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SmartRent (SMRT) Financials

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$1.16 +0.01 (+0.43%)
Closing price 07/2/2026 03:59 PM Eastern
Extended Trading
$1.15 -0.01 (-0.43%)
As of 07/2/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for SmartRent

Annual Income Statements for SmartRent

This table shows SmartRent's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -37 -72 -96 -35 -34 -61
Consolidated Net Income / (Loss)		 -37 -72 -96 -35 -34 -61
Net Income / (Loss) Continuing Operations		 -37 -72 -96 -35 -34 -61
Total Pre-Tax Income 		-37 -72 -102 -35 -33 -61
Total Operating Income		 -36 -72 -104 -43 -42 -64
Total Gross Profit		 -4.30 -10 1.35 50 60 50
Total Revenue		 53 111 168 237 175 152
Operating Revenue		 53 111 168 237 175 152
Total Cost of Revenue		 57 121 166 187 115 102
Operating Cost of Revenue		 57 121 166 187 115 102
Total Operating Expenses		 31 62 106 93 102 114
Selling, General & Admin Expense		 17 26 55 45 54 43
Marketing Expense		 5.43 14 21 19 18 19
Research & Development Expense		 9.41 22 29 29 29 26
Impairment Charge		 - - - 0.00 0.00 25
Total Other Income / (Expense), net		 -1.24 -0.19 0.60 8.46 8.40 3.46
Interest Expense		 0.56 0.25 -1.95 0.40 0.40 0.38
Interest & Investment Income		 - - - 8.98 8.64 4.30
Other Income / (Expense), net		 -0.69 0.06 - -0.12 0.15 -0.46
Income Tax Expense		 0.15 0.12 -5.39 -0.11 0.27 0.04
Basic Earnings per Share		 ($4.32) ($0.96) ($0.49) ($0.17) ($0.17) ($0.32)
Weighted Average Basic Shares Outstanding		 8.60M 74.72M 195.58M 200.70M 199.18M 189.68M
Diluted Earnings per Share		 ($4.32) ($0.96) ($0.49) ($0.17) ($0.17) ($0.32)
Weighted Average Diluted Shares Outstanding		 8.60M 74.72M 195.58M 200.70M 199.18M 189.68M
Weighted Average Basic & Diluted Shares Outstanding		 8.60M 74.72M 199.25M 203.87M 192.70M 192.22M

Quarterly Income Statements for SmartRent

This table shows SmartRent's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.72 -3.30 -7.69 -4.61 -9.92 -11 -40 -11 -6.27 -3.24 -4.45
Consolidated Net Income / (Loss)		 -7.72 -3.30 -7.69 -4.61 -9.92 -11 -40 -11 -6.27 -3.24 -4.45
Net Income / (Loss) Continuing Operations		 -7.72 -3.30 -7.69 -4.61 -9.92 -11 -40 -11 -6.27 -3.24 -4.45
Total Pre-Tax Income 		-7.76 -3.39 -7.65 -4.54 -9.91 -11 -40 -11 -6.21 -3.33 -4.41
Total Operating Income		 -9.95 -5.83 -10 -6.92 -12 -13 -41 -12 -7.03 -3.98 -5.09
Total Gross Profit		 14 17 19 17 13 10 14 13 9.57 14 15
Total Revenue		 58 60 50 49 41 35 41 38 36 36 39
Operating Revenue		 58 60 50 49 41 35 41 38 36 36 39
Total Cost of Revenue		 45 43 31 31 27 25 28 26 27 22 24
Operating Cost of Revenue		 45 43 31 31 27 25 28 26 27 22 24
Total Operating Expenses		 23 23 30 24 25 23 55 24 17 18 20
Selling, General & Admin Expense		 11 11 17 12 14 11 17 12 6.09 8.74 9.62
Marketing Expense		 4.64 4.58 4.55 4.72 4.44 4.73 4.77 6.38 4.35 3.95 4.45
Research & Development Expense		 7.57 7.47 8.36 7.48 6.60 6.93 8.26 6.47 6.15 5.35 6.15
Impairment Charge		 - - 0.00 0.00 0.00 - 25 0.00 0.00 - 0.00
Total Other Income / (Expense), net		 2.19 2.45 2.51 2.38 1.83 1.67 1.21 0.79 0.81 0.64 0.69
Interest Expense		 -2.23 6.46 -2.41 -2.29 -2.02 -1.52 0.10 -1.01 -0.89 3.48 0.10
Interest & Investment Income		 - - - - - - 1.30 - - - 0.86
Other Income / (Expense), net		 -0.04 -0.07 0.10 0.09 -0.19 0.15 0.01 -0.22 -0.08 -0.18 -0.08
Income Tax Expense		 -0.03 -0.09 0.05 0.07 0.02 0.14 0.11 -0.03 0.06 -0.09 0.04
Basic Earnings per Share		 ($0.04) ($0.01) ($0.04) ($0.02) ($0.05) ($0.06) ($0.21) ($0.06) ($0.03) ($0.02) ($0.02)
Weighted Average Basic Shares Outstanding		 201.58M 200.70M 203.49M 201.99M 198.73M 199.18M 192.42M 188.76M 188.38M 189.68M 191.65M
Diluted Earnings per Share		 ($0.04) ($0.01) ($0.04) ($0.02) ($0.05) ($0.06) ($0.21) ($0.06) ($0.03) ($0.02) ($0.02)
Weighted Average Diluted Shares Outstanding		 201.58M 200.70M 203.49M 201.99M 198.73M 199.18M 192.42M 188.76M 188.38M 189.68M 191.65M
Weighted Average Basic & Diluted Shares Outstanding		 203.15M 203.87M 201.83M 202.39M 192.57M 192.70M 188.18M 188.07M 189.20M 192.22M 192.84M

