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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Freshworks Inc. (FRSH). Click either name above to swap in a different company.

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $222.7M, roughly 1.8× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs -7.1%, a 93.0% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -2.9%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $27.9M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs -5.9%).

Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...

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.

DNUT vs FRSH — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.8× larger
DNUT
$392.4M
$222.7M
FRSH
Growing faster (revenue YoY)
FRSH
FRSH
+17.4% gap
FRSH
14.5%
-2.9%
DNUT
Higher net margin
FRSH
FRSH
93.0% more per $
FRSH
86.0%
-7.1%
DNUT
More free cash flow
FRSH
FRSH
$32.2M more FCF
FRSH
$60.1M
$27.9M
DNUT
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNUT
DNUT
FRSH
FRSH
Revenue
$392.4M
$222.7M
Net Profit
$-27.8M
$191.4M
Gross Margin
85.6%
Operating Margin
-1.9%
17.8%
Net Margin
-7.1%
86.0%
Revenue YoY
-2.9%
14.5%
Net Profit YoY
-23.8%
974.2%
EPS (diluted)
$-0.18
$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.

Revenue
DNUT
DNUT
FRSH
FRSH
Q4 25
$392.4M
$222.7M
Q3 25
$375.3M
$215.1M
Q2 25
$379.8M
$204.7M
Q1 25
$375.2M
$196.3M
Q4 24
$404.0M
$194.6M
Q3 24
$379.9M
$186.6M
Q2 24
$438.8M
$174.1M
Q1 24
$442.7M
$165.1M
Net Profit
DNUT
DNUT
FRSH
FRSH
Q4 25
$-27.8M
$191.4M
Q3 25
$-19.4M
$-4.7M
Q2 25
$-435.3M
$-1.7M
Q1 25
$-33.3M
$-1.3M
Q4 24
$-22.4M
$-21.9M
Q3 24
$39.6M
$-30.0M
Q2 24
$-5.5M
$-20.2M
Q1 24
$-8.5M
$-23.3M
Gross Margin
DNUT
DNUT
FRSH
FRSH
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 24
84.3%
Operating Margin
DNUT
DNUT
FRSH
FRSH
Q4 25
-1.9%
17.8%
Q3 25
-1.9%
-3.5%
Q2 25
-114.4%
-4.2%
Q1 25
-5.4%
-5.3%
Q4 24
-2.8%
-12.2%
Q3 24
-4.2%
-20.8%
Q2 24
1.6%
-25.1%
Q1 24
2.7%
-19.5%
Net Margin
DNUT
DNUT
FRSH
FRSH
Q4 25
-7.1%
86.0%
Q3 25
-5.2%
-2.2%
Q2 25
-114.6%
-0.8%
Q1 25
-8.9%
-0.7%
Q4 24
-5.6%
-11.3%
Q3 24
10.4%
-16.1%
Q2 24
-1.3%
-11.6%
Q1 24
-1.9%
-14.1%
EPS (diluted)
DNUT
DNUT
FRSH
FRSH
Q4 25
$-0.18
$0.66
Q3 25
$-0.11
$-0.02
Q2 25
$-2.55
$-0.01
Q1 25
$-0.20
$0.00
Q4 24
$-0.13
$-0.07
Q3 24
$0.23
$-0.10
Q2 24
$-0.03
$-0.07
Q1 24
$-0.05
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNUT
DNUT
FRSH
FRSH
Cash + ST InvestmentsLiquidity on hand
$42.4M
$781.4M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$1.0B
Total Assets
$2.6B
$1.6B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
FRSH
FRSH
Q4 25
$42.4M
$781.4M
Q3 25
$30.7M
$813.2M
Q2 25
$21.3M
$926.2M
Q1 25
$18.7M
$995.3M
Q4 24
$29.0M
$1.1B
Q3 24
$25.4M
$1.1B
Q2 24
$28.6M
$1.0B
Q1 24
$33.1M
$1.2B
Total Debt
DNUT
DNUT
FRSH
FRSH
Q4 25
$911.9M
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
Q3 24
$804.6M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
FRSH
FRSH
Q4 25
$650.1M
$1.0B
Q3 25
$670.3M
$851.5M
Q2 25
$693.6M
$984.6M
Q1 25
$1.1B
$1.1B
Q4 24
$1.1B
$1.1B
Q3 24
$1.2B
$1.1B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.1B
Total Assets
DNUT
DNUT
FRSH
FRSH
Q4 25
$2.6B
$1.6B
Q3 25
$2.6B
$1.4B
Q2 25
$2.6B
$1.5B
Q1 25
$3.1B
$1.5B
Q4 24
$3.1B
$1.6B
Q3 24
$3.1B
$1.6B
Q2 24
$3.2B
$1.5B
Q1 24
$3.2B
$1.5B
Debt / Equity
DNUT
DNUT
FRSH
FRSH
Q4 25
1.40×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
Q2 24
0.79×
Q1 24
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DNUT
DNUT
FRSH
FRSH
Operating Cash FlowLast quarter
$45.0M
$62.3M
Free Cash FlowOCF − Capex
$27.9M
$60.1M
FCF MarginFCF / Revenue
7.1%
27.0%
Capex IntensityCapex / Revenue
4.4%
1.0%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$236.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
FRSH
FRSH
Q4 25
$45.0M
$62.3M
Q3 25
$42.3M
$63.5M
Q2 25
$-32.5M
$58.6M
Q1 25
$-20.8M
$58.0M
Q4 24
$27.0M
$41.4M
Q3 24
$3.3M
$42.3M
Q2 24
$33.2M
$36.3M
Q1 24
$-17.7M
$40.6M
Free Cash Flow
DNUT
DNUT
FRSH
FRSH
Q4 25
$27.9M
$60.1M
Q3 25
$15.5M
$61.7M
Q2 25
$-60.8M
$58.2M
Q1 25
$-46.7M
$56.7M
Q4 24
$-6.9M
$36.3M
Q3 24
$-22.9M
$41.3M
Q2 24
$1.6M
$34.0M
Q1 24
$-46.8M
$39.9M
FCF Margin
DNUT
DNUT
FRSH
FRSH
Q4 25
7.1%
27.0%
Q3 25
4.1%
28.7%
Q2 25
-16.0%
28.4%
Q1 25
-12.5%
28.9%
Q4 24
-1.7%
18.7%
Q3 24
-6.0%
22.1%
Q2 24
0.4%
19.5%
Q1 24
-10.6%
24.1%
Capex Intensity
DNUT
DNUT
FRSH
FRSH
Q4 25
4.4%
1.0%
Q3 25
7.1%
0.8%
Q2 25
7.4%
0.2%
Q1 25
6.9%
0.7%
Q4 24
8.4%
2.6%
Q3 24
6.9%
0.6%
Q2 24
7.2%
1.3%
Q1 24
6.6%
0.4%
Cash Conversion
DNUT
DNUT
FRSH
FRSH
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.08×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

FRSH
FRSH

Subscription Services Software Licenses And Maintenance$220.2M99%
Professional Services$2.5M1%

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