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Side-by-side financial comparison of Freshworks Inc. (FRSH) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $208.0M, roughly 1.1× VIRTUS INVESTMENT PARTNERS, INC.). Freshworks Inc. runs the higher net margin — 86.0% vs 16.3%, a 69.7% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -10.9%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-74.1M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
FRSH vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $208.0M |
| Net Profit | $191.4M | $33.9M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 19.1% |
| Net Margin | 86.0% | 16.3% |
| Revenue YoY | 14.5% | -10.9% |
| Net Profit YoY | 974.2% | -14.2% |
| EPS (diluted) | $0.66 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $215.1M | $216.4M | ||
| Q2 25 | $204.7M | $210.5M | ||
| Q1 25 | $196.3M | $217.9M | ||
| Q4 24 | $194.6M | $233.5M | ||
| Q3 24 | $186.6M | $227.0M | ||
| Q2 24 | $174.1M | $224.4M | ||
| Q1 24 | $165.1M | $222.0M |
| Q4 25 | $191.4M | $33.9M | ||
| Q3 25 | $-4.7M | $31.3M | ||
| Q2 25 | $-1.7M | $42.7M | ||
| Q1 25 | $-1.3M | $28.1M | ||
| Q4 24 | $-21.9M | $39.5M | ||
| Q3 24 | $-30.0M | $49.1M | ||
| Q2 24 | $-20.2M | $26.0M | ||
| Q1 24 | $-23.3M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | -3.5% | 21.7% | ||
| Q2 25 | -4.2% | 21.5% | ||
| Q1 25 | -5.3% | 16.8% | ||
| Q4 24 | -12.2% | 21.7% | ||
| Q3 24 | -20.8% | 24.3% | ||
| Q2 24 | -25.1% | 19.7% | ||
| Q1 24 | -19.5% | 14.5% |
| Q4 25 | 86.0% | 16.3% | ||
| Q3 25 | -2.2% | 14.5% | ||
| Q2 25 | -0.8% | 20.3% | ||
| Q1 25 | -0.7% | 12.9% | ||
| Q4 24 | -11.3% | 16.9% | ||
| Q3 24 | -16.1% | 21.6% | ||
| Q2 24 | -11.6% | 11.6% | ||
| Q1 24 | -14.1% | 17.1% |
| Q4 25 | $0.66 | $5.15 | ||
| Q3 25 | $-0.02 | $4.65 | ||
| Q2 25 | $-0.01 | $6.12 | ||
| Q1 25 | $0.00 | $4.05 | ||
| Q4 24 | $-0.07 | $4.65 | ||
| Q3 24 | $-0.10 | $5.71 | ||
| Q2 24 | $-0.07 | $2.43 | ||
| Q1 24 | $-0.08 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $1.0B | $934.0M |
| Total Assets | $1.6B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | — | ||
| Q3 25 | $813.2M | — | ||
| Q2 25 | $926.2M | — | ||
| Q1 25 | $995.3M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $1.0B | $934.0M | ||
| Q3 25 | $851.5M | $918.7M | ||
| Q2 25 | $984.6M | $896.4M | ||
| Q1 25 | $1.1B | $893.7M | ||
| Q4 24 | $1.1B | $897.5M | ||
| Q3 24 | $1.1B | $889.0M | ||
| Q2 24 | $1.1B | $868.7M | ||
| Q1 24 | $1.1B | $871.7M |
| Q4 25 | $1.6B | $4.3B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.5B | $3.7B | ||
| Q4 24 | $1.6B | $4.0B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.5B | $3.6B | ||
| Q1 24 | $1.5B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $60.1M | $-74.1M |
| FCF MarginFCF / Revenue | 27.0% | -35.6% |
| Capex IntensityCapex / Revenue | 1.0% | 3.3% |
| Cash ConversionOCF / Net Profit | 0.33× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $-67.2M | ||
| Q3 25 | $63.5M | $108.3M | ||
| Q2 25 | $58.6M | $75.8M | ||
| Q1 25 | $58.0M | $-3.8M | ||
| Q4 24 | $41.4M | $1.8M | ||
| Q3 24 | $42.3M | $69.1M | ||
| Q2 24 | $36.3M | $70.0M | ||
| Q1 24 | $40.6M | $-34.5M |
| Q4 25 | $60.1M | $-74.1M | ||
| Q3 25 | $61.7M | $106.9M | ||
| Q2 25 | $58.2M | $74.2M | ||
| Q1 25 | $56.7M | $-6.8M | ||
| Q4 24 | $36.3M | $-3.8M | ||
| Q3 24 | $41.3M | $68.7M | ||
| Q2 24 | $34.0M | $68.6M | ||
| Q1 24 | $39.9M | $-36.5M |
| Q4 25 | 27.0% | -35.6% | ||
| Q3 25 | 28.7% | 49.4% | ||
| Q2 25 | 28.4% | 35.2% | ||
| Q1 25 | 28.9% | -3.1% | ||
| Q4 24 | 18.7% | -1.6% | ||
| Q3 24 | 22.1% | 30.3% | ||
| Q2 24 | 19.5% | 30.6% | ||
| Q1 24 | 24.1% | -16.4% |
| Q4 25 | 1.0% | 3.3% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 2.6% | 2.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 1.3% | 0.6% | ||
| Q1 24 | 0.4% | 0.9% |
| Q4 25 | 0.33× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
