SMARTSHEET INC Annual Research and Development Expense in USD from 2016 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
Smartsheet Inc quarterly/annual Research and Development Expense history and growth rate from 2016 to 2023.
  • Smartsheet Inc Research and Development Expense for the quarter ending July 31, 2024 was $63.6M, a 8.98% increase year-over-year.
  • Smartsheet Inc Research and Development Expense for the twelve months ending July 31, 2024 was $246M, a 9.9% increase year-over-year.
  • Smartsheet Inc annual Research and Development Expense for 2023 was $234M, a 8.77% increase from 2022.
  • Smartsheet Inc annual Research and Development Expense for 2022 was $215M, a 30.1% increase from 2021.
  • Smartsheet Inc annual Research and Development Expense for 2021 was $165M, a 39.4% increase from 2020.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $234M +$18.9M +8.77% Feb 1, 2023 Jan 31, 2024 10-K 2024-03-20
2022 $215M +$49.8M +30.1% Feb 1, 2022 Jan 31, 2023 10-K 2024-03-20
2021 $165M +$46.7M +39.4% Feb 1, 2021 Jan 31, 2022 10-K 2024-03-20
2020 $119M +$23.3M +24.4% Feb 1, 2020 Jan 31, 2021 10-K 2023-03-22
2019 $95.5M +$36.6M +62.2% Feb 1, 2019 Jan 31, 2020 10-K 2022-03-25
2018 $58.8M +$21.3M +56.5% Feb 1, 2018 Jan 31, 2019 10-K 2021-03-25
2017 $37.6M +$18M +91.4% Feb 1, 2017 Jan 31, 2018 10-K 2020-03-31
2016 $19.6M Feb 1, 2016 Jan 31, 2017 10-K 2019-04-01
* An asterisk sign (*) next to the value indicates that the value is likely invalid.