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Side-by-side financial comparison of Claritev Corp (CTEV) and Freshworks Inc. (FRSH). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $228.6M, roughly 1.1× Freshworks Inc.). Freshworks Inc. runs the higher net margin — -2.1% vs -32.7%, a 30.6% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs 6.2%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (14.6% CAGR vs 2.5%).
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.
CTEV vs FRSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $228.6M |
| Net Profit | $-80.6M | $-4.8M |
| Gross Margin | — | 84.8% |
| Operating Margin | -3.1% | 11.6% |
| Net Margin | -32.7% | -2.1% |
| Revenue YoY | 6.2% | 16.5% |
| Net Profit YoY | 41.6% | -268.9% |
| EPS (diluted) | $-4.88 | $-0.02 |
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 | — | $228.6M | ||
| Q4 25 | $246.6M | $222.7M | ||
| Q3 25 | $246.0M | $215.1M | ||
| Q2 25 | $241.6M | $204.7M | ||
| Q1 25 | $231.3M | $196.3M | ||
| Q4 24 | $232.1M | $194.6M | ||
| Q3 24 | $230.5M | $186.6M | ||
| Q2 24 | $233.5M | $174.1M |
| Q1 26 | — | $-4.8M | ||
| Q4 25 | $-80.6M | $191.4M | ||
| Q3 25 | $-69.8M | $-4.7M | ||
| Q2 25 | $-62.6M | $-1.7M | ||
| Q1 25 | $-71.3M | $-1.3M | ||
| Q4 24 | $-138.0M | $-21.9M | ||
| Q3 24 | $-391.4M | $-30.0M | ||
| Q2 24 | $-576.7M | $-20.2M |
| Q1 26 | — | 84.8% | ||
| 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 | — | 11.6% | ||
| Q4 25 | -3.1% | 17.8% | ||
| Q3 25 | 4.1% | -3.5% | ||
| Q2 25 | 6.9% | -4.2% | ||
| Q1 25 | 4.2% | -5.3% | ||
| Q4 24 | -17.8% | -12.2% | ||
| Q3 24 | -146.7% | -20.8% | ||
| Q2 24 | -224.4% | -25.1% |
| Q1 26 | — | -2.1% | ||
| Q4 25 | -32.7% | 86.0% | ||
| Q3 25 | -28.4% | -2.2% | ||
| Q2 25 | -25.9% | -0.8% | ||
| Q1 25 | -30.8% | -0.7% | ||
| Q4 24 | -59.4% | -11.3% | ||
| Q3 24 | -169.8% | -16.1% | ||
| Q2 24 | -247.0% | -11.6% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-4.88 | $0.66 | ||
| Q3 25 | $-4.23 | $-0.02 | ||
| Q2 25 | $-3.81 | $-0.01 | ||
| Q1 25 | $-4.38 | $0.00 | ||
| Q4 24 | $-8.49 | $-0.07 | ||
| Q3 24 | $-24.25 | $-0.10 | ||
| Q2 24 | $-35.78 | $-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 | $16.8M | $548.2M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | $1.0B |
| Total Assets | $4.9B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $548.2M | ||
| Q4 25 | $16.8M | $781.4M | ||
| Q3 25 | $39.2M | $813.2M | ||
| Q2 25 | $56.4M | $926.2M | ||
| Q1 25 | $23.1M | $995.3M | ||
| Q4 24 | $16.8M | $1.1B | ||
| Q3 24 | $86.6M | $1.1B | ||
| Q2 24 | $48.8M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $-173.9M | $1.0B | ||
| Q3 25 | $-101.8M | $851.5M | ||
| Q2 25 | $-39.9M | $984.6M | ||
| Q1 25 | $14.8M | $1.1B | ||
| Q4 24 | $84.0M | $1.1B | ||
| Q3 24 | $207.6M | $1.1B | ||
| Q2 24 | $603.4M | $1.1B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.9B | $1.6B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.1B | $1.5B | ||
| Q4 24 | $5.2B | $1.6B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
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 | $66.3M | $62.4M |
| Free Cash FlowOCF − Capex | $36.4M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $62.4M | ||
| Q4 25 | $66.3M | $62.3M | ||
| Q3 25 | $19.9M | $63.5M | ||
| Q2 25 | $61.2M | $58.6M | ||
| Q1 25 | $-30.1M | $58.0M | ||
| Q4 24 | $-33.4M | $41.4M | ||
| Q3 24 | $72.8M | $42.3M | ||
| Q2 24 | $18.5M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | $36.4M | $60.1M | ||
| Q3 25 | $-16.3M | $61.7M | ||
| Q2 25 | $36.6M | $58.2M | ||
| Q1 25 | $-68.9M | $56.7M | ||
| Q4 24 | $-63.8M | $36.3M | ||
| Q3 24 | $41.1M | $41.3M | ||
| Q2 24 | $-7.0M | $34.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 27.0% | ||
| Q3 25 | -6.6% | 28.7% | ||
| Q2 25 | 15.2% | 28.4% | ||
| Q1 25 | -29.8% | 28.9% | ||
| Q4 24 | -27.5% | 18.7% | ||
| Q3 24 | 17.8% | 22.1% | ||
| Q2 24 | -3.0% | 19.5% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 1.0% | ||
| Q3 25 | 14.7% | 0.8% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 16.8% | 0.7% | ||
| Q4 24 | 13.1% | 2.6% | ||
| Q3 24 | 13.8% | 0.6% | ||
| Q2 24 | 10.9% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
