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Saturday 7 November 2026
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SmartRent, Inc.
SMRT Technology Software Application
SmartRent, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $152.3 million, down 12.9% from fiscal 2024.
- Revenue
- +14.8%
- EPS
- +31.7%
- Free cash flow
- +115.0%
Quarter to September 2026, against a year earlier
1.59
0.02
−1.24%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 53 | 111 | 168 | 237 | 175 | 152 | 157 | +23.7% | 161 | 189 | 202 | +9.9% | |
| Gross margin, % | — | — | — | — | (8.18) | (9.10) | 0.80 | 20.91 | 34.50 | 32.74 | 39.93 | +40.9 pt | ||||||
| EBT | — | — | — | — | (37) | (72) | (102) | (35) | (33) | (61) | (18) | +10.4% | ||||||
| EBT margin, % | — | — | — | — | (70.35) | (64.94) | (60.61) | (14.65) | (19.08) | (39.73) | (11.26) | +30.6 pt | ||||||
| Net income | — | 0 | — | — | (37) | (72) | (96) | (35) | (34) | (61) | (17) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 6.11 | 1.48 | 0.86 | 1.18 | 0.88 | 0.80 | 0.82 | (33.4%) | |||||
| Earnings | — | — | — | — | (4.32) | (0.96) | (0.49) | (0.17) | (0.17) | (0.32) | (0.09) | (40.6%) | ||||||
| Cash flow | — | — | — | — | (3.31) | (0.94) | (0.40) | 0.03 | (0.17) | (0.11) | 0.02 | (49.1%) | ||||||
| Capex | — | — | — | — | (0.03) | (0.02) | (0.02) | (0.02) | (0.04) | (0.05) | (0.04) | +5.6% | ||||||
| Free cash flow | — | — | — | — | (3.35) | (0.96) | (0.42) | 0.01 | (0.20) | (0.16) | (0.01) | (45.6%) | ||||||
| Book value | — | — | — | — | 3.86 | 6.02 | 1.86 | 1.71 | 1.45 | 1.22 | 1.15 | (20.5%) | ||||||
| Shares, m | — | — | — | — | 9 | 75 | 196 | 201 | 199 | 190 | 191 | +85.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 0.00 | 6.54 | 2.86 | 2.60 | 1.99 | 2.52 | 1.93 | 2.8 | ||||||
| P/B | — | — | — | — | 17,437.50 | 1.61 | 1.32 | 1.80 | 1.20 | 1.65 | 1.37 | 2,907.5 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 2.66 | 1.58 | 1.71 | 1.20 | 1.85 | 1.38 | 1.5 | ||||||
| EV/FCF | — | — | — | — | 0.00 | (4.10) | (3.23) | 182.98 | (5.18) | (9.34) | (79.45) | 26.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (28) | (70) | (78) | 6 | (33) | (22) | 4 | (5.4%) | |||||
| Capex | — | — | — | — | 0 | (1) | (4) | (4) | (8) | (9) | (7) | +96.0% | ||||||
| Free cash flow | — | — | — | — | (29) | (72) | (82) | 2 | (41) | (30) | (3) | +1.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 55 | 465 | 246 | 223 | 187 | 128 | 110 | +18.5% | |||||
| Net debt | — | — | — | — | (34) | (432) | (217) | (216) | (142) | (105) | (89) | +25.3% | ||||||
| Shareholders’ equity | — | — | — | — | 33 | 450 | 364 | 342 | 289 | 232 | 220 | +47.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (71.47) | (21.06) | (16.89) | (6.46) | (7.24) | (16.34) | (5.52) | +55.1 pt | |||||
| ROIC | — | — | — | — | 0.00 | (257.47) | (44.40) | (21.28) | (17.77) | (31.34) | (9.69) | (31.3) pt | ||||||
| ROE | — | — | — | — | (19.99) | (38.77) | (23.68) | (9.79) | (10.65) | (23.22) | (7.58) | (3.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 639 | 701 | 526 | 494 | 418 | — | (10.1%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.17 | 0.24 | 0.45 | 0.35 | 0.36 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
SmartRent, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ALIT Alight, Inc. | $345.6M | — (loss-making) | — (loss-making) | −6.19% (below 0%: shrinking) | n/m | −85.71% (below 0%: shrinking) | 27.00% | (12.20%) | Compare |
| YB Yuanbao Inc. - Sponsored ADR | $340.5M | 2.1× | — | +37.38% (above 0%: growing) | +14.26% (above 0%: growing) | — | 92.98% | 32.39% | Compare |
| EGHT 8x8 Inc | $325.0M | 39.7× | 213× | +4.29% (above 0%: growing) | +317.86% (above 0%: growing) | +130.99% (above 0%: growing) | 59.67% | 3.61% | Compare |
| PLTS Platinum Analytics Cayman Limited | $316.1M | — | — | — | — | — | — | — | Compare |
| API Agora, Inc. Sponsored ADR | $315.0M | 46.2× | 29.5× | +17.98% (above 0%: growing) | +89.87% (above 0%: growing) | −94.80% (below 0%: shrinking) | 63.67% | (2.36%) | Compare |
| SMRT SmartRent, Inc. | $308.5M | — (loss-making) | — (loss-making) | +14.82% (above 0%: growing) | n/m | +115.01% (above 0%: growing) | 41.16% | (11.57%) | |
| CMRC Commerce.com, Inc. | $300.0M | — (loss-making) | — (loss-making) | −2.07% (below 0%: shrinking) | n/m | −24.39% (below 0%: shrinking) | 74.06% | (2.14%) | Compare |
| ASUR Asure Software, Inc. | $289.6M | — (loss-making) | — (loss-making) | +10.40% (above 0%: growing) | n/m | +125.46% (above 0%: growing) | 69.57% | 1.29% | Compare |
| XPER Xperi Inc. | $278.5M | — (loss-making) | — (loss-making) | +2.08% (above 0%: growing) | n/m | +112.43% (above 0%: growing) | 68.85% | 1.55% | Compare |
| Median of peers | $315.5M | 39.7× | — | +4.29% | +89.87% | +44.02% | 68.85% | 1.29% |
Pay and ownership Proxy statement filed 1 April 2026
Ownership
Directors and executive officers, together
2.30% of the votes
Entities affiliated with Citigroup Inc.
8.20% of the votes
Entities affiliated with The Vanguard Group
7.30% of the votes
Entities affiliated with RETV
6.50% of the votes
Entities affiliated with Long Pond Capital, LP
5.20% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement