NYSE : SMRT
SmartRent, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 258.68M
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Financial statements
SmartRent, Inc. (SMRT) reported revenue of 151.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 151.20M | 152.33M | 174.88M | 236.84M | 167.82M | 110.64M |
| Cost of Revenue | 96.26M | 102.50M | 114.57M | 187.34M | 166.47M | 120.71M |
| Gross Profit | 54.94M | 49.83M | 60.32M | 49.50M | 1.35M | -10.07M |
| Selling, General & Admin | 53.08M | 58.04M | 71.45M | 61.33M | 60.31M | 39.20M |
| Research & Development | 23.23M | 26.22M | 29.37M | 28.80M | 29.42M | 21.57M |
| Operating Expenses | 76.31M | 84.26M | 100.82M | 90.13M | 89.73M | 60.77M |
| Operating Income | -21.37M | -34.44M | -40.50M | -40.63M | -88.38M | -70.84M |
| Interest Expense | -374.00K | -378.00K | -400.00K | -397.00K | -249.00K | |
| Interest & Investment Income | 3.57M | 4.30M | 8.64M | 8.98M | 1.95M | |
| Other Non Operating Income (Expenses) | -398.00K | -462.00K | 154.00K | -116.00K | 595.00K | 55.00K |
| EBT Excluding Unusual Items | -18.57M | -30.98M | -32.11M | -32.16M | -85.84M | -71.03M |
| Merger & Restructuring Charges | -2.12M | -6.62M | -812.00K | |||
| Impairment of Goodwill | -24.93M | |||||
| Asset Writedown | -4.44M | |||||
| Legal Settlements | -1.48M | -4.91M | -2.23M | |||
| Other Unusual Items | 294.00K | 294.00K | 960.00K | -412.00K | -4.80M | |
| Pretax Income | -19.76M | -60.52M | -33.38M | -34.70M | -101.71M | -71.85M |
| Income Tax Expense | -156.00K | 41.00K | 267.00K | -108.00K | -5.39M | 115.00K |
| Net Income | -19.60M | -60.56M | -33.64M | -34.59M | -96.32M | -71.96M |
| Net Income to Common | -19.60M | -60.56M | -33.64M | -34.59M | -96.32M | -71.96M |
| Shares Outstanding (Basic) | 190.40M | 189.68M | 199.18M | 200.70M | 195.57M | 74.72M |
| Shares Outstanding (Diluted) | 190.40M | 189.68M | 199.18M | 200.70M | 195.57M | 74.72M |
| EPS (Basic) | -0.10 | -0.32 | -0.17 | -0.17 | -0.49 | -0.96 |
| EPS (Diluted) | -0.10 | -0.32 | -0.17 | -0.17 | -0.49 | -0.96 |
| Free Cash Flow | -1.05M | -25.13M | -34.68M | 5.83M | -78.95M | -71.85M |
| Free Cash Flow Per Share | -0.01 | -0.13 | -0.17 | 0.03 | -0.40 | -0.96 |
| Gross Margin | 36.34% | 32.71% | 34.49% | 20.90% | 0.80% | -9.10% |
| Operating Margin | -14.13% | -22.61% | -23.16% | -17.15% | -52.66% | -64.03% |
| Profit Margin | -12.96% | -39.76% | -19.24% | -14.60% | -57.40% | -65.04% |
| Free Cash Flow Margin | -0.70% | -16.50% | -19.83% | 2.46% | -47.04% | -64.94% |
| EBITDA | -16.09M | -29.45M | -35.77M | -35.87M | -84.20M | -70.38M |
| EBITDA Margin | -10.64% | -19.34% | -20.45% | -15.15% | -50.17% | -63.61% |
| D&A For EBITDA | 5.29M | 4.98M | 4.74M | 4.75M | 4.18M | 463.00K |
| EBIT | -21.37M | -34.44M | -40.50M | -40.63M | -88.38M | -70.84M |
| EBIT Margin | -14.13% | -22.61% | -23.16% | -17.15% | -52.66% | -64.03% |
| Revenue as Reported | 151.20M | 152.33M | 174.88M | 236.84M | 167.82M | 110.64M |
| Advertising Expenses | 743.00K | 650.00K | 423.00K | 292.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 92.66M | 104.55M | 142.48M | 215.21M | 210.41M | 430.84M |
| Cash & Short-Term Investments | 92.66M | 104.55M | 142.48M | 215.21M | 210.41M | 430.84M |
| Receivables | 38.10M | 47.40M | 59.30M | 61.90M | 62.44M | 45.49M |
| Inventory | 21.33M | 26.67M | 35.26M | 41.58M | 75.72M | 33.21M |
| Prepaid Expenses | 7.99M | 5.86M | 7.87M | 7.14M | 5.04M | 15.08M |
| Restricted Cash | 495.00K | 7.06M | 1.27M | |||
| Other Current Assets | 2.31M | 3.40M | 12.74M | 14.01M | 17.68M | 10.12M |
| Total Current Assets | 162.40M | 187.88M | 257.65M | 340.34M | 378.36M | 536.01M |
| Property, Plant & Equipment | 7.27M | 7.93M | 6.26M | 3.95M | 6.04M | 4.80M |
| Long-Term Investments | 2.25M | |||||
| Goodwill | 92.34M | 92.34M | 117.27M | 117.27M | 117.27M | 12.67M |
| Other Intangible Assets | 29.29M | 30.35M | 32.84M | 32.88M | 34.19M | 3.59M |
| Long-Term Deferred Charges | 121.00K | 3.07M | 11.25M | 22.51M | 18.33M | |
| Other Long-Term Assets | 2.40M | 2.31M | 3.09M | 1.82M | 2.49M | 4.29M |
| Total Assets | 293.70M | 320.93M | 420.18M | 509.76M | 560.85M | 579.68M |
| Accounts Payable | 8.46M | 13.01M | 8.72M | 15.08M | 18.36M | 6.15M |
| Accrued Expenses | 13.08M | 11.16M | 21.30M | 16.95M | 22.73M | 12.30M |
| Current Portion of Leases | 1.23M | |||||
| Current Unearned Revenue | 19.02M | 32.97M | 35.07M | 77.26M | 80.02M | 42.19M |
| Other Current Liabilities | 2.13M | 1.65M | 5.94M | 8.03M | 11.67M | 9.93M |
| Total Current Liabilities | 42.68M | 60.02M | 71.03M | 117.31M | 132.78M | 70.57M |
| Long-Term Leases | 5.23M | 5.79M | 7.02M | |||
| Long-Term Unearned Revenue | 20.65M | 22.97M | 52.59M | 45.90M | 59.93M | 53.41M |
| Other Long-Term Liabilities | 8.00K | 100.00K | 4.10M | 3.94M | 6.20M | |
| Total Liabilities | 68.56M | 88.79M | 130.74M | 167.31M | 196.65M | 130.18M |
| Common Stock | 19.00K | 19.00K | 19.00K | 20.00K | 20.00K | 19.00K |
| Additional Paid-In Capital | 651.62M | 645.05M | 637.36M | 628.16M | 615.28M | 604.08M |
| Retained Earnings | -426.78M | -413.29M | -347.85M | -285.51M | -250.93M | -154.60M |
| Comprehensive Income & Other | 283.00K | 363.00K | -98.00K | -216.00K | -176.00K | 9.00K |
| Total Common Equity | 225.14M | 232.14M | 289.44M | 342.45M | 364.20M | 449.50M |
| Shareholders' Equity | 225.14M | 232.14M | 289.44M | 342.45M | 364.20M | 449.50M |
| Total Liabilities & Equity | 293.70M | 320.93M | 420.18M | 509.76M | 560.85M | 579.68M |
| Total Debt | 5.23M | 7.02M | 7.02M | |||
| Net Cash (Debt) | 87.43M | 97.53M | 135.46M | 215.21M | 210.41M | 430.84M |
| Net Cash Per Share | 0.46 | 0.51 | 0.68 | 1.07 | 1.08 | 5.77 |
| Filing Date Shares Outstanding | 191.61M | 192.22M | 192.70M | 203.87M | 199.25M | 194.07M |
| Total Common Shares Outstanding | 191.61M | 189.68M | 192.05M | 203.33M | 198.53M | 193.86M |
| Working Capital | 119.72M | 127.86M | 186.62M | 223.03M | 245.58M | 465.44M |
| Book Value Per Share | 1.17 | 1.22 | 1.51 | 1.68 | 1.83 | 2.32 |
| Tangible Book Value | 103.51M | 109.45M | 139.33M | 192.30M | 212.74M | 433.25M |
| Tangible Book Value Per Share | 0.54 | 0.58 | 0.73 | 0.95 | 1.07 | 2.23 |
| Machinery | 3.66M | 3.60M | 3.44M | 3.14M | 2.99M | 2.39M |
| Leasehold Improvements | 5.25M | 5.20M | 2.19M | 717.00K | 698.00K | 284.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -19.60M | -60.56M | -33.64M | -34.59M | -96.32M | -71.96M |
| Depreciation & Amortization | 5.29M | 4.98M | 4.74M | 4.75M | 4.18M | 463.00K |
| Other Amortization | 3.65M | 3.45M | 1.76M | 778.00K | 79.00K | 14.00K |
| Asset Writedown & Restructuring Costs | 24.93M | 4.44M | ||||
| Loss (Gain) From Sale of Investments | 2.25M | |||||
| Stock-Based Compensation | 10.07M | 8.78M | 12.07M | 13.27M | 13.72M | 8.13M |
| Provision & Write-off of Bad Debts | -744.00K | -666.00K | 1.44M | 819.00K | 242.00K | 226.00K |
| Other Operating Activities | 3.25M | 4.34M | 6.89M | 8.15M | 766.00K | 9.19M |
| Change in Accounts Receivable | 21.17M | 12.91M | 1.10M | -177.00K | -15.94M | -23.97M |
| Change in Inventory | 8.13M | 4.50M | -1.28M | 31.69M | -42.81M | -15.78M |
| Change in Accounts Payable | -3.24M | 4.19M | -6.40M | -3.48M | 12.45M | 3.81M |
| Change in Unearned Revenue | -26.68M | -31.73M | -35.50M | -16.80M | 43.69M | 38.95M |
| Change in Other Net Operating Assets | -2.00M | 3.30M | 13.66M | 1.57M | -2.32M | -19.44M |
| Operating Cash Flow | -706.00K | -21.57M | -32.91M | 5.98M | -77.83M | -70.38M |
| Capital Expenditures | -346.00K | -3.55M | -1.77M | -147.00K | -1.11M | -1.47M |
| Cash Acquisitions | -129.68M | -5.90M | ||||
| Sale (Purchase) of Intangibles | -5.38M | -5.07M | -5.83M | -3.63M | -3.20M | |
| Investment in Securities | -2.25M | |||||
| Investing Cash Flow | -5.72M | -8.62M | -7.60M | -6.02M | -133.99M | -9.37M |
| Long-Term Debt Repaid | -4.86M | |||||
| Net Debt Issued (Repaid) | -4.86M | |||||
| Issuance of Common Stock | 1.12M | 285.00K | 586.00K | 1.72M | 1.31M | 5.00K |
| Repurchase of Common Stock | -4.95M | -6.26M | -30.52M | -1.93M | -4.04M | |
| Other Financing Activities | -1.47M | -1.47M | -3.03M | -1.70M | -70.00K | 443.99M |
| Financing Cash Flow | -5.30M | -7.44M | -32.96M | -1.91M | -2.80M | 473.93M |
| Foreign Exchange Rate Adjustments | -655.00K | -288.00K | 247.00K | -57.00K | -264.00K | -191.00K |
| Net Cash Flow | -12.38M | -37.93M | -73.23M | -2.00M | -214.89M | 393.99M |
| Free Cash Flow | -1.05M | -25.13M | -34.68M | 5.83M | -78.95M | -71.85M |
| Free Cash Flow Margin | -0.70% | -16.50% | -19.83% | 2.46% | -47.04% | -64.94% |
| Free Cash Flow Per Share | -0.01 | -0.13 | -0.17 | 0.03 | -0.40 | -0.96 |
| Levered Free Cash Flow | 5.08M | 6.42M | -50.92M | 16.74M | -42.15M | -53.22M |
| Unlevered Free Cash Flow | 5.32M | 6.66M | -50.67M | 16.99M | -42.15M | -53.08M |
| Cash Interest Paid | 210.00K | 203.00K | 259.00K | 97.00K | 146.00K | 254.00K |
| Cash Income Tax Paid | 265.00K | 402.00K | 236.00K | 78.00K | 197.00K | 14.00K |
| Change in Working Capital | -2.61M | -6.83M | -28.42M | 12.80M | -4.94M | -16.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 264.42M | 382.19M | 337.00M | 648.06M | 481.99M | 1.88B |
| Enterprise Value | 176.99M | 288.27M | 181.47M | 437.06M | 271.87M | 1.41B |
| Last Close Price | 1.35 | 2.02 | 1.75 | 3.19 | 2.43 | 9.68 |
| Forward PE | 266.67 | 266.67 | ||||
| PS Ratio | 1.77 | 2.51 | 1.93 | 2.74 | 2.87 | 16.96 |
| PB Ratio | 1.15 | 1.65 | 1.16 | 1.89 | 1.32 | 4.17 |
| P/TBV Ratio | 2.58 | 3.49 | 2.42 | 3.37 | 2.27 | 4.33 |
| P/FCF Ratio | 111.08 | |||||
| P/OCF Ratio | 108.35 | |||||
| EV/Sales Ratio | 1.19 | 1.89 | 1.04 | 1.84 | 1.62 | 12.73 |
| EV/FCF Ratio | 74.92 | |||||
| Debt / Equity Ratio | 0.02 | 0.03 | 0.02 | |||
| Net Debt / Equity Ratio | -0.39 | -0.42 | -0.47 | -0.63 | -0.58 | -0.96 |
| Net Debt / EBITDA Ratio | 5.44 | 3.31 | 3.79 | 6.00 | 2.50 | 6.12 |
| Net Debt / FCF Ratio | 83.11 | 3.88 | 3.91 | -36.89 | 2.67 | 6.00 |
| Asset Turnover | 0.47 | 0.41 | 0.38 | 0.44 | 0.29 | 0.32 |
| Inventory Turnover | 3.52 | 3.31 | 2.98 | 3.19 | 3.06 | 4.75 |
| Quick Ratio | 3.06 | 2.53 | 2.84 | 2.36 | 2.06 | 6.75 |
| Current Ratio | 3.81 | 3.13 | 3.63 | 2.90 | 2.85 | 7.60 |
| Return on Equity (ROE) | -8.45% | -23.22% | -10.65% | -9.79% | -23.67% | -29.82% |
| Return on Assets (ROA) | -4.12% | -5.81% | -5.44% | -4.74% | -9.69% | -12.96% |
| Return on Capital Employed (ROCE) | -8.50% | -13.20% | -11.60% | -10.40% | -20.60% | -13.90% |
| Earnings Yield | -7.46% | -15.85% | -9.98% | -5.34% | -19.98% | -3.84% |
| FCF Yield | -0.39% | -6.58% | -10.29% | 0.90% | -16.38% | -3.83% |
| Buyback Yield / Dilution | 1.40% | 4.77% | 0.76% | -2.62% | -161.74% | -769.05% |