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Private company

SMARTSHEET INC

SMARTSHEET INC is an American prepackaged software services company, incorporated in Washington.1 It is headquartered in Bellevue, Washington.1

Last updated Oct 21, 2026.

Overview

$958.3MRevenue, fiscal 20242
-$104.6MNet income, fiscal 20242
  • IndustryServices-Prepackaged Software1
  • HeadquartersBellevue, Washington1
  • Incorporated inWA3
  • Business address500 108Th Ave Ne, Suite 200, Bellevue, Wa 980043
  • Filer categoryLarge accelerated filer3

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These and other factors that could cause actual results to differ from those implied by the forward-looking statements in this Form 10-K are more fully described in the section titled “Risk Factors” and elsewhere in this Annual Report. The risks described in the section titled “Risk Factors” are not exhaustive. Other sections of this Annual Report describe additional factors that could adversely affect our business, financial condition, or results of operations. New risks emerge from time to time and it is not possible for us to predict all risks, nor can we assess the impact of all risks on our business, or the extent to which any risk or combination of risks may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by th…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

80.5%Gross margin2
-12.6%Operating margin2
-10.9%Net margin2
25.0%Revenue growth, 20242
-17.3%Return on equity2
$155.3MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue19¢$186.4M
  • Research and development24¢$234.1M
  • Other costs55¢$529.3M
  • Income tax1¢$8.5M

Out of $958.3M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending2¢$2.6M
  • Kept or used elsewhere98¢$155.3M

Out of $157.9M of cash from operations.2

Financial statements

Revenue6789102$958.3M in 2024+1331% since 2017
0$250.0M$500.0M$750.0M$1.0B2017: $67.0M$67.0M20172018: $111.3M$111.3M2018+66%2019: $177.7M$177.7M2019+60%2020: $270.9M$270.9M2020+52%2021: $385.5M$385.5M2021+42%2022: $550.8M$550.8M2022+43%2023: $766.9M$766.9M2023+39%2024: $958.3M$958.3M2024+25%
Gross profit6789102$771.9M in 2024+1361% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $52.8M$52.8M20172018: $89.6M$89.6M2018+70%2019: $143.9M$143.9M2019+61%2020: $218.0M$218.0M2020+52%2021: $300.0M$300.0M2021+38%2022: $434.4M$434.4M2022+45%2023: $601.6M$601.6M2023+39%2024: $771.9M$771.9M2024+28%
Operating income6789102-$120.3M in 2024+694% since 2017
-$300.0M-$200.0M-$100.0M02017: -$15.2M-$15.2M20172018: -$49.0M-$49.0M2018+223%2019: -$55.1M-$55.1M2019+12%2020: -$103.8M-$103.8M2020+88%2021: -$120.5M-$120.5M2021+16%2022: -$170.0M-$170.0M2022+41%2023: -$221.6M-$221.6M2023+30%2024: -$120.3M-$120.3M2024−46%
Net income6789102-$104.6M in 2024+589% since 2017
-$300.0M-$200.0M-$100.0M02017: -$15.2M-$15.2M20172018: -$49.1M-$49.1M2018+223%2019: -$53.9M-$53.9M2019+10%2020: -$95.9M-$95.9M2020+78%2021: -$115.0M-$115.0M2021+20%2022: -$171.1M-$171.1M2022+49%2023: -$215.6M-$215.6M2023+26%2024: -$104.6M-$104.6M2024−51%
Fiscal year20172018201920202021202220232024
Revenue$67.0M6$111.3M7$177.7M8$270.9M9$385.5M10$550.8M2$766.9M2$958.3M2
Cost of revenue$14.1M6$21.7M7$33.8M8$52.9M9$85.5M10$116.5M2$165.3M2$186.4M2
Gross profit$52.8M6$89.6M7$143.9M8$218.0M9$300.0M10$434.4M2$601.6M2$771.9M2
Research and development$19.6M6$37.6M7$58.8M8$95.5M9$118.7M10$165.4M2$215.2M2$234.1M2
Operating expenses$604.4M2$823.3M2$892.2M2
Operating income-$15.2M6-$49.0M7-$55.1M8-$103.8M9-$120.5M10-$170.0M2-$221.6M2-$120.3M2
Interest$200.0K6$300.0K6$400.0K6
Income before tax-$170.8M2-$212.8M2-$96.1M2
Income tax$06-$307.0K7$293.0K8$114.0K9-$3.8M10$296.0K2$2.8M2$8.5M2
Net income-$15.2M6-$49.1M7-$53.9M8-$95.9M9-$115.0M10-$171.1M2-$215.6M2-$104.6M2
Earnings per share-$0.859-$0.9510-$1.362-$1.662-$0.782
Earnings per share (diluted)-$0.859-$0.9510-$1.362-$1.662-$0.782
Shares (weighted, basic)125.6M shares2130.1M shares2134.5M shares2
Shares (weighted, diluted)125.6M shares2130.1M shares2134.5M shares2

Compare SMARTSHEET INC with another company

Corporate structure

SMARTSHEET INC sits at the top of its group. 12 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SMARTSHEET INC

  • SMARTSHEET INC Bellevue, Washington
    • Artefact Product Group, LLC Subsidiary · Washington, United States
    • Brandfolder, Inc. Subsidiary · Delaware, United States
    • On Brand Australia Pty Ltd Subsidiary · Australia
    • On Brand Holdings Inc Subsidiary · Delaware, United States
    • On Brand Investments Ltd Subsidiary · United Kingdom
    • Smartsheet Australia Pty Ltd Subsidiary · Australia
    • Smartsheet Costa Rica Ltda. Subsidiary · Costa Rica
    • Smartsheet Germany GmbH Subsidiary · Germany
    • Smartsheet Japan K.K. Subsidiary · Japan
    • Smartsheet UK Limited Subsidiary · United Kingdom
    • TernPro Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SMARTSHEET INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$15.9M2 Jan 31, 2024$11.0M2 Jan 31, 2023+44.5%
Property and equipment, before depreciation$62.4M10 Jan 31, 2023$60.4M10 Jan 31, 2022+3.2%
Accumulated depreciation$23.0M10 Jan 31, 2023$23.6M10 Jan 31, 2022−2.8%
Property and equipment, net$39.4M10 Jan 31, 2023$36.8M10 Jan 31, 2022+6.9%
Operating-lease assets (leased space)$39.5M2 Jan 31, 2024$54.3M2 Jan 31, 2023−27.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$282.1M2 Jan 31, 2024$223.2M2 Jan 31, 2023+26.4%
Marketable securities, current$346.7M2 Jan 31, 2024$233.2M2 Jan 31, 2023+48.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$141.5M2 Jan 31, 2024$142.4M2 Jan 31, 2023−0.7%
Intangible assets, net (excluding goodwill)$28.0M2 Jan 31, 2024$39.1M2 Jan 31, 2023−28.4%
Finite-lived intangibles, gross$66.9M2 Jan 31, 2024$67.2M2 Jan 31, 2023−0.4%
Accumulated amortization$38.9M2 Jan 31, 2024$28.1M2 Jan 31, 2023+38.5%
Finite-lived intangibles, net$28.0M2 Jan 31, 2024$39.1M2 Jan 31, 2023−28.4%

Leadership

Who has led SMARTSHEET INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Patrick Mader2018–2025

President

  1. Mark Patrick Mader2018–2025
  2. Max Long2024–2025
  3. Garg Praerit2025

Chief financial officer

  1. Jennifer Ceran2018–2020
  2. Pete Godbole2020–2025

Chief operating officer

  1. Stephen Robert Branstetter2021–2024
20202025
Board members and other officers (23)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Artefact Product Group, LLC Washington, USA4
  • Brandfolder, Inc. Delaware, USA4
  • On Brand Australia Pty Ltd Australia4
  • On Brand Holdings Inc Delaware, USA4
  • On Brand Investments Ltd United Kingdom4
  • On Brand Investments Pty Ltd Australia4
  • Smartsheet Australia Pty Ltd Australia4
  • Smartsheet Costa Rica Ltda. Costa Rica4
  • Smartsheet Germany GmbH Germany4
  • Smartsheet Japan K.K. Japan4
  • Smartsheet UK Limited United Kingdom4
  • TernPro Inc. Delaware, USA4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SMARTSHEET.COM INCJun 8, 2006 to Nov 8, 20163

Timeline

  1. Jan 22, 20258-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer43
  2. Dec 9, 20248-K Shareholder vote; Other events44
  3. Dec 5, 20248-K Results of operations45
  4. Nov 14, 20248-K Other events46
  5. Sep 24, 20248-K Entered a material agreement; Other events47
  6. Sep 18, 20248-K Executive or director change48
  7. Sep 5, 20248-K Results of operations49
  8. Jun 20, 20248-K Shareholder vote50
  9. Jun 5, 20248-K Results of operations51
  10. May 31, 20248-K Executive or director change52
  11. Apr 19, 20248-K Other events53
  12. Mar 22, 20248-K Executive or director change; Regulation FD disclosure54
  13. Apr 26, 2018New chief executive Mark Patrick Mader becomes CEO15

Calendar

When it reported results

  1. Dec 5, 2024Reported quarterly or annual results45
  2. Sep 5, 2024Reported quarterly or annual results49
  3. Jun 5, 2024Reported quarterly or annual results51
  4. Mar 14, 2024Reported quarterly or annual results55
  5. Dec 7, 2023Reported quarterly or annual results56
  6. Sep 7, 2023Reported quarterly or annual results57
  7. Jun 7, 2023Reported quarterly or annual results58
  8. Mar 14, 2023Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

481 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 31 major events, 329 insider forms, 17 large holders, 91 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. Feb 14, 2025SCHEDULE 13G EDGAR
  3. Jan 30, 2025SCHEDULE 13G/A EDGAR
  4. Jan 24, 20254 EDGAR
  5. Jan 24, 20254 EDGAR
  6. Jan 24, 20254 EDGAR
  7. Jan 24, 20254 EDGAR
  8. Jan 24, 20254 EDGAR
  9. Jan 24, 20254 EDGAR
  10. Jan 24, 20254 EDGAR
  11. Jan 24, 20254 EDGAR
  12. Jan 24, 20254 EDGAR
  13. Jan 24, 20254 EDGAR
  14. Jan 24, 20254 EDGAR
  15. Jan 24, 20254 EDGAR
  16. Jan 24, 20254 EDGAR
  17. Jan 24, 20254 EDGAR
  18. Jan 22, 2025S-8 POS EDGAR
  19. Jan 22, 2025S-8 POS EDGAR
  20. Jan 22, 2025S-8 POS EDGAR

The 481 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

121 open-market trades by officers, directors and large owners since October 2021: 6 buys and 115 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 6, 2025MADER MARK PATRICKPresident & CEOSale5,000$56.07$280.4KForm 4
Jan 2, 2025Marshall Jolene LauChief Legal OfficerSale2,000$56.18$112.4KForm 4
Dec 17, 2024MADER MARK PATRICKPresident & CEOSale47,916$55.96$2.7MForm 4
Dec 16, 2024MADER MARK PATRICKPresident & CEOSale5,000$56.00$280.0KForm 4
Dec 13, 2024Marshall Jolene LauChief Legal OfficerSale2,000$55.99$112.0KForm 4
Nov 15, 2024Marshall Jolene LauChief Legal OfficerSale3,205$55.92$179.2KForm 4
Nov 4, 2024MADER MARK PATRICKPresident & CEOSale5,000$56.05$280.2KForm 4
Oct 2, 2024MADER MARK PATRICKPresident & CEOSale5,000$55.35$276.8KForm 4
Oct 1, 2024Marshall Jolene LauChief Legal OfficerSale3,571$55.37$197.7KForm 4
Sep 19, 2024MADER MARK PATRICKPresident & CEOSale20,000$51.78$1.0MForm 4
Sep 16, 2024Branstetter Stephen RobertChief Operating OfficerSale1,847$53.00$97.9KForm 4
Sep 13, 2024Marshall Jolene LauChief Legal OfficerSale3,571$50.59$180.7KForm 4
Aug 15, 2024Marshall Jolene LauChief Legal OfficerSale3,741$48.18$180.2KForm 4
Jul 18, 2024Branstetter Stephen RobertChief Operating OfficerSale2,004$48.00$96.2KForm 4
Jul 5, 2024Marshall Jolene LauChief Legal OfficerSale3,994$43.11$172.2KForm 4
Jun 28, 2024Branstetter Stephen RobertChief Operating OfficerSale4,272$44.42$189.8KForm 4
Jun 20, 2024Godbole PeteChief Financial OfficerSale7,244$41.22$298.6KForm 4
Jun 13, 2024Godbole PeteChief Financial OfficerSale7,500$43.54$326.6KForm 4
Jun 11, 2024Branstetter Stephen RobertChief Operating OfficerSale4,174$43.91$183.3KForm 4
May 15, 2024Godbole PeteChief Financial OfficerSale5,202$41.92$218.1KForm 4

All 121 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How SMARTSHEET INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSMARTSHEET INC1
  • CIK0001366561
  • Employer ID (EIN)20-29543571
  • Filer statusLarge accelerated filer1
  • Incorporated inWashington1
  • Fiscal year endsJanuary 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address500 108Th Ave Ne, Suite 200, Bellevue, WA 980041
  • Phone844-324-23601
  • Shares outstanding140,001,769 as of Nov 29, 202413
  • Public float$5.8B as of Jul 31, 20232
  • On EDGAR sinceJun 8, 20061
  • Filings1,140 in all: 4 (777), 144 (64), 8-K (57), 4/A (45), 3 (32), SC 13G/A (31), 10-Q (21), SC 13G (15)1
    All 41 form types

    DEFA14A (12), D (9), S-8 (7), S-8 POS (7), 10-K (6), 5 (6), DEF 14A (6), 3/A (5), CORRESP (5), REGDEX (5), UPLOAD (3), 424B5 (2), ARS (2), S-1/A (2), SC 13D (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-Q/A (1), 144/A (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), FWP (1), PREM14A (1), S-1 (1), S-3ASR (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2024
    Quarterly report (10-Q) Dec 5, 2024
    Proxy statement (DEF 14A) May 1, 2024
    Latest 8-K (8-K) Jan 22, 2025

Sources

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