Quarterly ResultAug 4, 2026, 04:41 PM
Freshworks Q2 Revenue $237.38M, Net Income $3.24M; Acquires FireHydrant
AI Summary
Freshworks reported Q2 2026 revenue of $237.38 million, an increase from $204.68 million in Q2 2025, and achieved a net income of $3.24 million, reversing a loss from the prior year. For the six months ended June 30, 2026, the company recorded a net loss of $1.57 million. A significant event in the period was the acquisition of FireHydrant, Inc. for $88.7 million in cash, aimed at expanding its IT service and operations portfolio. The company also incurred $7.03 million in restructuring charges and repurchased $160.39 million of common stock during Q2 2026.
Key Highlights
- Acquired FireHydrant, Inc. for $88.7 million in cash on January 1, 2026.
- Q2 2026 revenue increased to $237.38 million from $204.68 million in Q2 2025.
- Reported Q2 2026 net income of $3.24 million, compared to a net loss of $1.74 million in Q2 2025.
- Basic and diluted EPS for Q2 2026 was $0.01, up from $(0.01) in Q2 2025.
- Incurred $7.03 million in restructuring charges during Q2 2026.
- Repurchased $160.39 million of common stock in Q2 2026.
- Net cash provided by operating activities for 6M 2026 was $120.91 million.
- Total assets decreased to $1.49 billion as of June 30, 2026, from $1.60 billion at year-end 2025.
Price Impact
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