Freshworks Inc. — Earnings Quality Grade C
FRSH · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 66 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 16.4%, CFFO 50.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 46.6% is >2x revenue growth 16.4%
SG&A/Gross Profit = 75.2%, exceeds 70%
Gross margin 85.0%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = 1.32. Profits backed by cash
FCF $0.2B, FCF/NI = 1.20
Accruals ratio = -3.7%. Low accruals
Cash $0.8B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 22% of equity. Manageable
Debt/EBITDA = 1.1x. Healthy
Other assets 25.1% vs revenue 16.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -6% YoY. Normal
Manipulation Score
M-Score = -2.30 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25