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SmartRent(NYSE) SMRT

Market Cap$237.60MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-89%
5 Year-90%
1 Year-16%
1 Month+7%
Premium Feature
Moneyball Superscore
47/100
$1.25
+0.40%
+0.00Today
After hours$1.25+$0.01 (+0.40%)
SmartRent last closing stock price
MetricPriceDate
Last closeUSD 1.242026-10-23
SmartRent stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+8.77%USD 1.142026-10-16
1 month+6.9%USD 1.162026-09-23
3 month+30.87%USD 0.952026-07-24
Year to date-38.61%USD 2.022025-12-31
1 year-15.65%USD 1.472025-10-23
3 year-48.76%USD 2.422023-10-24
5 year-89.82%USD 12.182021-10-22
Since inception-88.83%USD 11.102021-02-05

SmartRent Financials at a Glance

Market Cap

$237.60MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$151.20M

Net Income (TTM)

-$19.60M

EPS (TTM)

-$0.10

P/E Ratio

-12.05

Dividend

$0.00

Beta (Volatility)

1.58 (High)

Price

$1.25

Volume

2

Open

$1.22

Previous Close

$1.24

Daily Range

$1.20 - $1.26

52-Week Range

$0.91 - $2.20

Estimated Earnings Date

Nov 4, 2026

SMRT News

Foolcom-Featured.png

SmartRent (SMRT) Q2 Revenue Falls 21%

Motley Fool Markets TeamAug 6, 2025
smart home

Why SmartRent Stock Plunged Today

Jeremy BowmanAug 12, 2022
GettyImages-1320080505

1 Real Estate Stock That Can Beat a Recession

Jeremy BowmanMay 18, 2022
smart home

Why This Smart-Home Company Is Seeing Sales Double Year Over Year

Jeremy BowmanNov 18, 2021

SMRT: Motley Fool Moneyball Superscore

47

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About SmartRent

SmartRent, Inc. NYSE:SMRT helps property owners manage buildings with smart technology. It connects devices like locks and thermostats to one central app. This system makes life easier for both managers and residents.

A Suite of Connected Tools

  • Smart Apartments: Hardware and software for managing individual rental units; generated $33.3 million in revenue for the three months ended June 30, 2026.
  • Smart Operations: Digital tools for managing property work orders and leasing; generated $2.3 million in revenue during the three-month period ended June 30, 2026.
  • Hosted Services: Subscription fees for using the cloud platform and property monitoring; generated $17.6 million in revenue for the three months ended June 30, 2026.
  • Professional Services: Installation, training, and technical support for smart home systems; brought in $8.6 million in revenue during the second quarter of 2026.

The Roadmap to 2028

  • Introduced Vision 2028 in the first quarter of 2026 to focus on growing the unit footprint and improving profitability.
  • Expanded software features with Answer Automation and Work Management solutions to help property managers automate daily tasks.
  • Authorized a new stock repurchase program for $25 million in July 2026 to buy back shares of common stock.
  • Reduced the backlog for access control hardware by making improvements to the global supply chain throughout 2025 and 2026.

What Makes the Platform Unique

The company utilizes an open-architecture approach that allows property managers to integrate many different third-party smart home devices into one interface. Its technology is currently used in approximately 14% of the institutionally owned multifamily and single-family rental market in the United States.

The Latest Financial Figures

  • Total revenue was $39.8 million for the three months ended June 30, 2026, up 4% year over year.
  • Annual Recurring Revenue reached $64.5 million as of June 30, 2026, compared to $56.9 million on June 30, 2025.
  • Net loss was $5.6 million for the three-month period ended June 30, 2026, compared to a $10.9 million loss in the same period of 2025.
  • The company held $92.7 million in cash and cash equivalents and had a market capitalization of $228.5 million as of June 30, 2026.

Bottom Line

SmartRent has evolved from a hardware-focused provider into a broader technology platform with a focus on high-margin software subscriptions. Its transition toward recurring revenue and operational automation supports its strategy to reach long-term profitability.

AI Generated • Aug 5, 2026

Industry

Electronic Equipment, Instruments and Components

Sector

Information Technology

Employees

418

CEO

Frank D. Martell

Website

www.smartrent.com

Headquarters

Phoenix, AZ 85054, US

SMRT Financials

Key Financial Metrics (TTM)

Gross Margin

36.36%

Operating Margin

-14.92%

Net Income Margin

-12.96%

Return on Equity

-8.50%

Return on Capital

-15.73%

Return on Assets

-6.67%

Earnings Yield

-8.30%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$237.60MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

191.61M

Volume

2

Avg. Volume

967.06K

Financials (TTM)

Gross Profit

$54.98M

Operating Income

-$22.56M

EBITDA

-$32.37M

Operating Cash Flow

-$706.00K

Capital Expenditure

-$2.41M

Free Cash Flow

-$3.11M

Cash & ST Invst.

$92.66M

Total Debt

$5.23M

SmartRent Performance Analysis

SmartRent annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 167,821,00051.7%
20232023-12-31USD 236,838,00041.1%
20242024-12-31USD 174,885,000-26.2%
20252025-12-31USD 152,326,000-12.9%
SmartRent sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-5.5%
Q42025-12-310.7%
Q12026-03-316.1%
Q22026-06-303.0%
SmartRent annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.4932.7%
20232023-12-31USD -0.17-65.0%
20242024-12-31USD -0.17-2.0%
20252025-12-31USD -0.3289.0%
SmartRent sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3042.1%
Q42025-12-3148.6%
Q12026-03-31-35.7%
Q22026-06-30-15.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$39.84M

+4.0%

Gross Profit

$16.22M

+28.0%

Gross Margin

40.71%

N/A

Market Cap

$237.60MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$568.42K

N/A

Employees

418

N/A

Net Income

-$5.64M

+48.1%

EBITDA

-$3.42M

+61.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$92.66M

-11.8%

Total Debt

$5.23M

-18.5%

Accounts Receivable

$38.11M

-34.9%

Inventory

$21.33M

-36.0%

Long Term Debt

$5.23M

-18.5%

Short Term Debt

$0.00

N/A

Return on Assets

-6.67%

N/A

Return on Invested Capital

-8.99%

N/A

Free Cash Flow

-$1.91M

+89.0%

Operating Cash Flow

-$1.69M

+88.7%

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Questions About SMRT

What is the current price of SmartRent?

SmartRent is trading at $1.24 per share.

What is the 52-week range for SmartRent?

Over the past 52 weeks, SmartRent has traded between $0.91 and $2.20.

How much debt does SmartRent have?

As of the most recent reporting period, SmartRent reported total debt of $5.23M.

How much cash does SmartRent have on hand?

SmartRent reported $92.66M in cash and cash equivalents in its most recent financial results.

What is SmartRent’s dividend yield?

SmartRent does not currently have a dividend yield.

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