SmartRent, Inc. (SMRT)
SmartRent, Inc., an enterprise real estate technology company, provides management software and applications to rental property owners and operators, property managers, homebuilders, developers, and residents in the United States and internationally. Its smart building hardware and cloud-based software-as-a-service solutions are designed to enhance visibility and control their real estate assets while providing all-in-one home control offerings for residents. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, rental units, community and resident Wi-Fi, asset protection and monitoring, and self-guided tours. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Phoenix, Arizona.
- Symbol
- SMRT
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Software - Application
- Market cap
- $228.02M
- 52 week range
- 0.9 - 2.2
Valuation
- Share price
- $1.16 (close of 2026-09-23)
- P/E (TTM)
- -11.90x
- Price to book
- 1.01x
- Price to free cash flow
- -216.75x
- Enterprise value
- $140.58M
- Book value per share
- $1.17
Price performance
| Period | Change |
|---|
| 1 day | 0.00% |
| 5 days | 0.00% |
| 1 month | -18.88% |
| 3 months | +2.65% |
| 6 months | -27.95% |
| Year to date | -42.57% |
| 1 year | -27.50% |
| 3 years | -56.39% |
| 5 years | -91.35% |
| All time | -90.33% |
Profitability and growth
- Return on equity
- -26.09%
- Return on invested capital
- -47.96%
- Return on assets
- -18.87%
- Return on capital employed
- -24.52%
- Gross margin
- 32.74%
- Net margin
- -39.76%
- EBITDA margin
- -36.47%
- Revenue growth
- -12.90%
- Net income growth
- -80.00%
- Free cash flow growth
- 27.54%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -0.46%
- Current ratio
- 3.80x
- Net debt to EBITDA
- 2.63x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $152.33M
- Cost of revenue
- $102.46M
- Gross profit
- $49.87M
- EBITDA
- $-55.55M
- Net income
- $-60.56M
- Earnings per share
- $-0.32
- Research and development
- $26.22M
- Interest expense
- $378.00K
- Shares outstanding
- 189.68M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $152.33M | $49.87M | $-60.56M | $-0.32 |
| 2024-12-31 | $174.88M | $60.34M | $-33.64M | $-0.17 |
| 2023-12-31 | $236.84M | $49.53M | $-34.59M | $-0.17 |
| 2022-12-31 | $167.82M | $1.35M | $-96.32M | $-0.49 |
| 2021-12-31 | $110.64M | $-10.07M | $-71.96M | $-0.96 |
| 2020-12-31 | $52.53M | $-4.30M | $-37.11M | $-4.32 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 32.74% | -39.76% | -26.09% | -47.96% |
| 2024-12-31 | 34.50% | -19.24% | -11.62% | -27.13% |
| 2023-12-31 | 20.91% | -14.60% | -10.10% | -33.49% |
| 2022-12-31 | 0.80% | -57.40% | -26.45% | -62.50% |
| 2021-12-31 | -9.10% | -65.04% | -16.01% | -327.76% |
| 2020-12-31 | -8.18% | -70.64% | 47.42% | - |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $104.55M |
| 2024-12-31 | $142.48M |
| 2023-12-31 | $215.21M |
| 2022-12-31 | $210.41M |
| 2021-12-31 | $430.84M |
| 2020-12-31 | $38.62M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-25.13M | $8.78M |
| 2024-12-31 | $-34.68M | $12.07M |
| 2023-12-31 | $5.83M | $13.16M |
| 2022-12-31 | $-78.95M | $12.90M |
| 2021-12-31 | $-71.85M | $7.32M |
| 2020-12-31 | $-28.79M | $1.05M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-06 | - | - |
| 2026-03-04 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-03-05 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- smartrent.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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