SMAR (SMAR)
Smartsheet Inc.
NASDAQ:SMARTechnology · Software - Application
Mkt Cap-
Float136.99M
O/S-
Inst Own-
Dilution
Financials Summary
Revenue$958.34M
Net Income-$104.63M
Total Assets$1.34B
Free Cash Flow$144.54M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$49.81M
Total Equity$605.86M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SMAR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.34B
Liabilities$731.62M
Accounts Receivable$238.71M
Accounts Payable$2.94M
Inventory$0
PP&E (Net)$81.84M
Goodwill$141.48M
Intangible Assets$27.96M
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 |
| Revenue | $958.34M | $766.91M | $550.83M | $385.51M | $270.88M | $177.72M | $111.25M | $66.96M | $40.75M |
| YoY Growth | 25.0% | 39.2% | 42.9% | 42.3% | 52.4% | 59.7% | 66.1% | 64.3% | - |
| Cost of Revenue | $186.45M | $165.28M | $116.47M | $85.54M | $52.9M | $33.85M | $21.68M | $14.13M | $8.6M |
| Gross Profit | $771.89M | $601.63M | $434.36M | $299.97M | $217.98M | $143.87M | $89.57M | $52.83M | $32.15M |
| Gross Margin | 80.5% | 78.4% | 78.9% | 77.8% | 80.5% | 81.0% | 80.5% | 78.9% | 78.9% |
| Research and Development | $234.07M | $215.21M | $165.44M | $118.72M | $95.47M | $58.84M | $37.59M | $19.64M | $12.9M |
| Selling, General, and Administrative | $658.1M | $608.06M | $438.95M | $301.72M | $226.29M | $140.12M | $100.96M | $48.35M | $33.6M |
| Other | -$12.55M | $1.1M | -$813K | $296K | -$462K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $892.17M | $823.27M | $604.39M | $420.45M | $321.76M | $198.96M | $138.55M | $67.99M | $46.5M |
| Operating Income (EBIT) | -$120.28M | -$221.64M | -$170.04M | -$120.47M | -$103.77M | -$55.08M | -$48.98M | -$15.15M | -$14.35M |
| Operating Margin | -12.6% | -28.9% | -30.9% | -31.2% | -38.3% | -31.0% | -44.0% | -22.6% | -35.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $0 |
| Interest Income | $25.64M | $7.74M | $48K | $1.44M | $8.41M | $3.31M | $540K | $0 | $0 |
| Other Income (Expense) | $24.14M | $8.85M | -$765K | $1.74M | $7.95M | $1.49M | -$435K | -$29K | $0 |
| Income Before Tax (EBT) | -$96.14M | -$212.79M | -$170.8M | -$118.73M | -$95.83M | -$53.59M | -$49.41M | -$15.18M | -$14.35M |
| Income Tax Expense | $8.49M | $2.85M | $296K | -$3.75M | $114K | $293K | -$307K | $0 | $0 |
| Net Income | -$104.63M | -$215.64M | -$171.1M | -$114.98M | -$95.94M | -$53.88M | -$49.11M | -$15.18M | -$14.35M |
| Net Income Margin | -10.9% | -28.1% | -31.1% | -29.8% | -35.4% | -30.3% | -44.1% | -22.7% | -35.2% |
| Supplementary Data | |||||||||
| EPS | -0.78 | -1.66 | -1.36 | -0.95 | -0.85 | -0.65 | -2.69 | -0.83 | -0.96 |
| Diluted EPS | -0.78 | -1.66 | -1.36 | -0.95 | -0.85 | -0.65 | -2.69 | -0.83 | -0.96 |
| Weighted Average OS | 134.51M | 130.07M | 125.63M | 120.66M | 112.99M | 83.14M | 18.27M | 18.27M | 14.95M |
| EBITDA | -$93.27M | -$196.78M | -$148.27M | -$103.22M | -$90.33M | -$47.38M | -$44.9M | -$14.17M | -$13.78M |
| EBITDA Margin | -9.7% | -25.7% | -26.9% | -26.8% | -33.3% | -26.7% | -40.4% | -21.2% | -33.8% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $282.09M | $223.16M | $449.07M | $442.2M | $515.92M | $213.09M | $58.16M | $22.09M | $12.35M |
| Short-Term Investments | $346.7M | $233.22M | $0 | $0 | $50.53M | $0 | $0 | $10.15M | $14.19M |
| Cash and Short-Term Investments | $628.79M | $456.38M | $449.07M | $442.2M | $566.46M | $213.09M | $58.16M | $32.23M | $26.54M |
