SmartRent, Inc. (SMRT)

SmartRent Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	152.33	174.89	236.84	167.82	110.64
Revenue Growth (YoY)	-12.90%	-26.16%	41.13%	51.69%	110.60%
Cost of Revenue	102.46	114.55	187.31	166.47	120.71
Gross Profit	49.87	60.34	49.53	1.35	-10.07
Selling, General & Admin	62.69	72.74	63.88	76.18	40.01
Research & Development	26.22	29.37	28.81	29.42	21.57
Other Operating Expenses	24.93	-	-	-	-
Total Operating Expenses	113.85	102.11	92.69	105.6	61.58
Operating Income	-63.98	-41.77	-43.16	-104.25	-71.65
Interest Income	4.3	8.64	8.98	1.95	-0.25
Interest Expense	-0.38	-0.4	-0.4	-	-
Other Non-Operating Income (Expense)	-0.46	0.15	-0.12	0.6	0.06
Total Non-Operating Income (Expense)	3.46	8.4	8.46	2.54	-0.19
Pretax Income	-60.52	-33.38	-34.7	-101.71	-71.85
Provision for Income Taxes	0.04	0.27	-0.11	-5.39	0.12
Net Income	-60.56	-33.64	-34.59	-96.32	-71.96
Net Income to Common	-60.56	-33.64	-34.59	-96.32	-71.96
Shares Outstanding (Basic)	190	199	201	196	75
Shares Outstanding (Diluted)	190	199	201	196	75
Shares Change (YoY)	-4.77%	-0.76%	2.62%	161.74%	769.05%
EPS (Basic)	-0.32	-0.17	-0.17	-0.49	-0.96
EPS (Diluted)	-0.32	-0.17	-0.17	-0.49	-0.96
Free Cash Flow	-25.13	-34.68	5.83	-78.95	-71.85
Free Cash Flow Per Share	-0.13	-0.17	0.03	-0.40	-0.96
Gross Margin	32.74%	34.50%	20.91%	0.80%	-9.10%
Operating Margin	-42.00%	-23.89%	-18.22%	-62.12%	-64.76%
Profit Margin	-39.76%	-19.24%	-14.60%	-57.40%	-65.04%
FCF Margin	-16.50%	-19.83%	2.46%	-47.04%	-64.94%
EBITDA	-55.55	-35.28	-37.63	-99.99	-71.19
EBITDA Margin	-36.47%	-20.17%	-15.89%	-59.58%	-64.34%
EBIT	-63.98	-41.77	-43.16	-104.25	-71.65
EBIT Margin	-42.00%	-23.89%	-18.22%	-62.12%	-64.76%
Effective Tax Rate	-0.07%	-0.80%	0.31%	5.30%	-0.16%

Updated Mar 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q