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

Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $222.7M, roughly 1.5× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 5.7%, a 80.2% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs 10.4%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-13.3M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 9.5%).

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.

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

FRSH vs RVLV — Head-to-Head

Bigger by revenue
RVLV
RVLV
1.5× larger
RVLV
$324.4M
$222.7M
FRSH
Growing faster (revenue YoY)
FRSH
FRSH
+4.0% gap
FRSH
14.5%
10.4%
RVLV
Higher net margin
FRSH
FRSH
80.2% more per $
FRSH
86.0%
5.7%
RVLV
More free cash flow
FRSH
FRSH
$73.4M more FCF
FRSH
$60.1M
$-13.3M
RVLV
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
9.5%
RVLV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRSH
FRSH
RVLV
RVLV
Revenue
$222.7M
$324.4M
Net Profit
$191.4M
$18.6M
Gross Margin
85.6%
53.3%
Operating Margin
17.8%
6.3%
Net Margin
86.0%
5.7%
Revenue YoY
14.5%
10.4%
Net Profit YoY
974.2%
50.4%
EPS (diluted)
$0.66
$0.27

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
RVLV
RVLV
Q4 25
$222.7M
$324.4M
Q3 25
$215.1M
$295.6M
Q2 25
$204.7M
$309.0M
Q1 25
$196.3M
$296.7M
Q4 24
$194.6M
$293.7M
Q3 24
$186.6M
$283.1M
Q2 24
$174.1M
$282.5M
Q1 24
$165.1M
$270.6M
Net Profit
FRSH
FRSH
RVLV
RVLV
Q4 25
$191.4M
$18.6M
Q3 25
$-4.7M
$21.2M
Q2 25
$-1.7M
$10.2M
Q1 25
$-1.3M
$11.8M
Q4 24
$-21.9M
$12.3M
Q3 24
$-30.0M
$11.0M
Q2 24
$-20.2M
$15.4M
Q1 24
$-23.3M
$10.9M
Gross Margin
FRSH
FRSH
RVLV
RVLV
Q4 25
85.6%
53.3%
Q3 25
84.7%
54.6%
Q2 25
84.8%
54.1%
Q1 25
84.8%
52.0%
Q4 24
84.9%
52.5%
Q3 24
84.0%
51.2%
Q2 24
83.8%
54.0%
Q1 24
84.3%
52.3%
Operating Margin
FRSH
FRSH
RVLV
RVLV
Q4 25
17.8%
6.3%
Q3 25
-3.5%
7.1%
Q2 25
-4.2%
5.8%
Q1 25
-5.3%
5.0%
Q4 24
-12.2%
3.9%
Q3 24
-20.8%
5.0%
Q2 24
-25.1%
5.8%
Q1 24
-19.5%
3.4%
Net Margin
FRSH
FRSH
RVLV
RVLV
Q4 25
86.0%
5.7%
Q3 25
-2.2%
7.2%
Q2 25
-0.8%
3.3%
Q1 25
-0.7%
4.0%
Q4 24
-11.3%
4.2%
Q3 24
-16.1%
3.9%
Q2 24
-11.6%
5.4%
Q1 24
-14.1%
4.0%
EPS (diluted)
FRSH
FRSH
RVLV
RVLV
Q4 25
$0.66
$0.27
Q3 25
$-0.02
$0.29
Q2 25
$-0.01
$0.14
Q1 25
$0.00
$0.16
Q4 24
$-0.07
$0.18
Q3 24
$-0.10
$0.15
Q2 24
$-0.07
$0.21
Q1 24
$-0.08
$0.15

Balance Sheet & Financial Strength

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

Metric
FRSH
FRSH
RVLV
RVLV
Cash + ST InvestmentsLiquidity on hand
$781.4M
$292.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$512.5M
Total Assets
$1.6B
$765.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
RVLV
RVLV
Q4 25
$781.4M
$292.3M
Q3 25
$813.2M
$315.4M
Q2 25
$926.2M
$310.7M
Q1 25
$995.3M
$300.8M
Q4 24
$1.1B
$256.6M
Q3 24
$1.1B
$252.8M
Q2 24
$1.0B
$244.7M
Q1 24
$1.2B
$273.4M
Stockholders' Equity
FRSH
FRSH
RVLV
RVLV
Q4 25
$1.0B
$512.5M
Q3 25
$851.5M
$490.2M
Q2 25
$984.6M
$468.6M
Q1 25
$1.1B
$453.4M
Q4 24
$1.1B
$437.8M
Q3 24
$1.1B
$420.8M
Q2 24
$1.1B
$405.8M
Q1 24
$1.1B
$389.9M
Total Assets
FRSH
FRSH
RVLV
RVLV
Q4 25
$1.6B
$765.0M
Q3 25
$1.4B
$751.3M
Q2 25
$1.5B
$722.9M
Q1 25
$1.5B
$713.9M
Q4 24
$1.6B
$665.5M
Q3 24
$1.6B
$670.9M
Q2 24
$1.5B
$657.8M
Q1 24
$1.5B
$650.0M

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
RVLV
RVLV
Operating Cash FlowLast quarter
$62.3M
$-10.2M
Free Cash FlowOCF − Capex
$60.1M
$-13.3M
FCF MarginFCF / Revenue
27.0%
-4.1%
Capex IntensityCapex / Revenue
1.0%
1.0%
Cash ConversionOCF / Net Profit
0.33×
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$236.7M
$48.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
RVLV
RVLV
Q4 25
$62.3M
$-10.2M
Q3 25
$63.5M
$11.8M
Q2 25
$58.6M
$12.6M
Q1 25
$58.0M
$45.1M
Q4 24
$41.4M
$3.9M
Q3 24
$42.3M
$9.1M
Q2 24
$36.3M
$-24.7M
Q1 24
$40.6M
$38.4M
Free Cash Flow
FRSH
FRSH
RVLV
RVLV
Q4 25
$60.1M
$-13.3M
Q3 25
$61.7M
$7.5M
Q2 25
$58.2M
$10.4M
Q1 25
$56.7M
$43.4M
Q4 24
$36.3M
$2.1M
Q3 24
$41.3M
$8.0M
Q2 24
$34.0M
$-25.7M
Q1 24
$39.9M
$36.7M
FCF Margin
FRSH
FRSH
RVLV
RVLV
Q4 25
27.0%
-4.1%
Q3 25
28.7%
2.5%
Q2 25
28.4%
3.4%
Q1 25
28.9%
14.6%
Q4 24
18.7%
0.7%
Q3 24
22.1%
2.8%
Q2 24
19.5%
-9.1%
Q1 24
24.1%
13.5%
Capex Intensity
FRSH
FRSH
RVLV
RVLV
Q4 25
1.0%
1.0%
Q3 25
0.8%
1.5%
Q2 25
0.2%
0.7%
Q1 25
0.7%
0.6%
Q4 24
2.6%
0.6%
Q3 24
0.6%
0.4%
Q2 24
1.3%
0.4%
Q1 24
0.4%
0.6%
Cash Conversion
FRSH
FRSH
RVLV
RVLV
Q4 25
0.33×
-0.55×
Q3 25
0.56×
Q2 25
1.24×
Q1 25
3.82×
Q4 24
0.32×
Q3 24
0.83×
Q2 24
-1.60×
Q1 24
3.53×

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%

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

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