Freshworks Inc

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

FRSH$12.01-0.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and per share amounts)

	December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$488,121	$304,083
Marketable securities	699,506	843,405
Accounts receivable, net of allowance of $8,562 and $6,628	97,179	70,470
Deferred contract acquisition costs	22,908	20,139
Prepaid expenses and other current assets	47,832	38,913
Total current assets	1,355,546	1,277,010
Property and equipment, net	22,747	24,139
Operating lease right-of-use assets	32,749	33,024
Deferred contract acquisition costs, noncurrent	19,764	19,536
Goodwill	6,181	6,181
Deferred tax assets	10,013	8,689
Other assets	9,772	11,637
Total assets	$1,456,772	$1,380,216
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$3,485	$5,908
Accrued liabilities	56,608	59,008
Deferred revenue	266,399	205,626
Income tax payable	722	1,150
Total current liabilities	327,214	271,692
Operating lease liabilities, non-current	26,795	28,174
Other liabilities	30,501	28,532
Total liabilities	384,510	328,398
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized as of December 31, 2023 and 2022, respectively; zero shares issued and outstanding as of December 31, 2023 and 2022	—	—
Class A common stock, $0.00001 par value per share; 1,000,000,000 shares authorized as of December 31, 2023 and 2022; 208,940,016 and 162,825,075 shares issued and outstanding as of December 31, 2023 and 2022, respectively	2	2
Class B common stock, $0.00001 par value per share; 350,000,000 shares authorized as of December 31, 2023 and 2022; 87,754,921 and 126,268,150 shares issued and outstanding as of December 31, 2023 and 2022, respectively	1	1

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

	December 31,
	2023	2022
Additional paid-in capital	4,713,522	4,562,319
Accumulated other comprehensive loss	(754)	(7,431)
Accumulated deficit	(3,640,509)	(3,503,073)
Total stockholders' equity	1,072,262	1,051,818
Total liabilities and stockholders' equity	$1,456,772	$1,380,216

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.