Smartsheet Inc. reported strong financial results for the second quarter of fiscal year 2025, with revenue of $276.4 million, surpassing the estimate of $274.2 million and marking a 17% year-over-year increase. The company also reported an adjusted operating income of $45.3 million and an adjusted net income of $61.6 million, both exceeding expectations. Additionally, Smartsheet's net income was $7.9 million, with an operating cash flow of $59.1 million and free cash flow of $57.2 million. Subscription revenue was $263.5 million. The company also noted a 200bps of OM upside and executed $40 million on buyback. For the third quarter, Smartsheet expects revenue between $282 million and $285 million and non-GAAP operating income between $42 million and $44 million. The company also raised its annual recurring revenue (ARR) slightly and increased its free cash flow by 9%.