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Side-by-side financial comparison of Freshworks Inc. (FRSH) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $153.1M, roughly 1.5× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -2.1%, a 6.9% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 16.5%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
FRSH vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $228.6M | $153.1M |
| Net Profit | $-4.8M | $7.3M |
| Gross Margin | 84.8% | 31.5% |
| Operating Margin | 11.6% | 12.0% |
| Net Margin | -2.1% | 4.8% |
| Revenue YoY | 16.5% | 22.3% |
| Net Profit YoY | -268.9% | 8.5% |
| EPS (diluted) | $-0.02 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $215.1M | $138.0M | ||
| Q2 25 | $204.7M | $129.8M | ||
| Q1 25 | $196.3M | $122.8M | ||
| Q4 24 | $194.6M | $125.1M | ||
| Q3 24 | $186.6M | $124.8M | ||
| Q2 24 | $174.1M | $118.8M |
| Q1 26 | $-4.8M | — | ||
| Q4 25 | $191.4M | $7.3M | ||
| Q3 25 | $-4.7M | $2.3M | ||
| Q2 25 | $-1.7M | $518.0K | ||
| Q1 25 | $-1.3M | $4.8M | ||
| Q4 24 | $-21.9M | $6.8M | ||
| Q3 24 | $-30.0M | $1.3M | ||
| Q2 24 | $-20.2M | $6.0M |
| Q1 26 | 84.8% | — | ||
| Q4 25 | 85.6% | 31.5% | ||
| Q3 25 | 84.7% | 29.7% | ||
| Q2 25 | 84.8% | 30.9% | ||
| Q1 25 | 84.8% | 33.2% | ||
| Q4 24 | 84.9% | 34.1% | ||
| Q3 24 | 84.0% | 35.8% | ||
| Q2 24 | 83.8% | 35.7% |
| Q1 26 | 11.6% | — | ||
| Q4 25 | 17.8% | 12.0% | ||
| Q3 25 | -3.5% | 9.4% | ||
| Q2 25 | -4.2% | 7.3% | ||
| Q1 25 | -5.3% | 11.5% | ||
| Q4 24 | -12.2% | 12.7% | ||
| Q3 24 | -20.8% | 14.3% | ||
| Q2 24 | -25.1% | 12.5% |
| Q1 26 | -2.1% | — | ||
| Q4 25 | 86.0% | 4.8% | ||
| Q3 25 | -2.2% | 1.7% | ||
| Q2 25 | -0.8% | 0.4% | ||
| Q1 25 | -0.7% | 3.9% | ||
| Q4 24 | -11.3% | 5.4% | ||
| Q3 24 | -16.1% | 1.0% | ||
| Q2 24 | -11.6% | 5.1% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.66 | $0.62 | ||
| Q3 25 | $-0.02 | $0.19 | ||
| Q2 25 | $-0.01 | $0.04 | ||
| Q1 25 | $0.00 | $0.40 | ||
| Q4 24 | $-0.07 | $0.56 | ||
| Q3 24 | $-0.10 | $0.11 | ||
| Q2 24 | $-0.07 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $1.0B | $-17.3M |
| Total Assets | $1.6B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $548.2M | — | ||
| Q4 25 | $781.4M | $21.7M | ||
| Q3 25 | $813.2M | $16.0M | ||
| Q2 25 | $926.2M | $17.1M | ||
| Q1 25 | $995.3M | $31.5M | ||
| Q4 24 | $1.1B | $33.5M | ||
| Q3 24 | $1.1B | $14.7M | ||
| Q2 24 | $1.0B | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $-17.3M | ||
| Q3 25 | $851.5M | $-25.7M | ||
| Q2 25 | $984.6M | $-29.0M | ||
| Q1 25 | $1.1B | $-29.7M | ||
| Q4 24 | $1.1B | $-35.6M | ||
| Q3 24 | $1.1B | $-42.8M | ||
| Q2 24 | $1.1B | $-44.6M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $403.2M | ||
| Q3 25 | $1.4B | $407.1M | ||
| Q2 25 | $1.5B | $399.8M | ||
| Q1 25 | $1.5B | $351.9M | ||
| Q4 24 | $1.6B | $349.7M | ||
| Q3 24 | $1.6B | $342.3M | ||
| Q2 24 | $1.5B | $321.4M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $62.4M | — | ||
| Q4 25 | $62.3M | $39.6M | ||
| Q3 25 | $63.5M | $10.0M | ||
| Q2 25 | $58.6M | $4.3M | ||
| Q1 25 | $58.0M | $5.6M | ||
| Q4 24 | $41.4M | $26.7M | ||
| Q3 24 | $42.3M | $12.5M | ||
| Q2 24 | $36.3M | $-4.8M |
| Q1 26 | — | — | ||
| Q4 25 | $60.1M | $35.2M | ||
| Q3 25 | $61.7M | $5.3M | ||
| Q2 25 | $58.2M | $533.0K | ||
| Q1 25 | $56.7M | $292.0K | ||
| Q4 24 | $36.3M | $21.6M | ||
| Q3 24 | $41.3M | $11.1M | ||
| Q2 24 | $34.0M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 23.0% | ||
| Q3 25 | 28.7% | 3.8% | ||
| Q2 25 | 28.4% | 0.4% | ||
| Q1 25 | 28.9% | 0.2% | ||
| Q4 24 | 18.7% | 17.3% | ||
| Q3 24 | 22.1% | 8.9% | ||
| Q2 24 | 19.5% | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 2.9% | ||
| Q3 25 | 0.8% | 3.4% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.7% | 4.3% | ||
| Q4 24 | 2.6% | 4.0% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 1.3% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