Annual Cash Flow Statements for SmartRent

This table details how cash moves in and out of SmartRent's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 17 394 -215 -2.00 -73 -38
Net Cash From Operating Activities		 -28 -70 -78 5.98 -33 -22
Net Cash From Continuing Operating Activities		 -28 -70 -78 5.98 -33 -22
Net Income / (Loss) Continuing Operations		 -37 -72 -96 -35 -34 -61
Consolidated Net Income / (Loss)		 -37 -72 -96 -35 -34 -61
Depreciation Expense		 0.30 0.46 4.26 5.53 6.50 8.43
Non-Cash Adjustments To Reconcile Net Income		 11 18 25 22 23 37
Changes in Operating Assets and Liabilities, net		 -2.64 -16 -11 13 -28 -6.83
Net Cash From Investing Activities		 -2.68 -9.37 -134 -6.02 -7.60 -8.63
Net Cash From Continuing Investing Activities		 -2.68 -9.37 -134 -6.02 -7.60 -8.63
Purchase of Property, Plant & Equipment		 -0.30 -1.47 -1.11 -0.15 -1.77 -3.55
Purchase of Investments		 - - 0.00 -2.25 0.00 0.00
Other Investing Activities, net		 0.00 -2.00 -3.20 -3.63 -5.83 -5.07
Net Cash From Financing Activities		 48 474 -2.80 -1.91 -33 -7.44
Net Cash From Continuing Financing Activities		 48 474 -2.80 -1.91 -33 -7.44
Repurchase of Common Equity		 - - 0.00 0.00 -29 -4.89
Other Financing Activities, net		 -4.33 444 -2.80 -1.91 -4.40 -2.56
Effect of Exchange Rate Changes		 0.14 -0.19 -0.26 -0.06 0.25 -0.29
Cash Interest Paid		 0.46 0.25 0.15 0.10 0.26 0.20
Cash Income Taxes Paid		 0.08 0.01 0.20 0.08 0.24 0.40

Quarterly Cash Flow Statements for SmartRent

This table details how cash moves in and out of SmartRent's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 14 4.22 -11 -17 -24 -21 -17 -21 -5.02 4.53 -5.73
Net Cash From Operating Activities		 14 7.35 -3.34 -14 -3.68 -12 -12 -15 -2.13 7.66 -4.54
Net Cash From Continuing Operating Activities		 14 7.35 -3.34 -14 -3.68 -12 -12 -15 -2.13 7.66 -4.54
Net Income / (Loss) Continuing Operations		 -7.72 -3.30 -7.69 -4.61 -9.92 -11 -40 -11 -6.27 -3.24 -4.45
Consolidated Net Income / (Loss)		 -7.72 -3.30 -7.69 -4.61 -9.92 -11 -40 -11 -6.27 -3.24 -4.45
Depreciation Expense		 1.40 1.54 1.50 1.59 1.64 1.77 1.94 2.07 2.20 2.22 2.22
Non-Cash Adjustments To Reconcile Net Income		 5.47 7.22 9.59 5.77 7.66 -0.37 29 2.75 5.18 0.83 2.57
Changes in Operating Assets and Liabilities, net		 15 1.89 -6.74 -17 -3.07 -1.99 -2.56 -8.89 -3.24 7.86 -4.89
Net Cash From Investing Activities		 -0.99 -2.71 -0.96 -1.04 -3.03 -2.57 -3.47 -2.38 -1.09 -1.68 -1.09
Net Cash From Continuing Investing Activities		 -0.99 -2.71 -0.96 -1.04 -3.03 -2.57 -3.47 -2.38 -1.09 -1.68 -1.09
Purchase of Property, Plant & Equipment		 -0.07 -0.03 -0.03 -0.24 -0.25 -1.24 -2.18 -1.28 -0.09 -0.00 -0.03
Acquisitions		 - - 0.00 - - - 0.00 - - - 0.00
Purchase of Investments		 - - 0.00 - - - 0.00 - - - 0.00
Other Investing Activities, net		 -0.92 -0.43 -0.92 -0.80 -2.78 -1.33 -1.29 -1.10 -1.00 -1.68 -1.06
Net Cash From Financing Activities		 0.78 -0.41 -6.46 -2.38 -17 -6.71 -1.51 -3.76 -1.73 -0.45 0.39
Net Cash From Continuing Financing Activities		 0.78 -0.41 -6.46 -2.38 -17 -6.71 -1.51 -3.76 -1.73 -0.45 0.39
Repurchase of Common Equity		 - - -4.37 -2.01 -17 -5.10 -1.20 -3.72 - 0.03 0.00
Other Financing Activities, net		 0.78 -0.41 -2.09 -0.37 -0.33 -1.61 -0.30 -0.05 -1.73 -0.48 0.39
Effect of Exchange Rate Changes		 -0.08 -0.02 -0.01 0.03 0.09 0.13 0.26 0.52 -0.07 -1.00 -0.49
Cash Interest Paid		 0.00 0.04 0.07 0.06 0.05 0.08 0.07 0.06 0.00 0.08 0.07
Cash Income Taxes Paid		 0.01 - 0.01 0.16 - 0.07 0.13 0.17 0.04 0.06 0.04

Annual Balance Sheets for SmartRent

This table presents SmartRent's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 104 580 561 510 420 321
Total Current Assets		 88 536 378 340 258 188
Cash & Equivalents		 39 431 210 215 142 105
Restricted Cash		 - 1.27 7.06 0.50 0.00 0.00
Accounts Receivable		 21 45 62 62 59 47
Inventories, net		 18 33 76 42 35 27
Prepaid Expenses		 3.84 17 9.18 9.36 12 6.19
Other Current Assets		 6.78 7.84 14 12 8.73 3.07
Plant, Property, & Equipment, net		 0.85 1.87 2.07 1.40 2.45 5.12
Total Noncurrent Assets		 15 42 180 168 160 128
Goodwill		 4.16 13 117 117 117 92
Intangible Assets		 - 3.59 31 27 23 20
Other Noncurrent Operating Assets		 11 26 32 23 19 16
Total Liabilities & Shareholders' Equity		 104 580 561 510 420 321
Total Liabilities		 71 130 197 167 131 89
Total Current Liabilities		 33 71 133 117 71 60
Short-Term Debt		 1.65 0.00 0.00 0.00 0.00 0.00
Accounts Payable		 2.28 6.15 18 15 8.72 13
Accrued Expenses		 9.56 22 34 25 27 14
Current Deferred Revenue		 19 42 80 77 35 33
Total Noncurrent Liabilities		 38 60 64 50 60 29
Long-Term Debt		 3.17 0.00 0.00 0.00 0.00 0.00
Noncurrent Deferred Revenue		 34 53 60 46 53 23
Other Noncurrent Operating Liabilities		 0.52 6.20 3.94 4.10 7.12 5.80
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 111 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -78 450 364 342 289 232
Total Preferred & Common Equity		 -78 450 364 342 289 232
Total Common Equity		 -78 450 364 342 289 232
Common Stock		 4.16 604 615 628 637 645
Retained Earnings		 -83 -155 -251 -286 -348 -413
Accumulated Other Comprehensive Income / (Loss)		 0.24 0.01 -0.18 -0.22 -0.10 0.36

Quarterly Balance Sheets for SmartRent

This table presents SmartRent's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 516 485 475 449 366 354 336 300
Total Current Assets		 344 319 314 285 228 218 201 169
Cash & Equivalents		 211 205 187 163 126 105 100 99
Restricted Cash		 0.25 0.25 0.25 0.25 0.00 0.00 0.00 0.00
Accounts Receivable		 64 58 65 63 50 59 52 37
Inventories, net		 48 31 34 36 33 33 28 24
Prepaid Expenses		 9.57 14 15 12 12 15 17 6.74
Other Current Assets		 12 12 11 10 7.11 5.78 4.36 1.86
Plant, Property, & Equipment, net		 1.59 1.31 1.32 1.36 5.31 5.58 5.38 4.86
Total Noncurrent Assets		 170 165 160 162 133 131 129 127
Goodwill		 117 117 117 117 92 92 92 92
Intangible Assets		 28 26 25 24 22 21 20 19
Other Noncurrent Operating Assets		 24 21 18 21 18 17 16 16
Total Liabilities & Shareholders' Equity		 516 485 475 449 366 354 336 300
Total Liabilities		 172 152 146 143 115 115 101 70
Total Current Liabilities		 124 107 100 86 76 80 73 43
Short-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable		 9.02 7.70 6.45 9.54 12 12 11 8.55
Accrued Expenses		 21 21 27 27 25 31 26 9.25
Current Deferred Revenue		 93 78 67 50 39 38 36 25
Total Noncurrent Liabilities		 49 45 46 57 40 35 29 27
Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncurrent Deferred Revenue		 44 41 45 50 33 29 23 21
Other Noncurrent Operating Liabilities		 4.60 3.89 0.96 7.37 6.82 6.51 6.20 5.48
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 343 333 329 305 251 239 234 231
Total Preferred & Common Equity		 343 333 329 305 251 239 234 231
Total Common Equity		 343 333 329 305 251 239 234 231
Common Stock		 626 631 634 636 640 642 644 649
Retained Earnings		 -282 -298 -304 -331 -389 -404 -410 -418
Accumulated Other Comprehensive Income / (Loss)		 -0.27 -0.21 -0.22 0.05 -0.01 0.63 0.62 -0.10

