2022 Q2 Form 10-Q Financial Statement
#000136656122000081 Filed on June 07, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q2 |
---|---|---|---|
Revenue | $168.3M | $157.4M | $117.1M |
YoY Change | 43.75% | 43.21% | 36.96% |
Cost Of Revenue | $37.16M | $33.02M | $26.57M |
YoY Change | 39.84% | 35.33% | 44.09% |
Gross Profit | $131.2M | $124.4M | $90.51M |
YoY Change | 44.9% | 45.46% | 35.0% |
Gross Profit Margin | 77.92% | 79.02% | 77.3% |
Selling, General & Admin | $148.4M | $115.3M | $92.40M |
YoY Change | 60.65% | 40.07% | 32.22% |
% of Gross Profit | 113.18% | 92.69% | 102.08% |
Research & Development | $52.52M | $48.74M | $36.47M |
YoY Change | 43.99% | 50.89% | 40.33% |
% of Gross Profit | 40.04% | 39.19% | 40.3% |
Depreciation & Amortization | $6.078M | $14.10M | $4.792M |
YoY Change | 26.84% | 191.95% | 60.37% |
% of Gross Profit | 4.63% | 11.34% | 5.29% |
Operating Expenses | $201.0M | $176.5M | $128.9M |
YoY Change | 55.93% | 54.16% | 34.42% |
Operating Profit | -$69.80M | -$52.15M | -$38.36M |
YoY Change | 81.96% | 79.81% | 33.09% |
Interest Expense | $388.0K | $13.00K | $11.00K |
YoY Change | 3427.27% | -99.15% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$828.0K | -$925.0K | $1.327M |
YoY Change | -162.4% | -331.25% | -720.09% |
Pretax Income | -$70.24M | -$53.06M | -$37.02M |
YoY Change | 89.73% | 85.51% | 33.6% |
Income Tax | $200.0K | $82.00K | $49.00K |
% Of Pretax Income | |||
Net Earnings | -$70.46M | -$53.14M | -$37.07M |
YoY Change | 90.05% | 85.15% | 33.43% |
Net Earnings / Revenue | -41.86% | -33.76% | -31.66% |
Basic Earnings Per Share | -$0.55 | -$0.30 | |
Diluted Earnings Per Share | -$0.55 | -$418.2K | -$0.30 |
COMMON SHARES | |||
Basic Shares Outstanding | 128.5M shares | 128.6M shares | 124.1M shares |
Diluted Shares Outstanding | 128.5M shares | 124.1M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $446.7M | $449.1M | $439.7M |
YoY Change | 1.59% | 1.55% | -19.21% |
Cash & Equivalents | $239.7M | $449.1M | $439.7M |
Short-Term Investments | $207.0M | ||
Other Short-Term Assets | $46.01M | $34.39M | $17.45M |
YoY Change | 163.6% | 154.74% | 74.54% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $119.5M | $151.1M | $89.31M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $612.1M | $634.6M | $546.4M |
YoY Change | 12.03% | 13.65% | -9.48% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $37.79M | $36.84M | $32.39M |
YoY Change | 16.67% | 28.74% | 19.72% |
Goodwill | $125.6M | $125.6M | $125.6M |
YoY Change | 0.0% | 0.0% | 661.38% |
Intangibles | $41.61M | $44.10M | $51.62M |
YoY Change | -19.39% | -18.55% | 260.81% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.930M | $3.194M | $3.167M |
YoY Change | -7.48% | -6.93% | 21.16% |
Total Long-Term Assets | $369.8M | $368.2M | $357.1M |
YoY Change | 3.57% | 4.19% | 99.5% |
TOTAL ASSETS | |||
Total Short-Term Assets | $612.1M | $634.6M | $546.4M |
Total Long-Term Assets | $369.8M | $368.2M | $357.1M |
Total Assets | $982.0M | $1.003B | $903.5M |
YoY Change | 8.69% | 9.99% | 15.44% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.366M | $1.506M | $2.832M |
YoY Change | 160.1% | -47.18% | -53.63% |
Accrued Expenses | $90.05M | $103.6M | $64.86M |
YoY Change | 38.82% | 26.09% | 60.16% |
Deferred Revenue | $344.7M | $332.3M | $238.7M |
YoY Change | 44.39% | 49.21% | 46.67% |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $442.1M | $437.4M | $306.4M |
YoY Change | 44.28% | 42.15% | 44.79% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $58.91M | $0.00 | $3.904M |
YoY Change | 1409.07% | -100.0% | 155.0% |
Total Long-Term Liabilities | $58.91M | $0.00 | $3.904M |
YoY Change | 1409.07% | -100.0% | 155.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $442.1M | $437.4M | $306.4M |
Total Long-Term Liabilities | $58.91M | $0.00 | $3.904M |
Total Liabilities | $501.0M | $498.1M | $380.0M |
YoY Change | 31.85% | 29.41% | 39.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$613.0M | -$542.5M | -$408.5M |
YoY Change | 50.06% | 46.06% | 43.72% |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $481.0M | $504.8M | $523.5M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $982.0M | $1.003B | $903.5M |
YoY Change | 8.69% | 9.99% | 15.44% |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$70.46M | -$53.14M | -$37.07M |
YoY Change | 90.05% | 85.15% | 33.43% |
Depreciation, Depletion And Amortization | $6.078M | $14.10M | $4.792M |
YoY Change | 26.84% | 191.95% | 60.37% |
Cash From Operating Activities | -$5.053M | -$152.0K | -$2.961M |
YoY Change | 70.65% | -101.0% | -87.81% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.691M | -$2.622M | $3.220M |
YoY Change | -47.48% | -16.5% | 216.31% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$206.6M | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$210.6M | -$2.622M | -$5.237M |
YoY Change | 3920.85% | 38.0% | -111.08% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $6.808M | 13.11M | $5.327M |
YoY Change | 27.8% | 70.08% | -0.86% |
NET CHANGE | |||
Cash From Operating Activities | -$5.053M | -152.0K | -$2.961M |
Cash From Investing Activities | -$210.6M | -2.622M | -$5.237M |
Cash From Financing Activities | $6.808M | 13.11M | $5.327M |
Net Change In Cash | -$209.6M | 10.34M | -$2.424M |
YoY Change | 8548.43% | -50.79% | -108.62% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.053M | -$152.0K | -$2.961M |
