• Smartsheet average net profit margin for 2023 was -20.33%, a 37.6% decline from 2022.
• Smartsheet average net profit margin for 2022 was -32.58%, a 8.35% decline from 2021.
• Smartsheet average net profit margin for 2021 was -30.07%, a 11.95% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.