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Side-by-side financial comparison of Freshworks Inc. (FRSH) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $222.7M, roughly 1.1× Freshworks Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 14.5%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $60.1M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 16.1%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
FRSH vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $253.4M |
| Net Profit | $191.4M | — |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 28.7% |
| Net Margin | 86.0% | — |
| Revenue YoY | 14.5% | 62.7% |
| Net Profit YoY | 974.2% | — |
| EPS (diluted) | $0.66 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $215.1M | $244.7M | ||
| Q2 25 | $204.7M | $203.3M | ||
| Q1 25 | $196.3M | $174.6M | ||
| Q4 24 | $194.6M | $155.8M | ||
| Q3 24 | $186.6M | $148.5M | ||
| Q2 24 | $174.1M | $131.1M | ||
| Q1 24 | $165.1M | $118.5M |
| Q4 25 | $191.4M | — | ||
| Q3 25 | $-4.7M | $51.5M | ||
| Q2 25 | $-1.7M | $46.5M | ||
| Q1 25 | $-1.3M | $42.9M | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-30.0M | $30.5M | ||
| Q2 24 | $-20.2M | $25.7M | ||
| Q1 24 | $-23.3M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | -3.5% | 27.4% | ||
| Q2 25 | -4.2% | 29.5% | ||
| Q1 25 | -5.3% | 30.8% | ||
| Q4 24 | -12.2% | 28.9% | ||
| Q3 24 | -20.8% | 25.9% | ||
| Q2 24 | -25.1% | 25.5% | ||
| Q1 24 | -19.5% | 29.0% |
| Q4 25 | 86.0% | — | ||
| Q3 25 | -2.2% | 21.0% | ||
| Q2 25 | -0.8% | 22.9% | ||
| Q1 25 | -0.7% | 24.6% | ||
| Q4 24 | -11.3% | — | ||
| Q3 24 | -16.1% | 20.5% | ||
| Q2 24 | -11.6% | 19.6% | ||
| Q1 24 | -14.1% | 22.3% |
| Q4 25 | $0.66 | $2.05 | ||
| Q3 25 | $-0.02 | $1.87 | ||
| Q2 25 | $-0.01 | $1.68 | ||
| Q1 25 | $0.00 | $1.57 | ||
| Q4 24 | $-0.07 | $1.29 | ||
| Q3 24 | $-0.10 | $1.15 | ||
| Q2 24 | $-0.07 | $1.00 | ||
| Q1 24 | $-0.08 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $781.4M | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $942.7M |
| Total Assets | $1.6B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $106.9M | ||
| Q3 25 | $813.2M | $111.7M | ||
| Q2 25 | $926.2M | $81.3M | ||
| Q1 25 | $995.3M | $119.3M | ||
| Q4 24 | $1.1B | $80.4M | ||
| Q3 24 | $1.1B | $86.5M | ||
| Q2 24 | $1.0B | $47.8M | ||
| Q1 24 | $1.2B | $61.4M |
| Q4 25 | $1.0B | $942.7M | ||
| Q3 25 | $851.5M | $878.1M | ||
| Q2 25 | $984.6M | $847.2M | ||
| Q1 25 | $1.1B | $790.4M | ||
| Q4 24 | $1.1B | $729.0M | ||
| Q3 24 | $1.1B | $703.3M | ||
| Q2 24 | $1.1B | $532.6M | ||
| Q1 24 | $1.1B | $501.7M |
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.5B | $2.4B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $60.1M | $409.0M |
| FCF MarginFCF / Revenue | 27.0% | 161.4% |
| Capex IntensityCapex / Revenue | 1.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $409.1M | ||
| Q3 25 | $63.5M | $83.6M | ||
| Q2 25 | $58.6M | $120.9M | ||
| Q1 25 | $58.0M | $87.2M | ||
| Q4 24 | $41.4M | $261.2M | ||
| Q3 24 | $42.3M | $100.3M | ||
| Q2 24 | $36.3M | $55.1M | ||
| Q1 24 | $40.6M | $33.1M |
| Q4 25 | $60.1M | $409.0M | ||
| Q3 25 | $61.7M | $83.6M | ||
| Q2 25 | $58.2M | $120.8M | ||
| Q1 25 | $56.7M | $87.1M | ||
| Q4 24 | $36.3M | $260.9M | ||
| Q3 24 | $41.3M | $100.1M | ||
| Q2 24 | $34.0M | — | ||
| Q1 24 | $39.9M | — |
| Q4 25 | 27.0% | 161.4% | ||
| Q3 25 | 28.7% | 34.2% | ||
| Q2 25 | 28.4% | 59.4% | ||
| Q1 25 | 28.9% | 49.9% | ||
| Q4 24 | 18.7% | 167.5% | ||
| Q3 24 | 22.1% | 67.4% | ||
| Q2 24 | 19.5% | — | ||
| Q1 24 | 24.1% | — |
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 0.8% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 0.4% | 0.0% |
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
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% |
PLMR
Segment breakdown not available.
