SmartRent Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	151.22	174.89	236.84	167.82	110.64	52.53
Revenue Growth (YoY)	-24.30%	-26.16%	41.13%	51.69%	110.60%	44.99%
Cost of Revenue	105.27	114.55	187.31	166.47	120.71	56.85
Gross Profit	45.95	60.34	49.53	1.35	-10.07	-4.32
Selling, General & Admin	68.06	73.7	59.68	60.31	39.2	17.91
Research & Development	27.8	29.37	28.81	29.42	21.57	9.41
Operating Expenses	95.86	103.07	88.48	89.73	60.77	27.32
Operating Income	-49.91	-42.73	-38.95	-88.38	-70.84	-31.64
Interest Expense	-	-	-	-	-0.25	-0.56
Interest & Investment Income	4.63	8.24	8.58	1.95	-	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.47
Other Non Operating Income (Expenses)	-0.14	0.15	-0.12	0.6	0.06	-0.22
EBT Excluding Unusual Items	-45.42	-34.34	-30.49	-85.84	-71.03	-32.88
Merger & Restructuring Charges	0.48	-	-2.32	-6.62	-0.81	-4.08
Asset Writedown	-	-	-	-4.44	-	-
Other Unusual Items	1.39	0.96	-1.89	-4.81	-	-
Pretax Income	-68.47	-33.38	-34.7	-101.71	-71.85	-36.96
Income Tax Expense	0.27	0.27	-0.11	-5.39	0.12	0.15
Net Income	-68.74	-33.64	-34.59	-96.32	-71.96	-37.11
Net Income to Common	-68.74	-33.64	-34.59	-96.32	-71.96	-37.11
Shares Outstanding (Basic)	191	199	201	196	75	9
Shares Outstanding (Diluted)	191	199	201	196	75	9
Shares Change (YoY)	-5.62%	-0.76%	2.62%	161.74%	769.05%	833.55%
EPS (Basic)	-0.36	-0.17	-0.17	-0.49	-0.96	-4.32
EPS (Diluted)	-0.36	-0.17	-0.17	-0.49	-0.96	-4.32
Free Cash Flow	-46.04	-34.68	5.83	-78.95	-71.85	-28.79
Free Cash Flow Per Share	-0.24	-0.17	0.03	-0.40	-0.96	-3.35
Gross Margin	30.39%	34.50%	20.91%	0.80%	-9.10%	-8.21%
Operating Margin	-33.00%	-24.43%	-16.45%	-52.66%	-64.03%	-60.22%
Profit Margin	-45.45%	-19.24%	-14.60%	-57.40%	-65.04%	-70.64%
Free Cash Flow Margin	-30.45%	-19.83%	2.46%	-47.04%	-64.94%	-54.80%
EBITDA	-45.1	-38	-34.2	-84.2	-70.38	-31.34
EBITDA Margin	-29.82%	-21.73%	-14.44%	-50.17%	-63.61%	-59.66%
D&A For EBITDA	4.81	4.74	4.76	4.18	0.46	0.3
EBIT	-49.91	-42.73	-38.95	-88.38	-70.84	-31.64
EBIT Margin	-33.00%	-24.43%	-16.45%	-52.66%	-64.03%	-60.22%
Revenue as Reported	151.22	174.89	236.84	167.82	110.64	52.53
Advertising Expenses	-	0.65	0.43	0.29	-	0.66

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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