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Complete financial analysis of Smartsheet Inc. (SMAR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Smartsheet Inc., a leading company in the Software – Application industry within the Technology sector.
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Smartsheet Inc. (SMAR)
About Smartsheet Inc.
Smartsheet Inc. provides cloud-based enterprise platform to plan, capture, manage, automate, and report on work for teams and organizations. The company offers Dashboards for real-time visibility into the status of work to align individuals, managers, and executives; Portals to locate and access from any device the resources available for a project without IT assistance; Cardview to organize, share, and act on workflows; and Grid to keep teams on task by tracking multiple moving parts. It also provides Reports that allow users to see and action their work in one centralized location; Projects, which offers interface with capabilities that foster collaboration among teams and organizations; Calendar that align teams and organizations by connecting deadlines to workflows; Forms to collect information in a structured and consistent format; Automated actions to automate repetitive processes; and Integrations to connect, sync, and extend existing enterprise applications across workflows to create work execution. The company offers WorkApps to build easy to navigate apps; Connectors for embedded integrations with industry-leading systems of record; Control Center to achieve consistent work execution; Dynamic View enables mixed internal and external teams to collaborate confidentially with vendors; Data Shuttle to upload or offload data between Smartsheet and other existing systems and databases; Bridge to build intelligent workflows and automate business processes across platforms; Resource Management; Brandfolder; and Premium Apps and Connectors, as well as Calendar, Pivot, and DataMesh apps, and Smartsheet Advance. It serves aerospace, automotive, biotechnology, consumer, e-commerce, education, finance, government, healthcare, IT services, marketing, media, travel, and other sectors. The company was formerly known as Smartsheet.com, Inc. and changed its name to Smartsheet Inc. in February 2017. The company was incorporated in 2005 and is based in Bellevue, Washington.
Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 958.34M | 766.92M | 550.83M | 385.51M | 270.88M | 177.72M | 111.25M | 66.96M | 40.75M |
Cost of Revenue | 186.45M | 165.29M | 116.47M | 85.54M | 52.90M | 33.85M | 21.68M | 14.13M | 8.60M |
Gross Profit | 771.89M | 601.63M | 434.36M | 299.97M | 217.98M | 143.87M | 89.57M | 52.83M | 32.15M |
Gross Profit Ratio | 80.54% | 78.45% | 78.86% | 77.81% | 80.47% | 80.95% | 80.51% | 78.89% | 78.90% |
Research & Development | 234.07M | 215.21M | 165.44M | 118.72M | 95.47M | 58.84M | 37.59M | 19.64M | 12.90M |
General & Administrative | 147.53M | 128.81M | 109.20M | 71.44M | 50.23M | 34.05M | 28.03M | 8.28M | 5.16M |
Selling & Marketing | 510.58M | 479.25M | 329.75M | 230.28M | 176.06M | 106.07M | 72.93M | 40.07M | 28.44M |
SG&A | 658.10M | 608.06M | 438.96M | 301.72M | 226.29M | 140.12M | 100.96M | 48.35M | 33.60M |
Other Expenses | 0.00 | 1.10M | -813.00K | 296.00K | -462.00K | 0.00 | 0.00 | 0.00 | 0.00 |
Operating Expenses | 892.17M | 823.27M | 604.40M | 420.45M | 321.76M | 198.96M | 138.55M | 67.99M | 46.50M |
Cost & Expenses | 1.08B | 988.55M | 720.87M | 505.99M | 374.66M | 232.81M | 160.23M | 82.12M | 55.10M |
Interest Income | 25.64M | 7.74M | 48.00K | 1.44M | 8.41M | 0.00 | 540.00K | 0.00 | 0.00 |
Interest Expense | 0.00 | 0.00 | 48.00K | 0.00 | 0.00 | 1.49M | 0.00 | 0.00 | 0.00 |
Depreciation & Amortization | 26.03M | 42.92M | 36.67M | 29.18M | 21.42M | 7.70M | 4.08M | 989.00K | 567.00K |
EBITDA | -93.27M | -196.78M | -148.27M | -103.22M | -90.33M | -47.38M | -44.90M | -14.17M | -13.78M |
EBITDA Ratio | -9.73% | -25.66% | -26.92% | -26.77% | -33.34% | -26.66% | -40.36% | -21.15% | -33.82% |
Operating Income | -120.28M | -221.64M | -170.04M | -120.47M | -103.77M | -55.08M | -48.98M | -15.16M | -14.35M |
Operating Income Ratio | -12.55% | -28.90% | -30.87% | -31.25% | -38.31% | -30.99% | -44.02% | -22.63% | -35.21% |
Total Other Income/Expenses | 24.14M | 8.85M | -765.00K | 1.74M | 7.95M | 1.49M | -435.00K | -29.00K | 0.00 |
Income Before Tax | -96.14M | -212.79M | -170.80M | -118.73M | -95.83M | -53.59M | -49.41M | -15.18M | -14.35M |
Income Before Tax Ratio | -10.03% | -27.75% | -31.01% | -30.80% | -35.38% | -30.15% | -44.41% | -22.67% | -35.21% |
Income Tax Expense | 8.49M | 2.85M | 296.00K | -3.75M | 114.00K | 293.00K | -307.00K | 0.00 | 0.00 |
Net Income | -104.63M | -215.64M | -171.10M | -114.98M | -95.94M | -53.89M | -49.11M | -15.18M | -14.35M |
Net Income Ratio | -10.92% | -28.12% | -31.06% | -29.82% | -35.42% | -30.32% | -44.14% | -22.67% | -35.21% |
EPS | -0.78 | -1.66 | -1.36 | -0.95 | -0.85 | -0.65 | -2.69 | -0.83 | -0.17 |
EPS Diluted | -0.78 | -1.66 | -1.36 | -0.95 | -0.85 | -0.65 | -2.69 | -0.83 | -0.17 |
Weighted Avg Shares Out | 134.51M | 130.07M | 125.63M | 120.66M | 112.99M | 83.14M | 18.27M | 18.27M | 84.87M |
Weighted Avg Shares Out (Dil) | 134.51M | 130.07M | 125.63M | 120.66M | 112.99M | 83.14M | 18.27M | 18.27M | 84.87M |
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SMAR Alert: Wohl & Fruchter LLP Files Class Action Lawsuit on Behalf of Shareholders of Smartsheet, Inc., in the U.S. District Court for the Southern District of New York
SMARTSHEET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Smartsheet Inc. - SMAR
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