Freshworks Inc.

Filing receipts

“Operating Expenses Three Months Ended March 31, Change 2026 2025 $ % (dollars in thousands) Research and development $ 49,261 $ 40,001 $ 9,260 23 % Sales and marketing 112,317 89,158 23,159 26 % General and administrative 40,427 47,247 (6,820) (14) % Restructuring charges — 405 (405) (100) % Total operating expenses $ 202,005 $ 176,811 $ 25,194 14 % The $25.2 million or 14%, increase in our operating expenses for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, was primarily driven by higher personnel related costs due to annual compensation adjustments and marketing sponsorship costs, partially offset by lower stock-based compensation expense from th...”

“The net cash inflows from changes in operating assets and liabilities were primarily due to a decrease of $24.9 million in accounts receivable and increases of $6.9 million in accounts payable and $1.0 million in deferred revenue; offset by increases of $12.6 million in prepaid expenses and other assets, $10.2 million in deferred contract acquisition costs, and decreases of $3.7 million in operating lease liabilities and $3.4 million in accrued expenses and other liabilities.”

“Other income (expense), net changed by $7.3 million for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, primarily due to a $7.1 million foreign exchange loss during the period, mostly from unfavorable changes in foreign exchange rates in Indian rupee against the U.S. dollar.”