Tsheets logo
Founded 2008

Tsheets

2017 Revenue

$38.4M

YOY

Funding

$15.3M

Overview

About Tsheets

TSheets is a time tracking and employee scheduling app for companies needing to track, manage, and report time.

Monthly Revenue

$3.2M

Total Expenses

$3.2M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Tsheets CEO Matt Rissell on 12/01/2020

Watch the podcast


Headquarters

235 East Colchester Drive EagleIdahoUnited States

Tsheets Revenue vs Funding

$Funding$Revenue

Tsheets Revenue

In 2017, Tsheets revenue run rate hit $38.4M in revenue.

$38.4M

Tsheets Valuation and Funding History

Tsheets has raised a total of $15.3M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
10/05/2015$15.0M

Customers

Tsheets has 800K customers.

Lifetime Months

50

×
Monthly ARPU

$4.0

=
Lifetime Dollars

$200.0


Acquisition Cost

Average Annual Price

$48.0

$0$48.0024681012

Churn

Tsheets has an annual churn rate of 24.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-24.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

76.00%

Team

Employees

Tsheets has 240 employees. They have 12 sales reps that carry a quota, an engineering team of 23 and a marketing team of 2.

2017201820192020-43.00%▼-2.00%▼-7.00%▼
DistributionQty

Total Team Size

240

Engineers

23 (10%)

Sales

12 (5%)

Marketing

2 (1%)

CEO/Founder

Matt Rissell

It’s simple. We understand small businesses because that’s how we started. Once upon a time, Matt Rissell was a business owner, struggling to track his employees’ time. When he was unable to find a solution to suit his needs, he created one himself with the help of his friend and software engineer (and eventual co-founder), Brandon Zehm. The year was 2006. It wasn’t long before TSheets was the No. 1 time tracking app on the planet-with customer service to match-and folks took notice. Our story is what happens when you put customers first and are powered by passion and hard work. Our fuel is our people who live and breathe what they do. In 2018, we officially joined the Intuit family. It was the culmination of careful deliberation and close partnerships. Ultimately, two become a whole. And the best has yet to come.


CEO Q&A

What's your age?

40

Favorite online tool?

Things

Favorite book?

The Lean Startup

Favorite CEO?

Brad Smith, Intuit

Advice for 20 year old self

Knew mself better than what I had, my propsensity to take risks


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Tsheets Board of Directors

NamePosition

Tsheets Executives

NamePosition

Tsheets Employees

NamePosition
johana dyessConsultant
Lisa WellsCreative Owner
Clancy PasseyCustomer Experience Guru
Lance BreckenridgePaid Search Owner
Keaton ElledgeReport Developer
Rod KurtzSenior Media Advisor
Steve CaminitiSoftware Engineer
Nick CabralSoftware Engineer
Paul KreinerStaff System Engineer

Frequently Asked Questions about Tsheets

When was Tsheets founded?

Tsheets was founded in 2008.


Who is the CEO of Tsheets?

The CEO of Tsheets is Matt Rissell


How many employees does Tsheets have?

Tsheets has 240 employees.

How much revenue does Tsheets generate?

Tsheets generates $38.4M in revenue.


How much funding does Tsheets have?

Tsheets has raised $15.3M.


Where is Tsheets headquarters?

Tsheets is headquartered at 235 East Colchester Drive EagleIdahoUnited States

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