Private company
SMARTSHEET INC
American prepackaged software services company, incorporated in Washington. Summary from the record
Last updated Oct 19, 2026.
Overview
- 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…4 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
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.0M5 | $111.3M6 | $177.7M7 | $270.9M8 | $385.5M9 | $550.8M2 | $766.9M2 | $958.3M2 |
| Cost of revenue | $14.1M5 | $21.7M6 | $33.8M7 | $52.9M8 | $85.5M9 | $116.5M2 | $165.3M2 | $186.4M2 |
| Gross profit | $52.8M5 | $89.6M6 | $143.9M7 | $218.0M8 | $300.0M9 | $434.4M2 | $601.6M2 | $771.9M2 |
| Research and development | $19.6M5 | $37.6M6 | $58.8M7 | $95.5M8 | $118.7M9 | $165.4M2 | $215.2M2 | $234.1M2 |
| Operating expenses | $604.4M2 | $823.3M2 | $892.2M2 | |||||
| Operating income | -$15.2M5 | -$49.0M6 | -$55.1M7 | -$103.8M8 | -$120.5M9 | -$170.0M2 | -$221.6M2 | -$120.3M2 |
| Interest | $200.0K5 | $300.0K5 | $400.0K5 | |||||
| Income before tax | -$170.8M2 | -$212.8M2 | -$96.1M2 | |||||
| Income tax | $05 | -$307.0K6 | $293.0K7 | $114.0K8 | -$3.8M9 | $296.0K2 | $2.8M2 | $8.5M2 |
| Net income | -$15.2M5 | -$49.1M6 | -$53.9M7 | -$95.9M8 | -$115.0M9 | -$171.1M2 | -$215.6M2 | -$104.6M2 |
| Earnings per share | -$0.858 | -$0.959 | -$1.362 | -$1.662 | -$0.782 | |||
| Earnings per share (diluted) | -$0.858 | -$0.959 | -$1.362 | -$1.662 | -$0.782 | |||
| Shares (weighted, basic) | 125.6M shares2 | 130.1M shares2 | 134.5M shares2 | |||||
| Shares (weighted, diluted) | 125.6M shares2 | 130.1M shares2 | 134.5M shares2 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $22.1M5 | $58.2M6 | $213.1M7 | $515.9M8 | $442.2M9 | $449.1M2 | $223.2M2 | $282.1M2 |
| Receivables | $151.1M9 | $198.6M2 | $238.7M2 | |||||
| Current assets | $77.7M5 | $247.2M6 | $631.0M7 | $558.4M8 | $634.6M9 | $710.1M2 | $931.9M2 | |
| Property, plant and equipment | $36.8M9 | $39.4M9 | ||||||
| Goodwill | $125.6M2 | $142.4M2 | $141.5M2 | |||||
| Intangible assets | $44.1M9 | $39.1M2 | $28.0M2 | |||||
| Total assets | $116.6M5 | $308.7M6 | $797.7M7 | $911.8M8 | $1.0B9 | $1.1B2 | $1.3B2 | |
| Accounts payable | $1.5M9 | $2.1M2 | $2.9M2 | |||||
| Current liabilities | $78.9M5 | $136.3M6 | $233.2M7 | $307.7M8 | $437.4M9 | $574.7M2 | $695.9M2 | |
| Total liabilities | $84.7M5 | $141.8M6 | $283.7M7 | $384.9M8 | $498.1M9 | $624.6M2 | $731.6M2 | |
| Retained earnings | -$542.5M9 | -$758.2M2 | -$862.8M2 | |||||
| Shareholders’ equity | -$52.7M6 | -$80.7M7 | $167.0M8 | $514.1M9 | $526.9M2 | $504.8M2 | $485.7M2 | $605.9M2 |
| Shares outstanding | 20.3M shares5 | 105.5M shares5 | 118.8M shares13 | 124.1M shares7 | 128.6M shares8 | 132.5M shares9 | 137.4M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $58.0K5 | -$13.6M6 | -$2.9M7 | -$10.9M8 | -$15.6M9 | -$3.5M2 | $23.6M2 | $157.9M2 |
| Depreciation and amortization | $21.8M2 | $24.9M2 | $27.0M2 | |||||
| Stock-based compensation | $114.9M2 | $176.6M2 | $206.2M2 | |||||
| Capital spending | $1.8M5 | $6.0M6 | $5.8M7 | $5.2M8 | $4.2M9 | $10.6M2 | $6.1M2 | $2.6M2 |
| Free cash flow | -$1.8M | -$19.6M | -$8.6M | -$16.0M | -$19.8M | -$14.1M | $17.5M | $155.3M |
| Cash from investing | -$18.3M2 | -$263.9M2 | -$113.7M2 | |||||
| Cash from financing | $30.3M2 | $14.1M2 | $14.5M2 |
Leadership