Annual Metrics And Ratios for SmartRent

This table displays calculated financial ratios and metrics derived from SmartRent's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 193,864,107.00 198,348,473.00 203,154,953.00 - 189,200,722.00
DEI Adjusted Shares Outstanding		 0.00 193,864,107.00 198,348,473.00 203,154,953.00 - 189,200,722.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.37 -0.49 -0.17 - -0.32
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 110.60% 51.69% 41.13% -26.16% -12.90%
EBITDA Growth		 0.00% -97.02% -40.59% 62.25% 6.94% -59.46%
EBIT Growth		 0.00% -96.69% -45.61% 58.49% 3.83% -54.83%
NOPAT Growth		 0.00% -100.62% -45.50% 58.60% 3.21% -53.16%
Net Income Growth		 0.00% -93.92% -33.85% 64.09% 2.73% -80.00%
EPS Growth		 0.00% 77.78% 48.96% 65.31% 0.00% -88.24%
Operating Cash Flow Growth		 0.00% -147.02% -10.60% 107.68% -650.29% 34.45%
Free Cash Flow Firm Growth		 0.00% 0.00% -196.80% 94.95% -384.07% 48.60%
Invested Capital Growth		 0.00% 2,923.54% 743.64% -13.63% 15.95% -13.18%
Revenue Q/Q Growth		 0.00% 0.00% 3.63% 9.07% -12.46% 0.73%
EBITDA Q/Q Growth		 0.00% 0.00% 4.14% 30.41% -23.51% 14.00%
EBIT Q/Q Growth		 0.00% 0.00% 2.88% 27.41% -19.91% 11.85%
NOPAT Q/Q Growth		 0.00% 0.00% 3.37% 27.58% -20.57% 12.31%
Net Income Q/Q Growth		 0.00% 0.00% 4.53% 34.34% -31.83% 11.90%
EPS Q/Q Growth		 0.00% 0.00% -110.14% 37.04% -41.67% 11.11%
Operating Cash Flow Q/Q Growth		 0.00% -152.03% 27.94% 3,204.42% -142.88% 47.69%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -16.40% -46.59% 42.19%
Invested Capital Q/Q Growth		 0.00% 0.00% -11.04% -3.99% 3.86% -5.06%
Profitability Metrics		 - - - - - -
Gross Margin		 -8.18% -9.10% 0.80% 20.91% 34.50% 32.74%
EBITDA Margin		 -68.71% -64.28% -59.58% -15.94% -20.08% -36.77%
Operating Margin		 -67.99% -64.76% -62.12% -18.22% -23.89% -42.00%
EBIT Margin		 -69.29% -64.71% -62.12% -18.27% -23.80% -42.30%
Profit (Net Income) Margin		 -70.64% -65.04% -57.40% -14.60% -19.24% -39.76%
Tax Burden Percent		 100.40% 100.16% 94.70% 99.69% 100.80% 100.07%
Interest Burden Percent		 101.54% 100.35% 97.56% 80.17% 80.20% 93.92%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -597.92% -88.93% -22.09% -21.37% -32.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -588.56% -81.74% -20.07% -18.91% -19.85%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 568.10% 65.25% 12.31% 10.72% 9.40%
Return on Equity (ROE)		 -111.83% -29.82% -23.68% -9.79% -10.65% -23.22%
Cash Return on Invested Capital (CROIC)		 0.00% -391.91% -246.54% -7.47% -36.14% -18.52%
Operating Return on Assets (OROA)		 -35.05% -20.95% -18.28% -8.08% -8.95% -17.39%
Return on Assets (ROA)		 -35.73% -21.06% -16.89% -6.46% -7.24% -16.34%
Return on Common Equity (ROCE)		 263.73% -22.93% -23.68% -9.79% -10.65% -23.22%
Return on Equity Simple (ROE_SIMPLE)		 47.42% -16.01% -26.45% 0.00% -11.62% 0.00%
Net Operating Profit after Tax (NOPAT)		 -25 -50 -73 -30 -29 -45
NOPAT Margin		 -47.59% -45.33% -43.48% -12.76% -16.72% -29.40%
Net Nonoperating Expense Percent (NNEP)		 -35.82% -9.36% -7.19% -2.02% -2.46% -12.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - -20.04% -8.82% -10.10% -19.29%
Cost of Revenue to Revenue		 108.18% 109.10% 99.20% 79.09% 65.50% 67.26%
SG&A Expenses to Revenue		 31.57% 23.49% 32.95% 18.86% 31.05% 28.39%
R&D to Revenue		 17.90% 19.50% 17.53% 12.16% 16.79% 17.22%
Operating Expenses to Revenue		 59.81% 55.66% 62.92% 39.14% 58.39% 74.74%
Earnings before Interest and Taxes (EBIT)		 -36 -72 -104 -43 -42 -64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -36 -71 -100 -38 -35 -56
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 4.17 1.32 1.89 1.16 1.65
Price to Tangible Book Value (P/TBV)		 0.00 4.33 2.23 3.27 2.26 3.18
Price to Revenue (P/Rev)		 5.71 16.96 2.87 2.74 1.93 2.51
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 83.05 1.80 3.41 1.32 2.18
Enterprise Value to Revenue (EV/Rev)		 7.19 13.06 1.58 1.83 1.11 1.82
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 72.29 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.15 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.10 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.02 -0.97 -0.80 -0.61 -0.57 -0.47
Leverage Ratio		 3.13 1.42 1.40 1.52 1.47 1.42
Compound Leverage Factor		 3.18 1.42 1.37 1.21 1.18 1.33
