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SMRTSmartRent, Inc.
$1.07$206M
Overview & Verdict
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SMRT logoSmartRent, Inc.(SMRT)Earnings, Financials & Key Ratios

SMRT•NYSE
$1.07
Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryVertical industry SaaS applications
AboutSmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. Its solution is designed to provide communities with visibility and control their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. SmartRent, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona.Show more
  • Revenue$152M-12.9%
  • EBITDA-$29M+16.5%
  • Net Income-$61M-80.0%
  • EPS (Diluted)-0.32-88.2%
  • Gross Margin32.74%-5.1%
  • EBITDA Margin-19.33%+4.2%
  • Operating Margin-24.74%-3.6%
  • Net Margin-39.76%-106.7%
  • ROE-23.22%-118.1%

SMRT Price & Volume

SmartRent, Inc. (SMRT) stock price & volume — 10-year historical chart

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Persistent Revenue Contraction Challenges Operational Scalability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Healthy
Cash Flow:Burning
Primary Risk:Persistent negative operating margins

Key Thesis Takeaways

  • SmartRent faces a difficult path to profitability as it navigates a 6.4% year-over-year revenue decline and persistent negative operating margins of -13.2% as of 2026Q1.
  • While the company maintains a healthy liquidity position with a current ratio of 3.90, the reliance on hardware-driven growth continues to strain cash flows and erode equity through a $417.7 million retained earnings deficit.
  • Investors should remain cautious until the firm demonstrates a clear ability to scale its software-centric model without the volatility associated with its current capital-intensive infrastructure.

Verdict Logic

the company's inability to achieve positive operating margins, which stood at -13.2% in 2026Q1, combined with a sustained revenue contraction, suggests significant execution risk for long-term investors.

SMRT Growth Metrics

SmartRent, Inc. (SMRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years23.73%
3 Years-3.18%
TTM-9.7%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM62.47%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM61.75%

Return on Capital

10 Years-35.43%
5 Years-16.22%
3 Years-11.38%
Last Year-12.35%

SMRT Recent Earnings

SmartRent, Inc. (SMRT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$37M-0.5%
$37M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$36M+0.0%
$36M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.03+50.0%
$0.06
Rev
$36M-0.3%
$36M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.06-50.0%
$0.04
Rev
$38M-1.0%
$39M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.02vs $0.02+0.0%
$37Mvs $37M-0.5%
Q1 2026Feb 5, 2026
$0.02vs $0.02+0.0%
$36Mvs $36M+0.0%
Q4 2025Nov 5, 2025
$0.03vs $0.06+50.0%
$36Mvs $36M-0.3%
Q3 2025Aug 6, 2025
$0.06vs $0.04-50.0%
$38Mvs $39M-1.0%
Based on last 12 quarters of dataView full earnings history →

Latest SMRT News

Recent stock market news and headlines for SmartRent, Inc. (SMRT)

PRNewsWire·2 days ago
Hexaware and SmartRent Enter Strategic Partnership to Transform to AI-native Customer Operations and Revenue Processes

AI-led support services, bill-to-cash solutions, and an agile lead-to-order process with Salesforce Revenue Cloud Advanced implementation MUMBAI, India and ISELIN, N.J. and LONDON, July 6, 2026 /PRNewswire/ -- Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced a strategic partnership with SmartRent, Inc. (NYSE: SMRT), a leading technology provider for apartment communities and smart operations solutions for the rental housing industry.

Business Wire·2 days ago
SmartRent and Hexaware Forge Partnership to Further Vision 2028 Execution and Operational Excellence

PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced a multi-year strategic partnership with Hexaware Technologies.

Seeking Alpha·Jun 19, 2026
SmartRent: In Bargain Territory Once Again (Rating Downgrade)

SmartRent is rated 'buy' but no longer a 'strong buy' due to mixed turnaround progress and execution risks. Recent quarters show improved gross margins but declining bookings and rising OpEx, challenging the stabilization narrative. Valuation estimate is lowered to a 5x ARR multiple, implying a $1.50+ target per share, reflecting sector and company-specific risks.

GuruFocus·Jun 16, 2026
SmartRent Launches Hardware-Free Virtual Intercom

[url="]SmartRent[/url], Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for th

Business Wire·Jun 16, 2026
SmartRent Launches Hardware-Free Virtual Intercom

PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced the launch of Virtual Intercom, a reenvisioned, browser-based entry management system.

Peers Comparison

Key metrics vs top competitors for SmartRent, Inc. (SMRT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SMRT logoSMRTSmartRent, Inc.Current
$1.07$206.34M-3.34-12.9%-39.76%-23.22%—
ARLO logoARLOArlo Technologies, Inc.
$13.17$1.43B94.073.6%5.47%22.92%—
OPEN logoOPENOpendoor Technologies Inc.
$4.79$3.67B-2.82-15.18%-35.25%-163.25%—
REZI logoREZIResideo Technologies, Inc.
$32.43$4.91B-8.6010.52%-6.5%-17.64%—
APPF logoAPPFAppFolio, Inc.
$179.42$6.46B46.2419.72%15.27%30.9%—
RHP logoRHPRyman Hospitality Properties, Inc.
$127.27$8.03B33.7610.15%9.93%23.77%—

Compare SMRT vs Peers

SmartRent, Inc. (SMRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARLO

Most directly comparable listed peer for SMRT.

Scale Benchmark

vs GOOG

Larger-name benchmark to compare SMRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARLO, OPEN, REZI, APPF

SMRT SEC Filings & Documents

SmartRent, Inc. (SMRT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 5, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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SMRT Frequently Asked Questions

SmartRent, Inc. (SMRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is SmartRent, Inc.'s revenue?

SmartRent, Inc. (SMRT) reported $149.7M in revenue for fiscal year 2025. This represents a 313% increase from $36.2M in 2019.

How fast is SmartRent, Inc. growing?

SmartRent, Inc. (SMRT) saw revenue decline by 12.9% over the past year.

Is SMRT profitable?

SmartRent, Inc. (SMRT) reported a net loss of $24.8M for fiscal year 2025.

Dividend & Returns
What is SMRT's return on equity?

SmartRent, Inc. (SMRT) has a return on equity (ROE) of -23.2%. Negative ROE indicates the company is unprofitable.

What is SmartRent, Inc.'s free cash flow?

SmartRent, Inc. (SMRT) had negative free cash flow of $16.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SMRT back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →