Freshworks Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
FRSH$12.01-0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $620,315 | $488,121 |
| Marketable securities | 449,750 | 699,506 |
| Accounts receivable, net of allowance of $8,885 and $8,562 | 122,910 | 97,179 |
| Deferred contract acquisition costs | 26,106 | 22,908 |
| Prepaid expenses and other current assets | 46,346 | 47,832 |
| Total current assets | 1,265,427 | 1,355,546 |
| Property and equipment, net | 25,893 | 22,747 |
| Operating lease right-of-use assets | 36,891 | 32,749 |
| Deferred contract acquisition costs, noncurrent | 22,534 | 19,764 |
| Goodwill | 147,014 | 6,181 |
| Intangible assets, net | 90,840 | — |
| Deferred tax assets | 8,499 | 10,013 |
| Other assets | 14,786 | 9,772 |
| Total assets | $1,611,884 | $1,456,772 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $1,619 | $3,485 |
| Accrued liabilities | 81,933 | 56,608 |
| Deferred revenue | 323,435 | 266,399 |
| Income tax payable | 728 | 722 |
| Total current liabilities | 407,715 | 327,214 |
| Operating lease liabilities, non-current | 30,221 | 26,795 |
| Other liabilities | 36,027 | 30,501 |
| Total liabilities | 473,963 | 384,510 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized as of December 31, 2024 and 2023, respectively; zero shares issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Class A common stock, $0.00001 par value per share; 1,000,000,000 shares authorized as of December 31, 2024 and 2023; 244,965,000 and 208,940,016 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value per share; 350,000,000 shares authorized as of December 31, 2024 and 2023; 58,417,396 and 87,754,921 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 1 | 1 |
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Additional paid-in capital | 4,874,133 | 4,713,522 |
| Accumulated other comprehensive loss | (338) | (754) |
| Accumulated deficit | (3,735,877) | (3,640,509) |
| Total stockholders' equity | 1,137,921 | 1,072,262 |
| Total liabilities and stockholders' equity | $1,611,884 | $1,456,772 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.