8-K Announcements
6May 6, 2026·SEC
Mar 4, 2026·SEC
Feb 5, 2026·SEC
SmartRent, Inc. (SMRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SmartRent, Inc. (SMRT) stock price & volume — 10-year historical chart
SmartRent, Inc. (SMRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
SmartRent, Inc. (SMRT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.02vs $0.02+0.0% | $37Mvs $37M-0.5% |
| Q1 2026 | Feb 5, 2026 | $0.02vs $0.02+0.0% | $36Mvs $36M+0.0% |
| Q4 2025 | Nov 5, 2025 | $0.03vs $0.06+50.0% | $36Mvs $36M-0.3% |
| Q3 2025 | Aug 6, 2025 | $0.06vs $0.04-50.0% | $38Mvs $39M-1.0% |
SmartRent, Inc. (SMRT) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
SmartRent, Inc. (SMRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SmartRent, Inc. (SMRT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 36.23M | 52.53M | 110.64M | 167.82M | 236.84M | 174.88M | 152.33M | 149.66M |
| Revenue Growth % | - | 44.99% | 110.6% | 51.69% | 41.13% | -26.16% | -12.9% | -9.7% |
| Cost of Goods Sold | 37.29M | 56.83M | 120.71M | 166.47M | 187.31M | 114.55M | 102.46M | 98.24M |
| COGS % of Revenue | 102.92% | 108.18% | 109.1% | 99.2% | 79.09% | 65.5% | 67.26% | - |
| Gross Profit | -1.06M▲ 0% | -4.3M▼ 306.1% | -10.07M▼ 134.4% | 1.35M▲ 113.4% | 49.53M▲ 3574.3% | 60.34M▲ 21.8% | 49.87M▼ 17.4% | 51.43M▲ 0% |
| Gross Margin % | -2.92% | -8.18% | -9.1% | 0.8% | 20.91% | 34.5% | 32.74% | 34.36% |
| Gross Profit Growth % | - | -306.14% | -134.42% | 113.38% | 3574.26% | 21.82% | -17.35% | - |
| Operating Expenses | 29.05M | 31.42M | 61.58M | 105.6M | 92.69M | 102.11M | 87.55M | 52.91M |
| OpEx % of Revenue | 80.16% | 59.81% | 55.66% | 62.92% | 39.14% | 58.39% | 57.47% | - |
| Selling, General & Admin | 15.64M | 22.01M | 40.01M | 76.18M | 63.88M | 72.74M | 62.69M | 55.1M |
| SG&A % of Revenue | 43.18% | 41.9% | 36.16% | 45.39% | 26.97% | 41.59% | 41.16% | - |
| Research & Development | 7.73M | 9.41M | 21.57M | 29.42M | 28.8M | 29.37M | 26.22M | 24.11M |
| R&D % of Revenue | 21.34% | 17.9% | 19.5% | 17.53% | 12.16% | 16.79% | 17.22% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -1.37M | -1000K |
| Operating Income | -24.43M▲ 0% | -35.72M▼ 46.2% | -71.65M▼ 100.6% | -104.25M▼ 45.5% | -43.16M▲ 58.6% | -41.77M▲ 3.2% | -37.68M▲ 9.8% | -1.49M▲ 0% |
| Operating Margin % | -67.44% | -67.99% | -64.76% | -62.12% | -18.22% | -23.89% | -24.74% | -0.99% |
| Operating Income Growth % | - | -46.17% | -100.62% | -45.5% | 58.6% | 3.21% | 9.8% | - |
| EBITDA | -24.38M | -34.96M | -71.19M | -99.99M | -37.63M | -35.28M | -29.44M | 4.81M |
| EBITDA Margin % | -67.27% | -66.55% | -64.34% | -59.58% | -15.89% | -20.17% | -19.33% | 3.21% |
| EBITDA Growth % | - | -43.43% | -103.63% | -40.46% | 62.37% | 6.24% | 16.53% | 107.11% |
| D&A (Non-Cash Add-back) | 59K | 756K | 463K | 4.26M | 5.53M | 6.5M | 8.24M | 6.29M |
| EBIT | -24.43M | -36.4M | -71.65M | -104.25M | -43.16M | -41.77M | -37.68M | -21.84M |
| Net Interest Income | 158K | -559K | -249K | 1.95M | 8.58M | 8.24M | 3.92M | 2.72M |
| Interest Income | 158K | 0 | 0 | 1.95M | 8.58M | 8.24M | 4.3M | 3.96M |
| Interest Expense | 0 | 559K | 249K | 0 | 0 | 0 | 378K | 279K |
| Other Income/Expense | -427K | -1.24M | -194K | 2.54M | 8.46M | 8.4M | -22.84M | -23.36M |
