India, Nov. 4 -- Nasdaq-listed SaaS company Freshworks swung to a consolidated net profit of $18.3 Mn in the third quarter of 2026 (Q3 2026) from a $4.7 Mn loss a year earlier, helped by higher revenue and lower operating expenses.

Revenue rose 14% to $245.4 Mn from $215.1 Mn in the corresponding quarter last year.

Sequentially, revenue increased 3.4% from $237.4 Mn, while net profit rose from $3.2 Mn.

The company's operating expenses declined 4.4% to $181.2 Mn from $189.6 Mn. General and administrative expenses fell to $38.2 Mn from $47.1 Mn, while stock-based compensation dropped to $38.8 Mn from $48.5 Mn.

Enterprise Push Gains Traction

CEO Dennis Woodside said Freshworks' strategy of targeting larger customers supported its quarte...