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Jul 31, 2022
Smartsheet Q2 2023 Earnings Report
Smartsheet's Q2 2023 earnings reflected strong growth in revenue and customer base.
Key Takeaways
Smartsheet reported a 42% year-over-year increase in total revenue, reaching $186.7 million. The company's calculated billings grew by 44% to $205.6 million, and free cash flow was positive at $7.1 million. Smartsheet continues to expand its customer base, with significant growth in customers with ACV of $100,000 or more.
Total revenue increased by 42% year-over-year to $186.7 million.
Calculated billings grew 44% year-over-year to $205.6 million.
Free cash flow was positive at $7.1 million.
Dollar-based net retention rate was 131%.
Revenue by Segment
Forward Guidance
For the third quarter of fiscal year 2023, Smartsheet expects total revenue of $193 million to $194 million, representing year-over-year growth of 33% to 34%. Non-GAAP operating loss is expected to be $21 million to $19 million, and non-GAAP net loss per share is expected to be $0.16 to $0.15.
Positive Outlook
- Total revenue of $193 million to $194 million, representing year-over-year growth of 33% to 34%
- Non-GAAP operating loss of $21 million to $19 million
- Non-GAAP net loss per share of $0.16 to $0.15
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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