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Sep 30, 2024
Freshworks Q3 2024 Earnings Report
Freshworks delivered a strong Q3 2024 with significant revenue growth and improvements in operating activities and free cash flow margins.
Key Takeaways
Freshworks reported a strong third quarter with revenue of $186.6 million, a 22% year-over-year increase. The company saw improvements in net cash provided by operating activities margin to 23% and free cash flow margin to 21%.
Revenue grew 22% year-over-year to $186.6 million.
GAAP loss from operations was $(38.9) million.
Non-GAAP income from operations was $24.0 million.
Net cash provided by operating activities was $42.3 million.
Forward Guidance
Freshworks provided estimates for the fourth quarter and full year 2024, raising full year revenue, non-GAAP income from operations and non-GAAP net income per share guidance.
Positive Outlook
- Q4 2024 Revenue is expected to be $187.8 - $190.8 million, representing a year-over-year growth of 17% - 19%.
- Full Year 2024 Revenue is expected to be $713.6 - $716.6 million, representing a 20% year-over-year growth.
- Q4 2024 Non-GAAP income from operations is expected to be $22.0 - $24.0 million.
- Full Year 2024 Non-GAAP income from operations is expected to be $80.8 - $82.8 million.
- Q4 2024 Non-GAAP net income per share is expected to be $0.09 - $0.10.
Challenges Ahead
- Estimates are based on current market conditions and expectations.
- Revenue growth rates are adjusted for constant currency.
- Estimates are subject to various important cautionary factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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