| Pretax Income | -30.26M▲ 0% | -36.96M▼ 22.1% | -71.85M▼ 94.4% | -101.71M▼ 41.6% | -34.7M▲ 65.9% | -33.38M▲ 3.8% | -60.52M▼ 81.3% | -24.85M▲ 0% |
| Pretax Margin % | -83.52% | -70.35% | -64.94% | -60.61% | -14.65% | -19.08% | -39.73% | -16.6% |
| Income Tax | 0 | 149K | 115K | -5.39M | -108K | 267K | 41K | -27K |
| Effective Tax Rate % | 0% | -0.4% | -0.16% | 5.3% | 0.31% | -0.8% | -0.07% | 0.11% |
| Net Income | -33.47M▲ 0% | -37.11M▼ 10.9% | -71.96M▼ 93.9% | -96.32M▼ 33.9% | -34.59M▲ 64.1% | -33.64M▲ 2.7% | -60.56M▼ 80.0% | -24.82M▲ 0% |
| Net Margin % | -92.37% | -70.64% | -65.04% | -57.4% | -14.6% | -19.24% | -39.76% | -16.59% |
| Net Income Growth % | - | -10.88% | -93.92% | -33.85% | 64.09% | 2.73% | -80% | 62.47% |
| Net Income (Continuing) | -30.26M | -37.11M | -71.96M | -96.32M | -34.59M | -33.64M | -60.56M | -24.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -36.34▲ 0% | -3.58▲ 90.1% | -0.37▲ 89.7% | -0.49▼ 32.4% | -0.17▲ 65.3% | -0.17▲ 0.0% | -0.32▼ 88.2% | -0.13▲ 0% |
| EPS Growth % | - | 90.15% | 89.66% | -32.43% | 65.31% | 0% | -88.24% | 62.68% |
| EPS (Basic) | -36.34 | -3.58 | -0.37 | -0.49 | -0.17 | -0.17 | -0.32 | - |
| Diluted Shares Outstanding | 921K | 10.38M | 193.86M | 195.57M | 200.7M | 199.18M | 189.68M | 191.65M |
| Basic Shares Outstanding | 921K | 10.38M | 193.86M | 195.57M | 200.7M | 199.18M | 189.68M | 191.65M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
SmartRent, Inc. (SMRT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 40.18M | 87.66M | 536.01M | 378.36M | 340.34M | 257.65M | 187.88M | 168.57M |
| Cash & Short-Term Investments | 21.42M | 38.62M | 430.84M | 210.41M | 215.21M | 142.48M | 104.55M | 98.82M |
| Cash Only | 21.42M | 38.62M | 430.84M | 210.41M | 215.21M | 142.48M | 104.55M | 98.82M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.85M | 20.79M | 45.49M | 62.44M | 61.9M | 59.3M | 47.4M | 36.75M |
| Days Sales Outstanding | 68.97 | 144.43 | 150.06 | 135.81 | 95.4 | 123.76 | 113.58 | 118.84 |
| Inventory | 6.29M | 17.63M | 33.21M | 75.72M | 41.58M | 35.26M | 26.67M | 24.4M |
| Days Inventory Outstanding | 61.53 | 113.22 | 100.41 | 166.03 | 81.02 | 112.36 | 95.01 | 104.5 |
| Other Current Assets | 2.89M | 7.35M | 11.39M | 24.74M | 14.5M | 12.74M | 9.26M | 8.6M |
| Total Non-Current Assets | 7.27M | 16.19M | 43.68M | 182.49M | 169.42M | 162.53M | 133.05M | 131.66M |
| Property, Plant & Equipment | 2.13M | 1.77M | 4.8M | 2.07M | 3.95M | 2.45M | 5.12M | 4.86M |
| Fixed Asset Turnover | 17.04x | 29.73x | 23.04x | 81.11x | 59.96x | 71.35x | 29.75x | 21.76x |
| Goodwill | 0 | 4.16M | 12.67M | 117.27M | 117.27M | 117.27M | 92.34M | 92.34M |
| Intangible Assets | 0 | 0 | 3.59M | 31.12M | 32.88M | 23.38M | 19.5M | 18.53M |
| Long-Term Investments | 0 | 0 | 0 | 247K | 2.25M | 0 | 0 | 0 |
| Other Non-Current Assets | 5.15M | 10.27M | 22.62M | 32.03M | 13.07M | 19.43M | 16.09M | 42.93M |
| Total Assets | 47.45M▲ 0% | 103.85M▲ 118.8% | 579.68M▲ 458.2% | 560.85M▼ 3.2% | 509.76M▼ 9.1% | 420.18M▼ 17.6% | 320.93M▼ 23.6% | 300.24M▲ 0% |
| Asset Turnover | 0.76x | 0.51x | 0.19x | 0.30x | 0.46x | 0.42x | 0.47x | 0.46x |
| Asset Growth % | - | 118.84% | 458.2% | -3.25% | -9.11% | -17.57% | -23.62% | -92.28% |
| Total Current Liabilities | 21.29M | 32.83M | 70.57M | 132.78M | 117.31M | 71.03M | 60.02M | 42.72M |
| Accounts Payable | 1.68M | 2.27M | 6.15M | 18.36M | 15.08M | 8.72M | 13.01M | 8.55M |
| Days Payables Outstanding | 16.4 | 14.61 | 18.59 | 40.26 | 29.38 | 27.77 | 46.35 | 40.9 |
| Short-Term Debt | 7.64M | 1.65M | 0 | 0 | 0 | 0 | 1.62M | 0 |
| Deferred Revenue (Current) | 0 | 19.35M | 42.19M | 80.02M | 77.26M | 35.07M | 32.97M | 131.89M |
| Other Current Liabilities | 5.37M | 6.32M | 17.68M | 20.24M | 16.29M | 27.25M | 12.42M | 17.8M |
| Current Ratio | 1.89x | 2.67x | 7.60x | 2.85x | 2.90x | 3.63x | 3.13x | 3.13x |
| Quick Ratio | 1.59x | 2.13x | 7.13x | 2.28x | 2.55x | 3.13x | 2.69x | 2.69x |
| Cash Conversion Cycle | 114.09 | 243.03 | 231.88 | 261.58 | 147.04 | 208.35 | 162.24 | 182.44 |
| Total Non-Current Liabilities | 24.39M | 37.84M | 59.61M | 63.87M | 50M | 59.71M | 28.77M | 26.84M |
| Long-Term Debt | 9.61M | 3.17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 1.31M | 7.02M | 5.79M | 18.31M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.77M | 516K | 6.2M | 3.94M | 2.79M | 100K | 8K | 20.94M |
| Total Liabilities | 45.68M | 70.67M | 130.18M | 196.65M | 167.31M | 130.74M | 88.79M | 69.56M |
| Total Debt | 17.68M | 4.82M | 0 | 0 | 1.31M | 7.02M | 7.41M | 0 |
| Net Debt | -3.74M | -33.8M | -430.84M | -210.41M | -213.9M | -135.46M | -97.14M | -98.82M |
| Debt / Equity | 9.95x | 0.15x | - | - | 0.00x | 0.02x | 0.03x | 0.03x |
| Debt / EBITDA | - | - | - | - | - | - | - | 0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | -20.55x |
| Interest Coverage | - | -65.12x | -287.76x | - | - | - | -99.68x | -78.29x |
| Total Equity | 1.78M▲ 0% | 33.18M▲ 1767.3% | 449.5M▲ 1254.7% | 364.2M▼ 19.0% | 342.45M▼ 6.0% | 289.44M▼ 15.5% | 232.14M▼ 19.8% | 230.67M▲ 0% |
| Equity Growth % | - | 1767.3% | 1254.66% | -18.98% | -5.97% | -15.48% | -19.8% | -78.44% |
| Book Value per Share | 1.93 | 3.20 | 2.32 | 1.86 | 1.71 | 1.45 | 1.22 | 1.20 |
| Total Shareholders' Equity | 1.78M | 33.18M | 449.5M | 364.2M | 342.45M | 289.44M | 232.14M | 230.67M |
| Common Stock | 0 | 0 | 19K | 20K | 20K | 19K | 19K | 19K |
| Retained Earnings | -45.53M | -82.64M | -154.6M | -250.93M | -285.51M | -347.85M | -413.29M | -417.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 235K | 9K | -176K | -216K | -98K | 363K | -104K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SmartRent, Inc. (SMRT) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -21.86M | -28.49M | -70.38M | -77.83M | 5.98M | -32.91M | -21.57M | -21.57M |
| Operating CF Margin % | -60.34% | -54.23% | -63.61% | -46.38% | 2.53% | -18.82% | -14.16% | - |
| Operating CF Growth % | - | -30.31% | -147.02% | -10.6% | 107.68% | -650.29% | 34.45% | 260.91% |
| Net Income | -30.26M | -37.11M | -71.96M | -96.32M | -34.59M | -33.64M | 0 | -24.82M |
| Depreciation & Amortization | 59K | 295K | 463K | 4.26M | 5.53M | 6.5M | 0 | 280K |
| Stock-Based Compensation | 7.01M | 1.76M | 8.13M | 13.72M | 13.27M | 12.07M | 0 | 221K |
| Deferred Taxes | 1.75M | 0 | 0 | -5.72M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 11.07M | 9.23M | 9.43M | 11.17M | 8.97M | 10.58M | -14.74M | -45.91M |
| Working Capital Changes | -9.75M | -2.66M | -16.43M | -4.94M | 12.8M | -28.42M | -6.83M | -4.27M |
| Change in Receivables | -4.22M | -13.53M | -23.97M | -15.94M | -177K | 1.1M | 12.91M | 14.24M |
