Home
/ Smartsheet
/ Financials & Metrics

Smartsheet (SMAR) stock price, revenue, and financials

Smartsheet market cap is $8.6 b, and annual revenue was $270.88 m in FY 2020

View Company

+1.39 (+1.98%)

$8.6 B

SMAR Mkt cap, 15-Jan-2021

$98.9 M

Smartsheet Revenue Q3, 2021

Smartsheet Gross profit (Q3, 2021)75.2 M

Smartsheet Gross profit margin (Q3, 2021), %76%

Smartsheet Net income (Q3, 2021)-32 M

Smartsheet EBIT (Q3, 2021)-35.9 M

Smartsheet Cash, 31-Oct-2020420.4 M

Smartsheet EV8.2 B

Smartsheet Revenue

Smartsheet revenue was $270.88 m in FY, 2020 which is a 52.4% year over year increase from the previous period.

Embed Graph

Smartsheet Revenue Breakdown

Embed Graph

Smartsheet revenue breakdown by business segment: 90.1% from Subscription and 9.9% from Professional services

Smartsheet revenue breakdown by geographic segment: 5.2% from Americas other than the United States, 10.8% from EMEA, 79.2% from United States and 4.8% from Other

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Revenue	111.3m	177.7m	270.9m
Revenue growth, %	66%	60%	52%
Cost of goods sold	21.7m	33.8m	52.9m
Gross profit	89.6m	143.9m	218.0m
Gross profit Margin, %	81%	81%	80%
Sales and marketing expense	72.9m	106.1m	176.1m
R&D expense	37.6m	58.8m	95.5m
General and administrative expense	28.0m	34.0m	50.2m
Operating expense total	138.5m	199.0m	321.8m
EBIT	(49.0m)	(55.1m)	(103.8m)
EBIT margin, %	(44%)	(31%)	(38%)
Interest expense	435.0k
Interest income		1.5m	8.4m
Pre tax profit	(49.4m)	(53.6m)	(95.8m)
Income tax expense	(307.0k)	293.0k	114.0k
Net Income	(49.1m)	(53.9m)	(95.9m)
EPS	(2.9)	(0.6)	(0.8)

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021
Revenue	36.3m	42.4m	46.9m	56.2m	64.6m	71.5m	85.5m	91.2m	98.9m
Cost of goods sold	7.3m	8.2m	8.7m	10.5m	12.7m	14.1m	18.4m	19.0m	23.7m
Gross profit	29.0m	34.2m	38.2m	45.7m	52.0m	57.4m	67.0m	72.2m	75.2m
Gross profit Margin, %	80%	81%	81%	81%	80%	80%	78%	79%	76%
Sales and marketing expense	22.4m	24.3m	30.1m	35.4m	39.3m	50.9m	54.8m	53.8m	59.2m
R&D expense	12.8m	14.4m	15.6m	20.2m	22.2m	25.0m	26.0m	28.1m	32.4m
General and administrative expense	6.8m	8.5m	8.9m	10.9m	11.5m	13.3m	15.1m	17.0m	19.5m
Operating expense total	42.0m	47.2m	54.6m	66.6m	72.9m	89.3m	95.9m	98.9m	111.1m
EBIT	(13.0m)	(13.0m)	(16.4m)	(20.9m)	(20.9m)	(31.8m)	(28.8m)	(26.7m)	(35.9m)
EBIT margin, %	(36%)	(31%)	(35%)	(37%)	(32%)	(45%)	(34%)	(29%)	(36%)
Interest expense	1.3m
Interest income		749.0k	860.0k	1.0m	2.1m	2.8m	1.3m	92.0k	14.0k
Pre tax profit	(14.3m)	(12.2m)	(15.5m)	(19.8m)	(19.2m)	(28.9m)	(27.7m)	(26.5m)	(35.9m)
Income tax expense		88.0k	22.0k	(35.0k)	(39.0k)	5.0k	73.0k	75.0k	(3.9m)
Net Income	(14.3m)	(12.3m)	(15.6m)	(19.8m)	(19.1m)	(28.9m)	(27.8m)	(26.6m)	(32.0m)
EPS	(0.7)	(0.1)	(0.1)	(0.2)	(0.2)	(0.2)	(0.2)	(0.2)	(0.3)

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Cash	58.2m	213.1m	515.9m
Accounts Receivable	14.9m	30.2m	56.9m
Prepaid Expenses	4.6m	3.9m	7.6m
Current Assets	77.7m	247.2m	631.0m
PP&E	17.2m	22.5m	27.0m
Goodwill	445.0k	5.5m	16.5m
Total Assets	116.6m	308.7m	797.7m
Accounts Payable	2.6m	4.7m	7.7m
Short-term debt	2.8m	3.8m	15.5m
Current Liabilities	78.9m	136.3m	233.2m
Long-term debt	3.7m	2.2m	49.6m
Total Debt	6.5m	5.9m	65.1m
Total Liabilities	84.7m	141.8m	283.7m
Preferred Stock	112.7m
Additional Paid-in Capital	25.9m	327.5m	770.5m
Retained Earnings	(106.6m)	(160.5m)	(256.5m)
Total Equity	(80.7m)	167.0m	514.1m
Debt to Equity Ratio	-0.1 x	0 x	0.1 x
Debt to Assets Ratio	0.1 x	0 x	0.1 x
Financial Leverage	-1.4 x	1.8 x	1.6 x

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021
Cash	49.7m	211.1m	212.0m	208.8m	511.2m	513.4m	544.2m	546.0m	420.4m
Accounts Receivable	18.2m	23.6m	23.8m	33.3m	40.2m	42.6m	49.5m	54.7m	65.8m
Prepaid Expenses	5.1m	5.9m	5.7m	6.4m	9.9m	9.4m	10.0m	10.0m	12.6m
Current Assets	73.0m	240.6m	241.5m	248.5m	611.3m	615.4m	603.6m	610.6m	498.8m
PP&E	16.6m	19.8m	21.8m	23.3m	25.9m	26.9m	27.1m	27.2m	28.2m
Goodwill	445.0k	532.0k	532.0k	5.5m	16.7m	16.5m	16.5m	16.5m	125.9m
Total Assets	115.0m	285.2m	291.8m	363.2m	757.2m	774.8m	782.6m	788.9m	831.5m
Accounts Payable	2.9m	2.7m	3.0m	4.7m	2.5m	4.0m	6.1m	1.5m	5.3m
Short-term debt	2.9m	3.7m	3.6m	12.8m	12.8m	14.1m	16.1m	16.0m	16.7m
Current Liabilities	87.7m	104.0m	115.7m	152.6m	174.7m	196.1m	211.6m	221.9m	242.4m
Long-term debt	2.9m	3.9m	3.0m	46.6m	45.3m	50.8m	58.6m	55.8m	52.7m
Total Debt	5.8m	7.6m	6.7m	59.4m	58.1m	64.9m	74.7m	71.9m	69.5m
Total Liabilities	93.9m	108.8m	120.2m	200.4m	220.3m	247.7m	272.2m	283.2m	302.9m
Preferred Stock	112.7m
Additional Paid-in Capital	29.4m	309.7m	320.4m	343.1m	736.4m	755.3m	794.6m	816.5m	871.4m
Retained Earnings	(121.0m)	(133.3m)	(148.8m)	(180.3m)	(199.4m)	(228.3m)	(284.2m)	(310.8m)	(342.8m)
Total Equity	(91.5m)	176.4m	171.6m	162.8m	536.9m	527.0m	510.4m	505.7m	528.6m
Debt to Equity Ratio	-0.1 x	0 x	0 x	0.4 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x
Debt to Assets Ratio	0.1 x	0 x	0 x	0.2 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x
Financial Leverage	-1.3 x	1.6 x	1.7 x	2.2 x	1.4 x	1.5 x	1.5 x	1.6 x	1.6 x

Annual

USD	FY, 2018	FY, 2019	FY, 2020
Net Income	(49.1m)	(53.9m)	(95.9m)
Depreciation and Amortization	4.1m	7.7m	10.7m
Accounts Receivable	(9.5m)	(15.3m)	(26.0m)
Accounts Payable	704.0k	2.0m	3.6m
Cash From Operating Activities	(13.6m)	(2.9m)	(10.9m)
Purchases of PP&E	(6.0m)	(5.8m)	(5.2m)
Cash From Investing Activities	(1.8m)	(13.8m)	(90.0m)
Long-term Borrowings	(2.3m)	(3.3m)	(4.2m)
Cash From Financing Activities	51.4m	171.3m	402.0m
Net Change in Cash	36.1m	154.6m	301.1m
Interest Paid	312.0k	324.0k	243.0k
Income Taxes Paid		8.0k	106.0k

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021
Net Income	(14.3m)	(26.6m)	(42.2m)	(19.8m)	(38.9m)	(67.8m)	(27.8m)	(54.3m)	(86.3m)
Depreciation and Amortization	1.6m	3.4m	5.4m	2.9m	5.0m	7.9m	3.8m	5.9m	8.9m
Accounts Receivable	(3.4m)	(8.7m)	(9.0m)	(3.2m)	(9.3m)	(11.7m)	7.4m	2.3m	(6.3m)
Accounts Payable	237.0k	597.0k	941.0k	324.0k	(2.1m)	(237.0k)	(2.0m)	(6.1m)	(2.9m)
Cash From Operating Activities	(8.2m)	(9.3m)	(6.8m)	(9.2m)	(11.9m)	(10.8m)	(24.3m)	(25.6m)	(30.9m)
Purchases of PP&E	(497.0k)	(2.2m)	(4.4m)	(1.3m)	(3.1m)	(4.2m)	(1.0m)	(2.0m)	(2.7m)
Cash From Investing Activities	(810.0k)	(3.1m)	(6.5m)	(2.9m)	(83.3m)	(87.0m)	47.3m	43.9m	(83.2m)
Long-term Borrowings	(759.0k)	(1.6m)	(2.5m)	(1.0m)	(2.0m)	(3.1m)	(680.0k)	(1.3m)	(2.0m)
Cash From Financing Activities	(92.0k)	164.7m	166.9m	6.1m	391.8m	396.6m	5.4m	11.6m	18.1m
Net Change in Cash	(9.1m)	152.3m	153.4m	(6.0m)	296.4m	298.7m	28.1m	30.0m	(96.0m)
Interest Paid	81.0k	161.0k	257.0k	66.0k	118.0k	185.0k	46.0k	84.0k	114.0k
Income Taxes Paid							14.0k	71.0k	122.0k

USD	FY, 2018
Revenue/Employee	141.9k
Debt/Equity	-0.1 x
Debt/Assets	0.1 x
Financial Leverage	-1.4 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	83.90 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	$52.20 m	$54.86 m	$216.57 m	$69.12 m	$79.45 m	$83.50 m	$333.56 m	$89.89 m	$97.27 m	$112.36 m
Paying Users								650 k				800 k				950 k
Users								3.60 m				4 m				5.30 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 Annualized Contract Values																	391	433	504
Customers with >$50K Annualized Contract Values																	1.04 k	1.13 k	1.33 k