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Side-by-side financial comparison of Freshworks Inc. (FRSH) and Bio-Techne (TECH). Click either name above to swap in a different company.
Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $222.7M, roughly 1.3× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 12.8%, a 73.1% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -6.4%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 4.2%).
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.
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
FRSH vs TECH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $295.9M |
| Net Profit | $191.4M | $38.0M |
| Gross Margin | 85.6% | 64.6% |
| Operating Margin | 17.8% | 18.4% |
| Net Margin | 86.0% | 12.8% |
| Revenue YoY | 14.5% | -6.4% |
| Net Profit YoY | 974.2% | 68.3% |
| EPS (diluted) | $0.66 | $0.24 |
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 | $295.9M | ||
| Q3 25 | $215.1M | — | ||
| Q2 25 | $204.7M | $317.0M | ||
| Q1 25 | $196.3M | $316.2M | ||
| Q4 24 | $194.6M | $297.0M | ||
| Q3 24 | $186.6M | $289.5M | ||
| Q2 24 | $174.1M | $306.1M | ||
| Q1 24 | $165.1M | $303.4M |
| Q4 25 | $191.4M | $38.0M | ||
| Q3 25 | $-4.7M | — | ||
| Q2 25 | $-1.7M | $-17.7M | ||
| Q1 25 | $-1.3M | $22.6M | ||
| Q4 24 | $-21.9M | $34.9M | ||
| Q3 24 | $-30.0M | $33.6M | ||
| Q2 24 | $-20.2M | $40.6M | ||
| Q1 24 | $-23.3M | $49.1M |
| Q4 25 | 85.6% | 64.6% | ||
| Q3 25 | 84.7% | — | ||
| Q2 25 | 84.8% | 62.7% | ||
| Q1 25 | 84.8% | 67.9% | ||
| Q4 24 | 84.9% | 65.3% | ||
| Q3 24 | 84.0% | 63.2% | ||
| Q2 24 | 83.8% | 66.4% | ||
| Q1 24 | 84.3% | 67.4% |
| Q4 25 | 17.8% | 18.4% | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | -4.2% | -7.5% | ||
| Q1 25 | -5.3% | 12.2% | ||
| Q4 24 | -12.2% | 16.0% | ||
| Q3 24 | -20.8% | 13.8% | ||
| Q2 24 | -25.1% | 15.0% | ||
| Q1 24 | -19.5% | 22.1% |
| Q4 25 | 86.0% | 12.8% | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | -0.8% | -5.6% | ||
| Q1 25 | -0.7% | 7.1% | ||
| Q4 24 | -11.3% | 11.7% | ||
| Q3 24 | -16.1% | 11.6% | ||
| Q2 24 | -11.6% | 13.3% | ||
| Q1 24 | -14.1% | 16.2% |
| Q4 25 | $0.66 | $0.24 | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.01 | $-0.11 | ||
| Q1 25 | $0.00 | $0.14 | ||
| Q4 24 | $-0.07 | $0.22 | ||
| Q3 24 | $-0.10 | $0.21 | ||
| Q2 24 | $-0.07 | $0.26 | ||
| Q1 24 | $-0.08 | $0.31 |
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 | $172.9M |
| Total DebtLower is stronger | — | $260.0M |
| Stockholders' EquityBook value | $1.0B | $2.0B |
| Total Assets | $1.6B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $172.9M | ||
| Q3 25 | $813.2M | — | ||
| Q2 25 | $926.2M | $162.2M | ||
| Q1 25 | $995.3M | $140.7M | ||
| Q4 24 | $1.1B | $177.5M | ||
| Q3 24 | $1.1B | $187.5M | ||
| Q2 24 | $1.0B | $152.9M | ||
| Q1 24 | $1.2B | $145.3M |
| Q4 25 | — | $260.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $346.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $300.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $319.0M | ||
| Q1 24 | — | $389.0M |
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $851.5M | — | ||
| Q2 25 | $984.6M | $1.9B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.1B | $2.0B |
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.5B | $2.7B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $60.1M | — |
| FCF MarginFCF / Revenue | 27.0% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | — | ||
| Q3 25 | $63.5M | — | ||
| Q2 25 | $58.6M | $98.2M | ||
| Q1 25 | $58.0M | $41.1M | ||
| Q4 24 | $41.4M | $84.3M | ||
| Q3 24 | $42.3M | $63.9M | ||
| Q2 24 | $36.3M | $75.5M | ||
| Q1 24 | $40.6M | $81.0M |
| Q4 25 | $60.1M | — | ||
| Q3 25 | $61.7M | — | ||
| Q2 25 | $58.2M | $93.3M | ||
| Q1 25 | $56.7M | $31.0M | ||
| Q4 24 | $36.3M | $77.5M | ||
| Q3 24 | $41.3M | $54.7M | ||
| Q2 24 | $34.0M | $57.5M | ||
| Q1 24 | $39.9M | $64.5M |
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.4% | 29.4% | ||
| Q1 25 | 28.9% | 9.8% | ||
| Q4 24 | 18.7% | 26.1% | ||
| Q3 24 | 22.1% | 18.9% | ||
| Q2 24 | 19.5% | 18.8% | ||
| Q1 24 | 24.1% | 21.3% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.7% | 3.2% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | 0.6% | 3.2% | ||
| Q2 24 | 1.3% | 5.9% | ||
| Q1 24 | 0.4% | 5.4% |
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.65× |
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% |
TECH
| Diagnostics And Spatial Biology | $81.2M | 27% |
| EMEA Excluding UK | $75.4M | 25% |
| Other | $42.4M | 14% |
| Instruments | $29.6M | 10% |
| APAC Excluding Greater China | $22.7M | 8% |
| Services | $22.3M | 8% |
| GB | $13.7M | 5% |
| Royalty | $8.5M | 3% |
