SmartRent (SMRT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SmartRent

NYSE•Technology•Software - Application

$1.330.00(0.00%)Market closed

Market Cap

$230.90M

P/S

1.5x

P/B

1.0x

SmartRent, Inc., an enterprise real estate technology company, provides management software and applications to rental property owners and operators, property managers, homebuilders, developers, and residents in the United States and internationally. Its smart building hardware and cloud-based software-as-a-service solutions are designed to enhance visibility and control their real estate assets while providing 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, community and resident Wi-Fi, asset protection and monitoring, and self-guided tours. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Phoenix, Arizona.

How this company scores

WeakMetricSide Score: 37/100

Grade capped at D — Interest coverage below 1× (-63.4x) — earnings cannot cover interest. Strongest: Profitability (14/25); weakest: Cash & Earnings Quality (5/25).

Profitability14/25

Growth11/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality5/25

Strengths

Long cash runwayProfit converts from growthNet cash positionNo share dilution

Grade capped at D

Interest coverage below 1× (-63.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.5x5y range 1.2x – 4.5x

Currently below its 17-quarter median.

P/B · 1.0x5y range 0.8x – 2.5x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $230.90M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $151.20M
Q. Revenue: $39.84M
TTM EBITDA: $-9.36M
TTM Op. Income: $-22.56M
Q. Op. Income: $-6.46M
TTM Net Income: $-19.60M
Q. Net Income: $-5.64M
EPS: $-0.03
Shares Out.: $192.41M

$151.20M in TTM revenue declined 2.8% YoY, reaching $39.84M last quarter. TTM EBITDA of $-9.36M and TTM operating income of $-22.56M show growth is flowing through to the bottom line. However, net income is negative at $19.60M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 3% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.7%
EBITDA Margin: -10.5%
Op. Margin: -16.2%
Net Margin: -14.2%

Op. margin of -16.2% is up 14.3% YoY — cost efficiency is improving. Net margin at -14.2% and gross margin of 40.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.5x
P/B Ratio: 1.0x

P/S of 1.5x and P/B of 1.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $293.70M
Cash: $92.66M
Long-Term Debt: N/A
Book Value: $225.14M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-1.69M
TTM Free Cash Flow: $-1.05M
FCF Margin: -0.7%
FCF / Net Income: 0.1

TTM FCF of $-1.05M on $-1.69M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.