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Side-by-side financial comparison of Freshworks Inc. (FRSH) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.

Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $140.7M, roughly 1.6× Purple Innovation, Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs -2.3%, a 88.2% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs 9.1%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-7.8M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 8.3%).

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.

Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”

FRSH vs PRPL — Head-to-Head

Bigger by revenue
FRSH
FRSH
1.6× larger
FRSH
$222.7M
$140.7M
PRPL
Growing faster (revenue YoY)
FRSH
FRSH
+5.4% gap
FRSH
14.5%
9.1%
PRPL
Higher net margin
FRSH
FRSH
88.2% more per $
FRSH
86.0%
-2.3%
PRPL
More free cash flow
FRSH
FRSH
$67.9M more FCF
FRSH
$60.1M
$-7.8M
PRPL
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
8.3%
PRPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRSH
FRSH
PRPL
PRPL
Revenue
$222.7M
$140.7M
Net Profit
$191.4M
$-3.2M
Gross Margin
85.6%
41.9%
Operating Margin
17.8%
-1.6%
Net Margin
86.0%
-2.3%
Revenue YoY
14.5%
9.1%
Net Profit YoY
974.2%
62.1%
EPS (diluted)
$0.66
$0.03

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.

Revenue
FRSH
FRSH
PRPL
PRPL
Q4 25
$222.7M
$140.7M
Q3 25
$215.1M
$118.8M
Q2 25
$204.7M
$105.1M
Q1 25
$196.3M
$104.2M
Q4 24
$194.6M
$129.0M
Q3 24
$186.6M
$118.6M
Q2 24
$174.1M
$120.3M
Q1 24
$165.1M
$120.0M
Net Profit
FRSH
FRSH
PRPL
PRPL
Q4 25
$191.4M
$-3.2M
Q3 25
$-4.7M
$-11.7M
Q2 25
$-1.7M
$-17.3M
Q1 25
$-1.3M
$-19.1M
Q4 24
$-21.9M
$-8.5M
Q3 24
$-30.0M
$-39.2M
Q2 24
$-20.2M
$27.0K
Q1 24
$-23.3M
$-50.2M
Gross Margin
FRSH
FRSH
PRPL
PRPL
Q4 25
85.6%
41.9%
Q3 25
84.7%
42.8%
Q2 25
84.8%
35.9%
Q1 25
84.8%
39.4%
Q4 24
84.9%
42.9%
Q3 24
84.0%
29.7%
Q2 24
83.8%
40.7%
Q1 24
84.3%
34.8%
Operating Margin
FRSH
FRSH
PRPL
PRPL
Q4 25
17.8%
-1.6%
Q3 25
-3.5%
-10.2%
Q2 25
-4.2%
-13.5%
Q1 25
-5.3%
-13.9%
Q4 24
-12.2%
-6.0%
Q3 24
-20.8%
-39.5%
Q2 24
-25.1%
-12.1%
Q1 24
-19.5%
-19.3%
Net Margin
FRSH
FRSH
PRPL
PRPL
Q4 25
86.0%
-2.3%
Q3 25
-2.2%
-9.9%
Q2 25
-0.8%
-16.5%
Q1 25
-0.7%
-18.4%
Q4 24
-11.3%
-6.6%
Q3 24
-16.1%
-33.1%
Q2 24
-11.6%
0.0%
Q1 24
-14.1%
-41.8%
EPS (diluted)
FRSH
FRSH
PRPL
PRPL
Q4 25
$0.66
$0.03
Q3 25
$-0.02
$0.11
Q2 25
$-0.01
$0.16
Q1 25
$0.00
$0.18
Q4 24
$-0.07
$0.08
Q3 24
$-0.10
$0.36
Q2 24
$-0.07
$0.00
Q1 24
$-0.08
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRSH
FRSH
PRPL
PRPL
Cash + ST InvestmentsLiquidity on hand
$781.4M
$24.3M
Total DebtLower is stronger
$126.7M
Stockholders' EquityBook value
$1.0B
$-29.7M
Total Assets
$1.6B
$296.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
PRPL
PRPL
Q4 25
$781.4M
$24.3M
Q3 25
$813.2M
$32.4M
Q2 25
$926.2M
$34.2M
Q1 25
$995.3M
$21.6M
Q4 24
$1.1B
$29.0M
Q3 24
$1.1B
$23.4M
Q2 24
$1.0B
$23.4M
Q1 24
$1.2B
$34.5M
Total Debt
FRSH
FRSH
PRPL
PRPL
Q4 25
$126.7M
Q3 25
Q2 25
Q1 25
Q4 24
$70.7M
Q3 24
$50.8M
Q2 24
Q1 24
Stockholders' Equity
FRSH
FRSH
PRPL
PRPL
Q4 25
$1.0B
$-29.7M
Q3 25
$851.5M
$-26.9M
Q2 25
$984.6M
$-15.6M
Q1 25
$1.1B
$1.3M
Q4 24
$1.1B
$20.2M
Q3 24
$1.1B
$28.0M
Q2 24
$1.1B
$66.4M
Q1 24
$1.1B
$65.5M
Total Assets
FRSH
FRSH
PRPL
PRPL
Q4 25
$1.6B
$296.3M
Q3 25
$1.4B
$302.1M
Q2 25
$1.5B
$303.8M
Q1 25
$1.5B
$293.8M
Q4 24
$1.6B
$307.8M
Q3 24
$1.6B
$309.3M
Q2 24
$1.5B
$362.1M
Q1 24
$1.5B
$382.1M
Debt / Equity
FRSH
FRSH
PRPL
PRPL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.50×
Q3 24
1.82×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRSH
FRSH
PRPL
PRPL
Operating Cash FlowLast quarter
$62.3M
$-5.8M
Free Cash FlowOCF − Capex
$60.1M
$-7.8M
FCF MarginFCF / Revenue
27.0%
-5.5%
Capex IntensityCapex / Revenue
1.0%
1.4%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$236.7M
$-41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
PRPL
PRPL
Q4 25
$62.3M
$-5.8M
Q3 25
$63.5M
$-968.0K
Q2 25
$58.6M
$-4.0M
Q1 25
$58.0M
$-23.1M
Q4 24
$41.4M
$6.8M
Q3 24
$42.3M
$1.1M
Q2 24
$36.3M
$-8.9M
Q1 24
$40.6M
$-16.8M
Free Cash Flow
FRSH
FRSH
PRPL
PRPL
Q4 25
$60.1M
$-7.8M
Q3 25
$61.7M
$-1.8M
Q2 25
$58.2M
$-7.0M
Q1 25
$56.7M
$-25.3M
Q4 24
$36.3M
$5.7M
Q3 24
$41.3M
$101.0K
Q2 24
$34.0M
$-11.0M
Q1 24
$39.9M
$-19.9M
FCF Margin
FRSH
FRSH
PRPL
PRPL
Q4 25
27.0%
-5.5%
Q3 25
28.7%
-1.5%
Q2 25
28.4%
-6.6%
Q1 25
28.9%
-24.3%
Q4 24
18.7%
4.4%
Q3 24
22.1%
0.1%
Q2 24
19.5%
-9.2%
Q1 24
24.1%
-16.5%
Capex Intensity
FRSH
FRSH
PRPL
PRPL
Q4 25
1.0%
1.4%
Q3 25
0.8%
0.7%
Q2 25
0.2%
2.8%
Q1 25
0.7%
2.2%
Q4 24
2.6%
0.8%
Q3 24
0.6%
0.9%
Q2 24
1.3%
1.7%
Q1 24
0.4%
2.5%
Cash Conversion
FRSH
FRSH
PRPL
PRPL
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-330.22×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRSH
FRSH

Subscription Services Software Licenses And Maintenance$220.2M99%
Professional Services$2.5M1%

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

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