Smartsheet Income Statement 2024-2011 | SMAR

Brief overview of financial results at Smartsheet

The figures are compared over a five-year interval. According to figures from Smartsheet, revenue changed from 178 million dollars to 958 million dollars over five years. The five-year change reached +439.2%, while CAGR stood at 40.1%. Sales grew at a rate typical of a strong expansion phase.

The five-year change in gross profit reached +436.5%: from 144 million dollars to 772 million dollars. Direct costs outpaced revenue, limiting the benefit of changes in sales. At the margin level, the figure shifted from 81% to 80.5%. The relationship between gross profit and revenue changed only slightly.

EBITDA was −$47.9 million at the beginning and −$93.3 million at the end of the period (−94.8%). EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of −26.9% and −9.7%. The business generated more EBITDA from each unit of revenue.

Across the five years, the net result shifted from −$53.9 million to −$105 million. The period ended with a larger loss than it began with.

The market value of the business moved from 3.7 billion dollars to 5.2 billion dollars, or +39.9%. Market optimism is not supported by the direction of the results.

Summary assessment

The results present an uneven picture without one dominant signal. The positive side is supported by consistent sales economics, an improving EBITDA margin and revenue expansion. The overall view is constrained by a low EBITDA margin and lower net income. Investors should continue to monitor margins, costs, and earnings quality.