| Change in Inventory | -4.54M | -11.09M | -15.78M | -42.81M | 31.69M | -1.28M | 4.5M | 5.11M |
| Change in Payables | 0 | -72K | 3.81M | 12.45M | -3.48M | -6.4M | 4.19M | -2.8M |
| Cash from Investing | -821K | -2.68M | -9.37M | -133.99M | -6.02M | -7.6M | -8.63M | -6.24M |
| Capital Expenditures | -771K | -298K | -1.47M | -1.11M | -147K | -1.77M | -8.63M | 1.05M |
| CapEx % of Revenue | 2.13% | 0.57% | 1.33% | 0.66% | 0.06% | 1.01% | 5.66% | - |
| Acquisitions | 0 | -2.38M | -5.9M | -129.68M | -2.25M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -50K | 0 | -2M | -3.2M | -3.63M | -5.83M | 0 | -7.29M |
| Cash from Financing | 40.98M | 48.22M | 473.93M | -2.8M | -1.91M | -32.96M | -7.44M | -5.55M |
| Debt Issued (Net) | 18.76M | -9.22M | -5.52M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 57.5M | 35M | 0 | 0 | -28.57M | -4.6M | -3.58M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -28.57M | -4.89M | -3.58M |
| Other Financing | 22.22M | -61K | 443.79M | -2.8M | -1.91M | -4.4M | -2.84M | -1.97M |
| Net Change in Cash | 21.42M▲ 0% | 17.19M▼ 19.7% | 393.99M▲ 2191.4% | -214.89M▼ 154.5% | -2M▲ 99.1% | -73.23M▼ 3554.0% | -37.93M▲ 48.2% | -26.78M▲ 0% |
| Free Cash Flow | -22.63M▲ 0% | -28.79M▼ 27.2% | -71.85M▼ 149.6% | -82.15M▼ 14.3% | 2.21M▲ 102.7% | -40.51M▼ 1934.8% | -25.13M▲ 38.0% | -16.35M▲ 0% |
| FCF Margin % | -62.47% | -54.8% | -64.94% | -48.95% | 0.93% | -23.16% | -16.5% | -10.93% |
| FCF Growth % | - | -27.19% | -149.57% | -14.34% | 102.69% | -1934.78% | 37.97% | 65.47% |
| FCF per Share | -24.58 | -2.77 | -0.37 | -0.42 | 0.01 | -0.20 | -0.13 | -0.13 |
| FCF Conversion (FCF/Net Income) | 0.65x | 0.77x | 0.98x | 0.81x | -0.17x | 0.98x | 0.36x | 0.66x |
| Interest Paid | 0 | 459K | 254K | 146K | 97K | 259K | 203K | 58K |
| Taxes Paid | 0 | 83K | 14K | 197K | 78K | 236K | 402K | 276K |
SmartRent, Inc. (SMRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -212.3% | -29.82% | -23.67% | -9.79% | -10.65% | -23.22% | -10.61% |
| Return on Invested Capital (ROIC) | - | -595.61% | -90.68% | -22.93% | -22.18% | -19.56% | -19.56% |
| Gross Margin | -8.18% | -9.1% | 0.8% | 20.91% | 34.5% | 32.74% | 34.36% |
| Net Margin | -70.64% | -65.04% | -57.4% | -14.6% | -19.24% | -39.76% | -16.59% |
| Debt / Equity | 0.15x | - | - | 0.00x | 0.02x | 0.03x | 0.03x |
| Interest Coverage | -65.12x | -287.76x | - | - | - | -99.68x | -78.29x |
| FCF Conversion | 0.77x | 0.98x | 0.81x | -0.17x | 0.98x | 0.36x | 0.66x |
| Revenue Growth | 44.99% | 110.6% | 51.69% | 41.13% | -26.16% | -12.9% | -9.7% |
SmartRent, Inc. (SMRT) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Mar 4, 2026·SEC
Feb 5, 2026·SEC
SmartRent, Inc. (SMRT) stock FAQ — growth, dividends, profitability & financials explained
SmartRent, Inc. (SMRT) reported $149.7M in revenue for fiscal year 2025. This represents a 313% increase from $36.2M in 2019.
SmartRent, Inc. (SMRT) saw revenue decline by 12.9% over the past year.
SmartRent, Inc. (SMRT) reported a net loss of $24.8M for fiscal year 2025.
SmartRent, Inc. (SMRT) has a return on equity (ROE) of -23.2%. Negative ROE indicates the company is unprofitable.
SmartRent, Inc. (SMRT) had negative free cash flow of $16.4M in fiscal year 2025, likely due to heavy capital investments.
SmartRent, Inc. (SMRT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates