• Smartsheet average return on tangible equity for 2023 was -53.15, a 15.77% decline from 2022.
• Smartsheet average return on tangible equity for 2022 was -63.1, a 73.59% decline from 2021.
• Smartsheet average return on tangible equity for 2021 was -36.35, a 55.28% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.