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Jan 31, 2024
Smartsheet Q4 2024 Earnings Report
Smartsheet's Q4 2024 financial results were announced, highlighted by surpassing $1 billion in annualized recurring revenue and a 21% year-over-year increase in total revenue.
Key Takeaways
Smartsheet Inc. reported strong Q4 2024 results, achieving a major milestone of $1 billion in annualized recurring revenue. Total revenue grew by 21% year-over-year to $256.9 million. The company's operating and free cash flow also showed significant improvements compared to the previous year.
Surpassed $1 billion in annualized recurring revenue in Q4.
Total revenue grew 21% year-over-year to $256.9 million.
Operating cash flow was $59.7 million and free cash flow was $56.3 million.
Ended the year with cash, cash equivalents, and short-term investments of $628.8 million.
Smartsheet
Smartsheet
Forward Guidance
For the first quarter of fiscal year 2025, Smartsheet expects total revenue of $257 million to $259 million, representing year-over-year growth of 17% to 18%, non-GAAP operating income of $32 million to $34 million, and non-GAAP net income per share of $0.26 to $0.27. For the full fiscal year 2025, the company anticipates total revenue of $1,113 million to $1,118 million, representing year-over-year growth of 16% to 17%, non-GAAP operating income of $135 million to $145 million, non-GAAP net income per share of $1.06 to $1.13, ARR year-over-year growth of 14%, and free cash flow of $200 million.
Positive Outlook
- Total revenue growth of 17% to 18% for Q1 2025.
- Non-GAAP operating income of $32 million to $34 million for Q1 2025.
- Non-GAAP net income per share of $0.26 to $0.27 for Q1 2025.
- Total revenue growth of 16% to 17% for FY 2025.
- Free cash flow of $200 million for FY 2025.