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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Freshworks Inc. (FRSH). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $222.7M, roughly 1.8× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 31.8%, a 54.2% gap on every dollar of revenue. Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 16.1%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
AX vs FRSH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $222.7M |
| Net Profit | $124.7M | $191.4M |
| Gross Margin | — | 85.6% |
| Operating Margin | — | 17.8% |
| Net Margin | 31.8% | 86.0% |
| Revenue YoY | — | 14.5% |
| Net Profit YoY | 18.5% | 974.2% |
| EPS (diluted) | $2.15 | $0.66 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $222.7M | ||
| Q3 25 | $323.4M | $215.1M | ||
| Q2 25 | $321.4M | $204.7M | ||
| Q1 25 | $308.8M | $196.3M | ||
| Q4 24 | $307.9M | $194.6M | ||
| Q3 24 | $320.7M | $186.6M | ||
| Q2 24 | $290.9M | $174.1M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $191.4M | ||
| Q3 25 | $112.4M | $-4.7M | ||
| Q2 25 | $110.7M | $-1.7M | ||
| Q1 25 | $105.2M | $-1.3M | ||
| Q4 24 | $104.7M | $-21.9M | ||
| Q3 24 | $112.3M | $-30.0M | ||
| Q2 24 | $104.9M | $-20.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.6% | ||
| Q3 25 | — | 84.7% | ||
| Q2 25 | — | 84.8% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 84.9% | ||
| Q3 24 | — | 84.0% | ||
| Q2 24 | — | 83.8% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 17.8% | ||
| Q3 25 | 46.3% | -3.5% | ||
| Q2 25 | 48.5% | -4.2% | ||
| Q1 25 | 47.9% | -5.3% | ||
| Q4 24 | 48.8% | -12.2% | ||
| Q3 24 | 49.6% | -20.8% | ||
| Q2 24 | 49.6% | -25.1% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 86.0% | ||
| Q3 25 | 34.7% | -2.2% | ||
| Q2 25 | 34.4% | -0.8% | ||
| Q1 25 | 34.1% | -0.7% | ||
| Q4 24 | 34.0% | -11.3% | ||
| Q3 24 | 35.0% | -16.1% | ||
| Q2 24 | 36.0% | -11.6% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.66 | ||
| Q3 25 | $1.94 | $-0.02 | ||
| Q2 25 | $1.89 | $-0.01 | ||
| Q1 25 | $1.81 | $0.00 | ||
| Q4 24 | $1.80 | $-0.07 | ||
| Q3 24 | $1.93 | $-0.10 | ||
| Q2 24 | $1.75 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $781.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $1.0B |
| Total Assets | $29.2B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $781.4M | ||
| Q3 25 | $2.6B | $813.2M | ||
| Q2 25 | $1.9B | $926.2M | ||
| Q1 25 | $2.0B | $995.3M | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.0B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $2.8B | $851.5M | ||
| Q2 25 | $2.7B | $984.6M | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $1.6B | ||
| Q3 25 | $27.4B | $1.4B | ||
| Q2 25 | $24.8B | $1.5B | ||
| Q1 25 | $24.0B | $1.5B | ||
| Q4 24 | $23.7B | $1.6B | ||
| Q3 24 | $23.6B | $1.6B | ||
| Q2 24 | $22.9B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $62.3M |
| Free Cash FlowOCF − Capex | — | $60.1M |
| FCF MarginFCF / Revenue | — | 27.0% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $236.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $62.3M | ||
| Q3 25 | $118.4M | $63.5M | ||
| Q2 25 | $490.3M | $58.6M | ||
| Q1 25 | $73.7M | $58.0M | ||
| Q4 24 | $162.5M | $41.4M | ||
| Q3 24 | $70.8M | $42.3M | ||
| Q2 24 | $305.5M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $60.1M | ||
| Q3 25 | $109.3M | $61.7M | ||
| Q2 25 | $436.1M | $58.2M | ||
| Q1 25 | $65.1M | $56.7M | ||
| Q4 24 | $156.4M | $36.3M | ||
| Q3 24 | $53.0M | $41.3M | ||
| Q2 24 | $269.5M | $34.0M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 27.0% | ||
| Q3 25 | 33.8% | 28.7% | ||
| Q2 25 | 135.7% | 28.4% | ||
| Q1 25 | 21.1% | 28.9% | ||
| Q4 24 | 50.8% | 18.7% | ||
| Q3 24 | 16.5% | 22.1% | ||
| Q2 24 | 92.6% | 19.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 1.0% | ||
| Q3 25 | 2.8% | 0.8% | ||
| Q2 25 | 16.9% | 0.2% | ||
| Q1 25 | 2.8% | 0.7% | ||
| Q4 24 | 2.0% | 2.6% | ||
| Q3 24 | 5.5% | 0.6% | ||
| Q2 24 | 12.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 0.33× | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
