SMRTNYSEServices-Computer Integrated Systems DesignFiscal year ends December 31
SmartRent, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$1.15+0.01 (+0.88%)
Close on Oct 19, 2026
- Market cap
- $221.28M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
32.7%+40.9 pts over 5 years
Operating margin
-42.0%+26.0 pts over 5 years
Net margin
-39.8%+30.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.9% | -3.2% | +23.7% | – | |
| Gross profit | -17.4% | +233.2% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 60.5% | -23.2% | |
| Return on assets | – | – | -16.3% | |
| Current ratio | – | 2.67 | 3.13 | |
| Inventory turnover | – | – | 3.3× | |
| Capex to revenue | – | 0.6% | 2.3% | |
| Diluted shares | – | 0M | 190M |
Where the cash went
Fiscal 2021 to 2025, five years combined
SmartRent generated $208.68M from operations and spent $41.51M on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$208.68M
Used
$41.51M
Capital expenditure$8.05M19%Dividends$00%Share buybacks$33.46M81%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-39.8%
×Asset turnover0.41×
×Equity multiplier1.42×
=Return on equity, FY2025-23.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -39.8% | 0.41× | 1.42× | -23.2% |
| FY2024 | -19.2% | 0.38× | 1.47× | -10.6% |
| FY2023 | -14.6% | 0.44× | 1.52× | -9.8% |
| FY2022 | -57.4% | 0.29× | 1.40× | -23.7% |
| FY2021 | -65.0% | 0.32× | 1.84× | -38.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$60.56M
- Cash generatingOperating cash flow above zero-$21.58M
- Return on assets improvedROA up on the prior year-6.6% → -14.4%
- Earnings backed by cashOperating cash flow above net income-$21.58M vs -$60.56M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.63 → 3.13
- No dilutionShare count did not rise199M → 190M
- Gross margin improvedGross margin up on the prior year34.50% → 32.74%
- More efficientAsset turnover rose0.34 → 0.36