Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Freshworks, Inc. (FRSH)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-05
$12.70-4.22%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.83 → 0.84 EPS · FY ending Dec 31, 2027 · 10 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 10 to 10; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for FRSH yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Increase leverage of AI and automation in products and operations | The company is boosting AI and automation to improve products and operations. | Intact | No meaningful progress in AI and automation leverage over next 4 quarters | Qualitative: Restructuring plan executed to increase AI/automation leverage Restructuring plan to boost AI leverage; Q3 earnings beat; ARR crossed $1B. Nov 5, 2026Last status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earningsObserved price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
FRSH is a growth-and-profitability transition, with a multi-year view that depends on sustaining revenue growth while building durable profits. The thesis remains intact, though confidence is medium and risk is elevated.
FRSH carries a sizable premium to peers, which reflects expectations of durable growth and improving profitability. The expectations gap is slightly negative, suggesting current expectations are a little ahead of the evidence; the priced-in assessment is still tagged as justified, with low fragility.
Near term, the next report is a key test: FRSH recently missed its own guidance, peers have also been missing, and a guidance cut would be a meaningful setback. Over the multi-year thesis, revenue growth, a move to operating profit, and broad AI Copilot adoption support progress, while restructuring execution remains mixed.
The thesis depends on FRSH sustaining growth and profitability milestones while completing its restructuring and turning AI adoption into ongoing product progress. Near-term conditions could improve if interest rates fall or major software peers stabilize, but another guidance cut would weaken the case.
For the next 1 to 3 years, FRSH has credible progress toward growth and profitability, but its premium valuation leaves limited room for execution setbacks. The thesis is intact, with the next guidance update and restructuring results as key tests. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| It aims to grow revenue to about $960 million in 2026 and generate free cash flow over $240 million. |
| Intact |
| Free cash flow falls below $242 million in FY26 |
Free cash flow: $53.482M FY2026-Q2; GAAP. Published target: >= $242 million. Annual target cannot be compared with a quarterly or TTM observation. Aug 4, 202653,482,000 USD · calculatedLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Complete restructuring plan affecting 11% workforce by 2026-Q1 | Freshworks is cutting costs by restructuring 11% of its workforce. | Intact | Restructuring plan not completed or reversed by 2026-Q1 | 500 employees affected (target met) May 2026 announcement and Q2 2026 filing confirm 500 employees (11% workforce) affected by restructuring plan. Nov 5, 2026Last status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue reaches at least $958 million in FY26 | A primary condition in Freshworks, Inc.'s published investment case. The stated target is >= $958 million. | Intact | Revenue falls below $958 million in FY26 | Revenue: $245.428M FY2026-Q3; GAAP. Published target: >= $958 million. Annual target cannot be compared with a quarterly or TTM observation. Nov 3, 2026245,428,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.80 → $0.84 · observed estimates
$1.10B → $1.10B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.80 | $1,100,495,642 | 8 / 11 |
| 2026-07-25 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-07-26 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-07-27 | $0.80 | $1,100,495,642 | 8 / 11 |
| 2026-07-28 | $0.80 | $1,100,495,642 | 9 / 12 |
| 2026-07-29 | $0.80 | $1,100,495,642 | 9 / 12 |
| 2026-07-30 | $0.80 | $1,100,495,642 | 9 / 12 |
| 2026-07-31 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-08-01 | $0.80 | $1,100,495,642 | 9 / 12 |
| 2026-08-02 | $0.80 | $1,100,495,642 | 9 / 12 |
| 2026-08-03 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-08-04 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-08-05 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-08-06 | $0.80 | $1,098,602,780 | 16 / 16 |
| 2026-08-07 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-08 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-09 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-10 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-11 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-12 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-13 | $0.83 | $1,102,012,390 | 16 / 16 |
| 2026-08-14 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-15 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-16 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-17 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-18 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-19 | $0.82 | $1,101,388,952 | 8 / 12 |
| 2026-08-20 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-21 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-22 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-23 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-24 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-25 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-26 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-27 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-28 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-29 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-30 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-08-31 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-01 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-02 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-03 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-04 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-05 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-06 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-07 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-08 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-09 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-10 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-11 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-12 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-13 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-14 | $0.83 | $1,102,013,952 | 9 / 12 |
| 2026-09-15 | $0.83 | $1,101,913,131 | 9 / 12 |
| 2026-09-16 | $0.83 | $1,101,913,131 | 10 / 12 |
| 2026-09-17 | $0.83 | $1,101,913,131 | 10 / 12 |
| 2026-09-18 | $0.83 | $1,101,913,131 | 10 / 12 |
| 2026-09-19 | $0.83 | $1,101,913,131 | 10 / 12 |
| 2026-09-20 | $0.83 | $1,101,913,131 | 10 / 13 |
| 2026-09-21 | $0.83 | $1,101,913,131 | 10 / 13 |
| 2026-09-22 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-23 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-24 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-25 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-26 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-27 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-28 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-29 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-09-30 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-01 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-02 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-03 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-04 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-05 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-06 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-07 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-08 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-09 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-10 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-11 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-12 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-13 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-14 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-15 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-16 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-17 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-18 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-19 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-20 | $0.83 | $1,101,913,936 | 10 / 13 |
| 2026-10-21 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-22 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-23 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-24 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-25 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-26 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-27 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-28 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-29 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-30 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-10-31 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-11-01 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-11-02 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-11-03 | $0.83 | $1,101,914,083 | 10 / 13 |
| 2026-11-04 | $0.84 | $1,101,548,572 | 10 / 13 |
| 2026-11-05 | $0.84 | $1,101,548,572 | 10 / 13 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 9 Buy / Strong Buy · 8 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 5 recorded
1 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
2 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.