Loading...
•
Jul 31, 2024
Smartsheet Q2 2025 Earnings Report
Smartsheet's Q2 2025 financial results were announced, featuring revenue growth and increased customer engagement.
Key Takeaways
Smartsheet reported a strong second quarter with a 17% year-over-year increase in total revenue, reaching $276.4 million. The company saw growth in annualized recurring revenue (ARR) and free cash flow, alongside an expansion in the number of customers with significant ARR contributions.
Total revenue increased by 17% year-over-year to $276.4 million.
Annualized recurring revenue (ARR) grew by 17% year-over-year to $1.093 billion.
Operating cash flow was $59.1 million, with a record free cash flow of $57.2 million.
GAAP net income was $7.9 million, a significant improvement from the previous year's net loss.
Revenue by Segment
Forward Guidance
Smartsheet provided financial outlook for the third quarter and full fiscal year 2025, including revenue and non-GAAP operating income guidance.
Positive Outlook
- Total revenue for Q3 is expected to be $282 million to $285 million, representing a 15% to 16% year-over-year growth.
- Non-GAAP operating income for Q3 is projected to be between $42 million and $44 million.
- Non-GAAP net income per share for Q3 is expected to be $0.29 to $0.31.
- Full fiscal year 2025 ARR is projected to be $1,177 million to $1,180 million, representing a 14.2% to 14.5% year-over-year growth.
- Full fiscal year 2025 total revenue is expected to be $1,116 million to $1,121 million, representing a 16% to 17% year-over-year growth.
Challenges Ahead
- Non-GAAP operating income for the full fiscal year 2025 is expected to be $177 million to $182 million.
- Non-GAAP net income per share for the full fiscal year 2025 is expected to be $1.36 to $1.39.
- Free cash flow for the full fiscal year 2025 is projected to be $240 million.
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
Loading earnings performance data...
Loading earnings reaction data...