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Smartsheet is a cloud work management platform used for project planning, automation, collaboration, and operational workflows. It has moved well beyond its spreadsheet-like origins and is now positioned as enterprise work management software.
Quick Answer: Smartsheet generated about $1.11 billion in fiscal 2024 revenue and exited the year with $1.031 billion in ARR. It also says it is used by more than 85% of Fortune 500 companies. In January 2025, Smartsheet completed its $8.4 billion take-private deal.
Key Smartsheet Metrics
| Metric | Figure | Year |
|---|---|---|
| Revenue | About $1.11 billion | FY2024 |
| ARR | $1.031 billion | FY2024 |
| Customers with ARR over $1M | 65 | FY2024 |
| Fortune 500 reach | 85%+ | Current company page |
About Smartsheet
Smartsheet has grown into a major collaborative work management platform used by enterprises, nonprofits, and smaller organizations. Its current value proposition centers on workflow coordination, automation, reporting, and cross-team execution.
Smartsheet Revenue Statistics
- FY2024: about $1.11 billion
- FY2023: $766 million
- FY2022: $550 million
- FY2021: $385 million
- FY2020: $270.9 million
- FY2019: $177 million
- FY2018: $111 million
- FY2017: $66 million
Smartsheet Statistics and Facts
- $1.031 billion ARR in FY2024
- 65 customers with ARR above $1 million
- Used by more than 85% of Fortune 500 companies
Why Smartsheet Matters
Smartsheet matters because it has become one of the most successful standalone work management platforms outside the traditional office-suite giants. Its revenue growth and enterprise penetration show how large the workflow software market has become.
2025 Ownership Change
Smartsheet is no longer a public company. In January 2025, Blackstone and Vista Equity Partners completed their take-private acquisition, ending Smartsheet’s NYSE listing.
FAQ
How much revenue does Smartsheet make?
Smartsheet reported about $1.11 billion in revenue for fiscal 2024.
How large is Smartsheet’s recurring revenue base?
The company reported $1.031 billion in ARR at the end of fiscal 2024.
How many large enterprise customers does Smartsheet have?
Smartsheet said it had 65 customers with ARR above $1 million in fiscal 2024.
Is Smartsheet still public?
No. Smartsheet completed its take-private acquisition in January 2025.
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