- Smartsheet Inc SMAR reported third-quarter revenue growth of 38% year-on-year to $199.6 million, beating the consensus of $194.3 million.
- Subscription revenue was $186.1 million, up 40% Y/Y. Professional services revenue was $13.5 million, up 12% Y/Y.
- Calculated billings grew 36% Y/Y to $219.6 million.
- The number of all customers with annualized contract values (ACV) of $100,000 or more grew to 1,346, an increase of 55% Y/Y.
- Non-GAAP operating margin loss was (2)%, flat Y/Y.
- Non-GAAP EPS loss of $(0.01) beat the consensus loss of $(0.15).
- Smartsheet used $(4.6) million in free cash flow.
- Smartsheet sees Q4 revenue of $205 million - $207 million (vs. consensus $204.4 million), non-GAAP EPS loss of $(0.02) - $(0.00) (vs. consensus loss $(0.09)).
- Smartsheet raised FY23 revenue to $760 million - $762 million, up from the prior $750 million - $755 million (vs. consensus $753.3 million), boosted non-GAAP EPS loss outlook to $(0.31) - $(0.30) from prior $(0.56) - (0.49) (vs. consensus loss (0.53).
- Price Action: SMAR shares traded higher by 11.97% at $36.40 in the premarket on the last check Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
