Smartsheet (SMAR) stock price, revenue, and financials

Smartsheet market cap is $4.4 b, and annual revenue was $385.51 m in FY 2021

-2.76(-7.94%)

$4.4 B

SMAR Mkt cap, 24-Jun-2022

Smartsheet Revenue Q3, 2022

Smartsheet Gross profit (Q3, 2022)115.2 M

Smartsheet Gross profit margin (Q3, 2022), %79.7%

Smartsheet Net income (Q3, 2022)-36.7 M

Smartsheet EBIT (Q3, 2022)-36 M

Smartsheet Cash, 31-Oct-2021440 M

Smartsheet EV4 B

Smartsheet revenue was $385.51 m in FY, 2021 which is a 42.3% year over year increase from the previous period.

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Smartsheet revenue breakdown by business segment: 91.5% from Subscription and 8.5% from Professional services

Smartsheet revenue breakdown by geographic segment: 9.7% from EMEA, 81.5% from United States and 8.8% from Other

USD	FY, 2019	FY, 2020	FY, 2021
Revenue	177.7m	270.9m	385.5m
Revenue growth, %	60%	52%	42%
Cost of goods sold	33.8m	52.9m	85.5m
Gross profit	143.9m	218.0m	300.0m
Gross profit Margin, %	81%	80%	78%
Sales and marketing expense	106.1m	176.1m	230.3m
R&D expense	58.8m	95.5m	118.7m
General and administrative expense	34.0m	50.2m	71.4m
Operating expense total	199.0m	321.8m	420.4m
EBIT	(55.1m)	(103.8m)	(120.5m)
EBIT margin, %	(31%)	(38%)	(31%)
Interest income	1.5m	8.4m	1.4m
Pre tax profit	(53.6m)	(95.8m)	(118.7m)
Income tax expense	293.0k	114.0k	(3.8m)
Net Income	(53.9m)	(95.9m)	(115.0m)
EPS	(0.6)	(0.8)	(0.9)

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022	Q3, 2022
Revenue	56.2m	64.6m	71.5m	85.5m	91.2m	98.9m	117.1m	131.7m	144.6m
Cost of goods sold	10.5m	12.7m	14.1m	18.4m	19.0m	23.7m	26.6m	27.5m	29.4m
Gross profit	45.7m	52.0m	57.4m	67.0m	72.2m	75.2m	90.5m	104.3m	115.2m
Gross profit Margin, %	81%	80%	80%	78%	79%	76%	77%	79%	80%
Sales and marketing expense	35.4m	39.3m	50.9m	54.8m	53.8m	59.2m	71.4m	77.1m	83.1m
R&D expense	20.2m	22.2m	25.0m	26.0m	28.1m	32.4m	36.5m	39.1m	41.2m
General and administrative expense	10.9m	11.5m	13.3m	15.1m	17.0m	19.5m	21.0m	31.6m	26.9m
Operating expense total	66.6m	72.9m	89.3m	95.9m	98.9m	111.1m	128.9m	147.8m	151.2m
EBIT	(20.9m)	(20.9m)	(31.8m)	(28.8m)	(26.7m)	(35.9m)	(38.4m)	(43.5m)	(36.0m)
EBIT margin, %	(37%)	(32%)	(45%)	(34%)	(29%)	(36%)	(33%)	(33%)	(25%)
Interest income	1.0m	2.1m	2.8m	1.3m	92.0k	14.0k	11.0k	12.0k	12.0k
Pre tax profit	(19.8m)	(19.2m)	(28.9m)	(27.7m)	(26.5m)	(35.9m)	(37.0m)	(44.1m)	(36.6m)
Income tax expense	(35.0k)	(39.0k)	5.0k	73.0k	75.0k	(3.9m)	49.0k	66.0k	99.0k
Net Income	(19.8m)	(19.1m)	(28.9m)	(27.8m)	(26.6m)	(32.0m)	(37.1m)	(44.2m)	(36.7m)
EPS	(0.2)	(0.2)	(0.2)	(0.2)	(0.2)	(0.3)	(0.3)	(0.3)	(0.3)

