SMRT · NYSE · Software - Application

SmartRent

Connects hardware, cloud software, and services to automate rental-property operations.

$1.34
After-hours close−0.00 (−0.37%)
At close$1.35(−1.10%)
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Profile

SmartRent, Inc.SMRTInformation Technology

Combines connected-property hardware, cloud software, and implementation services for multifamily and single-family rental operators. Its Smart Apartments platform also includes self-guided tours, access control, and SightPlan-derived property-operations tools.

Smart Apartments combines connected-property hardware, cloud software, and implementation and service for rental-property owners and operators. The platform also includes Self-Guided Tours, Access Control, and SightPlan-derived maintenance, resident-engagement, and property-operations tools.

Operations and long-lived assets are principally in the United States, and the company reports one operating segment. The platform serves multifamily and single-family rentals, supporting owners, operators, site teams, and residents.

Execution depends on adoption of its products and services, third-party suppliers, manufacturers and partners, new-business-line execution, macroeconomic conditions, leadership transition, and litigation, as well as the availability of partner-provided components and services.

Company facts

CEOFrank Martell
ListedAug 25, 2021
ExchangeNYSE
HeadquartersPhoenix, AZ
CountryUnited States
Employees418
CIK0001837014
ISINUS83193G1076

Key statistics

Market cap$258.4M
EPS (ttm)−$0.1004
P/E (ttm)−13.35
ROE-8.5%
P/B1.14
P/S1.71
Dividend yield
Beta1.39vs XLK 0.02

Year to date −30.3% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$4.00+198.5%Median of 15 analysts · vs the Aug 28 close
ConsensusHold7 of 15 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

No analyst notes in the last 24 months.

Earnings

EPS

Estimate−$0.02
ReportedDue Nov 4, 2026

Revenue

Estimate$39.9M
ReportedDue Nov 4, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 5, 2026Q2 FY26−$0.02−$0.03−50.0%$39.6M$38.4M−3.1%+23.81%
May 6, 2026Q1 FY26−$0.02−$0.020.0%$36.8M$36.6M−0.5%−2.56%
Feb 5, 2026Q4 FY25−$0.02−$0.020.0%$36.3M$36.3M0.0%+4.17%
Nov 5, 2025Q3 FY25−$0.06−$0.03+50.0%$36.3M$36.2M−0.3%+5.71%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$41.3M$38.3M$36.2M$36.5M$38.7M$39.8M
Gross profit$13.6M$12.7M$9.6M$14.1M$15.1M$16.2M
Operating income−$41.3M−$11.7M−$7.0M−$4.0M−$5.1M−$6.5M
Net income−$40.2M−$10.9M−$6.3M−$3.2M−$4.4M−$5.6M
Diluted EPS−$0.21−$0.06−$0.03−$0.02−$0.02−$0.03
Gross margin32.8%33.1%26.4%38.6%39.1%40.7%
Operating margin-99.9%-30.5%-19.4%-10.9%-13.2%-16.2%

Fiscal years (4-quarter sums)FY21 $110.6M · FY22 $167.8M · FY23 $236.8M · FY24 $174.9M · FY25 $152.3M

Revenue by product · Q2 FY26

Hosted Services$17.6M · 44%
Hardware$13.6M · 34%
Professional Services$8.6M · 22%

Revenue by geography · Q2 FY26

United States$39.8M · 100%
Non-US$62.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $92.7M · Total debt $5.2M · Total assets $293.7M · Shareholders' equity $225.1M

Dividends

No dividends on record.

Ownership

Institutions 64.22%123.83M sharesInsiders 3.71%7.15M sharesOther 32.07%61.85M shares

Shares outstanding 192.84M · Float 176.10M · 91.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Citigroup Inc15.89M8.24%13FMay 11, 2026
BlackRock, Inc.11.36M5.90%13GJul 30, 2026
Oaktree Capital Management LP7.51M3.89%13FMay 20, 2026
Vanguard Capital Management LLC6.97M3.61%13FMay 15, 2026
UBS Group AG6.71M3.48%13FMay 5, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 20, 2026Thomas N. Bohjaliandirector+15,000$1.37
Aug 19, 2026Thomas N. Bohjaliandirector+40,000$1.40
Aug 11, 2026Thomas N. Bohjaliandirector+5,000$1.34
Aug 11, 2026Frank Martelldirector, officer: Chief Executive Officer+100,000$1.42
Aug 11, 2026Ana G. Pinczukdirector+107,000$1.43
View details

Peers

  • Alarm.com

    Rental-property automation, access, and connected-device platform

  • Allegion

    Multifamily electronic locks, mobile credentials, and access software

  • Resideo Technologies

    Connected thermostats, sensors, safety devices, and home security

  • NRG Energy

    Vivint Smart Home connected-home security and recurring services

  • Amazon

    Ring connected-security cameras, sensors, app control, and monitoring

CompareAfter-hours close

CompanyPriceChange
SmartRent$1.34−0.37%$258.4M1.7+0.2%
Alarm.com$57.47−0.03%$2.84B25.419.62.7+9.2%
Allegion$158.87+0.86%$13.39B20.716.83.1+12.7%
Resideo Technologies$19.630.00%$4.27B8.411.00.6+2.0%
NRG Energy$111.50+0.38%$23.44B29.210.70.6+11.0%
Amazon$266.10−0.11%$2.87T21.428.53.7+19.6%
Median21.416.82.7+11.0%