Smartsheet is an online project management and collaboration tool used not only for managing project and tasks, but also operations, sales pipelines, marketing campaigns and more. Its intuitive spreadsheet-like interface, coupled with file sharing and work automation features have proven it a “must-have” business app for productivity. Smartsheet is a top-rated online project management solution for Google Apps and Microsoft Office 365, and is also integrated with Box, Dropbox, Evernote and Salesforce.

Type
Public
HQ
Bellevue, US
Founded
2005
Size (employees)
838 (est)+4%
Smartsheet was founded in 2005 and is headquartered in Bellevue, US
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Key People/Management at Smartsheet

Mark P. Mader

Mark P. Mader

President & CEO
John Creason

John Creason

CTO
Eric Browne

Eric Browne

VP/Co-Founder
Brian Harper

Brian Harper

VP of Development
Peter Boit

Peter Boit

Executive Vice President, Sales

Smartsheet Office Locations

Smartsheet has an office in Bellevue
Bellevue, US (HQ)
10500 NE 8th Street Ste. 2000
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Smartsheet Financials and Metrics

Smartsheet Financials

Smartsheet's revenue was reported to be $111.25 m in FY, 2017 which is a 66.1% increase from the previous period.
USD

Revenue (FY, 2017)

111.3 m

Revenue growth (FY, 2017 - FY, 2017), %

66.1%

Gross profit (FY, 2017)

89.6 m

Gross profit margin (FY, 2017), %

80.5%

Net income (FY, 2017)

(49.1 m)

EBIT (FY, 2017)

(49 m)

Cash (31-Jan-2018)

58.2 m
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

40.8 m67 m111.3 m

Revenue growth, %

64%66%

Cost of goods sold

8.6 m14.1 m21.7 m

Gross profit

32.2 m52.8 m89.6 m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017

Revenue

13.7 m15.8 m17.8 m19.7 m22.2 m26.7 m29.4 m33 m

Cost of goods sold

2.8 m3.3 m3.8 m4.2 m4.5 m5.4 m5.7 m6.1 m

Gross profit

10.8 m12.5 m14 m15.5 m17.7 m21.3 m23.7 m26.8 m

Gross profit Margin, %

79%79%79%79%80%80%81%81%
USDFY, 2016FY, 2017

Cash

22.1 m58.2 m

Accounts Receivable

5.4 m14.9 m

Prepaid Expenses

2.2 m4.6 m

Current Assets

39.9 m77.7 m
USDFY, 2015FY, 2016FY, 2017

Net Income

(14.3 m)(15.2 m)(49.1 m)

Depreciation and Amortization

567 k989 k4.1 m

Accounts Payable

522 k578 k704 k

Cash From Operating Activities

(4.7 m)58 k(13.6 m)
USDY, 2018

Revenue/Employee

176.5 k

Debt/Equity

-0.1 x

Debt/Assets

0.1 x

Financial Leverage

-1.4 x
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Smartsheet Operating Metrics

Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017

Domain-based Customers

57.84 m61.21 m64.78 m66.65 m69.04 m71.02 m72.53 m74.12 m

Average Annualized Contract Value per Domain-based Customer

$897 $955 $1.02 k$1.11 k$1.23 k$1.35 k$1.49 k$1.64 k

Retention Rate

116%118%119%122%124%126%129%130%

Calculated Billings

$17.38 m$19.47 m$20.66 m$22.59 m$30.34 m$33.62 m$32.52 m$39.35 m
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Smartsheet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Converse.AI (5)January 16, 2018
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Smartsheet News and Updates

Smartsheet co-founder’s next project is a robotic rock picker-upper

A co-founder of Smartsheet, the enterprise collaboration startup that just filed for an IPO, is taking a hard right turn into the world of agriculture robotics. Brent Frei has been working on an automated system for clearing rocks from land. It's a bit unexpected, but far from a bad idea.

Smartsheet files for IPO

Smartsheet is the latest company to file to go public, now that the IPO window is open.  The Bellevue, Washington-based company offers enterprise software for communication and collaboration. It describes itself as the “leading cloud-based platform for work execution, enabling teams and organization…

Smartsheet fought a legal battle to hire this ex-Amazon exec — and now it's paying him almost $1 million more than the CEO (AMZN)

On Monday, cloud-based project management software company Smartsheet filed to go public. The filing revealed that it paid exec Gene Farrell almost $2.7 million in 2017 — that's 70% more than CEO Mark Mader's total compensation package of $1.9 million. Farrell is an ex-Amazon Web Services vice pre…
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