The Filing Desk

Freshworks vs LiveRamp

Freshworks FRSH · LiveRamp RAMP · Application Software

Freshworks reported revenue of $839 million in fiscal 2025, about the same as LiveRamp's $813 million in fiscal 2026. Freshworks' revenue grew 16.4% in its latest year, and LiveRamp's grew 9.0%. Freshworks had an operating margin of 1.6%, against 10.3% at LiveRamp. Free cash flow was $237 million at Freshworks and $166 million at LiveRamp. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.

Side by side

FreshworksLiveRamp
Latest fiscal yearFY2025, Dec 31, 2025FY2026, Mar 31, 2026
Revenue$839M$813M
Revenue growth16.4%9.0%
Revenue growth a year, last 5 years27.4%12.9%
Gross margin85.0%70.7%
Operating margin1.6%10.3%
Net margin21.9%17.9%
Free cash flow$237M$166M
Free cash flow margin28.2%20.5%
Return on capital—15.0%
Net debt to EBITDA—−4.0x
Dividends and buybacks$386M$194M
Change in diluted share count−2.4%−1.6%
Last close$12.11$38.50
P/E at the last close16.8×15.9×
Insider trades, last 12 monthsbought $5.0 million, sold $1.5 millionsold $169,866
Piotroski F-score—6 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
FreshworksLiveRamp
Operating margin
Percent of revenue
FreshworksLiveRamp
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FreshworksLiveRamp

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Freshworks and LiveRamp pages.