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SmartRent, Inc. logo

SmartRent, Inc.

SMRT

NYSETechnologySoftware - Application

Open in GoAI

Previous close

$1.43

+$0.08 · +5.93%

Aug 21, 4:00 PM ET

SMRT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

51

Fair Value

Momentum

22

Weakening

Sentiment

59

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

SmartRent, Inc. is an enterprise software company that furnishes a unified smart home platform throughout the United States. This system serves a wide array of clients, including residential property management companies and operators, home builders, institutional real estate investors, developers, and the occupants themselves. The company's technology is engineered to grant residential communities improved insight and command over their properties, while simultaneously fostering cost reductions and new revenue streams. For residents, the solution centralizes all home control features into one user-friendly interface. SmartRent's extensive range of products and services includes smart apartments and residences, advanced access control for structures, shared amenities, and individual units, as well as property monitoring and protection. Further offerings extend to parking management, automated self-guided property tours, and dedicated Wi-Fi connectivity for both communities and their inhabitants. Additionally, SmartRent delivers full-suite professional services, covering essential training, efficient installation, and continuous support for its clientele. The company, founded in 2017, is based in Scottsdale, Arizona.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Frank D. Martell
Listed since
Aug 25, 2021
Employees
418

Market position

Day range

Current $1.43

52-week range

Current $1.43

Open
$1.41
Previous close
$1.35
Volume
1.06M
0.61× average
Average volume
1.75M
Average daily volume
Market cap
275.76M USD
Beta
1.52
Market reference 1
50-day average
$1.1492
+24.44% above average
200-day average
$1.4761
-3.12% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
286.01M USD
P/E (TTM)
-14.24×
P/B (TTM)
1.22×
P/S (TTM)
1.82×
EV / EBITDA
-5.51×
Earnings yield
-15.81%
Free cash flow yield
-7.88%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
36.36%
Operating margin
-14.92%
Net margin
-12.96%
Return on equity
-26.09%
Return on assets
-18.87%
Return on invested capital
-14.35%

Financial health

Debt / equity
0.02×
Current ratio
3.13×
Altman Z-score
0.92
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%5%-35%-75%Gross margin, FY2021: -9.10%Gross margin, FY2022: 0.80%Gross margin, FY2023: 20.91%Gross margin, FY2024: 34.50%Gross margin, FY2025: 32.74%Operating margin, FY2021: -64.76%Operating margin, FY2022: -62.12%Operating margin, FY2023: -18.22%Operating margin, FY2024: -23.89%Operating margin, FY2025: -24.74%Net margin, FY2021: -65.04%Net margin, FY2022: -57.40%Net margin, FY2023: -14.60%Net margin, FY2024: -19.24%Net margin, FY2025: -39.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -9.10%. Gross margin FY2022 0.80%. Gross margin FY2023 20.91%. Gross margin FY2024 34.50%. Gross margin FY2025 32.74%. Operating margin FY2021 -64.76%. Operating margin FY2022 -62.12%. Operating margin FY2023 -18.22%. Operating margin FY2024 -23.89%. Operating margin FY2025 -24.74%. Net margin FY2021 -65.04%. Net margin FY2022 -57.40%. Net margin FY2023 -14.60%. Net margin FY2024 -19.24%. Net margin FY2025 -39.76%.

