Smartsheet
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 386m | 551m | 767m | 958m | 1.1b | 1.3b | 1.5b |
% growth | 42 % | 43 % | 39 % | 25 % | 17 % | 16 % | 16 % |
EBITDA | (103m) | (148m) | (197m) | (93.3m) | 201m | 249m | 289m |
% EBITDA margin | (27 %) | (27 %) | (26 %) | (10 %) | 18 % | 19 % | 19 % |
Profit | (115m) | (171m) | (216m) | (105m) | (47.1m) | (31.9m) | 34.6m |
% profit margin | (30 %) | (31 %) | (28 %) | (11 %) | (4 %) | (2 %) | 2 % |
EV / revenue | 21.0x | 13.5x | 6.8x | 5.7x | 5.3x | 4.5x | 3.6x |
EV / EBITDA | -78.3x | -50.2x | -26.5x | -59.0x | 29.8x | 23.3x | 19.0x |
R&D budget | 119m | 165m | 215m | 234m | - | - | - |
R&D % of revenue | 31 % | 30 % | 28 % | 24 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$26.0m | Late VC | ||
$35.0m | Series E | ||
* | €52.0m Valuation: €800m | Series F | |
N/A | $150m Valuation: $990m 14.8x EV/LTM Revenues -69.9x EV/LTM EBITDA | IPO | |
* | N/A | $31.0m | Post IPO Equity |
Total Funding | €113m |
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Recent News about Smartsheet
EditSmartsheet, accessible via smartsheet.com, is a dynamic software company specializing in work management and automation solutions. It operates primarily in the Software as a Service (SaaS) market, providing tools that help businesses streamline their operations, manage projects, and collaborate more effectively. Smartsheet serves a diverse range of clients, from small businesses to large enterprises, across various industries including technology, healthcare, finance, and education.
The core of Smartsheet's business is its cloud-based platform, which allows users to create, share, and manage workflows and projects. The platform is highly customizable, enabling users to build solutions tailored to their specific needs. It integrates seamlessly with other popular apps and platforms, enhancing its functionality and making it a versatile tool for businesses looking to improve efficiency and productivity.
Smartsheet's business model is subscription-based, meaning clients pay a recurring fee to access the platform. This model ensures a steady revenue stream and allows the company to continuously invest in and improve its services. The platform offers various pricing tiers, catering to different business sizes and needs, from individual users to large organizations requiring advanced features and support.
In addition to its core platform, Smartsheet provides a range of support and learning resources. These include self-paced learning tracks, one-on-one coaching sessions with experts, and a comprehensive knowledge base. These resources help users maximize the value they get from the platform, ensuring they can leverage its full potential.
Smartsheet makes money through its subscription fees, professional services, and additional features that clients can purchase. The company also offers training programs through Smartsheet University, which helps users develop marketable skills and improve their proficiency with the platform.
Keywords: work management, automation, SaaS, project management, collaboration, cloud-based, customizable, integration, subscription, training.