Smartsheet Inc.:  An Insight Into Its New Pricing and Packaging Model 

Smartsheet Inc.’s recent quarterly performance for Q2 of Fiscal Year 2025 reflects a strong momentum in the enterprise sector. A key highlight from the call was that 75 customers expanded their Annual Recurring Revenue (ARR) with Smartsheet by over $100,000, which included three transactions exceeding $1 million. Following this quarter, Smartsheet now counts 77 customers with an ARR over $1 million, marking a substantial 50% increase from the same time last year. Their ARR reached $1.093 billion, supported by a user base of more than 15.3 million. Noteworthy client expansions included partnerships with notable brands like Intuit, SKECHERS, and City National Bank.