Smartsheet

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Smartsheet reports robust Q1 performance amidst macro challenges

Smartsheet's Q1 2024 earnings call showcased strong financial performance and notable enterprise expansions. However, challenges in the macro environment have impacted sales productivity, leading to a focus on incremental marketing programs and real-time investment decisions. Despite over-performance in Q1, revenue guidance remains unchanged due to a conservative approach given the dynamic macro environment.

Smartsheet reports strong Q2 performance and anticipates $1B ARR

Smartsheet's Q2 earnings call highlighted robust financial performance, a growing customer base, and plans for future expansion. While facing challenges related to customer retention and sales force productivity, the company is well-positioned to capitalize on opportunities in the enterprise segment and the introduction of new modules. Overall, Smartsheet's performance reflects a positive trajectory for future growth.

Smartsheet exceeds Q3 revenue expectations, cautious outlook for FY '25

Smartsheet's Q3 performance exceeded expectations, with strong revenue growth and significant customer expansions. While facing challenges in SMB expansions and cautious outlook for FY '25, the company sees opportunities in AI integration and global expansion. The focus on self-discovery capabilities and partnerships also presents promising growth potential.

Smartsheet exceeds Q4 expectations, focuses on AI integration for growth

Smartsheet's Q4 performance showcased robust revenue growth, profitability, and customer expansion. The company's focus on product innovation, AI integration, and strategic partnerships positions it well for future growth. While macroeconomic challenges persist, Smartsheet's emphasis on enterprise customers and margin expansion presents opportunities for sustained success.

Smartsheet beats Q1 revenue targets, eyes platform growth opportunities

Smartsheet's Q1 performance exceeded expectations across key metrics.
The company's strengths lie in customer expansions, new plan success, and investments.
Challenges include macro conditions and international headwinds.
Opportunities in platform enhancements, market focus, and partner strategies.

Smartsheet exceeds Q2 revenue targets, eyes enterprise growth opportunities

Smartsheet delivered strong Q2 results, surpassing revenue targets and showcasing growth in key metrics.
While facing challenges in net retention and user conversion, the company's focus on enterprise solutions and product enhancements presents opportunities for future growth.
Recognition in the industry, notable customer expansions, and upcoming product modules position Smartsheet well for continued success and innovation.

Smartsheet surpasses Q3 revenue targets, eyes global expansion and AI integration

Smartsheet delivered strong Q3 results, exceeding revenue guidance and showcasing growth in billings and user base. The company's strategic expansions with key clients and focus on AI integration and global expansion position it well for future success.
While facing challenges in SMB expansions and evolving customer dynamics, Smartsheet's strengths in driving enterprise deals, modular feature development, and partnership strategies offer resilience. The company must navigate uncertainties around Gen AI and industry pressures to capitalize on growth opportunities.
Overall, Smartsheet's performance in Q3 reflects resilience and strategic foresight, with a balance of strengths, challenges, and opportunities shaping its path forward. Navigating industry dynamics and leveraging partnerships will be key to sustaining growth and innovation.

Smartsheet hits $1B ARR milestone, eyes growth amid challenges

Smartsheet's Q4 FY 2024 performance reflects strong financial results, notable customer expansions, and guidance for continued growth in FY '25, underpinned by key strengths in innovation and customer loyalty.
While facing challenges such as pressure on SMBs and margin improvement, the company has opportunities to leverage AI capabilities, address SMB weaknesses, and expand internationally for sustained growth.
Overall, Smartsheet's strategic focus on innovation, customer engagement, and market expansion positions it well for future success, despite navigating challenges and uncertainties in the business landscape.
Investors should monitor Smartsheet's execution of growth strategies, particularly in addressing SMB challenges, leveraging AI capabilities, and capitalizing on international opportunities to drive long-term value.

Smartsheet posts robust Q1 results, eyes sustained growth and innovation

Smartsheet's Q1 FY 2025 earnings call highlighted strong financial performance, customer expansions, and strategic initiatives like the collaboration with KPMG and new pricing model.
The company's focus on AI adoption, product development, and margin improvement underscores a commitment to innovation, customer value, and sustainable growth.
While facing challenges in user conversion, growth consistency, and operational balance, Smartsheet's opportunities lie in sustained revenue growth, market differentiation, and international expansion.

