SMRT

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SmartRent, Inc. Class A

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Key Metrics

Previous Close: $1.38
52-Week Range: $0.91 – $2.20
Market Cap: $258.68M
P/E (TTM): —
EPS (TTM): -0.10
Dividend Yield: —

Advanced Metrics

Price/Book: 1.13
PEG Ratio: —
Return on Equity: -8.45%
Return on Assets: -4.13%
Gross Margin: 36.34%
Operating Margin: -16.22%
Profit Margin: -12.96%
Current Ratio: 3.81
Debt/Equity: 0.02
Total Debt: $5.23M
Free Cash Flow: $5.08M
Revenue Growth: 4.00%
Earnings Growth: —
Enterprise Value: $171.24M

SMRT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$167.82M	$236.84M	$174.88M	$152.33M
Cost of Revenue	$166.47M	$187.31M	$114.55M	$102.46M
Gross Profit	$1.35M	$49.53M	$60.34M	$49.87M
Research & Development	$29.42M	$28.80M	$29.37M	$26.22M
Selling, General & Admin	$76.18M	$63.88M	$72.74M	$62.69M
Operating Expenses	$105.60M	$92.69M	$102.11M	$88.92M
Operating Income	-$104.25M	-$43.16M	-$41.77M	-$39.05M
EBITDA	-$99.99M	-$28.77M	-$26.48M	-$51.71M
Pretax Income	-$101.71M	-$34.70M	-$33.38M	-$60.52M
Income Tax	-$5.39M	-$108.00K	$267.00K	$41.00K
Net Income	-$96.32M	-$34.59M	-$33.64M	-$60.56M
Diluted EPS	-0.49	-0.17	-0.17	-0.32
Diluted Shares	195.57M	200.70M	199.18M	189.68M

SMRT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$210.41M	$215.21M	$142.48M	$104.55M
Receivables	$62.44M	$61.90M	$59.30M	$47.40M
Inventory	$75.72M	$41.58M	$35.26M	$26.67M
Current Assets	$378.36M	$340.34M	$257.65M	$187.88M
Total Assets	$560.85M	$509.76M	$420.18M	$320.93M
Current Liabilities	$132.78M	$117.31M	$71.03M	$60.02M
Total Debt	—	$1.31M	$7.02M	$5.79M
Total Liabilities	$196.65M	$167.31M	$130.74M	$88.79M
Retained Earnings	-$250.93M	-$285.51M	-$347.85M	-$413.29M
Shareholders' Equity	$364.20M	$342.45M	$289.44M	$232.14M
Working Capital	$245.58M	$223.03M	$186.62M	$127.86M

SMRT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$77.83M	$5.98M	-$32.91M	-$21.57M
Capital Expenditure	-$4.32M	-$3.77M	-$7.60M	-$8.63M
Free Cash Flow	-$82.15M	$2.21M	-$40.51M	-$30.20M
Depreciation & Amortisation	$4.26M	$5.53M	$6.50M	$8.43M
Stock-Based Compensation	$13.72M	$13.27M	$12.07M	$8.78M
Investing Cash Flow	-$133.99M	-$6.02M	-$7.60M	-$8.63M
Financing Cash Flow	-$2.80M	-$1.91M	-$32.96M	-$7.44M
Share Repurchases	$0.00	$0.00	-$28.57M	-$4.89M
Net Change in Cash	-$214.63M	-$1.95M	-$73.47M	-$37.64M

SMRT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$41.34M	$38.31M	$36.20M	$36.47M	$38.68M
Cost of Revenue	$27.78M	$25.64M	$26.63M	$22.40M	$23.56M
Gross Profit	$13.56M	$12.67M	$9.57M	$14.07M	$15.12M
Research & Development	$8.26M	$6.46M	$6.15M	$5.35M	$6.15M
Selling, General & Admin	$21.66M	$17.89M	$10.45M	$12.69M	$14.07M
Operating Expenses	$29.92M	$24.35M	$16.60M	$18.05M	$20.21M
Operating Income	-$16.36M	-$11.69M	-$7.03M	-$3.98M	-$5.09M
EBITDA	-$38.03M	-$9.62M	-$4.83M	-$22.85M	-$2.09M
Pretax Income	-$40.08M	-$10.89M	-$6.21M	-$3.33M	-$4.41M
Income Tax	$108.00K	-$33.00K	$56.00K	-$90.00K	$40.00K
Net Income	-$40.18M	-$10.86M	-$6.27M	-$3.24M	-$4.45M
Diluted EPS	-0.21	-0.06	-0.03	-0.02	-0.02
Diluted Shares	192.42M	188.75M	188.38M	189.22M	191.65M

SMRT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$125.60M	$105.04M	$100.02M	$104.55M	$98.82M
Receivables	$49.86M	$58.57M	$52.20M	$47.40M	$36.75M
Inventory	$33.19M	$33.35M	$28.09M	$26.67M	$24.40M
Current Assets	$227.86M	$217.54M	$201.47M	$187.88M	$168.57M
Total Assets	$366.06M	$353.97M	$335.80M	$320.93M	$300.24M
Current Liabilities	$75.87M	$80.06M	$72.62M	$60.02M	$42.72M
Total Debt	$6.72M	$6.42M	$6.11M	$5.79M	$5.47M
Total Liabilities	$115.39M	$115.12M	$101.39M	$88.79M	$69.56M
Retained Earnings	-$389.23M	-$403.81M	-$410.06M	-$413.29M	-$417.74M
Shareholders' Equity	$250.67M	$238.85M	$234.41M	$232.14M	$230.67M
Working Capital	$151.99M	$137.48M	$128.84M	$127.86M	$125.86M

SMRT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$12.17M	-$14.93M	-$2.13M	$7.66M	-$4.54M
Capital Expenditure	-$3.47M	-$2.38M	-$1.09M	-$1.68M	-$1.09M
Free Cash Flow	-$15.64M	-$17.31M	-$3.22M	$5.97M	-$5.63M
Depreciation & Amortisation	$1.94M	$2.07M	$2.20M	$2.22M	$2.22M
Stock-Based Compensation	$2.84M	$2.16M	$2.08M	$1.70M	$3.06M
Investing Cash Flow	-$3.47M	-$2.38M	-$1.09M	-$1.68M	-$1.09M
Financing Cash Flow	-$1.50M	-$3.76M	-$1.73M	-$448.00K	$393.00K
Share Repurchases	-$1.20M	-$3.72M	$0.00	$29.00K	$0.00
Net Change in Cash	-$17.14M	-$21.07M	-$4.95M	$5.53M	-$5.24M

Market Snapshot

About

SmartRent provides smart home automation and property management solutions for the rental housing industry. The company offers IoT devices, software platforms, and professional services to multifamily properties, single-family rentals, and student housing. SmartRent enables property managers to remotely control access, thermostats, and other devices while improving resident experience and operational efficiency.