cust.co / Companies / Smartsheet (SMAR)

Smartsheet NRR

Net Revenue Retention history for Smartsheet (SMAR) - Collaboration Software, Public stage. Sourced from SEC filings and earnings releases.

Latest NRR · FY2025-Q3
111%
All-time peak
123%
FY2024-Q1
All-time low
111%
FY2025-Q3
Disclosures tracked
6
since FY2024-Q1
QoQ ▼ 2pp
YoY ▼ 10pp

Full NRR history

110%115%120%125% FY24-Q1FY24-Q2FY24-Q3FY25-Q1FY25-Q2FY25-Q3 NRR FY2024-Q1 - 123% (SMAR) FY2024-Q2 - 121% (SMAR) FY2024-Q3 - 118% (SMAR) FY2025-Q1 - 114% (SMAR) FY2025-Q2 - 113% (SMAR) FY2025-Q3 - 111% (SMAR) 123% peak 111%
FY2024-Q1 → FY2025-Q3

Peak NRR of 123% in FY2024-Q1. Latest is 111% - that's -12pp from peak.

Smartsheet is above the Collaboration Software Public median by +6pp (cell median: 105%)

What the data shows

Smartsheet (SMAR) is a collaboration software company at the public stage. As of its most recent disclosure (FY2025-Q3), Smartsheet reported a Net Revenue Retention rate of 111% - a mid-pack result for B2B SaaS at this segment.

Smartsheet's NRR peaked at 123% in FY2024-Q1, 12pp above today's level. The most recent quarter lost 2pp QoQ.

Within its peer set (collaboration software companies at public stage in the $25k-$100k acv band), Smartsheet's NRR is above the cell median of 105%. Compare against the full peer cell aggregate for distribution and top performers.

Customer mix

Total customers
-
Over $100K ARR
2,137
2024-10-31
Over $1M ARR
-
US revenue mix
85%
2024-10-31
Top-10 concentration
-
Average ACV
$10,708
2024-10-31

Commercial structure

Contract shape and forward-booked revenue.

Multi-year contracts
-
Avg contract length
-
RPO (total)
$792M
2024-10-31
cRPO (next 12mo)
$649M
2024-10-31
New customers added
-
Subscription rev mix
95%
2024-10-31

Scale & headcount

Revenue, ARR, and team-size denominators for the productivity ratios.

Revenue (period)
$287M
2024-10-31
Total ARR
$1.1B
2024-10-31
ARR growth (YoY)
15%
2024-10-31
AE headcount
-
Total employees
3,303
2024-10-31

RPO duration breakdown

Forward-booked revenue by maturity. Renewal pipeline visibility.

Next 12 months
$649M
2024-10-31
13–24 months
-
Over 24 months
-
Total RPO
$792M
2024-10-31

The post-sales motion

Pricing model
subscription
Renewal cadence
annual
CS team size
-
Customers per CSM
-

Support tiers: Pro · Business · Enterprise · Smartsheet Advanced Work Management · Smartsheet Safeguard

Education programs: Engage

Derived signals

Computed from the data above. Shows where value comes from and where leakage hides.

ARR per FTE
$343K
overall productivity

What Smartsheet is doing

Named CS initiatives across recent disclosures (newest first).

What they're working through

Challenges acknowledged by management. Useful peer signals - your team is probably not alone.

What execs say about post-sales

Curated quotes about customer outcomes, retention, renewals.

"Smartsheet, the enterprise work management platform, empowers organizations to innovate and achieve results quickly, securely, and at scale"
Mark P. Mader, President and Chief Executive Officer (Overview)

Competitive dynamics

Compare Smartsheet to peers

Side-by-side NRR, customer cohorts, commercial structure, and CS motion.

Featured in these rankings

Smartsheet appears on 2 of our retention leaderboards.

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Every disclosure

Period NRR GRR Source type Filing
FY2025-Q3 111% - 10-Q-mdna source ↗
FY2025-Q2 113% - 10-Q-mdna source ↗
FY2025-Q1 114% - 10-Q-mdna source ↗
FY2024-Q3 118% - 10-Q-mdna source ↗
FY2024-Q2 121% - 10-Q-mdna source ↗
FY2024-Q1 123% - 10-Q-mdna source ↗
Last verified disclosure: 2024-10-31 · Report an inaccuracy → · How we verify →

How does your NRR compare to Smartsheet's?

Generate a live retention report against Smartsheet and your full peer cell. Ungated. Downloadable as PDF.