Debt to Total Capital		 12.68% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 4.34% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.34% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 293.23% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -205.91% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.13 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.94 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.09 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.19 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 1.35 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.13 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.42 9.02 1.06 2.25 1.01 1.07
Noncontrolling Interest Sharing Ratio		 335.82% 23.09% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 2.67 7.60 2.85 2.90 3.63 3.13
Quick Ratio		 1.81 6.75 2.06 2.36 2.84 2.53
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -68 -202 -10 -49 -25
Operating Cash Flow to CapEx		 -9,560.40% -4,784.23% -6,993.08% 4,068.71% -1,862.65% -607.23%
Free Cash Flow to Firm to Interest Expense		 0.00 -273.76 0.00 -25.73 0.00 -67.25
Operating Cash Flow to Interest Expense		 -50.97 -282.63 0.00 15.07 0.00 -57.08
Operating Cash Flow Less CapEx to Interest Expense		 -51.50 -288.54 0.00 14.70 0.00 -66.48
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.51 0.32 0.29 0.44 0.38 0.41
Accounts Receivable Turnover		 2.53 3.34 3.11 3.81 2.89 2.86
Inventory Turnover		 3.22 4.75 3.06 3.19 2.98 3.31
Fixed Asset Turnover		 62.02 81.32 85.12 136.55 90.83 40.23
Accounts Payable Turnover		 24.98 28.66 13.58 11.20 9.63 9.43
Days Sales Outstanding (DSO)		 144.43 109.32 117.37 95.82 126.48 127.84
Days Inventory Outstanding (DIO)		 113.22 76.86 119.42 114.29 122.42 110.31
Days Payable Outstanding (DPO)		 14.61 12.74 26.87 32.58 37.91 38.70
Cash Conversion Cycle (CCC)		 243.03 173.44 209.92 177.53 210.99 199.45
Capital & Investment Metrics		 - - - - - -
Invested Capital		 -0.62 17 147 127 147 128
Invested Capital Turnover		 -85.28 13.19 2.05 1.73 1.28 1.11
Increase / (Decrease) in Invested Capital		 0.00 18 129 -20 20 -19
Enterprise Value (EV)		 378 1,444 265 432 195 278
Market Capitalization		 300 1,877 482 648 337 382
Book Value per Share		 ($9.10) $2.32 $1.84 $1.69 $1.50 $1.23
Tangible Book Value per Share		 ($9.59) $2.23 $1.09 $0.97 $0.77 $0.64
Total Capital		 38 450 364 342 289 232
Total Debt		 4.82 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 3.17 0.00 0.00 0.00 0.00 0.00
Net Debt		 -34 -432 -217 -216 -142 -105
Capital Expenditures (CapEx)		 0.30 1.47 1.11 0.15 1.77 3.55
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 18 33 28 7.32 44 23
Debt-free Net Working Capital (DFNWC)		 56 465 246 223 187 128
Net Working Capital (NWC)		 55 465 246 223 187 128
Net Nonoperating Expense (NNE)		 12 22 23 4.38 4.40 16
Net Nonoperating Obligations (NNO)		 -34 -432 -217 -216 -142 -105
Total Depreciation and Amortization (D&A)		 0.30 0.48 4.26 5.53 6.50 8.43
Debt-free, Cash-free Net Working Capital to Revenue		 34.00% 30.13% 16.75% 3.09% 25.24% 15.30%
Debt-free Net Working Capital to Revenue		 107.51% 420.69% 146.33% 94.17% 106.71% 83.94%
Net Working Capital to Revenue		 104.36% 420.69% 146.33% 94.17% 106.71% 83.94%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.96) ($0.49) ($0.17) ($0.17) ($0.32)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 194.07M 195.58M 200.70M 199.18M 189.68M
Adjusted Diluted Earnings per Share		 $0.00 ($0.96) ($0.49) ($0.17) ($0.17) ($0.32)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 194.07M 195.58M 200.70M 199.18M 189.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.96) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 74.72M 199.25M 203.87M 192.70M 192.22M
Normalized Net Operating Profit after Tax (NOPAT)		 -25 -50 -73 -30 -29 -27
Normalized NOPAT Margin		 -47.59% -45.33% -43.48% -12.76% -16.72% -17.94%
Pre Tax Income Margin		 -70.35% -64.94% -60.61% -14.65% -19.08% -39.73%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -65.12 -287.54 0.00 -109.01 0.00 -170.47
NOPAT to Interest Expense		 -44.72 -201.43 0.00 -76.10 0.00 -118.47
EBIT Less CapEx to Interest Expense		 -65.65 -293.45 0.00 -109.38 0.00 -179.87
NOPAT Less CapEx to Interest Expense		 -45.26 -207.34 0.00 -76.47 0.00 -127.87
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -84.91% -8.07%

Quarterly Metrics And Ratios for SmartRent

This table displays calculated financial ratios and metrics derived from SmartRent's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 200,234,702.00 203,154,953.00 203,868,885.00 201,828,020.00 202,393,507.00 - 192,701,270.00 188,178,506.00 188,070,618.00 189,200,722.00 192,223,771.00
DEI Adjusted Shares Outstanding		 200,234,702.00 203,154,953.00 203,868,885.00 201,828,020.00 202,393,507.00 - 192,701,270.00 188,178,506.00 188,070,618.00 189,200,722.00 192,223,771.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.04 -0.02 -0.04 -0.02 -0.05 - -0.21 -0.06 -0.03 -0.02 -0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 22.32% 48.59% -22.42% -9.15% -30.28% -41.30% -18.11% -21.04% -10.63% 3.12% -6.44%
EBITDA Growth		 65.81% 79.12% 38.82% 51.48% -19.62% -153.35% -359.77% -87.70% 52.30% 82.51% 92.51%
EBIT Growth		 62.13% 73.50% 34.01% 43.79% -19.37% -117.06% -310.46% -74.38% 40.41% 67.59% 87.48%
NOPAT Growth		 62.70% 73.82% 33.58% 42.77% -18.00% -122.23% -306.43% -68.91% 40.13% 69.32% 87.66%
Net Income Growth		 70.24% 84.57% 41.79% 55.50% -28.49% -246.15% -422.41% -135.83% 36.81% 71.60% 88.93%
EPS Growth		 69.23% 90.91% 42.86% 60.00% -25.00% -500.00% -425.00% -200.00% 40.00% 66.67% 90.48%
Operating Cash Flow Growth		 132.15% 374.92% 67.57% -157.27% -125.73% -263.54% -264.67% -7.59% 42.10% 163.73% 62.67%
Free Cash Flow Firm Growth		 114.42% 110.98% 189.99% 120.86% -168.14% -284.03% -270.10% -108.23% 112.33% 156.62% 59.94%
Invested Capital Growth		 -19.97% -13.63% -14.82% -5.53% 7.19% 15.95% -2.40% -5.57% -5.02% -13.18% 5.42%
Revenue Q/Q Growth		 8.80% 3.70% -16.21% -3.90% -16.51% -12.69% 16.90% -7.34% -5.50% 0.75% 6.06%
EBITDA Q/Q Growth		 20.46% 49.27% -96.22% 38.73% -96.11% -7.45% -256.08% 74.99% 50.16% 60.60% -52.48%
EBIT Q/Q Growth		 17.76% 40.92% -70.38% 32.11% -74.66% -7.44% -222.19% 71.16% 40.32% 41.56% -24.49%
NOPAT Q/Q Growth		 17.71% 41.38% -74.22% 31.90% -69.66% -10.40% -218.64% 71.70% 39.86% 43.43% -28.15%
Net Income Q/Q Growth		 25.37% 57.27% -133.09% 40.13% -115.48% -15.12% -251.78% 72.97% 42.27% 48.26% -37.11%
EPS Q/Q Growth		 20.00% 75.00% -300.00% 50.00% -150.00% -20.00% -250.00% 71.43% 50.00% 33.33% 0.00%
Operating Cash Flow Q/Q Growth		 365.44% -48.69% -145.42% -315.85% 73.45% -226.14% -1.28% -22.69% 85.71% 458.98% -159.33%
Free Cash Flow Firm Q/Q Growth		 257.36% -38.75% -4.57% -77.32% -613.93% -65.43% 11.79% 98.90% 869.70% 659.89% -162.41%
Invested Capital Q/Q Growth		 -11.99% -3.99% 1.10% 10.58% -0.15% 3.86% -14.89% 6.98% 0.44% -5.06% 3.34%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.29% 28.21% 38.47% 35.67% 33.22% 28.71% 32.80% 33.07% 26.43% 38.58% 39.09%
EBITDA Margin		 -14.79% -7.24% -16.94% -10.80% -25.38% -31.23% -95.14% -25.68% -13.55% -5.30% -7.62%
Operating Margin		 -17.12% -9.68% -20.12% -14.26% -28.97% -36.64% -99.87% -30.50% -19.41% -10.90% -13.17%
EBIT Margin		 -17.19% -9.80% -19.92% -14.07% -29.43% -36.22% -99.84% -31.08% -19.63% -11.38% -13.36%
Profit (Net Income) Margin		 -13.29% -5.48% -15.24% -9.49% -24.50% -32.30% -97.19% -28.35% -17.32% -8.89% -11.50%
Tax Burden Percent		 99.57% 97.46% 100.59% 101.50% 100.18% 101.20% 100.27% 99.70% 100.90% 97.30% 100.91%
Interest Burden Percent		 77.65% 57.37% 76.04% 66.46% 83.07% 88.10% 97.09% 91.50% 87.46% 80.30% 85.28%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -17.53% -11.73% -22.47% -14.88% -29.63% -32.78% -91.52% -24.11% -14.90% -8.47% -10.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 -17.17% -12.09% -22.19% -15.00% -28.72% -31.46% -84.69% -22.28% -13.87% -8.09% -9.95%
Return on Net Nonoperating Assets (RNNOA)		 10.14% 7.41% 13.20% 8.53% 16.60% 17.83% 47.96% 11.48% 6.78% 3.83% 4.64%
Return on Equity (ROE)		 -7.39% -4.32% -9.27% -6.34% -13.02% -14.94% -43.56% -12.63% -8.12% -4.63% -6.10%
Cash Return on Invested Capital (CROIC)		 -5.91% -7.47% -3.10% -10.09% -24.67% -36.14% -37.88% -33.74% -31.88% -18.52% -20.42%
Operating Return on Assets (OROA)		 -7.00% -4.33% -8.66% -6.14% -12.20% -13.62% -38.86% -11.66% -7.57% -4.68% -6.00%
Return on Assets (ROA)		 -5.41% -2.42% -6.63% -4.14% -10.15% -12.15% -37.84% -10.63% -6.68% -3.66% -5.17%
Return on Common Equity (ROCE)		 -7.39% -4.32% -9.27% -6.34% -13.02% -14.94% -43.56% -12.63% -8.12% -4.63% -6.10%
Return on Equity Simple (ROE_SIMPLE)		 -15.35% 0.00% -8.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.96 -4.08 -7.11 -4.84 -8.22 -9.07 -29 -8.18 -4.92 -2.78 -3.57
NOPAT Margin		 -11.98% -6.77% -14.08% -9.98% -20.28% -25.65% -69.91% -21.35% -13.59% -7.63% -9.22%
Net Nonoperating Expense Percent (NNEP)		 -0.36% 0.36% -0.28% 0.12% -0.91% -1.31% -6.83% -1.83% -1.02% -0.37% -0.79%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.19% -2.14% -1.47% -2.69% -3.13% -11.53% -3.42% -2.10% -1.20% -1.55%
Cost of Revenue to Revenue		 76.71% 71.79% 61.53% 64.33% 66.78% 71.29% 67.20% 66.93% 73.57% 61.42% 60.91%
SG&A Expenses to Revenue		 19.39% 17.90% 33.01% 24.78% 34.94% 32.38% 40.86% 30.05% 16.83% 23.97% 24.88%
R&D to Revenue		 13.03% 12.39% 16.56% 15.43% 16.28% 19.59% 19.97% 16.88% 16.99% 14.67% 15.89%
Operating Expenses to Revenue		 40.41% 37.89% 58.59% 49.93% 62.19% 65.34% 132.67% 63.57% 45.84% 49.48% 52.26%
Earnings before Interest and Taxes (EBIT)		 -9.99 -5.90 -10 -6.83 -12 -13 -41 -12 -7.11 -4.15 -5.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.59 -4.36 -8.56 -5.24 -10 -11 -39 -9.84 -4.90 -1.93 -2.95
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.52 1.89 1.64 1.46 1.15 1.16 0.93 0.78 1.13 1.65 1.25
Price to Tangible Book Value (P/TBV)		 2.64 3.27 2.88 2.58 2.14 2.26 1.72 1.49 2.18 3.18 2.41
Price to Revenue (P/Rev)		 2.41 2.74 2.46 2.22 1.75 1.93 1.41 1.20 1.75 2.51 1.93
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.36 3.41 2.66 2.08 1.32 1.32 0.86 0.61 1.23 2.18 1.44
Enterprise Value to Revenue (EV/Rev)		 1.43 1.83 1.54 1.36 0.93 1.11 0.65 0.52 1.09 1.82 1.27
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 1,720.25 72.29 26.40 66.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.59 -0.61 -0.59 -0.57 -0.58 -0.57 -0.57 -0.52 -0.49 -0.47 -0.47
Leverage Ratio		 1.47 1.52 1.49 1.47 1.49 1.47 1.46 1.46 1.45 1.42 1.38
Compound Leverage Factor		 1.14 0.87 1.13 0.98 1.24 1.30 1.42 1.34 1.27 1.14 1.18
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.92 2.49 2.21 2.04 1.32 1.24 0.30 0.17 0.70 1.69 1.48
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.78 2.90 2.99 3.13 3.31 3.63 3.00 2.72 2.77 3.13 3.95
Quick Ratio		 2.22 2.36 2.46 2.52 2.63 2.84 2.31 2.04 2.10 2.53 3.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 26 16 15 3.44 -18 -29 -26 -0.28 2.18 17 -10
Operating Cash Flow to CapEx		 21,370.15% 23,700.00% -9,814.71% -5,758.09% -1,479.52% -966.61% -558.21% -1,164.59% -2,370.00% 765,700.00% -15,143.33%
Free Cash Flow to Firm to Interest Expense		 0.00 2.46 0.00 0.00 0.00 0.00 -250.81 0.00 0.00 4.76 -104.53
Operating Cash Flow to Interest Expense		 0.00 1.14 0.00 0.00 0.00 0.00 -118.15 0.00 0.00 2.20 -45.89
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.13 0.00 0.00 0.00 0.00 -139.31 0.00 0.00 2.20 -46.19
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.41 0.44 0.44 0.44 0.41 0.38 0.39 0.38 0.39 0.41 0.45
Accounts Receivable Turnover		 3.40 3.81 3.79 3.47 3.16 2.89 3.07 2.51 2.63 2.86 3.46
Inventory Turnover		 3.32 3.19 3.32 3.16 3.18 2.98 3.47 3.12 3.29 3.31 3.41
Fixed Asset Turnover		 121.64 136.55 137.87 142.81 135.62 90.83 50.08 45.07 44.91 40.23 29.44
Accounts Payable Turnover		 24.93 11.20 16.73 23.54 14.29 9.63 11.24 11.67 10.35 9.43 9.52
Days Sales Outstanding (DSO)		 107.27 95.82 96.21 105.16 115.62 126.48 118.87 145.26 139.04 127.84 105.61
Days Inventory Outstanding (DIO)		 109.87 114.29 109.84 115.41 114.89 122.42 105.12 117.03 111.01 110.31 106.98
Days Payable Outstanding (DPO)		 14.64 32.58 21.82 15.51 25.54 37.91 32.46 31.28 35.27 38.70 38.34
Cash Conversion Cycle (CCC)		 202.50 177.53 184.24 205.07 204.97 210.99 191.53 231.01 214.78 199.45 174.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 132 127 128 142 141 147 125 134 134 128 132
Invested Capital Turnover		 1.46 1.73 1.60 1.49 1.46 1.28 1.31 1.13 1.10 1.11 1.17
Increase / (Decrease) in Invested Capital		 -33 -20 -22 -8.29 9.49 20 -3.07 -7.90 -7.10 -19 6.78
Enterprise Value (EV)		 311 432 341 295 186 195 108 81 165 278 190
Market Capitalization		 523 648 546 482 350 337 233 186 265 382 288
Book Value per Share		 $1.71 $1.69 $1.63 $1.63 $1.51 $1.50 $1.30 $1.27 $1.25 $1.23 $1.20
Tangible Book Value per Share		 $0.99 $0.97 $0.93 $0.93 $0.81 $0.77 $0.71 $0.66 $0.65 $0.64 $0.62
Total Capital		 343 342 333 329 305 289 251 239 234 232 231
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -211 -216 -205 -188 -164 -142 -126 -105 -100 -105 -99
Capital Expenditures (CapEx)		 0.07 0.03 0.03 0.24 0.25 1.24 2.18 1.28 0.09 0.00 0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 9.26 7.32 7.54 26 35 44 26 32 29 23 27
Debt-free Net Working Capital (DFNWC)		 221 223 212 214 199 187 152 137 129 128 126
Net Working Capital (NWC)		 221 223 212 214 199 187 152 137 129 128 126
Net Nonoperating Expense (NNE)		 0.76 -0.78 0.58 -0.24 1.71 2.35 11 2.68 1.35 0.46 0.88
Net Nonoperating Obligations (NNO)		 -211 -216 -205 -188 -164 -142 -126 -105 -100 -105 -99
Total Depreciation and Amortization (D&A)		 1.40 1.54 1.50 1.59 1.64 1.77 1.94 2.07 2.20 2.22 2.22
Debt-free, Cash-free Net Working Capital to Revenue		 4.26% 3.09% 3.39% 11.88% 17.70% 25.24% 15.92% 20.86% 19.06% 15.30% 18.06%
Debt-free Net Working Capital to Revenue		 101.55% 94.17% 95.61% 98.22% 99.62% 106.71% 91.70% 88.40% 85.20% 83.94% 84.09%
Net Working Capital to Revenue		 101.55% 94.17% 95.61% 98.22% 99.62% 106.71% 91.70% 88.40% 85.20% 83.94% 84.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.04) ($0.01) ($0.04) ($0.02) ($0.05) ($0.06) ($0.21) ($0.06) ($0.03) ($0.02) ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 201.58M 200.70M 203.49M 201.99M 198.73M 199.18M 192.42M 188.76M 188.38M 189.68M 191.65M
Adjusted Diluted Earnings per Share		 ($0.04) ($0.01) ($0.04) ($0.02) ($0.05) ($0.06) ($0.21) ($0.06) ($0.03) ($0.02) ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 201.58M 200.70M 203.49M 201.99M 198.73M 199.18M 192.42M 188.76M 188.38M 189.68M 191.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 203.15M 203.87M 201.83M 202.39M 192.57M 192.70M 188.18M 188.07M 189.20M 192.22M 192.84M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.96 -4.08 -7.11 -4.84 -8.22 -9.07 -11 -8.18 -4.92 -2.78 -3.57
Normalized NOPAT Margin		 -11.98% -6.77% -14.08% -9.98% -20.28% -25.65% -27.70% -21.35% -13.59% -7.63% -9.22%
Pre Tax Income Margin		 -13.35% -5.62% -15.15% -9.35% -24.45% -31.91% -96.93% -28.44% -17.16% -9.14% -11.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 -0.91 0.00 0.00 0.00 0.00 -400.74 0.00 0.00 -1.19 -52.21
NOPAT to Interest Expense		 0.00 -0.63 0.00 0.00 0.00 0.00 -280.60 0.00 0.00 -0.80 -36.02
EBIT Less CapEx to Interest Expense		 0.00 -0.92 0.00 0.00 0.00 0.00 -421.90 0.00 0.00 -1.19 -52.52
NOPAT Less CapEx to Interest Expense		 0.00 -0.64 0.00 0.00 0.00 0.00 -301.77 0.00 0.00 -0.80 -36.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -15.05% -27.36% -91.94% -84.91% -38.40% -37.44% -14.58% -8.07% -14.85%

