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SmartRent, Inc.(SMRT)Earnings, Financials & Key Ratios
SMRT•NYSE
$1.41
$271M mkt cap·Price updated May 6, 2026
AboutSmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. Its solution is designed to provide communities with visibility and control their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. SmartRent, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona.Show more
- Revenue$175M-26.2%
- EBITDA-$35M+6.2%
- Net Income-$34M+2.7%
- EPS (Diluted)-0.17
- Gross Margin34.5%+65.0%
- EBITDA Margin-20.17%-27.0%
- Operating Margin-23.89%-31.1%
- Net Margin-19.24%-31.7%
- ROE-10.65%-8.8%
- ROIC-22.18%+3.3%
- Debt/Equity0.02+533.7%
SMRT Key Insights
SmartRent, Inc. (SMRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y sales CAGR of 37.0%
- ✓Trading at only 1.0x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SMRT Price & Volume
SmartRent, Inc. (SMRT) stock price & volume — 10-year historical chart
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SMRT Growth Metrics
SmartRent, Inc. (SMRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years37%
3 Years16.49%
TTM-24.3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-169.35%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-182.16%
Return on Capital
10 Years-39.27%
5 Years-28.45%
3 Years-14.68%
Last Year-11.27%
SMRT Recent Earnings
SmartRent, Inc. (SMRT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 4/12 qtrs (33%)
Q1 2026Latest
Feb 5, 2026EPS
$0.02
Est $0.02
+0.0%
Revenue
$36M
Est $36M
+0.0%
Q4 2025
Nov 5, 2025EPS
$0.03
Est $0.06
+50.0%
Revenue
$36M
Est $36M
-0.3%
Q3 2025
Aug 6, 2025EPS
$0.06
Est $0.04
-50.0%
Revenue
$38M
Est $39M
-1.0%
Q2 2025
May 7, 2025EPS
$0.05
Est $0.02
-150.0%
Revenue
$41M
Est $41M
+0.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | 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% |
| Q2 2025 | May 7, 2025 | $0.05vs $0.02-150.0% | $41Mvs $41M+0.5% |
Based on last 12 quarters of dataView full earnings history →
SMRT Peer Comparison
SmartRent, Inc. (SMRT) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARLO | 1.55B | 14.73 | 105.21 | 3.6% | 2.82% | 11.68% | 4.32% | 0.05 |
 OPEN | 4.99B | 5.23 | -3.08 | -15.18% | -29.74% | -129.35% | 20.79% | 0.19 |
 REZI | 6.05B | 40.34 | -10.70 | 10.52% | -7.05% | -18.07% | 1.09 | |
 APPF | 6.22B | 172.76 | 44.53 | 19.72% | 15.27% | 30.9% | 3.84% | 0.13 |
 RHP | 6.82B | 108.14 | 28.68 | 10.15% | 9.93% | 23.77% | 3.41% | 3.54 |
 REAL | 3.69B | 12.72 | -18.71 | 15.38% | -6.03% | 0.5% | ||
 AMT | 82.98B | 178.12 | 33.05 | 5.11% | 26.6% | 27.44% | 4.56% | 4.34 |
 EQIX | 106.36B | 1078.46 | 78.38 | 5.85% | 15.03% | 10.02% | 1.60 |
Compare SMRT vs Peers
SmartRent, Inc. (SMRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SMRT Income Statement
SmartRent, Inc. (SMRT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 36.23M | 52.53M | 110.64M | 167.82M | 236.84M | 174.88M | 151.22M |
| Revenue Growth % | - | 44.99% | 110.6% | 51.69% | 41.13% | -26.16% | -24.3% |
| Cost of Goods Sold | 37.29M | 56.83M | 120.71M | 166.47M | 187.31M | 114.55M | 105.27M |
| COGS % of Revenue | 102.92% | 108.18% | 109.1% | 99.2% | 79.09% | 65.5% | - |
| 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% | 45.95M▲ 0% |
| Gross Margin % | -2.92% | -8.18% | -9.1% | 0.8% | 20.91% | 34.5% | 30.39% |
| Gross Profit Growth % | - | -306.14% | -134.42% | 113.38% | 3574.26% | 21.82% | - |
