Freshworks board authorizes stock repurchase program of up to $400M

Freshworks (FRSH) announced that its Board of Directors authorized a stock repurchase program of up to $400 million of the company’s outstanding Class A common stock. “This follow-on share repurchase program demonstrates our confidence in the Company’s long-term strategy, durable growth and dedication to disciplined capital allocation,” stated Dennis Woodside, CEO & President. “In addition to achieving GAAP profitability in 2025, we generated over $223M in free cash flow and $0.76 per weighted average diluted share, both nearly tripling from 2023. With this program we plan to repurchase shares that we believe the market substantially undervalues, while retaining sufficient cash to invest in future top line and bottom line growth.”