Financials Breakdown Chart

Key Financial Trends

SmartRent’s latest quarter shows a mixed but still challenged picture: revenue grew modestly year over year in Q1 2026, but the company remained deeply unprofitable and burned cash from operations. The balance sheet still carries a large cash position, which gives SmartRent some breathing room, but the trend in operating performance remains the main concern for investors.

  • Q1 2026 revenue increased to $38.7 million from $36.5 million in Q4 2025, showing modest top-line growth.
  • Gross profit rose to $15.1 million in Q1 2026 from $14.1 million in Q4 2025, indicating some improvement in core product economics.
  • The company finished Q1 2026 with $98.8 million in cash and equivalents, which provides a meaningful liquidity cushion.
  • SmartRent has no short-term debt and no long-term debt, reducing balance sheet leverage risk.
  • Operating cash flow was positive in Q4 2025 at $7.7 million, showing the business can still generate cash in stronger quarters.
  • Revenue has been relatively stable over the last several quarters, generally hovering in the $36 million to $41 million range per quarter.
  • Deferred revenue remains a significant part of the liability base, suggesting the company still has contracted future revenue to work with.
  • Depreciation and other non-cash items continue to make up a meaningful portion of quarterly cash flow, so reported losses do not translate one-for-one into cash burn.
  • Q1 2026 net loss widened to $4.4 million from $3.2 million in Q4 2025.
  • Q1 2026 operating cash flow was negative $4.5 million, reversing the positive cash generation seen in Q4 2025.
  • For the first quarter of 2026, operating expenses remained heavy at $20.2 million, keeping operating income deeply negative.
  • Year over year, Q1 2026 revenue declined from $41.3 million in Q1 2025, showing the business has not yet returned to sustained growth.
  • The company’s quarterly cash balance has fallen sharply from $125.6 million in Q1 2025 to $98.8 million in Q1 2026, reflecting ongoing cash usage.
  • SmartRent has posted losses in each of the last several quarters, and cumulative retained earnings remain deeply negative, underscoring a long-running profitability problem.

Bottom line: SmartRent still has a decent cash cushion and no debt, but the core story remains weak profitability and inconsistent cash generation. Investors will want to see sustained revenue growth, lower operating expenses, and a return to positive operating cash flow before the turnaround looks convincing.

07/04/26 03:00 AM ETAI Generated. May Contain Errors.

SmartRent Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SmartRent's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SmartRent's net income appears to be on a downward trend, with a most recent value of -$60.56 million in 2025, rising from -$37.11 million in 2020. The previous period was -$33.64 million in 2024. See SmartRent's forecast for analyst expectations on what's next for the company.

SmartRent's total operating income in 2025 was -$63.98 million, based on the following breakdown:
  • Total Gross Profit: $49.87 million
  • Total Operating Expenses: $113.85 million

Over the last 5 years, SmartRent's total revenue changed from $52.53 million in 2020 to $152.33 million in 2025, a change of 190.0%.

SmartRent's total liabilities were at $88.79 million at the end of 2025, a 32.1% decrease from 2024, and a 25.6% increase since 2020.

In the past 5 years, SmartRent's cash and equivalents has ranged from $38.62 million in 2020 to $430.84 million in 2021, and is currently $104.55 million as of their latest financial filing in 2025.

Over the last 5 years, SmartRent's book value per share changed from -9.10 in 2020 to 1.23 in 2025, a change of -113.5%.


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Financial statements for NYSE:SMRT last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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