Freshworks Inc

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

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.

FY2024 · Filed Feb 20, 2025

FRSH$11.88-1.1%Stored close · as of Nov 10, 2026

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

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024	2023	2022
Cash Flows Operating Activities:
Net loss	$(95,368)	$(137,436)	$(232,132)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	19,415	12,144	11,504
Amortization of deferred contract acquisition costs	28,556	23,965	18,532
Non-cash lease expense	8,842	7,736	6,195
Stock-based compensation	216,706	210,707	207,696
Discount on amortization on marketable securities	(15,992)	(15,652)	(1,627)
Deferred income taxes	(12,642)	(1,322)	(2,405)
Other	1,397	119	816
Changes in operating assets and liabilities:
Accounts receivable	(17,145)	(26,982)	(18,892)
Deferred contract acquisition costs	(34,524)	(26,962)	(28,560)
Prepaid expenses and other assets	(1,393)	(7,411)	(8,141)
Accounts payable	(2,204)	(2,423)	77
Accrued and other liabilities	14,454	1,839	7,746
Deferred revenue	54,808	60,773	45,453
Operating lease liabilities	(4,264)	(12,917)	(8,787)
Net cash provided by (used in) operating activities	160,646	86,178	(2,525)
Cash Flows from Investing Activities:
Purchases of property and equipment	(9,177)	(2,069)	(7,129)
Proceeds from sale of property and equipment	279	110	137
Capitalized internal-use software	(5,485)	(6,271)	(5,116)
Purchases of marketable securities	(620,573)	(842,803)	(848,560)
Sales of marketable securities	—	—	92,786
Maturities and redemptions of marketable securities	887,664	1,009,532	483,055
Business combination, net of cash acquired	(213,905)	—	—
Net cash provided by (used in) investing activities	38,803	158,499	(284,827)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock under employee stock purchase plan, net	6,643	7,271	10,870
Proceeds from exercise of stock options	89	88	109
Payment of withholding taxes on net share settlement of equity awards	(60,299)	(67,978)	(167,224)
Payment of deferred offering costs	—	—	(109)
Repurchase of common stock	(13,693)	—	—
Net cash used in financing activities	(67,260)	(60,619)	(156,354)
Net increase (decrease) in cash, cash equivalents and restricted cash	132,189	184,058	(443,706)
Cash, cash equivalents and restricted cash, beginning of period	488,216	304,158	747,864
Cash, cash equivalents and restricted cash, end of period	$620,405	$488,216	$304,158
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:
Cash and cash equivalents	$620,315	$488,121	$304,083
Restricted cash included in prepaid expenses and other current assets	3	—	3
Restricted cash included in other assets	87	95	72
Total cash, cash equivalents and restricted cash	$620,405	$488,216	$304,158

Supplemental cash flow information:
Cash paid for taxes	$11,949	$12,034	$13,412
Non-cash investing and financing activities:
Operating lease right-of-use assets obtained in exchange for operating lease obligations	$13,275	$7,461	$14,903
Stock-based compensation capitalized as internal-use software	$1,358	$1,758	$1,665
Issuance of common stock and options in connection with acquisition	$12,874	$—	$—
Payables related to unsettled common stock repurchases	$1,840	$—	$—

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.