USD	FY, 2019	FY, 2020	FY, 2021
Cash	213.1m	515.9m	442.2m
Accounts Receivable	30.2m	56.9m	102.6m
Prepaid Expenses	3.9m	7.6m	13.5m
Current Assets	247.2m	631.0m	558.4m
PP&E	22.5m	27.0m	28.6m
Goodwill	5.5m	16.5m	125.6m
Total Assets	308.7m	797.7m	911.8m
Accounts Payable	4.7m	7.7m	2.9m
Short-term debt	3.8m	15.5m	17.1m
Current Liabilities	136.3m	233.2m	307.7m
Long-term debt	2.2m	49.6m	71.9m
Total Debt	5.9m	65.1m	89.0m
Total Liabilities	141.8m	283.7m	384.9m
Additional Paid-in Capital	327.5m	770.5m	898.4m
Retained Earnings	(160.5m)	(256.5m)	(371.4m)
Total Equity	167.0m	514.1m	526.9m
Debt to Equity Ratio	0 x	0.1 x	0.2 x
Debt to Assets Ratio	0 x	0.1 x	0.1 x
Financial Leverage	1.8 x	1.6 x	1.7 x

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022	Q3, 2022
Cash	208.8m	511.2m	513.4m	544.2m	546.0m	420.4m	439.7m	442.8m	440.0m
Accounts Receivable	33.3m	40.2m	42.6m	49.5m	54.7m	65.8m	89.3m	91.1m	106.3m
Prepaid Expenses	6.4m	9.9m	9.4m	10.0m	10.0m	12.6m	17.5m	25.5m	26.9m
Current Assets	248.5m	611.3m	615.4m	603.6m	610.6m	498.8m	546.4m	559.4m	573.2m
PP&E	23.3m	25.9m	26.9m	27.1m	27.2m	28.2m	32.4m	35.5m	36.8m
Goodwill	5.5m	16.7m	16.5m	16.5m	16.5m	125.9m	125.6m	125.6m	125.6m
Total Assets	363.2m	757.2m	774.8m	782.6m	788.9m	831.5m	903.5m	920.7m	936.1m
Accounts Payable	4.7m	2.5m	4.0m	6.1m	1.5m	5.3m	2.8m	1.8m	1.8m
Short-term debt	12.8m	12.8m	14.1m	16.1m	16.0m	16.7m	17.4m	17.3m	18.0m
Current Liabilities	152.6m	174.7m	196.1m	211.6m	221.9m	242.4m	306.4m	339.5m	357.4m
Long-term debt	46.6m	45.3m	50.8m	58.6m	55.8m	52.7m	68.7m	65.2m	61.8m
Total Debt	59.4m	58.1m	64.9m	74.7m	71.9m	69.5m	86.1m	82.5m	79.8m
Total Liabilities	200.4m	220.3m	247.7m	272.2m	283.2m	302.9m	380.0m	409.6m	424.4m
Additional Paid-in Capital	343.1m	736.4m	755.3m	794.6m	816.5m	871.4m	932.0m	963.8m	1.0b
Retained Earnings	(180.3m)	(199.4m)	(228.3m)	(284.2m)	(310.8m)	(342.8m)	(408.5m)	(452.7m)	(489.4m)
Total Equity	162.8m	536.9m	527.0m	510.4m	505.7m	528.6m	523.5m	511.1m	511.8m
Debt to Equity Ratio	0.4 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.2 x	0.2 x	0.2 x
Debt to Assets Ratio	0.2 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x
Financial Leverage	2.2 x	1.4 x	1.5 x	1.5 x	1.6 x	1.6 x	1.7 x	1.8 x	1.8 x

USD	FY, 2019	FY, 2020	FY, 2021
Net Income	(53.9m)	(95.9m)	(115.0m)
Depreciation and Amortization	7.7m	13.4m	17.3m
Accounts Receivable	(15.3m)	(26.0m)	(43.1m)
Accounts Payable	2.0m	3.6m	(4.9m)
Cash From Operating Activities	(2.9m)	(10.9m)	(15.6m)
Purchases of PP&E	(5.8m)	(5.2m)	(4.2m)
Cash From Investing Activities	(13.8m)	(90.0m)	(85.1m)
Long-term Borrowings	(3.3m)	(4.2m)	(4.1m)
Cash From Financing Activities	171.3m	402.0m	25.8m
Net Change in Cash	154.6m	301.1m	(74.4m)
Interest Paid	324.0k	243.0k	114.0k
Income Taxes Paid	8.0k	106.0k	168.0k

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022	Q3, 2022
Net Income	(19.8m)	(38.9m)	(67.8m)	(27.8m)	(54.3m)	(86.3m)	(37.1m)	(81.2m)	(118.0m)
Depreciation and Amortization	2.9m	6.1m	9.8m	3.8m	7.6m	12.4m	4.8m	9.8m	15.2m
Accounts Receivable	(3.2m)	(9.3m)	(11.7m)	7.4m	2.3m	(6.3m)	13.4m	11.5m	(3.7m)
Accounts Payable	324.0k	(2.1m)	(237.0k)	(2.0m)	(6.1m)	(2.9m)	(1.1m)	(974.0k)	(1.1m)
Cash From Operating Activities	(9.2m)	(11.9m)	(10.8m)	(24.3m)	(25.6m)	(30.9m)	(3.0m)	(1.2m)	(3.4m)
Purchases of PP&E	(1.3m)	(3.1m)	(4.2m)	(1.0m)	(2.0m)	(2.7m)	(3.2m)	(7.0m)	(9.2m)
Cash From Investing Activities	(2.9m)	(83.3m)	(87.0m)	47.3m	43.9m	(83.2m)	(5.2m)	(10.5m)	(15.7m)
Long-term Borrowings	(1.0m)	(2.0m)	(3.1m)	(680.0k)	(1.3m)	(2.0m)
Cash From Financing Activities	6.1m	391.8m	396.6m	5.4m	11.6m	18.1m	5.3m	12.8m	17.2m
Net Change in Cash	(6.0m)	296.4m	298.7m	28.1m	30.0m	(96.0m)	(2.4m)	894.0k	(1.9m)
Interest Paid	66.0k	118.0k	185.0k	46.0k	84.0k	114.0k
Income Taxes Paid				14.0k	71.0k	122.0k	27.0k	118.0k	150.0k

USD	FY, 2019
Revenue/Employee	181.6k
Financial Leverage	1.8 x

Smartsheet's Users was reported to be 5.3 m in FY, 2020. Smartsheet's Customers was reported to be 99 k in FY, 2020.

	Q1, 2017	Q2, 2017	Q3, 2017	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020	FY, 2020	Q1, 2021	Q2, 2021	Q3, 2021
Domain-based Customers	57.84 k	61.21 k	64.78 k	66.65 k	69.04 k	71.02 k	72.53 k	74.12 k	75.64 k	76.69 k	77.89 k	78.96 k	80.28 k	82.19 k	83.14 k	83.9 k
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	$1.81 k	$2 k	$2.21 k	$2.45 k	$2.68 k	$2.97 k	$3.29 k	$3.64 k	$3.87 k	$4.16 k	$4.67 k
Retention Rate	116%	118%	119%	122%	124%	126%	129%	130%	130%	131%	132%	134%	134%	134%	134%	135%	132%	128%	125%
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	$45.38 m	$52.2 m	$54.86 m	$216.57 m	$69.12 m	$79.45 m	$83.5 m	$333.56 m	$89.89 m	$97.27 m	$112.36 m
Paying Users								650 k				800 k				950 k
Users								3.6 m				4 m				5.3 m
Customers								92 k				95 k				99 k
Patents (US)								9	10	10	10	10	11	11	11	10
Patents (Foreign)								3	3	3	3	3	3	3
Patents Pending (US)								7	7	6	7	7	6	8	8	9
Trademarks (US)								2				2				2
Trademarks (Foreign)								23				23				23
Trademark Applications								2				2				2
Countries								190
Customers with >$100K in Annual Contract Value																	391	433	504
Customers with >$50K in Annual Contract Value																	1.04 k	1.13 k	1.33 k