Capital Expenditures | $1.691M | -$2.622M | $3.220M |
Free Cash Flow | -$6.744M | $2.470M | -$6.181M |
YoY Change | 9.11% | -86.53% | -75.57% |
Facts In Submission
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CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-612991000 | USD |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-542534000 | USD |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
480976000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
504779000 | USD |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
981958000 | USD |
CY2022Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1002832000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
504779000 | USD |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3714000 | USD |
CY2022Q2 | smar |
Share Based Payment Arrangement Taxes Paid For Tax Withholding Obligation
ShareBasedPaymentArrangementTaxesPaidForTaxWithholdingObligation
|
1366000 | USD |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
44648000 | USD |
CY2022Q2 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-342000 | USD |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-70457000 | USD |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
480976000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
526929000 | USD |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12315000 | USD |
CY2021Q2 | smar |
Share Based Payment Arrangement Taxes Paid For Tax Withholding Obligation
ShareBasedPaymentArrangementTaxesPaidForTaxWithholdingObligation
|
2763000 | USD |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
24101000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37072000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
523510000 | USD |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-70457000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37072000 | USD |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
43900000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
23717000 | USD |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
3899000 | USD |
CY2021Q2 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
3491000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-31489000 | USD |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
6078000 | USD |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
4792000 | USD |
CY2022Q2 | us-gaap |
Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
|
13077000 | USD |
CY2021Q2 | us-gaap |
Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
|
9201000 | USD |
CY2022Q2 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
49000 | USD |
CY2021Q2 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | USD |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-589000 | USD |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
319000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-13357000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
13103000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3634000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-32000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-199000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5688000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1072000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
5595000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-5480000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-23790000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-7465000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
15895000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
15341000 | USD |
CY2022Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
11761000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
15670000 | USD |
CY2022Q2 | smar |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
3867000 | USD |
CY2021Q2 | smar |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
3005000 | USD |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5053000 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2961000 | USD |
CY2022Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
207274000 | USD |
CY2021Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD |
CY2022Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1691000 | USD |
CY2021Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3220000 | USD |
CY2022Q2 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
622000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
0 | USD |
CY2022Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
94000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
CY2022Q2 | us-gaap |
Payments For Software
PaymentsForSoftware
|
2323000 | USD |
CY2021Q2 | us-gaap |
Payments For Software
PaymentsForSoftware
|
2017000 | USD |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-210572000 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5237000 | USD |
CY2022Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1370000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3403000 | USD |
CY2022Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1366000 | USD |
CY2021Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2763000 | USD |
CY2022Q2 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
6804000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
4687000 | USD |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6808000 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5327000 | USD |
CY2022Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-821000 | USD |
CY2021Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
447000 | USD |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-209638000 | USD |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2424000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
449680000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
442348000 | USD |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
240042000 | USD |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
439924000 | USD |
CY2022Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
68000 | USD |
CY2021Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
27000 | USD |
CY2022Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
4464000 | USD |
CY2021Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2022Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
789000 | USD |
CY2021Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1505000 | USD |
CY2022Q2 | smar |
Share Based Compensation Capitalized Software Development Costs
ShareBasedCompensationCapitalizedSoftwareDevelopmentCosts
|
748000 | USD |
CY2021Q2 | smar |
Share Based Compensation Capitalized Software Development Costs
ShareBasedCompensationCapitalizedSoftwareDevelopmentCosts
|
384000 | USD |
CY2022Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:9pt;margin-top:6pt;padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. Actual results could differ from those estimates. The Company’s most significant estimates and judgments involve revenue recognition with respect to the allocation of transaction consideration for the Company’s offerings; determination of the amortization period for capitalized sales commission costs; and the measurement of fair values of share-based compensation award grants, among others.</span></div> | |
CY2022Q2 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
239683000 | USD |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
439656000 | USD |
CY2022Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
343000 | USD |
CY2021Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
250000 | USD |
CY2022Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
16000 | USD |
CY2021Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
18000 | USD |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
240042000 | USD |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
439924000 | USD |
CY2022Q2 | smar |
Capitalized Software Development Costs For Internal Use Software
CapitalizedSoftwareDevelopmentCostsForInternalUseSoftware
|
2600000 | USD |
CY2021Q2 | smar |
Capitalized Software Development Costs For Internal Use Software
CapitalizedSoftwareDevelopmentCostsForInternalUseSoftware
|
1800000 | USD |
CY2022Q2 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
1900000 | USD |
CY2021Q2 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
1200000 | USD |
CY2022Q2 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-bottom:9pt;margin-top:6pt;padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of risk and significant customers</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash, cash equivalents, short-term investments, and accounts receivable. The Company maintains its cash accounts with financial institutions where deposits, at times, exceed the Federal Deposit Insurance Corporation (“FDIC”) limits.</span></div> | |
CY2022Q2 | smar |
Deferred Sales Commissions Amortization Period
DeferredSalesCommissionsAmortizationPeriod
|
P3Y | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-70457000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37072000 | USD |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
401000000 | USD |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.91 | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2022Q2 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
94100000 | USD |
CY2022Q1 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
91300000 | USD |
CY2022Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
13100000 | USD |
CY2021Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
9200000 | USD |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
128519000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
128519000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124110000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124110000 | shares |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.55 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.55 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.30 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.30 | |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11785000 | shares |
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12104000 | shares |
CY2022Q2 | us-gaap |
Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
378011000 | USD |
CY2022Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
2000 | USD |
CY2022Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
344000 | USD |
CY2022Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
377669000 | USD |
CY2022Q2 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
|
500000 | USD |
CY2022Q2 | smar |
Debt Securities Trading Amortized Cost Maturity Allocated And Single Maturity Date Year One
DebtSecuritiesTradingAmortizedCostMaturityAllocatedAndSingleMaturityDateYearOne
