vs
Side-by-side financial comparison of Freshworks Inc. (FRSH) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $222.7M, roughly 1.7× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 3.1%, a 82.9% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 14.5%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $46.6M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 12.8%).
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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
FRSH vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $382.2M |
| Net Profit | $191.4M | $11.7M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 4.7% |
| Net Margin | 86.0% | 3.1% |
| Revenue YoY | 14.5% | 17.4% |
| Net Profit YoY | 974.2% | 264.1% |
| EPS (diluted) | $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.
| Q4 25 | $222.7M | $382.2M | ||
| Q3 25 | $215.1M | $363.8M | ||
| Q2 25 | $204.7M | $345.3M | ||
| Q1 25 | $196.3M | $333.0M | ||
| Q4 24 | $194.6M | $325.5M | ||
| Q3 24 | $186.6M | $312.7M | ||
| Q2 24 | $174.1M | $312.3M | ||
| Q1 24 | $165.1M | $300.4M |
| Q4 25 | $191.4M | $11.7M | ||
| Q3 25 | $-4.7M | $1.1M | ||
| Q2 25 | $-1.7M | $-3.8M | ||
| Q1 25 | $-1.3M | $709.0K | ||
| Q4 24 | $-21.9M | $-7.1M | ||
| Q3 24 | $-30.0M | $-6.0M | ||
| Q2 24 | $-20.2M | $-23.3M | ||
| Q1 24 | $-23.3M | $-21.1M |
| 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% | — |
| Q4 25 | 17.8% | 4.7% | ||
| Q3 25 | -3.5% | 2.0% | ||
| Q2 25 | -4.2% | -0.9% | ||
| Q1 25 | -5.3% | 0.5% | ||
| Q4 24 | -12.2% | 0.3% | ||
| Q3 24 | -20.8% | 0.0% | ||
| Q2 24 | -25.1% | -5.1% | ||
| Q1 24 | -19.5% | -5.6% |
| Q4 25 | 86.0% | 3.1% | ||
| Q3 25 | -2.2% | 0.3% | ||
| Q2 25 | -0.8% | -1.1% | ||
| Q1 25 | -0.7% | 0.2% | ||
| Q4 24 | -11.3% | -2.2% | ||
| Q3 24 | -16.1% | -1.9% | ||
| Q2 24 | -11.6% | -7.5% | ||
| Q1 24 | -14.1% | -7.0% |
| Q4 25 | $0.66 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $-0.08 | — |
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 | $248.6M |
| Total DebtLower is stronger | — | $282.8M |
| Stockholders' EquityBook value | $1.0B | $1.5B |
| Total Assets | $1.6B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $248.6M | ||
| Q3 25 | $813.2M | $203.9M | ||
| Q2 25 | $926.2M | $188.9M | ||
| Q1 25 | $995.3M | $134.3M | ||
| Q4 24 | $1.1B | $154.6M | ||
| Q3 24 | $1.1B | $102.6M | ||
| Q2 24 | $1.0B | $87.0M | ||
| Q1 24 | $1.2B | $49.5M |
| Q4 25 | — | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | — | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $851.5M | $1.5B | ||
| Q2 25 | $984.6M | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | $1.4B |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | $1.5B | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $60.1M | $46.6M |
| FCF MarginFCF / Revenue | 27.0% | 12.2% |
| Capex IntensityCapex / Revenue | 1.0% | 2.9% |
| Cash ConversionOCF / Net Profit | 0.33× | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $57.6M | ||
| Q3 25 | $63.5M | $27.3M | ||
| Q2 25 | $58.6M | $64.4M | ||
| Q1 25 | $58.0M | $-3.1M | ||
| Q4 24 | $41.4M | $62.3M | ||
| Q3 24 | $42.3M | $22.7M | ||
| Q2 24 | $36.3M | $44.1M | ||
| Q1 24 | $40.6M | $-21.8M |
| Q4 25 | $60.1M | $46.6M | ||
| Q3 25 | $61.7M | $17.0M | ||
| Q2 25 | $58.2M | $56.6M | ||
| Q1 25 | $56.7M | $-10.3M | ||
| Q4 24 | $36.3M | $56.0M | ||
| Q3 24 | $41.3M | $17.7M | ||
| Q2 24 | $34.0M | $39.0M | ||
| Q1 24 | $39.9M | $-26.9M |
| Q4 25 | 27.0% | 12.2% | ||
| Q3 25 | 28.7% | 4.7% | ||
| Q2 25 | 28.4% | 16.4% | ||
| Q1 25 | 28.9% | -3.1% | ||
| Q4 24 | 18.7% | 17.2% | ||
| Q3 24 | 22.1% | 5.7% | ||
| Q2 24 | 19.5% | 12.5% | ||
| Q1 24 | 24.1% | -9.0% |
| Q4 25 | 1.0% | 2.9% | ||
| Q3 25 | 0.8% | 2.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 2.6% | 1.9% | ||
| Q3 24 | 0.6% | 1.6% | ||
| Q2 24 | 1.3% | 1.6% | ||
| Q1 24 | 0.4% | 1.7% |
| Q4 25 | 0.33× | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
LFST
Segment breakdown not available.
