SmartRent, Inc. (SMRT) — Financial statements
Income statement, balance sheet, and cash flow for SmartRent, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 152↓12.9% | 175↓26.2% | 237↑41.1% | 168↑51.7% | 111 | |
| Cost of Revenue | 102↓10.6% | 115↓38.8% | 187↑12.5% | 166↑37.9% | 121 | |
| Gross Profit | 50↓17.4% | 60↑21.8% | 50↑3574.3% | 1↑113.4% | -10 | |
| Operating Expenses | ||||||
| R&D Expenses | 26↓10.7% | 29↑2.0% | 29↓2.1% | 29↑36.4% | 22 | |
| General & Administrative Expenses | 43↓20.4% | 54↑21.5% | 45↓19.2% | 55↑112.8% | 26 | |
| Selling & Marketing Expenses | 19↑5.4% | 18↓4.0% | 19↓8.0% | 21↑48.9% | 14 | |
| SG&A Expenses | 63↓13.8% | 73↑13.9% | 64↓16.1% | 76↑90.4% | 40 | |
| Other Expenses | -1 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 88↓14.3% | 102↑10.2% | 93↓12.2% | 106↑71.5% | 62 | |
| Total Costs & Expenses | 190↓12.3% | 217↓22.6% | 280↑2.9% | 272↑49.3% | 182 | |
| Operating Results | ||||||
| Operating Income | -38↑9.8% | -42↑3.2% | -43↑58.6% | -104↓45.5% | -72 | |
| Depreciation & Amortization | 8↑26.8% | 6↑17.4% | 6↑29.8% | 4↑820.5% | 0.46 | |
| EBITDA | -29↑16.5% | -35↑6.2% | -38↑62.4% | -100↓40.5% | -71 | |
| EBIT | -38↑9.8% | -42↑3.2% | -43↑58.6% | -104↓45.5% | -72 | |
| Interest & Other Income | ||||||
| Net Interest Income | 4↓52.4% | 8↓3.9% | 9↑340.9% | 2↑881.5% | -0.25 | |
| Interest Income | 4↓47.8% | 8↓3.9% | 9↑340.9% | 2 | 0.00 | |
| Interest Expense | 0.38 | 0.00 | 0.00 | 0.00↓100.0% | 0.25 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -23↓372.0% | 8↓0.8% | 8↑233.1% | 3↑1409.8% | -0.19 | |
| Income Before Tax | -61↓81.3% | -33↑3.8% | -35↑65.9% | -102↓41.6% | -72 | |
| Income Tax Expense | 0.04↓84.6% | 0.27↑347.2% | -0.11↑98.0% | -5↓4785.2% | 0.12 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -61↓80.0% | -34↑2.7% | -35↑64.1% | -96↓33.9% | -72 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -61↓80.0% | -34↑2.7% | -35↑64.1% | -96↓33.9% | -72 | |
| Bottom-Line Net Income | -61↓80.0% | -34↑2.7% | -35↑64.1% | -96↓33.9% | -72 | |
| EPS (Basic) | -0.32↓88.2% | -0.17↑0.0% | -0.17↑65.3% | -0.49↓32.4% | -0.37 | |
| EPS (Diluted) | -0.32↓88.2% | -0.17↑0.0% | -0.17↑65.3% | -0.49↓32.4% | -0.37 | |
| Weighted Average Shares | 190↓4.8% | 199↓0.8% | 201↑2.6% | 196↑0.9% | 194 | |
| Weighted Average Diluted Shares | 190↓4.8% | 199↓0.8% | 201↑2.6% | 196↑0.9% | 194 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.