Smartsheet Historical Income Statement
SMAR Stock | USD 56.07 0.08 0.14% |
Historical analysis of Smartsheet income statement accounts such as Total Revenue of 1 B, Gross Profit of 810.5 M, Other Operating Expenses of 1.1 B or Research Development of 117.1 M can show how well Smartsheet performed in making a profits. Evaluating Smartsheet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Smartsheet's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Smartsheet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Smartsheet is a good buy for the upcoming year.
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About Smartsheet Income Statement Analysis
Smartsheet Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Smartsheet shareholders. The income statement also shows Smartsheet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Smartsheet Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Smartsheet generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most accounts from Smartsheet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Smartsheet current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smartsheet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Smartsheet Stock, please use our How to Invest in Smartsheet guide.At this time, Smartsheet's Total Operating Expenses is relatively stable compared to the past year. As of 11/26/2024, Total Other Income Expense Net is likely to grow to about 25.3 M, while Operating Income is likely to drop (126.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 434.4M | 601.6M | 771.9M | 810.5M | Total Revenue | 550.8M | 766.9M | 958.3M | 1.0B |
Smartsheet income statement Correlations
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Smartsheet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smartsheet income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 13.4M | 29.2M | 36.7M | 42.9M | 27.0M | 19.9M | |
Interest Expense | 7.9M | 1.7M | 48K | 8.8M | 10.2M | 10.7M | |
Selling General Administrative | 50.2M | 71.4M | 109.2M | 128.8M | 147.5M | 154.9M | |
Selling And Marketing Expenses | 176.1M | 230.3M | 329.8M | 479.3M | 510.6M | 536.1M | |
Total Revenue | 270.9M | 385.5M | 550.8M | 766.9M | 958.3M | 1.0B | |
Gross Profit | 218.0M | 300.0M | 434.4M | 601.6M | 771.9M | 810.5M | |
Other Operating Expenses | 374.7M | 506.0M | 720.9M | 988.6M | 1.1B | 1.1B | |
Operating Income | (103.8M) | (120.5M) | (170.0M) | (221.6M) | (120.3M) | (126.3M) | |
Net Income From Continuing Ops | (95.9M) | (115.0M) | (171.1M) | (215.6M) | (104.6M) | (109.9M) | |
Ebit | (103.8M) | (132.4M) | (184.9M) | (239.7M) | (132.8M) | (139.5M) | |
Research Development | 95.5M | 118.7M | 165.4M | 215.2M | 234.1M | 117.1M | |
Ebitda | (90.3M) | (103.2M) | (148.3M) | (196.8M) | (105.8M) | (111.1M) | |
Cost Of Revenue | 52.9M | 85.5M | 116.5M | 165.3M | 186.4M | 195.8M | |
Total Operating Expenses | 321.8M | 420.4M | 604.4M | 823.3M | 892.2M | 936.8M | |
Income Before Tax | (95.8M) | (118.7M) | (170.8M) | (212.8M) | (96.1M) | (100.9M) | |
Total Other Income Expense Net | 7.9M | 1.7M | (765K) | 8.8M | 24.1M | 25.3M | |
Net Income Applicable To Common Shares | (95.9M) | (115.0M) | (171.1M) | (215.6M) | (194.1M) | (184.4M) | |
Net Income | (95.9M) | (115.0M) | (171.1M) | (215.6M) | (104.6M) | (109.9M) | |
Income Tax Expense | 114K | (3.8M) | 296K | 2.8M | 8.5M | 8.9M | |
Tax Provision | 114K | (3.8M) | 296K | 2.8M | 8.5M | 8.9M | |
Net Interest Income | 8.4M | 1.4M | 48K | 7.7M | 25.6M | 26.9M | |
Interest Income | 8.4M | 1.4M | 48K | 7.7M | 25.6M | 26.9M | |
Reconciled Depreciation | 13.4M | 17.3M | 21.8M | 24.9M | 27.0M | 18.2M |
Pair Trading with Smartsheet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Smartsheet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Smartsheet will appreciate offsetting losses from the drop in the long position's value.Moving together with Smartsheet Stock
0.72 | U | Unity Software Trending | PairCorr |
0.79 | BL | Blackline | PairCorr |
0.85 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against Smartsheet Stock
0.73 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
0.71 | EGAN | eGain | PairCorr |
0.7 | VCSA | Vacasa Inc | PairCorr |
0.59 | DMAN | Innovativ Media Group | PairCorr |
The ability to find closely correlated positions to Smartsheet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smartsheet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Smartsheet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Smartsheet to buy it.
The correlation of Smartsheet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smartsheet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smartsheet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Smartsheet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Smartsheet Stock Analysis
When running Smartsheet's price analysis, check to measure Smartsheet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.