FRSH on Nasdaq

Freshworks Inc.

American prepackaged software services company based in San Mateo1

In its 2026 annual report the company says: “We provide people-first AI service software that organizations use to deliver exceptional employee and customer experiences. Our AI offerings, which include Freddy AI Agents, Freddy AI Copilot and Freddy AI Insights, further enhance the employee and customer experience and are designed to boost productivity. Our enterprise-grade solutions are powerful, yet easy to use, and quick to deliver results.”5 Its shares trade on Nasdaq under the symbol FRSH.1

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Last updated Oct 21, 2026.

Overview

$838.8MRevenue, fiscal 20252
$183.7MNet income, fiscal 20252

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  • TickerFRSH on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersSan Mateo, California1
  • Incorporated inDE3
  • Business address2950 S. Delaware St., Suite 201, San Mateo, Ca 944033
  • Filer categoryLarge accelerated filer3

We provide people-first AI service software that organizations use to deliver exceptional employee and customer experiences. Our employee experience (EX) products include Freshservice, Freshservice for Business Teams, Device42 and FireHydrant. Our customer experience (CX) products include our Freshdesk suite of products. Our AI offerings, which include Freddy AI Agents, Freddy AI Copilot and Freddy AI Insights, further enhance the employee and customer experience and are designed to boost productivity. Currently, nearly 75,000 companies use Freshworks' uncomplicated solutions to increase employee efficiency and customer loyalty.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

85.0%Gross margin2
1.6%Operating margin2
21.9%Net margin2
16.4%Revenue growth, 20252
17.8%Return on equity2
$236.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue15¢$126.1M
  • Research and development19¢$163.2M
  • Other costs28¢$235.3M
  • Income tax16¢$130.4M
  • Profit22¢$183.7M

Out of $838.8M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$5.7M
  • Share buybacks99¢$386.3M

Out of $242.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue67892$838.8M in 2025+387% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $172.4M$172.4M20192020: $249.7M$249.7M2020+45%2021: $371.0M$371.0M2021+49%2022: $498.0M$498.0M2022+34%2023: $596.4M$596.4M2023+20%2024: $720.4M$720.4M2024+21%2025: $838.8M$838.8M2025+16%
Gross profit67892$712.7M in 2025+424% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $135.9M$135.9M20192020: $197.2M$197.2M2020+45%2021: $293.0M$293.0M2021+49%2022: $402.2M$402.2M2022+37%2023: $493.1M$493.1M2023+23%2024: $607.1M$607.1M2024+23%2025: $712.7M$712.7M2025+17%
Operating income67892$13.2M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$29.7M-$29.7M20192020: -$56.1M-$56.1M2020+89%2021: -$204.8M-$204.8M2021+265%2022: -$233.4M-$233.4M2022+14%2023: -$170.2M-$170.2M2023−27%2024: -$138.6M-$138.6M2024−19%2025: $13.2M$13.2M2025
Net income67892$183.7M in 2025
-$400.0M-$200.0M0$200.0M2019: -$31.1M-$31.1M20192020: -$57.3M-$57.3M2020+84%2021: -$192.0M-$192.0M2021+235%2022: -$232.1M-$232.1M2022+21%2023: -$137.4M-$137.4M2023−41%2024: -$95.4M-$95.4M2024−31%2025: $183.7M$183.7M2025
Fiscal year20182019202020212022202320242025
Revenue$172.4M6$249.7M7$371.0M8$498.0M9$596.4M2$720.4M2$838.8M2
Cost of revenue$36.5M6$52.5M7$78.0M8$95.8M9$103.4M9$113.3M9$126.1M2
Gross profit$135.9M6$197.2M7$293.0M8$402.2M9$493.1M2$607.1M2$712.7M2
Research and development$38.6M6$69.2M7$120.4M8$135.5M9$137.8M2$164.6M2$163.2M2
Operating expenses$497.8M8$635.6M9$663.2M2$745.7M2$699.5M2
Operating income-$29.7M6-$56.1M7-$204.8M8-$233.4M9-$170.2M2-$138.6M2$13.2M2
Income before tax-$181.5M8-$220.8M9-$123.8M2-$90.8M2$53.3M2
Income tax$3.6M6$4.0M7$10.5M8$11.3M9$13.7M2$4.5M2-$130.4M2
Net income-$31.1M6-$57.3M7-$192.0M8-$232.1M9-$137.4M2-$95.4M2$183.7M2
Earnings per share-$8.216-$21.037-$21.738-$0.829-$0.472-$0.322$0.632
Earnings per share (diluted)-$8.216-$21.037-$21.738-$0.829-$0.472-$0.322$0.632
Shares (weighted, basic)130.7M shares8284.6M shares9293.1M shares2300.8M shares2291.1M shares2
Shares (weighted, diluted)130.7M shares8284.6M shares9293.1M shares2300.8M shares2293.8M shares2

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Corporate structure

Freshworks Inc. sits at the top of its group. 6 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Freshworks Inc.

  • Freshworks Inc. San Mateo, California
    • Freshworks Australia Pty Ltd Subsidiary · Australia
    • Freshworks Technologies B.V. Subsidiary · Netherlands
    • Freshworks Technologies Private Limited Subsidiary · India
    • Freshworks Technologies UK Limited Subsidiary · United Kingdom
    • Natero Ireland Limited Subsidiary · Ireland

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Freshworks Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$99.0M2 Dec 31, 2025$79.0M2 Dec 31, 2024+25.4%
Accumulated depreciation$60.2M2 Dec 31, 2025$53.1M2 Dec 31, 2024+13.4%
Property and equipment, net$38.8M2 Dec 31, 2025$25.9M2 Dec 31, 2024+50.0%
Operating-lease assets (leased space)$39.9M2 Dec 31, 2025$36.9M2 Dec 31, 2024+8.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$569.8M2 Dec 31, 2025$620.3M2 Dec 31, 2024−8.1%
Marketable securities, current$211.6M2 Dec 31, 2025$449.8M2 Dec 31, 2024−53.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$146.7M2 Dec 31, 2025$147.0M2 Dec 31, 2024−0.2%
Intangible assets, net (excluding goodwill)$77.0M2 Dec 31, 2025$90.8M2 Dec 31, 2024−15.3%
Finite-lived intangibles, gross$111.1M2 Dec 31, 2025$111.1M2 Dec 31, 20240%
Accumulated amortization$34.1M2 Dec 31, 2025$20.3M2 Dec 31, 2024+68.4%
Finite-lived intangibles, net$77.0M2 Dec 31, 2025$90.8M2 Dec 31, 2024−15.3%

Properties, in its own words

Our headquarters office is located in San Mateo, California, where we lease more than 55,000 square feet under a lease that expires in July 2031. We also maintain additional offices in the United States and internationally. In the United States we have additional offices in Denver and Seattle. In India we have our principal engineering facility in Chennai, as well as offices in Bangalore and Hyderabad. Outside of US and India we have offices located in London, United Kingdom; Paris, France; Berlin, Germany; Utrecht, Netherlands; and Sydney, Australia. These offices are all leased and we do not own any real property. We may continue to open up satellite offices in strategic locations to gain access to new talent markets and to facilitate business operations. We believe that the facilities we occupy are suitable to meet our current needs.

Item 2 of the 10-K filed Feb 26, 2026.5

Leadership

Who has led Freshworks Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Freshworks Australia Pty Ltd Australia4
  • Freshworks GmbH Germany4
  • Freshworks SAS France4
  • Freshworks Technologies B.V. Netherlands4
  • Freshworks Technologies Private Limited India4
  • Freshworks Technologies Pte. Ltd. Singapore4
  • Freshworks Technologies UK Limited United Kingdom4
  • Natero Ireland Limited Ireland4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • FreshDesk Inc.Mar 14, 2012 to Nov 16, 20163

Timeline

  1. Aug 4, 20268-K Results of operations; Exit or restructuring costs33
  2. Jul 28, 20268-K Other events34
  3. May 29, 20268-K Shareholder vote35
  4. May 14, 20268-K Regulation FD disclosure36
  5. May 5, 20268-K Results of operations; Exit or restructuring costs37
  6. Mar 5, 20268-K Executive or director change; Other events38
  7. Feb 26, 20268-K Other events39
  8. Feb 10, 20268-K Results of operations40
  9. Dec 19, 20258-K Executive or director change41
  10. Nov 5, 20258-K Results of operations42
  11. Sep 11, 20258-K Regulation FD disclosure43
  12. Sep 4, 20258-K Executive or director change44
  13. Jun 4, 2024New chief executive Dennis Woodside becomes CEO14
  14. Sep 21, 2021New chief executive Rathnagirish Mathrubootham becomes CEO15

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Nov 5, 2025.45

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results33
  2. May 5, 2026Reported quarterly or annual results37
  3. Feb 10, 2026Reported quarterly or annual results40
  4. Nov 5, 2025Reported quarterly or annual results42
  5. Jul 29, 2025Reported quarterly or annual results46
  6. Apr 29, 2025Reported quarterly or annual results47
  7. Feb 11, 2025Reported quarterly or annual results48
  8. Nov 6, 2024Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