|
184237000 | USD |
CY2022Q2 | smar |
Debt Securities Trading Fair Value Maturity Allocated And Single Maturity Date Year One
DebtSecuritiesTradingFairValueMaturityAllocatedAndSingleMaturityDateYearOne
|
184027000 | USD |
CY2022Q2 | smar |
Debt Securities Trading Amortized Cost Maturity Allocated And Single Maturity Date After Year One Through Five
DebtSecuritiesTradingAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughFive
|
23086000 | USD |
CY2022Q2 | smar |
Debt Securities Trading Fair Value Maturity Allocated And Single Maturity Date After Year One Through Five
DebtSecuritiesTradingFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughFive
|
22954000 | USD |
CY2022Q2 | us-gaap |
Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
|
207323000 | USD |
CY2022Q2 | us-gaap |
Trading Securities Debt
TradingSecuritiesDebt
|
206981000 | USD |
CY2022Q2 | us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
0 | USD |
CY2022Q2 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | USD |
CY2022Q2 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P4Y8M12D | |
CY2022Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
44009000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
61864000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
20254000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
41610000 | USD |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
61864000 | USD |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
17768000 | USD |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
44096000 | USD |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
41525000 | USD |
CY2022 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P4Y10M24D | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2500000 | USD |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2500000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
7456000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
9942000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
8740000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
7023000 | USD |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
4858000 | USD |
CY2022Q2 | smar |
Finite Lived Intangible Assets Expected Amortization After Year Four
FiniteLivedIntangibleAssetsExpectedAmortizationAfterYearFour
|
3547000 | USD |
CY2022Q2 | smar |
Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
|
41566000 | USD |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
43900000 | USD |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
23859000 | USD |
CY2022Q2 | smar |
Capitalized Software Development Costs Excluded From Share Based Compensation Expense
CapitalizedSoftwareDevelopmentCostsExcludedFromShareBasedCompensationExpense
|
700000 | USD |
CY2021Q2 | smar |
Capitalized Software Development Costs Excluded From Share Based Compensation Expense
CapitalizedSoftwareDevelopmentCostsExcludedFromShareBasedCompensationExpense
|
400000 | USD |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
200000 | USD |
CY2022Q2 | smar |
Lessee Leases Renewal Term
LesseeLeasesRenewalTerm
|
P5Y | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y10M24D | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P6Y | |
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
4100000 | USD |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.049 | |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4879000 | USD |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4532000 | USD |
CY2022Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
129000 | USD |
CY2021Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
343000 | USD |
CY2022Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
567000 | USD |
CY2021Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
588000 | USD |
CY2022Q2 | us-gaap |
Lease Cost
LeaseCost
|
5575000 | USD |
CY2021Q2 | us-gaap |
Lease Cost
LeaseCost
|
5463000 | USD |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
4652000 | USD |
CY2022Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
4464000 | USD |
CY2021Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.051 | |
CY2022Q2 | smar |
Lessee Lease Payments Accretion Of Liability
LesseeLeasePaymentsAccretionOfLiability
|
900000 | USD |
CY2021Q2 | smar |
Lessee Lease Payments Accretion Of Liability
LesseeLeasePaymentsAccretionOfLiability
|
1100000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
14746000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
20115000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
16037000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
13298000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
9991000 | USD |
CY2022Q2 | smar |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
11467000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
85654000 | USD |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
9176000 | USD |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
76478000 | USD |
CY2022Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
85107000 | USD |
CY2022Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
84287000 | USD |
CY2022Q1 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
10000000 | USD |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
168310000 | USD |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
117082000 | USD |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
117082000 | USD |