Who has led SMARTSHEET INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerMark Patrick Mader Apr 26, 2018 to Jan 24, 202514
- PresidentGarg Praerit Jan 24, 2025 to Jan 24, 202515
- PresidentMax Long Mar 18, 2024 to Jan 24, 202516
- PresidentMark Patrick Mader Apr 26, 2018 to Jan 24, 202514
- Chief financial officerPete Godbole Dec 9, 2020 to Jan 24, 202517
- Chief financial officerJennifer Ceran Apr 26, 2018 to Nov 17, 202018
- Chief operating officerStephen Robert Branstetter Nov 17, 2021 to Sep 17, 202419
Board members and other officers (23)
- Chief People & Culture OfficerMegan Hansen Mar 23, 2021 to Nov 17, 202220
- Chief Marketing OfficerAndrew Lee Bennett Nov 17, 2021 to Feb 20, 202421
- Chief Technology OfficerGarg Praerit Mar 19, 2019 to Dec 13, 202422
- Chief Marketing OfficerAnna Griffin May 2, 2019 to Oct 8, 202123
- Senior VP of EngineeringAndrew Lientz Apr 26, 2018 to Apr 26, 201824
- Senior VP of ProductEugene Farrell Apr 26, 2018 to Dec 9, 202125
- Senior VP of People OperationsKara Hamilton Apr 26, 2018 to Feb 22, 202126
- Snr. VP of WW Field OperationsMichael Arntz Apr 26, 2018 to Mar 27, 202427
- Board memberKatie J. Rooney Mar 22, 2024 to Jan 24, 202528
- Board memberKhozema Shipchandler Jun 26, 2023 to Jan 24, 202529
- Board memberDennis M. Durkin Aug 5, 2022 to Aug 5, 202230
- Board memberAlissa Jamese Abdullah Mar 15, 2021 to Jan 24, 202531
- Board memberRowan M. Trollope Sep 3, 2020 to Jan 24, 202532
- Board memberMichael Gregoire Dec 5, 2019 to Jan 24, 202533
- Board memberBrent Frei Apr 26, 2018 to Jun 18, 202434
- Board memberElena Gomez Apr 26, 2018 to Jun 18, 202435
- Board memberGeoffrey T. Barker Apr 26, 2018 to Jan 24, 202536
- Board memberMagdalena Yesil Apr 26, 2018 to Jan 24, 202537
- Board memberMark Patrick Mader Apr 26, 2018 to Jan 24, 202514
- Board memberMatthew S. McIlwain Apr 26, 2018 to Jan 24, 202538
- Board memberRyan Hinkle Apr 26, 2018 to Aug 26, 201939
- General counselJolene Lau Marshall Nov 17, 2021 to Jan 24, 202540
- General counselPaul Porrini Apr 26, 2018 to Mar 16, 202241
Former names
- SMARTSHEET.COM INCJun 8, 2006 to Nov 8, 20163
Timeline
- Apr 26, 2018New chief executive Mark Patrick Mader becomes CEO14
Filings
479 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 31 major events, 329 insider forms, 15 large holders, 91 other. The latest 20:
- May 15, 2025SCHEDULE 13G/A EDGAR
- Feb 14, 2025SCHEDULE 13G EDGAR
- Jan 30, 2025SCHEDULE 13G/A EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 24, 20254 EDGAR
- Jan 22, 2025S-8 POS EDGAR
- Jan 22, 2025S-8 POS EDGAR
- Jan 22, 2025S-8 POS EDGAR
The 479 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 6, 2025 | MADER MARK PATRICKPresident & CEO | Sale | 5,000 | $56.07 | $280.4K | Form 4 |
| Jan 2, 2025 | Marshall Jolene LauChief Legal Officer | Sale | 2,000 | $56.18 | $112.4K | Form 4 |
| Dec 17, 2024 | MADER MARK PATRICKPresident & CEO | Sale | 47,916 | $55.96 | $2.7M | Form 4 |
| Dec 16, 2024 | MADER MARK PATRICKPresident & CEO | Sale | 5,000 | $56.00 | $280.0K | Form 4 |
| Dec 13, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 2,000 | $55.99 | $112.0K | Form 4 |
| Nov 15, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 3,205 | $55.92 | $179.2K | Form 4 |
| Nov 4, 2024 | MADER MARK PATRICKPresident & CEO | Sale | 5,000 | $56.05 | $280.2K | Form 4 |
| Oct 2, 2024 | MADER MARK PATRICKPresident & CEO | Sale | 5,000 | $55.35 | $276.8K | Form 4 |
| Oct 1, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 3,571 | $55.37 | $197.7K | Form 4 |
| Sep 19, 2024 | MADER MARK PATRICKPresident & CEO | Sale | 20,000 | $51.78 | $1.0M | Form 4 |
| Sep 16, 2024 | Branstetter Stephen RobertChief Operating Officer | Sale | 1,847 | $53.00 | $97.9K | Form 4 |
| Sep 13, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 3,571 | $50.59 | $180.7K | Form 4 |
| Aug 15, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 3,741 | $48.18 | $180.2K | Form 4 |
| Jul 18, 2024 | Branstetter Stephen RobertChief Operating Officer | Sale | 2,004 | $48.00 | $96.2K | Form 4 |
| Jul 5, 2024 | Marshall Jolene LauChief Legal Officer | Sale | 3,994 | $43.11 | $172.2K | Form 4 |
| Jun 28, 2024 | Branstetter Stephen RobertChief Operating Officer | Sale | 4,272 | $44.42 | $189.8K | Form 4 |
| Jun 20, 2024 | Godbole PeteChief Financial Officer | Sale | 7,244 | $41.22 | $298.6K | Form 4 |
| Jun 13, 2024 | Godbole PeteChief Financial Officer | Sale | 7,500 | $43.54 | $326.6K | Form 4 |
| Jun 11, 2024 | Branstetter Stephen RobertChief Operating Officer | Sale | 4,174 | $43.91 | $183.3K | Form 4 |
| May 15, 2024 | Godbole PeteChief Financial Officer | Sale | 5,202 | $41.92 | $218.1K | Form 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.
- Pentwater Capital Management LPSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202542
- BlackRockSCHEDULE 13G/A, 1 filing Jan 30, 202543
- Capital World InvestorsSC 13G/A, 4 filings Feb 11, 2022 to Oct 7, 202444
- Abu Dhabi Investment AuthoritySC 13D, 1 filing Sep 24, 202445
- Robert F. SmithSC 13D, 1 filing Sep 24, 202446
- VANGUARD GROUP INCSC 13G/A, 4 filings Feb 10, 2022 to Feb 12, 202447
- BROWN CAPITAL MANAGEMENT LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202348
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSMARTSHEET INC filings on SEC EDGAR
- 2SEC EDGARSMARTSHEET INC 10-K for fiscal 2024
- 3SEC EDGARSMARTSHEET INC filings on SEC EDGAR
- 4
- 5SEC EDGARSMARTSHEET INC 10-K for fiscal 2017
- 6SEC EDGARSMARTSHEET INC 10-K for fiscal 2018
- 7SEC EDGARSMARTSHEET INC 10-K for fiscal 2019
- 8SEC EDGARSMARTSHEET INC 10-K for fiscal 2020
- 9SEC EDGARSMARTSHEET INC 10-K for fiscal 2021
- 10SEC EDGARSMARTSHEET INC 10-Q for fiscal 2024
- 11SEC EDGARSMARTSHEET INC 10-Q for fiscal 2024
- 12SEC EDGARSMARTSHEET INC 10-Q for fiscal 2024
- 13SEC EDGARSMARTSHEET INC 10-K for fiscal 2020
- 14
- 15SEC EDGARGarg Praerit, President
- 16SEC EDGARMax Long, President
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25SEC EDGAREugene Farrell, Senior VP of Product
- 26
- 27
- 28SEC EDGARKatie J. Rooney, Board member
- 29SEC EDGARKhozema Shipchandler, Board member
- 30SEC EDGARDennis M. Durkin, Board member
- 31SEC EDGARAlissa Jamese Abdullah, Board member
- 32SEC EDGARRowan M. Trollope, Board member
- 33SEC EDGARMichael Gregoire, Board member
- 34SEC EDGARBrent Frei, Board member
- 35SEC EDGARElena Gomez, Board member
- 36SEC EDGARGeoffrey T. Barker, Board member
- 37SEC EDGARMagdalena Yesil, Board member
- 38SEC EDGARMatthew S. McIlwain, Board member
- 39SEC EDGARRyan Hinkle, Board member
- 40SEC EDGARJolene Lau Marshall, General counsel
- 41SEC EDGARPaul Porrini, General counsel
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