883 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 661 insider forms, 46 large holders, 113 other. The latest 20:

  1. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  5. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 2, 20264 EDGAR
  9. Sep 4, 2026144 EDGAR
  10. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 14, 20263 PRIMARY DOCUMENT EDGAR
  15. Aug 7, 2026144 EDGAR
  16. Aug 4, 202610-Q EDGAR
  17. Aug 4, 20268-K EDGAR
  18. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 28, 20268-K EDGAR
  20. Jul 6, 20264 PRIMARY DOCUMENT EDGAR

The 883 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

273 open-market trades by officers, directors and large owners since October 2021: 37 buys and 236 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 2, 2026Lawrence PhilippaChief Accounting OfficerSale52,767$13.25$699.2KForm 4
Jul 6, 2026Lawrence PhilippaChief Accounting OfficerSale3,470$10.13$35.2KForm 4
Jul 2, 2026Taylor Jennifer HDirectorSale6,618$10.44$69.1KForm 4
Jul 1, 2026PADGETT BARRY L.DirectorSale6,618$10.49$69.4KForm 4
Jun 17, 2026Lawrence PhilippaChief Accounting OfficerSale10,530$9.18$96.7KForm 4
Mar 4, 2026Yamamoto MikaChief Integr Cust Growth OffcrSale32,577$8.45$275.3KForm 4
Mar 2, 2026Woodside DennisCEO & PresidentBuy125,000$7.95$993.8KForm 4
Jan 6, 2026Lawrence PhilippaChief Accounting OfficerSale765$11.61$8.9KForm 4
Dec 5, 2025Yamamoto MikaChief Integr Cust Growth OffcrSale15,012$13.00$195.2KForm 4
Dec 2, 2025Lawrence PhilippaChief Accounting OfficerSale5,846$12.06$70.5KForm 4
Nov 17, 2025Lawrence PhilippaChief Accounting OfficerSale644$12.05$7.8KForm 4
Nov 11, 2025Sloat TylerChief Financial & Oper OfficerBuy171,615$11.62$2.0MForm 4
Nov 10, 2025Woodside DennisCEO & PresidentBuy176,100$11.31$2.0MForm 4
Oct 6, 2025Lawrence PhilippaChief Accounting OfficerSale866$11.45$9.9KForm 4
Sep 15, 2025Lawrence PhilippaChief Accounting OfficerSale2,590$12.53$32.5KForm 4
Sep 11, 2025Taylor Jennifer HDirectorSale4,685$12.96$60.7KForm 4
Sep 4, 2025Yamamoto MikaChief Integr Cust Growth OffcrSale715$13.00$9.3KForm 4
Sep 2, 2025NELSON ZACHARYDirectorSale8,433$13.14$110.8KForm 4
Sep 2, 2025Yamamoto MikaChief Integr Cust Growth OffcrSale4,289$13.18$56.5KForm 4
Sep 2, 2025PADGETT BARRY L.DirectorSale780$13.13$10.2KForm 4

All 273 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dennis Woodside57$629.2K$15.6M65
2025Tyler Sloat52$505.0K$6.9M65
2025Mika Yamamoto$436.7K$5.8M65
2025Rathna Girish Mathrubootham$552.3K$553.8K65
2024Former ExecutiveChairman$575.0K$18.9M65
2024Chief Executive Officer and President$537.5K$15.0M65
2024Chief Operating Officer and Chief Financial Officer$465.0K$10.1M65
2024Former Chief Customer and Marketing Officer$420.0K$3.9M65
2023Former Chief Customer and Marketing Officer$49.3K$8.1M65
2023Chief Operating Officer and Chief Financial Officer$420.0K$5.3M65
2023Chief Executive Officer and President$500.0K$962.2K65
2023Former ExecutiveChairman$500.0K$962.2K65

SEC filer profile

How Freshworks Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFreshworks Inc.1
  • CIK0001544522
  • Employer ID (EIN)33-12188255
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address2950 S. Delaware St., Suite 201, San Mateo, CA 944031
  • Phone(650) 513-05141
  • Shares outstanding249,087,203 Common Class A shares; 35,047,987 Common Class B shares as of Feb 23, 20265
  • Public float$3.1B as of Jun 30, 20255
  • AuditorDeloitte & Touche LLP, San Jose, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMar 14, 20121
  • Filings939 in all: 4 (649), 144 (84), 8-K (44), 3 (26), SC 13G/A (19), 10-Q (15), SC 13G (14), S-8 (9)1
    All 33 form types