| Operating Expenses | 29.05M | 31.42M | 61.58M | 105.6M | 92.69M | 102.11M | 118.91M |
| OpEx % of Revenue | 80.16% | 59.81% | 55.66% | 62.92% | 39.14% | 58.39% | - |
| Selling, General & Admin | 15.64M | 22.01M | 40.01M | 76.18M | 63.88M | 72.74M | 66.18M |
| SG&A % of Revenue | 43.18% | 41.9% | 36.16% | 45.39% | 26.97% | 41.59% | - |
| Research & Development | 7.73M | 9.41M | 21.57M | 29.42M | 28.8M | 29.37M | 27.8M |
| R&D % of Revenue | 21.34% | 17.9% | 19.5% | 17.53% | 12.16% | 16.79% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 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% | -72.96M▲ 0% |
| Operating Margin % | -67.44% | -67.99% | -64.76% | -62.12% | -18.22% | -23.89% | -48.25% |
| Operating Income Growth % | - | -46.17% | -100.62% | -45.5% | 58.6% | 3.21% | - |
| EBITDA | -24.38M | -34.96M | -71.19M | -99.99M | -37.63M | -35.28M | -63.37M |
| EBITDA Margin % | -67.27% | -66.55% | -64.34% | -59.58% | -15.89% | -20.17% | -41.9% |
| EBITDA Growth % | - | -43.43% | -103.63% | -40.46% | 62.37% | 6.24% | -111.1% |
| D&A (Non-Cash Add-back) | 59K | 756K | 463K | 4.26M | 5.53M | 6.5M | 9.59M |
| EBIT | -24.43M | -36.4M | -71.65M | -104.25M | -43.16M | -41.77M | -47.22M |
| Net Interest Income | 158K | -559K | -249K | 1.95M | 8.58M | 8.24M | 3.74M |
| Interest Income | 158K | 0 | 0 | 1.95M | 8.58M | 8.24M | 3.74M |
| Interest Expense | 0 | 559K | 249K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -427K | -1.24M | -194K | 2.54M | 8.46M | 8.4M | 4.49M |
| 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% | -68.47M▲ 0% |
| Pretax Margin % | -83.52% | -70.35% | -64.94% | -60.61% | -14.65% | -19.08% | -45.28% |
| Income Tax | 0 | 149K | 115K | -5.39M | -108K | 267K | 267K |
| Effective Tax Rate % | 0% | -0.4% | -0.16% | 5.3% | 0.31% | -0.8% | -0.39% |
| 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% | -68.74M▲ 0% |
| Net Margin % | -92.37% | -70.64% | -65.04% | -57.4% | -14.6% | -19.24% | -45.45% |
| Net Income Growth % | - | -10.88% | -93.92% | -33.85% | 64.09% | 2.73% | -169.35% |
| Net Income (Continuing) | -30.26M | -37.11M | -71.96M | -96.32M | -34.59M | -33.64M | -68.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 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% | -0.36▲ 0% |
| EPS Growth % | - | 90.15% | 89.66% | -32.43% | 65.31% | 0% | -182.16% |
| EPS (Basic) | -36.34 | -3.58 | -0.37 | -0.49 | -0.17 | -0.17 | - |
| Diluted Shares Outstanding | 921K | 10.38M | 193.86M | 195.57M | 200.7M | 199.18M | 188.38M |
| Basic Shares Outstanding | 921K | 10.38M | 193.86M | 195.57M | 200.7M | 199.18M | 188.38M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
SMRT Balance Sheet
SmartRent, Inc. (SMRT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 40.18M | 87.66M | 536.01M | 378.36M | 340.34M | 257.65M | 197.11M |
| Cash & Short-Term Investments | 21.42M | 38.62M | 430.84M | 210.41M | 215.21M | 142.48M | 100.02M |
| Cash Only | 21.42M | 38.62M | 430.84M | 210.41M | 215.21M | 142.48M | 100.02M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.85M | 20.79M | 45.49M | 62.44M | 61.9M | 59.3M | 52.2M |
| Days Sales Outstanding | 68.97 | 144.43 | 150.06 | 135.81 | 95.4 | 123.76 | 132.71 |
| Inventory | 6.29M | 17.63M | 33.21M | 75.72M | 41.58M | 35.26M | 28.09M |
| Days Inventory Outstanding | 61.53 | 113.22 | 100.41 | 166.03 | 81.02 | 112.36 | 112.59 |
| Other Current Assets | 2.89M | 7.35M | 11.39M | 24.74M | 14.5M | 12.74M | 10.27M |
| Total Non-Current Assets | 7.27M | 16.19M | 43.68M | 182.49M | 169.42M | 162.53M | 138.69M |
| Property, Plant & Equipment | 2.13M | 1.77M | 4.8M | 2.07M | 3.95M | 2.45M | 8.59M |
| Fixed Asset Turnover | 17.04x | 29.73x | 23.04x | 81.11x | 59.96x | 71.35x | 18.55x |
| Goodwill | 0 | 4.16M | 12.67M | 117.27M | 117.27M | 117.27M | 92.34M |
| Intangible Assets | 0 | 0 | 3.59M | 31.12M | 32.88M | 23.38M | 30.56M |
| Long-Term Investments | 0 | 0 | 0 | 247K | 2.25M | 0 | 0 |
| Other Non-Current Assets | 5.15M | 10.27M | 22.62M | 32.03M | 13.07M | 19.43M | 21.88M |
| 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% | 335.8M▲ 0% |
| Asset Turnover | 0.76x | 0.51x | 0.19x | 0.30x | 0.46x | 0.42x | 0.41x |
| Asset Growth % | - | 118.84% | 458.2% | -3.25% | -9.11% | -17.57% | -92.85% |
| Total Current Liabilities | 21.29M | 32.83M | 70.57M | 132.78M | 117.31M | 71.03M | 72.62M |
| Accounts Payable | 1.68M | 2.27M | 6.15M | 18.36M | 15.08M | 8.72M | 10.81M |
| Days Payables Outstanding | 16.4 | 14.61 | 18.59 | 40.26 | 29.38 | 27.77 | 37.52 |
| Short-Term Debt | 7.64M | 1.65M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 19.35M | 42.19M | 80.02M | 77.26M | 35.07M | 147.96M |
| Other Current Liabilities | 5.37M | 6.32M | 17.68M | 20.24M | 16.29M | 27.25M | 18.9M |
| Current Ratio | 1.89x | 2.67x | 7.60x | 2.85x | 2.90x | 3.63x | 3.63x |
| Quick Ratio | 1.59x | 2.13x | 7.13x | 2.28x | 2.55x | 3.13x | 3.13x |
| Cash Conversion Cycle | 114.09 | 243.03 | 231.88 | 261.58 | 147.04 | 208.35 | 207.78 |
| Total Non-Current Liabilities | 24.39M | 37.84M | 59.61M | 63.87M | 50M | 59.71M | 28.76M |
| Long-Term Debt | 9.61M | 3.17M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 1.31M | 7.02M | 26.26M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.77M | 516K | 6.2M | 3.94M | 2.79M | 100K | 388K |
| Total Liabilities | 45.68M | 70.67M | 130.18M | 196.65M | 167.31M | 130.74M | 101.39M |
| Total Debt | 17.68M | 4.82M | 0 | 0 | 1.31M | 7.02M | 6.11M |
| Net Debt | -3.74M | -33.8M | -430.84M | -210.41M | -213.9M | -135.46M | -93.92M |
| Debt / Equity | 9.95x | 0.15x | - | - | 0.00x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | -0.10x |
| Net Debt / EBITDA | - | - | - | - | - | - | 1.48x |
| Interest Coverage | - | -63.89x | -287.76x | - | - | - | - |
| 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% | 234.41M▲ 0% |
| Equity Growth % | - | 1767.3% | 1254.66% | -18.98% | -5.97% | -15.48% | -90.89% |
| Book Value per Share | 1.93 | 3.20 | 2.32 | 1.86 | 1.71 | 1.45 | 1.24 |
| Total Shareholders' Equity | 1.78M | 33.18M | 449.5M | 364.2M | 342.45M | 289.44M | 234.41M |
| Common Stock | 0 | 0 | 19K | 20K | 20K | 19K | 19K |
| Retained Earnings | -45.53M | -82.64M | -154.6M | -250.93M | -285.51M | -347.85M | -410.06M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 235K | 9K | -176K | -216K | -98K | 623K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SMRT Cash Flow Statement
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 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -21.86M | -28.49M | -70.38M | -77.83M | 5.98M | -32.91M | -32.91M |
| Operating CF Margin % | -60.34% | -54.23% | -63.61% | -46.38% | 2.53% | -18.82% | - |
| Operating CF Growth % | - | -30.31% | -147.02% | -10.6% | 107.68% | -650.29% | -493.69% |
| Net Income | -30.26M | -37.11M | -71.96M | -96.32M | -34.59M | -33.64M | -68.74M |
| Depreciation & Amortization | 59K | 295K | 463K | 4.26M | 5.53M | 6.5M | 7.97M |
