Freshworks Inc. (FRSH): restructuring charge — Freshworks Q1 beats with $228.6M revenue (+16% YoY); announces restructuring affecting 11% of workforce

Freshworks Inc.

2026-Q1 EPS reported -$0.02 revenue$228,633,000

Revenue $228.6M (+16% YoY, 14% CC); GAAP op loss $(8.1)M; non-GAAP op income $41.0M (17.9% margin).
Non-GAAP diluted EPS $0.11 vs $0.18 YoY; GAAP diluted EPS $(0.02).
Cash from ops $62.4M; adj free cash flow $55.8M; cash & securities $780.4M.
Restructuring to cut ~500 employees (11% workforce); Q2 2026 charge $7-9M.
Landed two largest deals in company history, including first >$1M ARR deal.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Freshworks Inc. reported first quarter ended March 31, 2026 results: revenue $228.6 million, EPS $(0.02).

Period: first quarter ended March 31, 2026
Revenue: $228.6 million
EPS: $(0.02)
Result: reported results

Exact text from the filing

long-term value to shareholders and customers through sustainable growth and increased profitability." First Quarter 2026 Financial Summary Results • Revenue: Total revenue was $228.6 million, representing growth of 16% compared to total revenue of $196.3 million in the first quarter of 2025, and 14% adjusting for constant currency. • GAAP (Loss) from Operations: GAAP

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Freshworks Inc. announced a restructuring with charges of between approximately $7 million and $9 million (approximately 500 employees).

Type: restructuring
Charge: between approximately $7 million and $9 million
Headcount: approximately 500 employees

Exact text from the filing

On May 5, 2026, the Company announced a restructuring plan (the “Plan”) to streamline the Company’s organizational efforts and product development process, as well as increase leverage of AI and automation across the business. The Plan is expected to affect approximately 500 employees globally, representing approximately 11% of the Company’s global workforce. In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $7 million and $9 million in the second quarter of 2026, which consists primarily of cash expenditures for severance payments, employee benefits, and related costs.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Freshworks Inc. filing history →

Source: SEC EDGAR

accession 0001544522-26-000088

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