    4/A (8), D (8), UPLOAD (7), CORRESP (6), DEFA14A (6), 10-K (5), DEF 14A (5), ARS (4), SC 13D/A (4), SCHEDULE 13G/A (4), DRS/A (3), DRSLTR (3), S-1/A (3), SCHEDULE 13D/A (2), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEFR14A (1), DRS (1), EFFECT (1), S-1 (1), SC 13D (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.00001 per shareFRSHThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Freshworks Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 63 risks under these headings, as written.5

  • Risks Related to Our Business
  • Although we recently generated net income, we have a history of losses and we may not be able to sustain profitability.
  • We have experienced significant growth in recent periods and our recent growth rates may not be indicative of our future growth.
  • We have a limited operating history at our current scale, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • Macroeconomic uncertainties, including inflationary pressures, rising interest rates, supply chain disruptions, labor market volatility, geopolitical tensions, and recession risks, have in the past adversely affected and may continue to adversely affect our business, future results of operations, and financial condition.
  • Our quarterly results have and may continue to fluctuate significantly and may not meet our expectations or those of investors or securities analysts.
  • Sales efforts to large customers involve risks that may not be present or that are present to a lesser extent with respect to sales to smaller organizations.
  • If we are unable to attract new customers, convert customers using our trial versions into paying customers, and expand usage of our products within or across organizations, our revenue growth would be harmed.
  • Our ability to attract new customers and increase revenue from existing customers depends on our ability to develop new features, integrations, capabilities, and enhancements, and to partner with third parties to design complementary products.
  • Our business depends on a strong brand, and if we are not able to maintain and enhance our brand, our ability to attract and expand our base of customers may be impaired, and our business and results of operations will be harmed.
  • Our business depends substantially on our customers renewing their subscriptions and purchasing additional subscriptions from us. Any decline in our customer retention would harm our future operating results.
  • We use generative and agentic artificial intelligence, including in certain of our products and services, which may result in operational challenges, legal liability, reputational concerns and other negative consequences that could adversely affect our business and results of operations.
The other 52 risks
  • We operate in a highly competitive industry, and competition presents an ongoing threat to the success of our business.
  • We track certain key business metrics, which are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and materially adversely affect our stock price, business, results of operations, and financial condition.
  • We believe our long-term value as a company will be greater if we focus on growth, which may negatively impact our profitability.
  • We recognize revenue from subscriptions over the term of our customer contracts. Consequently, downturns or upturns in new sales may not be immediately reflected in our operating results and may be difficult to discern.
  • Failure to effectively develop and expand our direct sales capabilities would harm our ability to expand usage of our products within our customer base and achieve broader market acceptance of our products.
  • If we are unable to develop and maintain successful relationships with channel partners, our business, operating results, and financial condition could be adversely affected.
  • The failure to attract and retain additional qualified personnel could harm our business and prevent us from executing our business strategy and growth plans, and the steps we took recently to realign our workforce to our focused priorities may not have the expected benefits or may exacerbate these difficulties.
  • If our information technology, systems, or those of third parties with whom we work, or our data are or were to be compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions, litigation, fines and penalties, disruptions of our business operations, reputational harm, loss of revenue or profits, loss of customers or sales, and other adverse consequences.
  • If we fail to manage our technical operations infrastructure, or experience service outages, interruptions, or delays in the deployment of our products, our results of operations may be harmed.
  • If we are unable to ensure that our products interoperate with a variety of software applications that are developed by others, including our integration partners, we may become less competitive and our business, results of operations, and financial condition may be harmed.
  • We rely on search engines, including traditional web search and emerging AI-powered platforms, to drive traffic to our websites, and changes in these platforms could adversely affect our business.
  • We rely on third parties maintaining open digital marketplaces to distribute our mobile applications for our products. If such third parties interfere with the distribution of our mobile applications, our business would be adversely affected.
  • Real or perceived errors, failures, vulnerabilities, or bugs in our products would harm our business, results of operations, and financial condition.
  • If we experience excessive fraudulent activity, we could incur substantial costs and lose the right to accept credit cards for payment, which could cause our customer base to decline significantly.
  • We employ a pricing model that subjects us to various challenges that could make it difficult for us to derive sufficient value from our customers particularly because we do not have the history with our subscription or pricing models that we need to accurately predict optimal pricing necessary to attract and retain customers.
  • We face exposure to foreign currency exchange rate fluctuations.
  • We derive, and expect to continue to derive, substantially all of our revenue from a limited number of products.
  • If we fail to offer high-quality customer support, our business and reputation will suffer.
  • We and the third parties with whom we work are subject to stringent and evolving global data privacy and security laws, regulations, contractual obligations, industry standards, and other obligations relating to data privacy or security. Our actual or perceived failure (or that of the third parties with whom we work) to comply with these requirements could result in regulatory investigations, litigation, fines, business disruptions, reputational harm, loss of customers or revenue, and other adverse consequences.
