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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›SMRT›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

SmartRent, Inc. (SMRT) financials

Income statement

SmartRent, Inc. (SMRT) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$52.5M$111M$168M$237M$175M$152M
Revenue growth—110.6%51.7%41.1%-26.2%-12.9%
Operating income-$35.7M-$71.7M-$104M-$43.2M-$41.8M-$64.0M
Operating margin-68.0%-64.8%-62.1%-18.2%-23.9%-42.0%
Net income-$37.1M-$72.0M-$96.3M-$34.6M-$33.6M-$60.6M
Net margin-70.6%-65.0%-57.4%-14.6%-19.2%-39.8%
EPS (diluted)-$4.32-$0.96-$0.49-$0.17-$0.17-$0.32

Cash flow

SmartRent, Inc. (SMRT) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$28.5M-$70.4M-$77.8M$5.98M-$32.9M-$21.6M
Capital expenditures$298K$1.47M$1.11M$147K$1.77M$3.55M
Free cash flow-$28.8M-$71.8M-$78.9M$5.83M-$34.7M-$25.1M
Share buybacks————$28.6M$4.89M

Balance sheet

SmartRent, Inc. (SMRT) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$38.6M$431M$210M$215M$142M$105M
Total assets$104M$580M$561M$510M$420M$321M
Total liabilities$70.7M$130M$197M$167M$131M$88.8M
Shareholders' equity-$78.3M$450M$364M$342M$289M$232M
Retained earnings-$82.6M-$155M-$251M-$286M-$348M-$413M
Shares (wtd avg diluted)8.60B74.7M196M201M199M190M

Every figure is extracted from SmartRent, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is SmartRent, Inc.'s annual revenue?
SmartRent, Inc. (SMRT) reported $152M of revenue for fiscal year 2025 — down 12.9% from $175M in FY2024, per its annual report filed with the SEC.
Is SmartRent, Inc. profitable?
Not in FY2025 — SMRT reported a net loss of $60.6M, per SEC filings.
What is SmartRent, Inc.'s free cash flow?
-$25.1M in FY2025 (operating cash flow -$21.6M minus $3.55M of capital expenditures), from the SEC cash-flow statement.
Does SMRT pay a dividend?
SmartRent, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full SMRT analysis — verdict, score & filings →Is SMRT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.