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Side-by-side financial comparison of Fat Brands, Inc (FAT) and Freshworks Inc. (FRSH). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $140.0M, roughly 1.6× Fat Brands, Inc). Freshworks Inc. runs the higher net margin — -2.1% vs -41.6%, a 39.5% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs -2.3%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (14.6% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
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.
FAT vs FRSH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $228.6M |
| Net Profit | $-58.2M | $-4.8M |
| Gross Margin | — | 84.8% |
| Operating Margin | -12.4% | 11.6% |
| Net Margin | -41.6% | -2.1% |
| Revenue YoY | -2.3% | 16.5% |
| Net Profit YoY | -30.1% | -268.9% |
| EPS (diluted) | $-3.39 | $-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 | — | $222.7M | ||
| Q3 25 | $140.0M | $215.1M | ||
| Q2 25 | $146.8M | $204.7M | ||
| Q1 25 | $142.0M | $196.3M | ||
| Q4 24 | $145.3M | $194.6M | ||
| Q3 24 | $143.4M | $186.6M | ||
| Q2 24 | $152.0M | $174.1M |
| Q1 26 | — | $-4.8M | ||
| Q4 25 | — | $191.4M | ||
| Q3 25 | $-58.2M | $-4.7M | ||
| Q2 25 | $-54.2M | $-1.7M | ||
| Q1 25 | $-46.0M | $-1.3M | ||
| Q4 24 | $-67.4M | $-21.9M | ||
| Q3 24 | $-44.8M | $-30.0M | ||
| Q2 24 | $-39.4M | $-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 | — | 17.8% | ||
| Q3 25 | -12.4% | -3.5% | ||
| Q2 25 | -10.6% | -4.2% | ||
| Q1 25 | -6.0% | -5.3% | ||
| Q4 24 | -27.1% | -12.2% | ||
| Q3 24 | -6.2% | -20.8% | ||
| Q2 24 | -1.8% | -25.1% |
| Q1 26 | — | -2.1% | ||
| Q4 25 | — | 86.0% | ||
| Q3 25 | -41.6% | -2.2% | ||
| Q2 25 | -36.9% | -0.8% | ||
| Q1 25 | -32.4% | -0.7% | ||
| Q4 24 | -46.4% | -11.3% | ||
| Q3 24 | -31.2% | -16.1% | ||
| Q2 24 | -25.9% | -11.6% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $0.66 | ||
| Q3 25 | $-3.39 | $-0.02 | ||
| Q2 25 | $-3.17 | $-0.01 | ||
| Q1 25 | $-2.73 | $0.00 | ||
| Q4 24 | $-4.06 | $-0.07 | ||
| Q3 24 | $-2.74 | $-0.10 | ||
| Q2 24 | $-2.43 | $-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 | — | $548.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $1.0B |
| Total Assets | $1.2B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $548.2M | ||
| Q4 25 | — | $781.4M | ||
| Q3 25 | — | $813.2M | ||
| Q2 25 | — | $926.2M | ||
| Q1 25 | — | $995.3M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $-585.8M | $851.5M | ||
| Q2 25 | $-536.5M | $984.6M | ||
| Q1 25 | $-493.9M | $1.1B | ||
| Q4 24 | $-455.7M | $1.1B | ||
| Q3 24 | $-386.1M | $1.1B | ||
| Q2 24 | $-338.6M | $1.1B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B |
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 | $-14.5M | $62.4M |
| Free Cash FlowOCF − Capex | $-16.9M | — |
| FCF MarginFCF / Revenue | -12.1% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $62.4M | ||
| Q4 25 | — | $62.3M | ||
| Q3 25 | $-14.5M | $63.5M | ||
| Q2 25 | $-26.9M | $58.6M | ||
| Q1 25 | $-13.2M | $58.0M | ||
| Q4 24 | $-10.4M | $41.4M | ||
| Q3 24 | $-3.2M | $42.3M | ||
| Q2 24 | $-14.2M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $60.1M | ||
| Q3 25 | $-16.9M | $61.7M | ||
| Q2 25 | $-29.3M | $58.2M | ||
| Q1 25 | $-17.8M | $56.7M | ||
| Q4 24 | $-11.0M | $36.3M | ||
| Q3 24 | $-11.1M | $41.3M | ||
| Q2 24 | $-24.4M | $34.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.0% | ||
| Q3 25 | -12.1% | 28.7% | ||
| Q2 25 | -20.0% | 28.4% | ||
| Q1 25 | -12.5% | 28.9% | ||
| Q4 24 | -7.6% | 18.7% | ||
| Q3 24 | -7.7% | 22.1% | ||
| Q2 24 | -16.1% | 19.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 3.2% | 0.7% | ||
| Q4 24 | 0.4% | 2.6% | ||
| Q3 24 | 5.5% | 0.6% | ||
| Q2 24 | 6.7% | 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.
Revenue Breakdown by Segment
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
FRSH
Segment breakdown not available.
