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Side-by-side financial comparison of Freshworks Inc. (FRSH) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $177.1M, roughly 1.3× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -2.1%, a 34.9% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs 7.2%). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 14.6%).
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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
FRSH vs GCMG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $228.6M | $177.1M |
| Net Profit | $-4.8M | $58.2M |
| Gross Margin | 84.8% | — |
| Operating Margin | 11.6% | 30.9% |
| Net Margin | -2.1% | 32.8% |
| Revenue YoY | 16.5% | 7.2% |
| Net Profit YoY | -268.9% | 149.2% |
| EPS (diluted) | $-0.02 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $215.1M | $135.0M | ||
| Q2 25 | $204.7M | $119.7M | ||
| Q1 25 | $196.3M | $125.8M | ||
| Q4 24 | $194.6M | $165.3M | ||
| Q3 24 | $186.6M | $122.9M | ||
| Q2 24 | $174.1M | $117.0M |
| Q1 26 | $-4.8M | — | ||
| Q4 25 | $191.4M | $58.2M | ||
| Q3 25 | $-4.7M | $10.5M | ||
| Q2 25 | $-1.7M | $15.4M | ||
| Q1 25 | $-1.3M | $463.0K | ||
| Q4 24 | $-21.9M | $7.6M | ||
| Q3 24 | $-30.0M | $4.2M | ||
| Q2 24 | $-20.2M | $4.8M |
| 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% | 30.9% | ||
| Q3 25 | -3.5% | 32.7% | ||
| Q2 25 | -4.2% | 16.1% | ||
| Q1 25 | -5.3% | 12.2% | ||
| Q4 24 | -12.2% | 26.4% | ||
| Q3 24 | -20.8% | 20.3% | ||
| Q2 24 | -25.1% | 17.8% |
| Q1 26 | -2.1% | — | ||
| Q4 25 | 86.0% | 32.8% | ||
| Q3 25 | -2.2% | 7.8% | ||
| Q2 25 | -0.8% | 12.9% | ||
| Q1 25 | -0.7% | 0.4% | ||
| Q4 24 | -11.3% | 4.6% | ||
| Q3 24 | -16.1% | 3.4% | ||
| Q2 24 | -11.6% | 4.1% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.66 | $0.23 | ||
| Q3 25 | $-0.02 | $0.16 | ||
| Q2 25 | $-0.01 | $0.05 | ||
| Q1 25 | $0.00 | $-0.02 | ||
| Q4 24 | $-0.07 | $0.09 | ||
| Q3 24 | $-0.10 | $0.03 | ||
| Q2 24 | $-0.07 | $0.04 |
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 | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $1.0B | $27.0M |
| Total Assets | $1.6B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $548.2M | — | ||
| Q4 25 | $781.4M | $242.1M | ||
| Q3 25 | $813.2M | $182.7M | ||
| Q2 25 | $926.2M | $136.3M | ||
| Q1 25 | $995.3M | $94.5M | ||
| Q4 24 | $1.1B | $89.5M | ||
| Q3 24 | $1.1B | $98.4M | ||
| Q2 24 | $1.0B | $73.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $27.0M | ||
| Q3 25 | $851.5M | $-7.4M | ||
| Q2 25 | $984.6M | $-12.3M | ||
| Q1 25 | $1.1B | $-28.3M | ||
| Q4 24 | $1.1B | $-27.6M | ||
| Q3 24 | $1.1B | $-31.9M | ||
| Q2 24 | $1.1B | $-28.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $813.8M | ||
| Q3 25 | $1.4B | $685.9M | ||
| Q2 25 | $1.5B | $636.9M | ||
| Q1 25 | $1.5B | $579.8M | ||
| Q4 24 | $1.6B | $612.7M | ||
| Q3 24 | $1.6B | $575.0M | ||
| Q2 24 | $1.5B | $543.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $62.4M | $183.5M |
| Free Cash FlowOCF − Capex | — | $175.0M |
| FCF MarginFCF / Revenue | — | 98.8% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $62.4M | — | ||
| Q4 25 | $62.3M | $183.5M | ||
| Q3 25 | $63.5M | $79.8M | ||
| Q2 25 | $58.6M | $42.0M | ||
| Q1 25 | $58.0M | $33.3M | ||
| Q4 24 | $41.4M | $148.8M | ||
| Q3 24 | $42.3M | $69.0M | ||
| Q2 24 | $36.3M | $17.5M |
| Q1 26 | — | — | ||
| Q4 25 | $60.1M | $175.0M | ||
| Q3 25 | $61.7M | $78.3M | ||
| Q2 25 | $58.2M | $40.8M | ||
| Q1 25 | $56.7M | $32.1M | ||
| Q4 24 | $36.3M | $132.0M | ||
| Q3 24 | $41.3M | $62.2M | ||
| Q2 24 | $34.0M | $12.8M |
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 98.8% | ||
| Q3 25 | 28.7% | 58.0% | ||
| Q2 25 | 28.4% | 34.1% | ||
| Q1 25 | 28.9% | 25.5% | ||
| Q4 24 | 18.7% | 79.9% | ||
| Q3 24 | 22.1% | 50.6% | ||
| Q2 24 | 19.5% | 10.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 4.8% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 2.6% | 10.1% | ||
| Q3 24 | 0.6% | 5.5% | ||
| Q2 24 | 1.3% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
Segment breakdown not available.
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
