SmartRent, Inc. (SMRT) Financial Statements
Industry: Computer Integrated Systems Design (Services)
In fiscal 2025, SmartRent reported revenue of $152.3M, down 12.9% from $174.9M the year before. Net income was -$60.6M (a -39.8% net margin), or -$0.32 per diluted share. Gross margin was 32.7% and operating margin was -42.0%. Operating activities generated -$21.6M of cash, leaving -$25.1M of free cash flow. At fiscal year end, SmartRent held $320.9M in total assets against $88.8M in total liabilities, including $104.5M of cash and equivalents.
Open the full interactive SmartRent financials → Quarterly statements, key ratios, valuation history and price charts.
SmartRent Key Stats
| Share Price | $1.21 |
|---|---|
| Market Cap | $232.8M |
| Revenue YoY Growth | -12.9% |
| 52-Week Range | $0.95 – $2.12 |
| Shares Outstanding | 192.4 million (basic, 2026 Q2) |
SmartRent Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $110.6M | $167.8M | $236.8M | $174.9M | $152.3M |
| Gross Profit | -$10.1M | $1.3M | $49.5M | $60.3M | $49.9M |
| Operating Income | -$71.7M | -$104.3M | -$43.2M | -$41.8M | -$64.0M |
| Pre-Tax Income | -$71.8M | -$101.7M | -$34.7M | -$33.4M | -$60.5M |
| Income Tax | $115,000 | -$5.4M | -$108,000 | $267,000 | $41,000 |
| Net Income | -$72.0M | -$96.3M | -$34.6M | -$33.6M | -$60.6M |
| Diluted EPS | -$0.96 | -$0.49 | -$0.17 | -$0.17 | -$0.32 |
SmartRent Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $36.2M | $36.5M | $38.7M | $39.8M |
| Net Income | -$6.3M | -$3.2M | -$4.4M | -$5.6M |
| Diluted EPS | -$0.03 | -$0.02 | -$0.02 | -$0.03 |
SmartRent Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $430.8M | $210.4M | $215.2M | $142.5M | $104.5M |
| Current Assets | $536.0M | $378.4M | $340.3M | $257.6M | $187.9M |
| Total Assets | $579.7M | $560.8M | $509.8M | $420.2M | $320.9M |
| Current Liabilities | $70.6M | $132.8M | $117.3M | $71.0M | $60.0M |
| Total Liabilities | $130.2M | $196.6M | $167.3M | $130.7M | $88.8M |
| Shareholders' Equity | $449.5M | $364.2M | $342.4M | $289.4M | $232.1M |
SmartRent Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$70.4M | -$81.0M | $6.0M | -$32.9M | -$21.6M |
| Cash From Investing | -$9.4M | -$130.8M | -$6.0M | -$7.6M | -$8.6M |
| Cash From Financing | $473.9M | -$2.8M | -$1.9M | -$33.0M | -$7.4M |
| Free Cash Flow | -$71.8M | -$82.2M | $5.8M | -$34.7M | -$25.1M |
Figures from SmartRent's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SmartRent financials page for every line item.
SmartRent Company Profile
| Ticker | SMRT |
|---|---|
| Exchange | NYSE |
| Industry | Computer Integrated Systems Design (Services) |
| Headquarters | Phoenix, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, emerging growth company |
| SEC CIK | 0001837014 |
Frequently Asked Questions
What was SmartRent's revenue in fiscal 2025?
SmartRent (SMRT) reported revenue of $152.3M for fiscal 2025.
What is SmartRent's annual revenue history?
SmartRent's annual revenue by fiscal year: 2021: $110.6M; 2022: $167.8M; 2023: $236.8M; 2024: $174.9M; 2025: $152.3M.
What was SmartRent's net income in fiscal 2025?
SmartRent reported net income of -$60.6M for fiscal 2025.
What was SmartRent's earnings per share (EPS) in fiscal 2025?
SmartRent's diluted EPS was -$0.32 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did SmartRent generate in fiscal 2025?
SmartRent generated -$25.1M of free cash flow in fiscal 2025.
What was SmartRent's revenue last quarter?
In its most recent reported quarter (2026 Q2), SmartRent reported revenue of $39.8M.
How many shares of SmartRent are outstanding?
SmartRent reported a weighted average of 192.4 million basic shares outstanding in 2026 Q2.
What is SmartRent's market cap?
Based on its latest closing price, SmartRent (SMRT) has a market capitalization of about $232.8M.
When does SmartRent's fiscal year end?
SmartRent's fiscal year end, as registered with the SEC, is December 31.
Where is SmartRent headquartered?
SmartRent lists its business address in Phoenix, Arizona in its SEC filings.
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