| Accounts Receivable | $238.71M | $198.64M | $151.14M | $102.65M | $56.86M | $30.17M | $14.87M | $5.41M | $2.58M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $6.68M | $9.19M | $0 | $0 | $7.64M | $3.92M | $0 | $0 | $0 |
| Total Current Assets | $931.87M | $710.09M | $634.6M | $558.37M | $630.96M | $247.18M | $77.66M | $39.87M | $30.51M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $81.84M | $93.67M | $104.01M | $109.69M | $84.57M | $22.54M | $17.24M | $8.81M | $1.7M |
| Goodwill | $141.48M | $142.41M | $125.61M | $125.61M | $16.5M | $5.5M | $445K | $0 | $0 |
| Intangible Assets | $27.96M | $39.07M | $44.1M | $54.14M | $15.15M | $1.83M | $1.55M | $43K | $54K |
| Long-Term Investments | $19K | $197K | $17K | $18K | $865K | $2.62M | $2.9M | $1.93M | $8.92M |
| Deferred Tax Assets | $0 | -$197K | -$17K | -$18K | -$865K | -$2.62M | -$2.9M | -$1.93M | $0 |
| Other Long-Term Assets | $154.33M | $124.97M | $94.52M | $63.98M | $50.53M | $31.7M | $19.72M | $7.53M | $2.78M |
| Total Long-Term Assets | $405.61M | $400.12M | $368.23M | $353.42M | $166.75M | $61.56M | $38.95M | $16.38M | $13.45M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.34B | $1.11B | $1B | $911.79M | $797.71M | $308.74M | $116.6M | $56.25M | $43.97M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $2.94M | $2.13M | $1.51M | $2.85M | $7.72M | $4.66M | $2.64M | $1.99M | $1.18M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $568.67M | $457.53M | $332.29M | $222.69M | $157.97M | $95.77M | $57.1M | $32.65M | $19.5M |
| Other Current Liabilities | $77.45M | $68.35M | $66.74M | $47.86M | $39.63M | $6.54M | $3.06M | $887K | $19.5M |
| Total Current Liabilities | $695.85M | $574.66M | $437.44M | $307.72M | $233.24M | $136.29M | $78.89M | $44.12M | $22.83M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | -$1.27M | $0 | $0 |
| Long-Term Unearned Revenue | $1.78M | $2.19M | $2.38M | $1.31M | $837K | $367K | $179K | $66K | $75K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | -$2.38M | $0 | $0 | $0 | $1.27M | $477K | $0 |
| Other Long-Term Liabilities | $434K | $129K | $2.38M | $3.9M | $0 | $2.93M | $604K | $623K | $403K |
| Total Long-Term Liabilities | $35.77M | $49.89M | $60.61M | $77.14M | $50.41M | $5.46M | $5.77M | $4.62M | $478K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $731.62M | $624.55M | $498.05M | $384.86M | $283.65M | $141.75M | $84.66M | $48.74M | $23.31M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $112.69M | $60.26M | $60.26M |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$862.8M | -$758.17M | -$542.53M | -$371.44M | -$256.46M | -$160.52M | -$106.63M | -$57.53M | -$42.34M |
| Comprehensive Income & Other | -$146K | $101K | -$0 | -$371.44M | -$256.46M | -$160.52M | $0 | $1K | $19K |
| Other Stockholders' Equity | $1.47B | $1.24B | $1.05B | $898.37M | $770.52M | $327.51M | $138.58M | $65.04M | $63M |
| Total Equity | $605.86M | $485.66M | $504.78M | $526.93M | $514.06M | $166.99M | $31.95M | $7.52M | $20.66M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.34B | $1.11B | $1B | $911.79M | $797.71M | $308.74M | $116.6M | $56.25M | $43.97M |
| Supplementary Data | |||||||||
| Total Debt | $49.81M | $66.78M | $76.24M | $88.98M | $65.06M | $5.93M | $6.55M | $5.74M | $0 |
| Net Debt | -$232.28M | -$156.37M | -$372.83M | -$353.22M | -$450.86M | -$207.15M | -$51.61M | -$16.34M | -$12.35M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 |
| Operating Activities | |||||||||
| Net Income | -$104.63M | -$215.64M | -$171.1M | -$114.98M | -$95.94M | -$53.88M | -$49.11M | -$15.18M | -$14.35M |
| Depreciation & Amortization | $27.01M | $24.86M | $21.77M | $17.25M | $13.45M | $7.7M | $4.08M | $989K | $567K |
| Deferred Income Tax | $0 | $0 | $0 | $107K | $82K | $1.36M | $797K | $197K | $127K |
| Stock-Based Compensation | $206.21M | $176.56M | $114.9M | $72.02M | $37.56M | $15.9M | $18.46M | $1.13M | $1.68M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$43.91M | -$47.6M | -$48.58M | -$43.11M | -$25.96M | -$15.27M | -$9.46M | -$2.83M | -$1.27M |
| Inventory | $0 | $0 | $0 | -$7.75M | -$5.95M | $5.43M | -$407K | -$324K | $97K |
| Accounts Payable | $828K | $154K | -$1.33M | -$4.92M | $3.59M | $2.03M | $704K | $578K | $522K |
| Other Working Capital | $13.16M | $22.1M | $21.19M | $23.38M | $34.59M | $23.09M | $16.33M | $13.28M | $6.9M |
| Total Working Capital Change | -$29.92M | -$25.34M | -$28.71M | -$32.4M | $6.27M | $15.29M | $7.17M | $10.71M | $6.25M |
| Other Non-Cash Items | $59.21M | $63.16M | $59.63M | $42.34M | $27.71M | $10.77M | $5.01M | $2.21M | $1.07M |
| Net Cash from Operating | $157.88M | $23.59M | -$3.51M | -$15.65M | -$10.87M | -$2.85M | -$13.58M | $58K | -$4.66M |
| Investing Activities | |||||||||
| Capital Expenditures | -$2.56M | -$13.8M | -$17.3M | -$11.78M | -$11.85M | -$8.78M | -$9.48M | -$1.82M | -$1.08M |
| Acquisitions | $0 | -$20.34M | $0 | -$125.06M | -$26.66M | -$5M | -$1.46M | $0 | $0 |
| Purchases of Investments | -$513.49M | -$456.65M | -$1M | $7.61M | -$101.53M | $0 | -$3.47M | -$5.09M | -$21.82M |
| Sales of Investments | $413.1M | $226.67M | $0 | $50.53M | $50M | $0 | $10.12M | $16.55M | $0 |
| Other Investing Activities | -$10.73M | $217K | -$7.74M | -$6.36M | -$58.23M | -$3.02M | $2.51M | -$586K | $4K |
| Net Cash from Investing | -$113.69M | -$263.9M | -$18.3M | -$85.06M | -$90.04M | -$13.78M | -$1.78M | $9.64M | -$22.9M |
| Financing Activities | |||||||||
| Debt Repaid | $34K | - | - | $4.13M | $4.17M | $3.25M | $2.33M | $303K | - |
| Common Stock Issuance | $21.66M | $5.63M | $36.51M | $32.07M | $379.83M | $163.84M | $54.59M | $930K | $222K |
| Common Stock Repurchases | -$7.1M | -$4.18M | -$6.17M | -$2.15M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $14.56M | $14.06M | $30.34M | $29.92M | $26.36M | $10.73M | $1.33M | $930K | $222K |
| Net Cash from Financing | $14.53M | $14.06M | $30.34M | $25.79M | $402.02M | $171.32M | $51.44M | $627K | $222K |
| Forex Effect | -$32K | $334K | -$1.2M | $471K | -$25K | -$36K | $0 | $0 | $0 |
| Net Change in Cash | $58.69M | -$225.92M | $7.33M | -$74.44M | $301.08M | $154.65M | $36.07M | $10.33M | -$27.34M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $157.88M | $23.59M | -$3.51M | -$15.65M | -$10.87M | -$2.85M | -$13.58M | $58K | -$4.66M |
| Capital Expenditure | -$13.34M | -$13.8M | -$17.3M | -$11.78M | -$11.85M | -$8.78M | -$9.48M | -$1.82M | -$1.08M |
| Free Cash Flow | $144.54M | $9.79M | -$20.81M | -$27.43M | -$22.72M | -$11.64M | -$23.06M | -$1.76M | -$5.74M |
| Cash at Beginning | $223.76M | $449.68M | $442.35M | $516.79M | $215.71M | $61.06M | $22.09M | $13.69M | $39.68M |
| Cash at End | $282.44M | $223.76M | $449.68M | $442.35M | $516.79M | $215.71M | $58.16M | $24.01M | $12.35M |