Smartsheet Inc - Understand $smar stock

$SMAR Market Cap: $7.787 Billion

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Financial Snapshot

Revenue

$1.042B

TTM

Gross Margin

81.59%

TTM

Net Earnings

-$42.40M

TTM

Current Assets

$963.6M

Q3 2024

Current Liabilities

$662.6M

Q3 2024

Current Ratio

145.44%

Q3 2024

Total Assets

$1.363B

Q3 2024

Total Liabilities

$692.0M

Q3 2024

Book Value

$670.9M

Q3 2024

Cash

$393.5M

Q3 2024

P/E

-183.6

Nov 11, 2024 EST

Free Cash Flow

$174.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$958.3M	$766.9M	$550.8M	$385.5M	$270.9M	$177.7M	$111.3M	$66.96M	$40.80M
YoY Change	24.96%	39.23%	42.88%	42.32%	52.42%	59.75%	66.14%	64.13%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$958.3M	$766.9M	$550.8M	$385.5M	$270.9M	$177.7M	$111.3M	$66.96M	$40.80M
Cost Of Revenue	$186.4M	$165.3M	$116.5M	$85.54M	$52.90M	$33.85M	$21.68M	$14.13M	$8.600M
Gross Profit	$771.9M	$601.6M	$434.4M	$300.0M	$218.0M	$143.9M	$89.57M	$52.83M	$32.20M
Gross Profit Margin	80.54%	78.45%	78.86%	77.81%	80.47%	80.95%	80.51%	78.89%	78.92%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$604.5M	$608.1M	$439.0M	$301.7M	$226.3M	$140.1M	$101.0M	$48.35M	$32.60M
YoY Change	-0.59%	38.52%	45.48%	33.34%	61.5%	38.79%	108.83%	48.3%
% of Gross Profit	78.31%	101.07%	101.06%	100.58%	103.81%	97.39%	112.71%	91.51%	101.24%
Research & Development	$234.1M	$215.2M	$165.4M	$118.7M	$95.47M	$58.84M	$37.59M	$19.64M	$12.90M
YoY Change	8.77%	30.08%	39.35%	24.36%	62.25%	56.53%	91.4%	52.25%
% of Gross Profit	30.32%	35.77%	38.09%	39.58%	43.8%	40.9%	41.97%	37.18%	40.06%
Depreciation & Amortization	$27.01M	$24.86M	$21.77M	$17.26M	$13.45M	$7.200M	$4.000M	$978.0K	$560.0K
YoY Change	8.67%	14.2%	26.14%	28.3%	86.79%	80.0%	309.0%	74.64%
% of Gross Profit	3.5%	4.13%	5.01%	5.75%	6.17%	5.0%	4.47%	1.85%	1.74%
Operating Expenses	$892.2M	$823.3M	$604.4M	$420.4M	$321.8M	$199.0M	$138.5M	$67.99M	$46.50M
YoY Change	8.37%	36.21%	43.75%	30.67%	61.72%	43.6%	103.79%	46.21%
Operating Profit	-$120.3M	-$221.6M	-$170.0M	-$120.5M	-$103.8M	-$55.08M	-$48.98M	-$15.16M	-$14.30M
YoY Change	-45.73%	30.35%	41.14%	16.09%	88.39%	12.47%	223.18%	5.98%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$25.64M	$7.742M	$48.00K	$1.444M	$8.410M	$400.0K	$300.0K	$200.0K	$0.00
YoY Change	231.19%	16029.17%	-96.68%	-82.83%	2002.5%	33.33%	50.0%
% of Operating Profit
Other Income/Expense, Net	-$1.501M	$1.104M	-$813.0K	$296.0K	-$462.0K	-$1.815M	-$975.0K
YoY Change	-235.96%	-235.79%	-374.66%	-164.07%	-74.55%	86.15%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$96.14M	-$212.8M	-$170.8M	-$118.7M	-$95.83M	-$53.59M	-$49.41M	-$15.18M	-$14.30M
YoY Change	-54.82%	24.58%	43.85%	23.9%	78.81%	8.46%	225.43%	6.18%
Income Tax	$8.489M	$2.849M	$296.0K	-$3.753M	$114.0K	$293.0K	-$307.0K	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$104.6M	-$215.6M	-$171.1M	-$115.0M	-$95.94M	-$53.89M	-$49.11M	-$15.18M	-$14.30M
YoY Change	-51.48%	26.03%	48.81%	19.84%	78.05%	9.73%	223.41%	6.18%
Net Earnings / Revenue	-10.92%	-28.12%	-31.06%	-29.82%	-35.42%	-30.32%	-44.14%	-22.67%	-35.05%
Basic Earnings Per Share	-$0.78	-$1.66	-$1.36	-$0.95	-$0.85
Diluted Earnings Per Share	-$0.78	-$1.66	-$1.36	-$0.95	-$0.85	-$648.6K	-$496.5K	-$153.7K	-$144.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017
Cash & Short-Term Investments	$628.8M	$456.4M	$449.1M	$442.2M	$566.5M	$213.1M	$58.20M	$32.20M
YoY Change	37.78%	1.63%	1.55%	-21.94%	165.84%	266.15%	80.75%
Cash & Equivalents	$282.1M	$223.2M	$449.1M	$442.2M	$515.9M	$213.1M	$58.20M	$22.10M
Short-Term Investments	$346.7M	$233.2M		$0.00	$50.50M		$0.00	$10.10M
Other Short-Term Assets	$64.37M	$55.06M	$34.39M	$13.50M	$7.600M	$3.900M	$4.600M	$2.200M
YoY Change	16.9%	60.11%	154.74%	77.63%	94.87%	-15.22%	109.09%
Inventory
Prepaid Expenses
Receivables	$238.7M	$198.6M	$151.1M	$102.6M	$56.90M	$30.20M	$14.90M	$5.400M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$931.9M	$710.1M	$634.6M	$558.4M	$631.0M	$247.2M	$77.70M	$39.90M
YoY Change	31.23%	11.89%	13.65%	-11.51%	155.26%	218.15%	94.74%
Property, Plant & Equipment	$81.84M	$93.67M	$104.0M	$109.7M	$84.60M	$22.50M	$17.20M	$8.800M
YoY Change	-12.63%	-9.94%	-5.19%	29.67%	276.0%	30.81%	95.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$154.3M	$125.0M	$94.52M	$64.00M	$50.50M	$31.70M	$19.70M	$7.500M
YoY Change	23.5%	32.21%	47.69%	26.73%	59.31%	60.91%	162.67%
Total Long-Term Assets	$405.6M	$400.1M	$368.2M	$353.4M	$166.7M	$61.50M	$38.90M	$16.40M
YoY Change	1.37%	8.66%	4.2%	112.0%	171.06%	58.1%	137.2%
Total Assets	$1.337B	$1.110B	$1.003B	$911.8M	$797.7M	$308.7M	$116.6M	$56.30M
YoY Change
Accounts Payable	$2.937M	$2.125M	$1.506M	$2.900M	$7.700M	$4.700M	$2.600M	$2.000M
YoY Change	38.21%	41.1%	-48.07%	-62.34%	63.83%	80.77%	30.0%
Accrued Expenses	$124.0M	$115.0M	$103.6M	$82.20M	$65.10M	$32.10M	$16.30M	$7.700M
YoY Change	7.85%	10.96%	26.09%	26.27%	102.8%	96.93%	111.69%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$216.0K			$0.00	$2.500M	$3.800M	$2.800M	$1.800M
YoY Change				-100.0%	-34.21%	35.71%	55.56%
Total Short-Term Liabilities	$695.9M	$574.7M	$437.4M	$307.7M	$233.2M	$136.3M	$78.90M	$44.10M
YoY Change	21.09%	31.37%	42.16%	31.95%	71.09%	72.75%	78.91%
Long-Term Debt	$455.0K	$0.00	$0.00	$0.00	$1.700M	$2.200M	$3.700M	$3.900M
YoY Change				-100.0%	-22.73%	-40.54%	-5.13%
Other Long-Term Liabilities	$35.32M	$49.89M	$60.61M	$77.10M	$48.80M	$3.300M	$2.100M	$700.0K
YoY Change	-29.2%	-17.7%	-21.38%	57.99%	1378.79%	57.14%	200.0%
Total Long-Term Liabilities	$35.77M	$49.89M	$60.61M	$77.10M	$50.50M	$5.500M	$5.800M	$4.600M
YoY Change	-28.29%	-17.7%	-21.38%	52.67%	818.18%	-5.17%	26.09%
Total Liabilities	$731.6M	$624.6M	$498.1M	$384.9M	$283.7M	$141.8M	$84.70M	$48.70M
YoY Change	17.14%	25.4%	29.4%	35.67%	100.07%	67.41%	73.92%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020
Basic Shares Outstanding	134.5M shares	130.1M shares	125.6M shares	120.7M shares	113.0M shares
Diluted Shares Outstanding	134.5M shares	130.1M shares	125.6M shares	120.7M shares	113.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.7869 Billion

About Smartsheet Inc

Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. The company is headquartered in Bellevue, Washington and currently employs 3,330 full-time employees. The company went IPO on 2018-04-27. The Company’s platform enables teams of all sizes to manage custom processes, programs, and portfolios that fit the way they work. The company delivers its cloud-based software platform through a subscription model globally. Its products include Smartsheet, WorkApps, Smartsheet Advance, Smartsheet Safeguard, Connectors, Control Center, Dynamic View, Data Shuttle, Bridge, Calendar App, Pivot App, DataMesh, Resource Management and Brandfolder. The Smartsheet is offered in a number of packages to meet the needs of customers looking to manage their programs, projects, and portfolios. In addition to its Smartsheet offering, it sells additional product offerings, referred to as Premium Apps and Connectors, enabling customers to build more complex solutions to address the demanding business work management need.

Industry: Services-Prepackaged Software Peers: Alteryx, Inc. Appfolio Inc Asana Inc Coupa Software Inc DoubleVerify Holdings Inc Freshworks Inc nCino Inc Nutanix Inc Salesforce Inc SPS Commerce Inc