Income trends

Revenue

152.33M USD-12.90%

Operating income

−37.68M USD+9.80%

Net income

−60.56M USD-80.00%
Income trends across reported periods270.95M USD134.51M USD−1.92M USD−138.36M USDRevenue, FY2021: 110.64M USDRevenue, FY2022: 167.82M USDRevenue, FY2023: 236.84M USDRevenue, FY2024: 174.89M USDRevenue, FY2025: 152.33M USDOperating income, FY2021: −71.65M USDOperating income, FY2022: −104.25M USDOperating income, FY2023: −43.16M USDOperating income, FY2024: −41.77M USDOperating income, FY2025: −37.68M USDNet income, FY2021: −71.96M USDNet income, FY2022: −96.32M USDNet income, FY2023: −34.59M USDNet income, FY2024: −33.64M USDNet income, FY2025: −60.56M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 110.64M USD. Revenue FY2022 167.82M USD. Revenue FY2023 236.84M USD. Revenue FY2024 174.89M USD. Revenue FY2025 152.33M USD. Operating income FY2021 −71.65M USD. Operating income FY2022 −104.25M USD. Operating income FY2023 −43.16M USD. Operating income FY2024 −41.77M USD. Operating income FY2025 −37.68M USD. Net income FY2021 −71.96M USD. Net income FY2022 −96.32M USD. Net income FY2023 −34.59M USD. Net income FY2024 −33.64M USD. Net income FY2025 −60.56M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue152.33M USD174.89M USD236.84M USD167.82M USD110.64M USD
Cost of goods sold102.46M USD114.55M USD187.31M USD166.47M USD120.71M USD
Gross profit49.87M USD60.34M USD49.53M USD1.35M USD−10.07M USD
Research and development26.22M USD29.37M USD28.81M USD29.42M USD21.57M USD
Selling, general, and administrative62.69M USD72.74M USD63.88M USD76.18M USD40.01M USD
Operating expenses87.55M USD102.11M USD92.69M USD105.6M USD61.58M USD
Interest income4.3M USD8.24M USD8.58M USD1.95M USD—
Interest expense378K USD———249K USD
Depreciation and amortization8.24M USD6.5M USD5.53M USD4.26M USD463K USD
Operating income−37.68M USD−41.77M USD−43.16M USD−104.25M USD−71.65M USD
Net income−60.56M USD−33.64M USD−34.59M USD−96.32M USD−71.96M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 7 misses, 3 met estimates
Average EPS surprise
-140.91%
11 comparable reports
Latest EPS result
-0.03
Estimate -0.02 · Miss by 50.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.02-0.09-0.17-0.25Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MetQ2 '26MetQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual -0.06, estimate -0.02, surprise -200.00%, Miss. Q2 2025, reported May 7, 2025: actual -0.21, estimate -0.02, surprise -950.00%, Miss. Q3 2025, reported Aug 6, 2025: actual -0.06, estimate -0.04, surprise -50.00%, Miss. Q4 2025, reported Nov 5, 2025: actual -0.03, estimate -0.06, surprise +50.00%, Beat. Q1 2026, reported Feb 5, 2026: actual -0.02, estimate -0.02, surprise 0.00%, Met estimate. Q2 2026, reported May 6, 2026: actual -0.02, estimate -0.02, surprise 0.00%, Met estimate. Q3 2026, reported Aug 5, 2026: actual -0.03, estimate -0.02, surprise -50.00%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate -0.02, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates43M39.9M36.81M33.71MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MetQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 35.37M USD, estimate 39.08M USD, surprise -9.51%, Miss. Q2 2025, reported May 7, 2025: actual 41.34M USD, estimate 40.1M USD, surprise +3.09%, Beat. Q3 2025, reported Aug 6, 2025: actual 38.31M USD, estimate 38.85M USD, surprise -1.39%, Miss. Q4 2025, reported Nov 5, 2025: actual 36.2M USD, estimate 36.27M USD, surprise -0.20%, Miss. Q1 2026, reported Feb 5, 2026: actual 36.31M USD, estimate 36.31M USD, surprise 0.00%, Met estimate. Q2 2026, reported May 6, 2026: actual 36.63M USD, estimate 39.62M USD, surprise -7.54%, Miss. Q3 2026, reported Aug 5, 2026: actual 38.39M USD, estimate 39.62M USD, surprise -3.12%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 39.89M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$4.00

179.72% upside
Past 12 months12-month forecastHigh $6.00Average $4.00Low $2.00

Rating distribution

15 ratings
Strong buy00%
Buy747%
Hold853%
Sell00%
Strong sell00%

Recent analyst actions

5 institutions
Morgan StanleymaintainEqual Weight

SMRT news

marketbeat.com

SmartRent Q2 Earnings Call Highlights

SmartRent NYSE: SMRT reported second-quarter results marked by accelerating core revenue growth, higher recurring software revenue and expanded margins, as the smart-home technology provider continued to execute its…

Read source
seekingalpha.com

SmartRent, Inc. (SMRT) Q2 2026 Earnings Call Transcript

SmartRent, Inc. (SMRT) Q2 2026 Earnings Call Transcript

Read source
gurufocus.com

SmartRent Reports Second Quarter 2026 Financial Results

SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the market leading provider of innovative technology, data, and workflow solutions for the

Read source
businesswire.com

SmartRent Reports Second Quarter 2026 Financial Results

PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today reported financial results for the three months ended June 30, 2026.

Read source
businesswire.com

SmartRent Selects Databricks Data + AI Platform to Power the Next Generation of Multifamily Property Analytics

PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced a multi-year initiative with Databricks, the data and AI company.

Read source
businesswire.com

SmartRent to Report Second Quarter 2026 Financial Results on August 5, 2026

PHOENIX--(BUSINESS WIRE)--SmartRent, Inc. will release second quarter 2026 results and host a conference call on Wednesday, Aug. 5, 2026.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.32

2016 complete year+10.3% since 2014

Corporate action history

Dividend

Ex-dividend Mar 29, 2017

$0.08

Quarterly

Payment Apr 14, 2017

Dividend

Ex-dividend Dec 28, 2016

$0.08

Quarterly

Payment Jan 13, 2017

Dividend

Ex-dividend Sep 27, 2016

$0.08

Quarterly

Payment Oct 14, 2016

Dividend

Ex-dividend Jun 28, 2016

$0.08

Quarterly

Payment Jul 15, 2016

Dividend

Ex-dividend Mar 30, 2016

$0.08

Quarterly

Payment Apr 15, 2016

Dividend

Ex-dividend Dec 29, 2015

$0.08

Quarterly

Payment Jan 15, 2016

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ETFs holding SMRT

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
6.08M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
4.8M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
4.4M
Weight
0.00%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
2.35M
Weight
0.02%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
2.07M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
1.25M
Weight
0.01%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
973.75K
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
800.1K
Weight
0.05%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%

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