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Dec 31, 2022
Freshworks Q4 2022 Earnings Report
Freshworks' Q4 2022 financial results showcased revenue growth and improved cash flow amidst macroeconomic uncertainty.
Key Takeaways
Freshworks reported a 26% year-over-year revenue increase in Q4 2022, reaching $133.2 million. The company's focus on product innovation and business expansion drove revenue growth and improved cash flow, with $7.2 million in net cash from operating activities and $4 million in free cash flow during the quarter.
Total revenue was $133.2 million, representing 26% growth compared to Q4 2021.
GAAP loss from operations was $(60.6) million, compared to $(56.4) million in Q4 2021.
Non-GAAP net income per share was $0.01, compared to $(0.06) in Q4 2021.
Free cash flow was $4.0 million, compared to $2.8 million in Q4 2021.
Forward Guidance
Freshworks provided estimates for Q1 and Full Year 2023 based on current market conditions and expectations, with revenue growth rates adjusted for constant currency.
Positive Outlook
- Q1 2023 Revenue is expected to be $133.0 - $135.0 million.
- Q1 2023 Year-over-year growth of 16% - 18%.
- Q1 2023 Year-over-year growth adjusting for constant currency of 19% - 21%.
- Full Year 2023 Revenue is expected to be $575.0 - $590.0 million.
- Full Year 2023 Non-GAAP loss from operations ($14.0) - ($6.0) million.
Challenges Ahead
- Q1 2023 Non-GAAP loss from operations is expected to be ($9.0) - ($7.0) million.
- Q1 2023 Non-GAAP net loss per share is expected to be ($0.03) - ($0.01).
- Full Year 2023 Year-over-year growth of 15% - 18%.
- Full Year 2023 Year-over-year growth adjusting for constant currency of 16% - 19%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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