SMRT · Smartrent, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.68M | - | $36.20M | $38.31M | $41.34M | - | $40.51M | $48.52M | $50.49M | - |
| Cost of Revenue | $23.56M | - | $26.63M | $25.64M | $27.78M | - | $27.05M | $31.21M | $31.07M | - |
| Gross Profit | $15.12M | - | $9.57M | $12.67M | $13.56M | - | $13.46M | $17.30M | $19.42M | - |
| R&D | $6.15M | - | $6.15M | $6.46M | $8.26M | - | $6.60M | $7.48M | $8.36M | - |
| SG&A | $9.62M | - | $6.09M | $11.51M | $16.89M | - | $14.15M | $12.02M | $16.67M | - |
| Total Operating Expenses | $20.21M | - | $16.60M | $24.35M | $29.92M | - | $25.19M | $24.22M | $29.58M | - |
| D&A | $2.22M | - | - | - | $1.94M | - | - | - | $1.50M | - |
| Operating Income | ($5.09M) | - | ($7.03M) | ($11.69M) | ($41.29M) | - | ($11.74M) | ($6.92M) | ($10.16M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $40.0K | - | $56.0K | ($33.0K) | $108.0K | - | $18.0K | $68.0K | $45.0K | - |
| Net Income | ($4.45M) | - | ($6.27M) | ($10.86M) | ($40.18M) | - | ($9.92M) | ($4.61M) | ($7.69M) | - |
| EPS - Basic | ($0.02) | - | ($0.03) | ($0.06) | ($0.21) | - | ($0.05) | ($0.02) | ($0.04) | - |
| EPS - Diluted | ($0.02) | - | ($0.03) | ($0.06) | ($0.21) | - | ($0.05) | ($0.02) | ($0.04) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $98.82M | $104.55M | $100.02M | $105.04M | $125.60M | $142.48M | $163.40M | $187.44M | $204.70M | $215.21M |
| Accounts Receivable | $36.75M | $47.40M | $52.20M | $58.57M | $49.86M | $59.30M | $63.01M | $65.22M | $58.09M | $61.90M |
| Inventory | $24.40M | $26.67M | $28.09M | $33.35M | $33.19M | $35.26M | $35.95M | $34.42M | $30.90M | $41.58M |
| Accounts Payable | $8.55M | $13.01M | $10.81M | $11.66M | $12.09M | $8.72M | $9.54M | $6.45M | $7.70M | $15.08M |
| Current Assets | $168.57M | $187.88M | $201.47M | $217.54M | $227.86M | $257.65M | $284.99M | $313.84M | $319.48M | $340.34M |
| Total Assets | $300.24M | $320.93M | $335.80M | $353.97M | $366.06M | $420.18M | $448.59M | $475.35M | $485.45M | $509.76M |
| Current Liabilities | $42.72M | $60.02M | $72.62M | $80.06M | $75.87M | $71.03M | $85.97M | $100.33M | $106.99M | $117.31M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $69.56M | $88.79M | $101.39M | $115.12M | $115.39M | $130.74M | $143.45M | $145.96M | $152.37M | $167.31M |
| Stockholders' Equity | $230.67M | $232.14M | $234.41M | $238.85M | $250.67M | $289.44M | $305.14M | $329.38M | $333.09M | $342.45M |
| Retained Earnings | ($417.74M) | ($413.29M) | ($410.06M) | ($403.81M) | ($389.23M) | ($347.85M) | ($331.35M) | ($304.21M) | ($297.60M) | ($285.51M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.54M) | - | - | - | ($12.17M) | - | - | - | ($3.34M) | - |
| Investing Cash Flow | ($1.09M) | - | - | - | ($3.47M) | - | - | - | ($956.0K) | - |
| Financing Cash Flow | $393.0K | - | - | - | ($1.50M) | - | - | - | ($6.46M) | - |
| CapEx | $30.0K | - | - | - | $2.18M | - | - | - | $34.0K | - |
| Free Cash Flow | ($4.57M) | - | - | - | ($14.35M) | - | - | - | ($3.37M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.1% | - | 26.4% | 33.1% | 32.8% | - | 33.2% | 35.7% | 38.5% | - |
| Operating margin | -13.2% | - | -19.4% | -30.5% | -99.9% | - | -29.0% | -14.3% | -20.1% | - |
| EBITDA margin | -7.4% | - | - | - | -95.2% | - | - | - | -17.1% | - |
| Net margin | -11.5% | - | -17.3% | -28.3% | -97.2% | - | -24.5% | -9.5% | -15.2% | - |
| Free cash flow margin | -11.8% | - | - | - | -34.7% | - | - | - | -6.7% | - |
| FCF / Net income | 1.03 | - | - | - | 0.36 | - | - | - | 0.44 | - |
| R&D / Revenue | 15.9% | - | 17.0% | 16.9% | 20.0% | - | 16.3% | 15.4% | 16.6% | - |
| SG&A / Revenue | 24.9% | - | 16.8% | 30.1% | 40.9% | - | 34.9% | 24.8% | 33.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.5% | - | -1.9% | -3.1% | -11.0% | - | -2.2% | -1.0% | -1.6% | - |
| Return on equity | -1.9% | - | -2.7% | -4.5% | -16.0% | - | -3.3% | -1.4% | -2.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.95 | 3.13 | 2.77 | 2.72 | 3.00 | 3.63 | 3.31 | 3.13 | 2.99 | 2.90 |
| Quick ratio | 3.38 | 2.69 | 2.39 | 2.30 | 2.57 | 3.13 | 2.90 | 2.78 | 2.70 | 2.55 |
| Cash ratio | 2.31 | 1.74 | 1.38 | 1.31 | 1.66 | 2.01 | 1.90 | 1.87 | 1.91 | 1.83 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.30 | 1.38 | 1.43 | 1.48 | 1.46 | 1.45 | 1.47 | 1.44 | 1.46 | 1.49 |
| Liabilities / Assets | 0.23 | 0.28 | 0.30 | 0.33 | 0.32 | 0.31 | 0.32 | 0.31 | 0.31 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.11 | 0.11 | 0.11 | - | 0.09 | 0.10 | 0.10 | - |
| Inventory turnover | 0.97 | - | 0.95 | 0.77 | 0.84 | - | 0.75 | 0.91 | 1.01 | - |
| Days sales outstanding | 347d | - | 526d | 558d | 440d | - | 568d | 491d | 420d | - |
| Days inventory outstanding | 378d | - | 385d | 475d | 436d | - | 485d | 403d | 363d | - |
| Days payable outstanding | 132d | - | 148d | 166d | 159d | - | 129d | 75d | 90d | - |
| Cash conversion cycle | 592d | - | 763d | 867d | 717d | - | 924d | 818d | 693d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.2x | - | 1.1x | 0.8x | 0.9x | - | 1.1x | 1.5x | 1.6x | - |
| P / S | 7.4x | - | 7.3x | 4.9x | 5.6x | - | 8.5x | 9.9x | 10.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.4% | - | -10.6% | -21.0% | -18.1% | - | -30.3% | -9.1% | -22.4% | - |
| Revenue CAGR (3y) | -15.9% | - | -8.7% | -3.3% | 3.4% | - | 4.9% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 11.5% | - | -28.9% | -26.8% | -30.2% | - | -0.5% | 75.1% | 113.1% | - |
| Operating income growth (YoY) | 87.7% | - | 40.1% | -68.9% | -306.4% | - | -18.0% | 42.8% | 33.6% | - |
| Net income growth (YoY) | 88.9% | - | 36.8% | -135.8% | -422.4% | - | -28.5% | 55.5% | 41.8% | - |
| EPS growth (YoY) | 90.5% | - | 40.0% | -200.0% | -425.0% | - | -25.0% | 60.0% | 42.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 68.1% | - | - | - | -325.7% | - | - | - | 70.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.0% | -19.8% | -23.2% | -27.5% | -24.7% | -15.5% | -11.1% | -5.1% | -6.1% | -6.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$304.65M totalReportable Segment Aggregation Before Other Operating Segment$152.33M · 50.0%
Smart Apartments$127.51M · 41.9%
Smart Operations Solutions$10.66M · 3.5%
Access Control$7.44M · 2.4%
Other Smart Communities Solutions$5.42M · 1.8%
Community Wifi$1.29M · 0.4%
Product / service
$283.52M totalHosted Services$73.22M · 25.8%
Hardware$57.97M · 20.4%
Hardware Service$57.97M · 20.4%
Software As AService$57.82M · 20.4%
Professional Services$21.13M · 7.5%
Deferred Hub Amortization$15.40M · 5.4%
Geographic
$152.33M totalUS$152.16M · 99.9%
Non Us$161.0K · 0.1%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing SmartRent against the 5 most active filers in the same SIC group.