Freshworks Investor Day Presentation Deck
GAAP to non-GAAP Reconciliations
Operating expenses
($ in millions)
GAAP research and development
Less: stock-based compensation expense - employee awards
Less: employer taxes and employee stock transactions
Non-GAAP research and development
GAAP research and development as percentage of revenue
Non-GAAP research and development as percentage of revenue
($ in millions)
GAAP general and administrative
Less: stock-based compensation expense - employee awards
Less: employer taxes and employee stock transactions
Less: acquisition-related expenses
Non-GAAP general and administrative
GAAP general and administrative as percentage of revenue
Non-GAAP general and administrative as percentage of revenue
freshworks
2019
$38.6
(0.2)
$38.4
22%
22%
2019
$15.9
(1.3)
$14.6
9%
8%
Note: Numbers rounded for presentation purposes and may not foot.
2020
$69.2
(15.9)
$53.2
28%
21%
2020
$50.8
(27.4)
(0.3)
20%
9%
2021
$120.4
(45.2)
(1.2)
$74.1
32%
20%
2021
$117.0
(69.5)
(2.7)
$44.8
32%
12%
2022
$135.5
(36.4)
0.1
$99.2
27%
20%
2022
$156.8
(99.9)
(0.6)
$56.4
31%
11%
H1-23
$67.0
(19.0)
(0.2)
$47.8
24%
17%
H1-23
$82.2
(49.4)
(0.5)
$32.3
29%
11%
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