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Financials · SMRT

SmartRent Inc. (SMRT) financials

For the twelve months ended Sep 30, 2026, SmartRent Inc. reported $156.56M of revenue and -$17.25M of net income.

Revenue, TTM
$156.56M
Revenue growth, YoY
+3.5%
Net income, TTM
-$17.25M
Net margin
-11.0%
Free cash flow, TTM
$3.82M
EPS, diluted, TTM
-$0.09
Cash
$89.22M
P/S
2.01
Market cap
$315.1M
Annual revenue$152.33M
FY2020FY2025
Annual net income-$60.56M
FY2020FY2025
Annual free cash flow-$25.13M
FY2020FY2025

SMRT revenue and earnings growth

SMRT revenueQ3 2026$41.57M

Quarter YoY
+14.8%
QoQ
+4.3%
FY YoY
-12.9%
5Y CAGR
+23.7%

SMRT revenue was $41.57M in fiscal Q3 2026 (ended Sep 30, 2026), up 14.8% from a year earlier and up 4.3% from the prior quarter. For the full fiscal 2025 it was $152.33M, down 12.9% from fiscal 2024. Compound annual growth was +23.7% over 5 years. It rose in 3 of the last 5 fiscal years.

SMRT net incomeQ3 2026-$3.91M

SMRT net income was -$3.91M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$6.27M a year earlier. For the full fiscal 2025 it was -$60.56M, compared with -$33.64M in fiscal 2024.

SMRT EPSQ3 2026-$0.02

SMRT diluted EPS was -$0.02 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.03 a year earlier. For the full fiscal 2025 it was -$0.32, compared with -$0.17 in fiscal 2024.

SMRT free cash flowQ3 2026$2.65M

SMRT free cash flow was $2.65M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.22M a year earlier. For the full fiscal 2025 it was -$25.13M, compared with -$34.68M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$152.33M$174.88M$236.84M$167.82M$110.64M$52.53M
Cost of revenue$102.46M$114.55M$187.31M$166.47M$120.71M$56.83M
Gross profit$49.87M$60.34M$49.53M$1.35M-$10.07M-$4.30M
Research and development$26.22M$29.37M$28.80M$29.42M$21.57M$9.41M
Selling, general and admin$43.24M$54.30M$44.67M$55.30M$25.99M$16.58M
Operating income-$63.98M-$41.77M-$43.16M-$104.25M-$71.65M-$35.72M
Pre-tax income-$60.52M-$33.38M-$34.70M-$101.71M-$71.85M-$36.96M
Income tax$41.0K$267.0K-$108.0K-$5.39M$115.0K$149.0K
Net income-$60.56M-$33.64M-$34.59M-$96.32M-$71.96M-$37.11M
EPS, basic-$0.32-$0.17-$0.17-$0.49-$0.96-$4.32
EPS, diluted-$0.32-$0.17-$0.17-$0.49-$0.96-$4.32
Diluted shares189.7M199.2M200.7M195.6M74.7M8,598

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$104.55M$142.48M$215.21M$210.41M$430.84M$38.62M
Receivables$47.40M$59.30M$61.90M$62.44M$45.49M$20.79M
Inventory$26.67M$35.26M$41.58M$75.72M$33.21M$17.63M
Current assets$187.88M$257.65M$340.34M$378.36M$536.01M$87.66M
Goodwill$92.34M$117.27M$117.27M$117.27M$12.67M$4.16M
Total assets$320.93M$420.18M$509.76M$560.85M$579.68M$103.85M
Current liabilities$60.02M$71.03M$117.31M$132.78M$70.57M$32.83M
Short-term debt-----$1.65M
Total liabilities$88.79M$130.74M$167.31M$196.65M$130.18M$70.67M
Shareholders' equity$232.14M$289.44M$342.45M$364.20M$449.50M-$78.25M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$21.57M-$32.91M$5.98M-$77.83M-$70.38M-$28.49M
Capital expenditures$3.55M$1.77M$147.0K$1.11M$1.47M$298.0K
Free cash flow-$25.13M-$34.68M$5.83M-$78.95M-$71.85M-$28.79M
Investing cash flow-$8.63M-$7.60M-$6.02M-$133.99M-$9.37M-$2.68M
Financing cash flow-$7.44M-$32.96M-$1.91M-$2.80M$473.93M$48.22M
Share repurchases$4.89M$28.57M----
Stock-based compensation$8.78M$12.07M$13.16M$12.90M$7.32M$1.05M
Depreciation and amortization$8.43M$6.50M$5.53M$4.26M$463.0K$295.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-12.9%-26.2%41.1%51.7%110.6%-
Gross margin32.7%34.5%20.9%0.8%-9.1%-8.2%
Operating margin-42.0%-23.9%-18.2%-62.1%-64.8%-68.0%
Net margin-39.8%-19.2%-14.6%-57.4%-65.0%-70.6%
Free cash flow margin-16.5%-19.8%2.5%-47.0%-64.9%-54.8%
Return on equity-26.1%-11.6%-10.1%-26.4%-16.0%-
Return on assets-18.9%-8.0%-6.8%-17.2%-12.4%-35.7%
Current ratio3.133.632.902.857.602.67

Source: XBRL data SmartRent Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SMRT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SMRT$156.56M+3.5%-$17.25M-11.0%$315.1M
ADP$22.26B+6.5%$4.53B20.3%$119.24B
INFY$20.16B+4.6%$3.31B16.4%$50.24B
WDAY$10.15B+13.3%$1.25B12.3%$45.84B
ZS$3.35B+25.4%-$63.18M-1.9%$32.45B
CTSH$21.89B+5.0%$2.57B11.8%$28.43B
VRSN$1.73B+6.5%$849.80M49.1%$27.43B
VRSK$3.18B+4.9%$879.20M27.7%$25.73B
IOT$1.85B+29.5%$90.55M4.9%$24.73B

SMRT FAQ

9 questions
  • What is SMRT revenue?
    SmartRent Inc. (SMRT) reported $156.56M of revenue for the twelve months ended Sep 30, 2026. That is up 3.5% from the year before. Revenue for fiscal 2025 was $152.33M.
  • Is SMRT profitable?
    No. SmartRent Inc. reported a net loss of $17.25M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does SMRT have?
    SmartRent Inc. reported $89.22M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SMRT revenue growing?
    SmartRent Inc.'s revenue changed -12.9% in fiscal 2025, to $152.33M. Its compound annual growth rate was +23.7% over 5 years.
  • What is SMRT gross margin?
    SmartRent Inc.'s gross profit was $62.52M on $156.56M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 39.9%.
  • What is SMRT free cash flow?
    SmartRent Inc. generated $3.82M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.30M less capital expenditures.
  • What is SMRT earnings per share?
    Diluted earnings per share were -$0.09 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SMRT last report financial results?
    The latest statements here come from SmartRent Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this SMRT financial data come from?
    Quantisnow builds these statements from the structured XBRL data SmartRent Inc. files with the SEC. It is provided for information only and is not investment advice.