Smartsheet Inc.SMAR
NYSE • Technology
$56.47
P/E
—
PEG
—
FCF Yield
—
Rev Growth YoY
+16.7% YoY
Gross Margin
81.3%
Health Score
6/10
D/E Ratio
0.08
Confidence
MEDIUM
Business Snapshot
Smartsheet provides a cloud-based platform for work management, collaboration, and automation, serving teams across marketing, IT, and operations. The company competes in the crowded project management SaaS market alongside players like Asana and Monday.com, holding a strong position with a focus on enterprise-scale deployments. With TTM revenue of $1.08 billion, Smartsheet is a mid-cap software firm transitioning from a high-growth to a more mature phase. A defining characteristic is its improving profitability trajectory – net income swung from a loss of $8.98M in Q4 FY24 to a profit of $1.32M in Q1 FY25 – while maintaining gross margins above 80%.
Financial Health
Gross margin stands at 81.3%, slightly down from 82.0% a year earlier, reflecting modest cost pressure. The net margin of -80.0% remains deeply negative despite rapid improvement, indicating the company is still generating significant operating losses at scale...
Risk Assessment
- VALUATION — Price-to-sales of 7.3x is elevated for a company with a net margin of -80%, implying high growth expectations that may not be realised.
- REVENUE DECELERATION — Revenue growth of 16.7% YoY is significantly slower than the 3.8% QoQ sequential pace, suggesting a steepening slowdown in the most recent quarter.
- 52-WEEK POSITION — At $56.47, the stock trades just $0.08 below its 52-week high of $56.55, offering minimal historical upside buffer.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed....