Quarterly ResultMay 5, 2026, 04:13 PM
Freshworks Q1 Revenue $228.6M, +16%; Lands First $1M+ ARR Deal
AI Summary
Freshworks Inc. announced its first-quarter 2026 financial results, reporting total revenue of $228.6 million, a 16% increase year-over-year, and exceeding estimates for revenue and non-GAAP operating income. A key business highlight was securing the two largest deals in company history, including its first $1 million-plus ARR deal. Despite these achievements, non-GAAP operating income and non-GAAP net income per share saw a year-over-year decrease. The company provided an optimistic financial outlook for both the second quarter and the full year 2026.
Key Highlights
- Landed two largest deals in company history, including first $1M+ ARR deal.
- Q1 2026 total revenue grew 16% to $228.6 million.
- Non-GAAP income from operations was $41.0 million, with a 17.9% margin.
- Non-GAAP diluted net income per share was $0.11.
- Customers contributing over $100,000 in ARR increased 29% year-over-year to 1,646.
- Net cash provided by operating activities was $62.4 million.
- Q2 2026 revenue guidance is $232.0 - $235.0 million.
- Full-year 2026 revenue guidance is $958.0 - $964.0 million.