  • Risks Related to International Operations
  • Our international operations and sales to customers outside the United States expose us to risks inherent in international operations and sales.
  • We are subject to anti-corruption, anti-bribery, and similar laws, and our failure to comply with these laws could subject us to criminal penalties or significant fines and harm our business and reputation.
  • A substantial portion of our business and operations are located in India, and we are subject to regulatory, economic, social, and policy uncertainties in India. Non-compliance with and changes in such laws may adversely affect our business, results of operations, and financial condition.
  • We are subject to complex and evolving export control, import, and trade sanctions laws that could impair our ability to compete internationally, result in significant penalties, and adversely affect our business and results of operations.
  • Restrictive changes to immigration laws may hamper our growth.
  • Government regulation on e-commerce and foreign investment, including investment in e-commerce in India, is evolving, and unfavorable changes to, or failure by us to comply with, these evolving regulations could adversely affect our business, financial condition, and results of operations.
  • Risks Related to Intellectual Property
  • We face risks from intellectual property infringement claims and other litigation that could result in significant costs, operational restrictions, and material adverse effects on our business and results of operations.
  • If we are unable to protect our intellectual property rights both in the United States and abroad, the value of our brand and other intangible assets may be diminished, and our business may be adversely affected.
  • Our use of “open source” and third-party software could impose unanticipated conditions or restrictions on our ability to commercialize our products and could subject us to possible litigation.
  • Risks Related to Tax Matters
  • Our business, results of operations, and financial condition may be harmed if we are required to collect sales or other related taxes for subscriptions to our products in jurisdictions where we have not historically done so.
  • Our ability to utilize net operating loss carryforwards and other tax attributes to offset taxable income may be limited by ownership changes, evolving tax laws, and utilization restrictions, which could increase our future tax obligations and adversely affect our results of operations.
  • Our international operations may subject us to potential adverse tax consequences.
  • Changes in India's taxation system could adversely affect our business, financial condition, and results of operations due to the complex and evolving nature of central and state tax regimes.
  • Our ability to receive dividends and other payouts from our Indian subsidiary is subject to Indian legal restrictions and withholding tax.
  • Risks Related to Ownership of Our Class A Common Stock
  • The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment.
  • The dual class structure of our common stock has the effect of concentrating voting control with those stockholders who held our stock prior to our initial public offering, including our executive officers, employees, and directors and their affiliates, and limiting your ability to influence corporate matters, which could adversely affect the trading price of our Class A common stock.
  • Additional stock issuances could result in significant dilution to our stockholders.
  • Our stock repurchase programs subject us to various risks that could materially and adversely affect our business, financial condition, results of operations, and stock price. These risks include market timing and valuation uncertainties, impacts on key financial metrics, liquidity constraints, regulatory limitations, conflicts with strategic objectives, adverse market perceptions, and execution challenges.
  • Substantial future sales of shares of our Class A common stock by existing holders in the public market could cause the market price of our Class A common stock to decline.
  • Our Class A common stock market price and trading volume could decline if securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business.
  • We incur and will continue to incur costs and demands upon management as a result of complying with the laws and regulations affecting public companies in the United States, which may harm our business.
  • General Risks
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • A failure to maintain an effective system of disclosure controls and internal control over financial reporting, could adversely affect our ability to produce timely and accurate financial statements or comply with applicable regulations.
  • We are currently planning and designing information systems enhancements, and problems with the design or implementation of these enhancements could interfere with our business and operations.
  • We have in the past and may in the future engage in merger and acquisition activities, which require significant management attention, and could disrupt our business, dilute stockholder value, and adversely affect our business, results of operations, and financial condition.
  • Increased government scrutiny of the technology industry could negatively affect our business.
  • We may need additional capital, and we cannot be sure that additional financing will be available.
  • We do not intend to pay dividends for the foreseeable future.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and, to the extent enforceable, the federal district courts of the United States of America will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • Provisions in our corporate charter documents and under Delaware law may prevent or frustrate attempts by our stockholders to change our management or hinder efforts to acquire a controlling interest in us, and the market price of our Class A common stock may be lower as a result.
  • Catastrophic events, including climate change, natural disasters and other events beyond our control, may disrupt our business.
  • Failure to effectively and efficiently address ESG matters could adversely impact us.

Legal proceedings

The information required to be set forth under this Item 3 is incorporated by reference to Note 9—Commitments and Contingencies — Litigation and Loss Contingencies in the notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.5

Sources

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