| Stock-Based Compensation | 7.01M | 1.76M | 8.13M | 13.72M | 13.27M | 12.07M | 9.63M |
| Deferred Taxes | 1.75M | 0 | 0 | -5.72M | 0 | 0 | 0 |
| Other Non-Cash Items | 11.07M | 9.23M | 9.43M | 11.17M | 8.97M | 10.58M | 26.57M |
| Working Capital Changes | -9.75M | -2.66M | -16.43M | -4.94M | 12.8M | -28.42M | -16.68M |
| Change in Receivables | -4.22M | -13.53M | -23.97M | -15.94M | -177K | 1.1M | 10.7M |
| Change in Inventory | -4.54M | -11.09M | -15.78M | -42.81M | 31.69M | -1.28M | 4.13M |
| Change in Payables | 0 | -72K | 3.81M | 12.45M | -3.48M | -6.4M | 1.13M |
| Cash from Investing | -821K | -2.68M | -9.37M | -133.99M | -6.02M | -7.6M | -9.52M |
| Capital Expenditures | -771K | -298K | -1.47M | -1.11M | -147K | -1.77M | -5.89M |
| CapEx % of Revenue | 2.13% | 0.57% | 1.33% | 0.66% | 0.06% | 1.01% | - |
| Acquisitions | 0 | -2.38M | -5.9M | -129.68M | -2.25M | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -50K | 0 | -2M | -3.2M | -3.63M | -5.83M | -3.62M |
| Cash from Financing | 40.98M | 48.22M | 473.93M | -2.8M | -1.91M | -32.96M | -13.71M |
| Debt Issued (Net) | 18.76M | -9.22M | -5.52M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 1000K | 0 | 0 | -1000K | -3M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -28.57M | -10.02M |
| Other Financing | 22.22M | -61K | 443.79M | -2.8M | -1.91M | -4.4M | -3.68M |
| 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% | -63.63M▲ 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% | -49.66M▲ 0% |
| FCF Margin % | -62.47% | -54.8% | -64.94% | -48.95% | 0.93% | -23.16% | -32.84% |
| FCF Growth % | - | -27.19% | -149.57% | -14.34% | 102.69% | -1934.78% | -252.07% |
| FCF per Share | -24.58 | -2.77 | -0.37 | -0.42 | 0.01 | -0.20 | -0.20 |
| FCF Conversion (FCF/Net Income) | 0.65x | 0.77x | 0.98x | 0.81x | -0.17x | 0.98x | 0.72x |
| Interest Paid | 0 | 459K | 254K | 146K | 97K | 259K | 205K |
| Taxes Paid | 0 | 83K | 14K | 197K | 78K | 236K | 411K |
SMRT Key Ratios
SmartRent, Inc. (SMRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -212.3% | -29.82% | -23.67% | -9.79% | -10.65% | -29.32% |
| Return on Invested Capital (ROIC) | - | -595.61% | -90.68% | -22.93% | -22.18% | -22.18% |
| Gross Margin | -8.18% | -9.1% | 0.8% | 20.91% | 34.5% | 30.39% |
| Net Margin | -70.64% | -65.04% | -57.4% | -14.6% | -19.24% | -45.45% |
| Debt / Equity | 0.15x | - | - | 0.00x | 0.02x | 0.02x |
| Interest Coverage | -63.89x | -287.76x | - | - | - | - |
| FCF Conversion | 0.77x | 0.98x | 0.81x | -0.17x | 0.98x | 0.72x |
| Revenue Growth | 44.99% | 110.6% | 51.69% | 41.13% | -26.16% | -24.3% |
SMRT SEC Filings & Documents
SmartRent, Inc. (SMRT) SEC filings — annual & quarterly reports (10-K, 10-Q)
SMRT Frequently Asked Questions
SmartRent, Inc. (SMRT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
SmartRent, Inc. (SMRT) reported $151.2M in revenue for fiscal year 2024. This represents a 317% increase from $36.2M in 2019.
SmartRent, Inc. (SMRT) saw revenue decline by 26.2% over the past year.
SmartRent, Inc. (SMRT) reported a net loss of $68.7M for fiscal year 2024.
Dividend & Returns
SmartRent, Inc. (SMRT) has a return on equity (ROE) of -10.6%. Negative ROE indicates the company is unprofitable.
SmartRent, Inc. (SMRT) had negative free cash flow of $49.7M in fiscal year 2024, likely due to heavy capital investments.
Explore More SMRT
SmartRent, Inc. (SMRT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates