Smartsheet: Super SaaS Growth With Solid Retention [Seeking Alpha]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Seeking Alpha
NicoElNinoSmartsheet (NYSE:SMARforecastto grow at a 13.3% compounded annual growth rate [CAGR] and be worth over $4.5 billion by 2026. Therefore, Smartsheet has long runway for potential growth ahead. The company recently beat its Q3, FY23 estimates for both top and bottom-line growth. In addition, Smartsheet has a super high dollar-based net retention rate of 129%, which means customers are staying with the platform and spending more. In this post I'm going to break down its business model, financials, and valuation, let's dive in.Data byYChartsSaaS Business ModelSmartsheet is a work management platform that was founded back in 2005. This is three years earlier than competitorAsanaASANMNDYreviewsThe value proposition of Smartsheet is it basically improves workplace productivity and team alignment. Its software platform acts as a "single source of truth", where specific tasks can be assigned to team members.Team Collab feature (Smartsheet )Apart from team management, the main capabili
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SMAR
News
- Smartsheet Announces $150 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Smartsheet Announces $150 Million Share Repurchase ProgramBusiness Wire
- Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks [Yahoo! Finance]Yahoo! Finance
- Celigo Sets New Standards in Integration with AI, Prebuilt Solutions, and Unprecedented Connectivity [Yahoo! Finance]Yahoo! Finance
- Smartsheet Appoints Jo Deal as Chief People Officer [Yahoo! Finance]Yahoo! Finance
SMAR
Earnings
- 3/14/24 - Beat
SMAR
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- SMAR's page on the SEC website