The company's financial position is characterized by a significant $417.7 million accumulated deficit in retained earnings, though it maintains a solid liquidity buffer with a current ratio of 3.90.
| Total Current Assets | 166.71M | 187.88M | 257.65M | 340.34M | 378.36M | 536.01M | 87.66M | 40.18M |
| Cash & Short-Term Investments | 98.82M | 104.55M | 142.48M | 215.21M | 210.41M | 430.84M | 38.62M | 21.42M |
| Cash Only | 98.82M | 104.55M | 142.48M | 215.21M | 210.41M | 430.84M | 38.62M | 21.42M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 36.75M | 47.4M | 59.3M | 61.9M | 62.44M | 45.49M | 20.79M | 6.85M |
| Days Sales Outstanding | 118.84 | 113.58 | 123.76 | 95.4 | 135.81 | 150.06 | 144.43 | 68.97 |
| Inventory | 24.4M | 26.67M | 35.26M | 41.58M | 75.72M | 33.21M | 17.63M | 6.29M |
| Days Inventory Outstanding | 104.5 | 95.01 | 112.36 | 81.02 | 166.03 | 100.41 | 113.22 | 61.53 |
| Other Current Assets | 327K | 9.26M | 12.74M | 14.5M | 24.74M | 11.39M | 7.35M | 2.89M |
| Total Non-Current Assets | 133.52M | 133.05M | 162.53M | 169.42M | 182.49M | 43.68M | 16.19M | 7.27M |
| Property, Plant & Equipment | 7.56M | 5.12M | 2.45M | 3.95M | 2.07M | 4.8M | 1.77M | 2.13M |
| Fixed Asset Turnover | 19.82x | 29.75x | 71.35x | 59.96x | 81.11x | 23.04x | 29.73x | 17.04x |
| Goodwill | 92.34M | 92.34M | 117.27M | 117.27M | 117.27M | 12.67M | 4.16M | 0 |
| Intangible Assets | 29.52M | 19.5M | 23.38M | 32.88M | 31.12M | 3.59M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 2.25M | 247K | 0 | 0 | 0 |
| Other Non-Current Assets | 4.11M | 16.09M | 19.43M | 13.07M | 32.03M | 22.62M | 10.27M | 5.15M |
| Total Assets | 300.24M | 320.93M | 420.18M | 509.76M | 560.85M | 579.68M | 103.85M | 47.45M |
| Asset Turnover | 0.46x | 0.47x | 0.42x | 0.46x | 0.30x | 0.19x | 0.51x | 0.76x |
| Asset Growth % | -92.28% | -23.62% | -17.57% | -9.11% | -3.25% | 458.2% | 118.84% | - |
| Total Current Liabilities | 42.72M | 60.02M | 71.03M | 117.31M | 132.78M | 70.57M | 32.83M | 21.29M |
| Accounts Payable | 8.55M | 13.01M | 8.72M | 15.08M | 18.36M | 6.15M | 2.27M | 1.68M |
| Days Payables Outstanding | 40.9 | 46.35 | 27.77 | 29.38 | 40.26 | 18.59 | 14.61 | 16.4 |
| Short-Term Debt | 0 | 1.62M | 0 | 0 | 0 | 0 | 1.65M | 7.64M |
| Deferred Revenue (Current) | 131.89M | 32.97M | 35.07M | 77.26M | 80.02M | 42.19M | 19.35M | 0 |
| Other Current Liabilities | 5.57M | 12.42M | 27.25M | 16.29M | 20.24M | 17.68M | 6.32M | 5.37M |
| Current Ratio | 3.90x | 3.13x | 3.63x | 2.90x | 2.85x | 7.60x | 2.67x | 1.89x |
| Quick Ratio | 3.33x | 2.69x | 3.13x | 2.55x | 2.28x | 7.13x | 2.13x | 1.59x |
| Cash Conversion Cycle | 182.44 | 162.24 | 208.35 | 147.04 | 261.58 | 231.88 | 243.03 | 114.09 |
| Total Non-Current Liabilities | 26.84M | 28.77M | 59.71M | 50M | 63.87M | 59.61M | 37.84M | 24.39M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3.17M | 9.61M |
| Capital Lease Obligations | 23.78M | 5.79M | 7.02M | 1.31M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5K | 8K | 100K | 2.79M | 3.94M | 6.2M | 516K | 14.77M |
| Total Liabilities | 69.56M | 88.79M | 130.74M | 167.31M | 196.65M | 130.18M | 70.67M | 45.68M |
| Total Debt | 5.47M | 7.41M | 7.02M | 1.31M | 0 | 0 | 4.82M | 17.68M |
| Net Debt | -93.35M | -97.14M | -135.46M | -213.9M | -210.41M | -430.84M | -33.8M | -3.74M |
| Debt / Equity | 0.02x | 0.03x | 0.02x | 0.00x | - | - | 0.15x | 9.95x |
| Debt / EBITDA | -0.28x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 4.74x | - | - | - | - | - | - | - |
| Interest Coverage | -485.45x | -99.68x | - | - | - | -287.76x | -65.12x | - |
| Total Equity | 230.67M | 232.14M | 289.44M | 342.45M | 364.2M | 449.5M | 33.18M | 1.78M |
| Equity Growth % | -78.44% | -19.8% | -15.48% | -5.97% | -18.98% | 1254.66% | 1767.3% | - |
| Book Value per Share | 1.20 | 1.22 | 1.45 | 1.71 | 1.86 | 2.32 | 3.20 | 1.93 |
| Total Shareholders' Equity | 230.67M | 232.14M | 289.44M | 342.45M | 364.2M | 449.5M | 33.18M | 1.78M |
| Common Stock | 19K | 19K | 19K | 20K | 20K | 19K | 0 | 0 |
| Retained Earnings | -417.74M | -413.29M | -347.85M | -285.51M | -250.93M | -154.6M | -82.64M | -45.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -104K | 363K | -98K | -216K | -176K | 9K | 235K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent cash burn trajectory
According to recent quarterly filings, SmartRent's total assets have declined from $509.8 million in 2023Q4 to $300.2 million in 2026Q1, signaling a significant contraction in the company's balance sheet scale as it navigates a challenging environment for institutional property technology deployments and capital expenditure.
The consistent reduction in total assets suggests that the company is rightsizing its operations in response to the broader slowdown in multifamily construction. This trend warrants close monitoring, as it may indicate a strategic pivot away from capital-intensive growth toward a more defensive, leaner operational posture.
Based on reported financial statements, SmartRent maintains a current ratio of 3.90 as of 2026Q1, providing a substantial liquidity buffer despite the company's ongoing cash burn and the recent decline in cash reserves from $215.2 million in 2023Q4 to $98.8 million in the most recent period.
While the current ratio appears robust, the steady depletion of cash reserves suggests that the company is consuming its capital base to fund operations. Investors should evaluate whether this liquidity runway is sufficient to reach a self-sustaining cash flow inflection point before further capital raises become necessary.
As indicated by the company's balance sheet, retained earnings have deteriorated significantly to a deficit of $417.7 million in 2026Q1, reflecting the cumulative impact of persistent net losses that continue to erode the firm's total equity base over the observed ten-quarter period.
The widening deficit in retained earnings underscores the difficulty the company faces in converting its installed base into profitable growth. This persistent erosion of equity suggests that the current business model has yet to demonstrate the operating leverage required to offset its historical development and overhead costs.
Analysis of the balance sheet reveals that goodwill remains a material component of total assets at $92.3 million as of 2026Q1, which, when viewed alongside the company's contracting revenue, suggests a potential risk of future impairment charges if the underlying business performance fails to improve.
The presence of significant intangible assets on the balance sheet may mask the true economic value of the firm's acquisitions in a period of declining growth. Should the company's market position continue to soften, these assets could become a source of volatility, necessitating non-cash write-downs that would further impact the equity position.
Quick answers to the most common questions about buying SMRT stock.
As of 2025, SmartRent, Inc. (SMRT) had total assets of $320.9M including $187.9M in current assets.
SmartRent, Inc. (SMRT) carries total debt of $7.4M, offset by $104.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SmartRent, Inc. (SMRT) has total shareholders' equity (book value) of $232.1M ($1.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SmartRent, Inc. (SMRT) reported a current ratio of 3.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.