Smartsheet reports robust Q2 earnings, AI adoption drives growth

Smartsheet's Q2 performance reflects strong customer expansion and revenue growth, driven by key deals and AI tool adoption.
While facing challenges in pricing models and market competition, the company's strategic focus on platform modernization and user experience bodes well for future success.
Opportunities lie in AI tool adoption, expansion deals, and raised guidance, positioning Smartsheet for continued growth and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. It offers ways for customers to plan and manage work using tables, plans, projects, cards, Gantt charts, and calendars, as well as allowing users to toggle between views. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise work management platform, today announced it was named a Leader in the 2023 Gartner Magic Quadrant for Collaborative Work Management (CWM). Smartsheet was recognized for its ability to execute and completeness of vision. Today's global enterprises demand a platform that provides teams of any size the foundation for managing projects, programs, and processes that scale with security IT trusts. Smartsheet provides customers with a flexi.

Smartsheet Named as a Leader in First Gartner® Magic Quadrant™ for Collaborative Work Management

Palantir Technologies

This might be investors' last chance to buy Palantir stock at a discount.   Big companies will likely dominate in artificial intelligence, but some other promising players are still flying under the radar.

2 Artificial Intelligence (AI) Stocks Down 46.5% and 54% to Buy Now

The consensus price target hints at a 25.2% upside potential for Smartsheet (SMAR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Smartsheet (SMAR) Have the Potential to Rally 25.16% as Wall Street Analysts Expect?

Smartsheet Inc. (NYSE:SMAR ) Q3 2024 Earnings Conference Call December 7, 2023 4:30 PM ET Company Participants Aaron Turner - Head, Investor Relations Mark Mader - Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants Scott Berg - Needham Michael Berg - Wells Fargo Securities Josh Baer - Morgan Stanley Jake Roberge - William Blair John DiFucci - Guggenheim Steve Enders - Citi Pinjalim Bora - JPMorgan Taylor McGinnis - UBS Taylor McGinnis - UBS Keith Bachman - Bank of Montreal Terry Tillman - Truist Ethan Bruck - Wolfe Research DJ Hynes - Canaccord John Byun - Jefferies Chris Fountain - RBC Capital Markets Operator Good day, and welcome to the Smartsheet Third Quarter Fiscal 2024 Earnings Call. Today's call is being recorded.

Smartsheet Inc. (SMAR) Q3 2024 Earnings Call Transcript

Smartsheet (NYSE: SMAR ) just reported results for the third quarter of 2024. Smartsheet reported earnings per share of 16 cents.

SMAR Stock Earnings: Smartsheet Beats EPS, Beats Revenue for Q3 2024

Although the revenue and EPS for Smartsheet (SMAR) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Smartsheet (SMAR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Smartsheet (SMAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.01 per share a year ago.

Smartsheet (SMAR) Q3 Earnings and Revenues Beat Estimates

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces Third Quarter Fiscal Year 2024 Results.

Smartsheet Inc. Announces Third Quarter Fiscal Year 2024 Results

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise work management platform, and TIME together announced HP's Social Impact team as the first-ever TIME Team of the Year in partnership with Smartsheet for their work to promote digital equity. The recognition is part of a branded content partnership between TIME and Smartsheet to analyze and celebrate teamwork. It is designed to recognize an enterprise team that is working together to solve one of the world's greatest issues.

HP's Social Impact Team Named Inaugural TIME Team of the Year in a Branded Content Partnership with Smartsheet

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2024, which ended October 31, 2023, after the close of U.S. financial markets on December 7, 2023. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960.

Smartsheet to Announce Third Quarter of Fiscal Year 2024 Financial Results on December 7, 2023

AbCellera Biologics

Groupon

Nurix Therapeutics, Inc

Renalytix AI plc

GRPN, NRIX, RNLX, ABCL and SMAR have been added to the Zacks Rank #1 (Strong Buy) List on October 26, 2023.

New Strong Buy Stocks for October 26th

BELLEVUE, Wash. & SYDNEY--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise work management platform, announced its newest Smartsheet Region in Australia, strengthening the company's commitment to better serve its growing list of Asia-Pacific-Japan (APJ) customers, such as Fox Sports Australia, University of Adelaide, Western Australian Mental Health Commission, and Wine Australia. Smartsheet Regions are instances of Smartsheet located in geographic areas around the world that enable cust.

Smartsheet Invests in Australia-based Data Hosting to Better Serve Global Customer Base

I recommend a buy due to SMAR potential accelerated growth driven by innovative products, converting Excel users, and shifting to paid users. The company has demonstrated strong financial performance and I expect it to reach $1.57 billion in revenue by FY26. The incorporation of AI and success in landing large deals highlight Smartsheet's product innovation and market strategy.

Smartsheet: The Smart Thing To Do Is Long The Stock

Palo Alto Networks

Uber

Tech companies are commonly known for their explosive growth characteristics, with these three precisely fitting the criteria. On top of strong expected growth, all three sport a favorable Zacks Rank, undoubtedly a strong pairing.

3 Tech Stocks to Buy for High Growth

Smartsheet's stock has underperformed this year due to slower billing growth rates and increased competition in the workflow software market. Counterbalancing the deceleration in billings and revenue growth is a hugely improved operating margin, driven by largely flat opex. The Company remains an attractive long-term investment with potential for growth, but investors should take a conservative position here.

Smartsheet: Comfort In Profit Margins

BELLEVUE, Wash.--(BUSINESS WIRE)-- #SponsorX--In partnership with McLaren Formula 1 Team, Smartsheet (NYSE:SMAR), the enterprise work management platform, today announced it will highlight national women-led nonprofit, Girlstart, as the next Sponsor X taking the place of the Smartsheet logo on McLaren's F1 race cars at the United States Grand Prix on October 20-22, 2023. Inspiring the next generation of women in STEM Smartsheet and Girlstart believe that science, technology, engineering, and math (STEM) wi.

World-First Sponsor X Returns to United States Grand Prix with STEM-Focused Organization, Girlstart

Nutanix

Paycom Software

After a tumultuous summer, history says we might be due for a rally into year-end. According to Ryan Detrick at the Carson Group, when stocks fall more than 1% in August and September, they usually see a bounce in October.

Q4 Stock Predictions: 3 Cloud Computing Stocks Ready to Roar Into 2024

BELLEVUE, Wash.--(BUSINESS WIRE)-- #SmartsheetENGAGE--Smartsheet (NYSE:SMAR), the enterprise work management platform, today revealed its next generation Smartsheet platform featuring new product capabilities that unlock sophisticated solution building, AI-driven data insights, and massive scale during its annual ENGAGE customer conference. Whether opening new healthcare clinics, managing acquisitions, or running marketing programs with tens of thousands of projects simultaneously, Smartsheet supports its customer.

Smartsheet Unveils the Next Generation of its Enterprise Work Management Platform to Unlock Customer Potential at Scale

Smartsheet has become a GARP story as its growth has decelerated and valuations have compressed. The company's Q2 earnings release should have alleviated investor concerns, with reaffirmed billings growth and strong profitability. Smartsheet is gaining market share in the workflow management space and is expected to continue growing in the future.

Smartsheet: Once A Highly Valued Highflyer Now A Profitable GARP Story

The average of price targets set by Wall Street analysts indicates a potential upside of 27% in Smartsheet (SMAR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 27% Upside in Smartsheet (SMAR): Here's What You Should Know

Smartsheet easily outperformed all of its guidance metrics for its fiscal second quarter and raised its full-year outlook. The company says its scalability has helped drive strong demand.

Why Smartsheet Stock Popped Today

Smartsheet Inc. (NYSE:SMAR) stock was up over 6% on expectation beating second quarter results. The software company generated $235.6 million of revenue, ahead of an analyst consensus forecast of $229.6 milllion.

Smartsheet Inc rises as software firm's financials outperform

DocuSign

Smith & Wesson Brands

Shares of Smartsheet Inc. SMAR, -0.84% gained more than 6% after the company reported revenue and earnings that topped analyst estimates, and forecast strong sales for its fiscal year.

DocuSign shares rise after earnings, and other movers

Smartsheet Inc. (NYSE:SMAR ) Q2 2024 Earnings Conference Call September 7, 2024 4:30 PM ET Company Participants Aaron Turner - Head, Investor Relations Mark Mader - Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Josh Baer - Morgan Stanley Jacob Roberge - William Blair Tamjid Chowdhury - Guggenheim Securities Pinjalim Bora - JPMorgan Ethan Bruck - Wolfe Research Brent Thill - Jefferies & Company Scott Berg - Needham Keith Bachman - BMO Capital Markets Michael Berg - Wells Fargo Jackson Ader - MoffettNathanson Jason Celino - KeyBanc Capital Markets Robert Simmons - D.A. Davidson Pete Newton - Barclays Operator Good afternoon.

Smartsheet Inc. (SMAR) Q2 2024 Earnings Call Transcript

Smartsheet shares rose 6% in after-hours trading Thursday after the Bellevue, Wash.

News for Smartsheet Stock (SMAR)