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