SmartRent, Inc. (SMRT)

SmartRent Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	155.53	174.89	236.84	167.82	110.64	52.53
Revenue Growth (YoY)	-28.45%	-26.16%	41.13%	51.69%	110.60%	44.99%
Cost of Revenue	105.69	114.55	187.31	166.47	120.71	56.85
Gross Profit	49.84	60.34	49.53	1.35	-10.07	-4.32
Selling, General & Admin	75.92	73.7	59.68	60.31	39.2	17.91
Research & Development	28.25	29.37	28.81	29.42	21.57	9.41
Operating Expenses	104.17	103.07	88.48	89.73	60.77	27.32
Operating Income	-54.33	-42.73	-38.95	-88.38	-70.84	-31.64
Interest Expense	-	-	-	-	-0.25	-0.56
Interest & Investment Income	5.76	8.24	8.58	1.95	-	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.47
Other Non Operating Income (Expenses)	-0.25	0.15	-0.12	0.6	0.06	-0.22
EBT Excluding Unusual Items	-48.82	-34.34	-30.49	-85.84	-71.03	-32.88
Merger & Restructuring Charges	0.49	-	-2.32	-6.62	-0.81	-4.08
Asset Writedown	-24.93	-	-	-4.44	-	-
Other Unusual Items	1.1	0.96	-1.89	-4.81	-	-
Pretax Income	-72.16	-33.38	-34.7	-101.71	-71.85	-36.96
Income Tax Expense	0.23	0.27	-0.11	-5.39	0.12	0.15
Net Income	-72.39	-33.64	-34.59	-96.32	-71.96	-37.11
Net Income to Common	-72.39	-33.64	-34.59	-96.32	-71.96	-37.11
Shares Outstanding (Basic)	193	199	201	196	75	9
Shares Outstanding (Diluted)	193	199	201	196	75	9
Shares Change (YoY)	-4.68%	-0.76%	2.62%	161.74%	769.05%	833.55%
EPS (Basic)	-0.37	-0.17	-0.17	-0.49	-0.96	-4.32
EPS (Diluted)	-0.37	-0.17	-0.17	-0.49	-0.96	-4.32
Free Cash Flow	-47.75	-34.68	5.83	-78.95	-71.85	-28.79
Free Cash Flow Per Share	-0.25	-0.17	0.03	-0.40	-0.96	-3.35
Gross Margin	32.05%	34.50%	20.91%	0.80%	-9.10%	-8.21%
Operating Margin	-34.93%	-24.43%	-16.45%	-52.66%	-64.03%	-60.22%
Profit Margin	-46.54%	-19.24%	-14.60%	-57.40%	-65.04%	-70.64%
Free Cash Flow Margin	-30.70%	-19.83%	2.46%	-47.04%	-64.94%	-54.80%
EBITDA	-49.58	-38	-34.2	-84.2	-70.38	-31.34
EBITDA Margin	-31.87%	-21.73%	-14.44%	-50.17%	-63.61%	-59.66%
D&A For EBITDA	4.75	4.74	4.76	4.18	0.46	0.3
EBIT	-54.33	-42.73	-38.95	-88.38	-70.84	-31.64
EBIT Margin	-34.93%	-24.43%	-16.45%	-52.66%	-64.03%	-60.22%
Revenue as Reported	155.53	174.89	236.84	167.82	110.64	52.53
Advertising Expenses	-	0.65	0.43	0.29	-	0.66

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q