NYSE: SMRT
SmartRent, Inc.CIK 0001837014 · SIC 7373 · Computer Integrated Systems Design
Small
Revenue $152M
Assets $289M
as of Nov 9, 2026
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10-Q
Filed Nov 4, 2026
· Period ending Sep 30, 2026
Summary not yet generated.
8-K
Filed Nov 4, 2026
· Period ending Nov 4, 2026
Summary not yet generated.
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10-Q
Filed Aug 5, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Aug 5, 2026
· Period ending Aug 5, 2026
Summary not yet generated.
8-K
Filed May 13, 2026
· Period ending May 12, 2026
Summary not yet generated.
10-K
Filed Mar 4, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Mar 5, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed May 9, 2023
· Period ending Dec 31, 2022
Summary not yet generated.
424B3
Filed Sep 12, 2022
Summary not yet generated.
424B3
Filed Aug 11, 2022
Summary not yet generated.
424B3
Filed Jul 25, 2022
Summary not yet generated.
S-1
Filed Sep 23, 2021
Summary not yet generated.
424B4
Filed Feb 8, 2021
Summary not yet generated.
S-1/A
Filed Feb 1, 2021
Summary not yet generated.
S-1/A
Filed Jan 25, 2021
Summary not yet generated.
S-1
Filed Jan 20, 2021
Summary not yet generated.
Latest financial statements
From 10-Q filed Nov 4, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(in thousands, except per share amounts)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenue | ||||
| Hardware | 18,492 | 11,506 | 47,497 | 45,479 |
| Professional services | 6,469 | 7,035 | 21,138 | 15,255 |
| Hosted services | 16,605 | 17,661 | 51,458 | 55,120 |
| Total revenue | 41,566 | 36,202 | 120,093 | 115,854 |
| Cost of revenue | ||||
| Hardware | 13,642 | 13,836 | 38,132 | 40,664 |
| Professional services | 6,284 | 6,800 | 19,042 | 20,330 |
| Hosted services | 4,531 | 5,997 | 14,469 | 19,061 |
| Total cost of revenue | 24,457 | 26,633 | 71,643 | 80,055 |
| Operating expense | ||||
| Research and development | 5,476 | 6,149 | 17,204 | 20,872 |
| Sales and marketing | 5,689 | 4,354 | 15,360 | 15,499 |
| General and administrative | 10,752 | 6,093 | 32,249 | 34,500 |
| Total operating expense | 21,917 | 16,596 | 64,813 | 70,871 |
| Impairment charge | - | - | - | 24,929 |
| Loss from operations | (4,808) | (7,027) | (16,363) | (60,001) |
| Interest income | 815 | 976 | 2,490 | 3,380 |
| Interest expense | (84) | (85) | (272) | (277) |
| Other expense, net | (15) | (78) | (158) | (285) |
| Loss before income taxes | (4,092) | (6,214) | (14,303) | (57,183) |
| Income tax (benefit) expense | (180) | 56 | (302) | 131 |
| Net loss | (3,912) | (6,270) | (14,001) | (57,314) |
| Other comprehensive loss | ||||
| Foreign currency translation adjustment | (126) | (6) | (206) | 721 |
| Comprehensive loss | (4,038) | (6,276) | (14,207) | (56,593) |
| Net loss per common share | ||||
| Basic and diluted | (0.02) | (0.03) | (0.07) | (0.30) |
| Weighted-average number of shares used in computing net loss per share | ||||
| Basic and diluted | 190,922 | 188,376 | 191,655 | 189,835 |
| See accompanying Notes to Condensed Consolidated Financial Statements. | ||||
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except per share amounts)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | 89,215 | 104,550 |
| Accounts receivable, net | 33,588 | 47,401 |
| Inventory | 20,977 | 26,670 |
| Deferred cost of revenue, current portion | 472 | 3,068 |
| Prepaid expenses and other current assets | 8,979 | 6,189 |
| Total current assets | 153,231 | 187,878 |
| Property and equipment, net | 4,583 | 5,121 |
| Deferred cost of revenue | - | 121 |
| Goodwill | 92,339 | 92,339 |
| Intangible assets, net | 16,596 | 19,501 |
| Other long-term assets | 22,393 | 15,965 |
| Total assets | 289,142 | 320,925 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | 9,015 | 13,012 |
| Accrued expenses and other current liabilities | 16,577 | 14,040 |
| Deferred revenue, current portion | 17,618 | 32,966 |
| Total current liabilities | 43,210 | 60,018 |
| Deferred revenue | 20,452 | 22,968 |
| Other long-term liabilities | 5,050 | 5,800 |
| Total liabilities | 68,712 | 88,786 |
| Commitments and contingencies (Note 11) | ||
| Convertible preferred stock, $0.0001 par value; 50,000 shares authorized as of September 30, 2026 and December 31, 2025; no shares of preferred stock issued and outstanding as of September 30, 2026 and December 31, 2025 | - | - |
| Stockholders' equity | ||
| Class A common stock, $0.0001 par value; 500,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 189,750 and 189,677 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 19 | 19 |
| Additional paid-in capital | 654,364 | 645,051 |
| Accumulated deficit | (434,110) | (413,294) |
| Accumulated other comprehensive loss | 157 | 363 |
| Total stockholders' equity | 220,430 | 232,139 |
| Total liabilities, convertible preferred stock and stockholders' equity | 289,142 | 320,925 |
| See accompanying Notes to Condensed Consolidated Financial Statements. | ||
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | (14,001) | (57,314) |
| Adjustments to reconcile net loss to net cash used by operating activities | ||
| Depreciation and amortization | 6,741 | 6,210 |
| Goodwill impairment | - | 24,929 |
| (Recovery of) provision for warranty expense | (521) | 618 |
| Non-cash lease expense | 339 | 599 |
| Stock-based compensation | 9,455 | 7,081 |
| Change in fair value of earnout related to acquisition | - | (294) |
| Non-cash interest expense | 102 | 104 |
| Provision for excess and obsolete inventory | 951 | 3,852 |
| Provision for (recovery of) expected credit losses | 257 | (328) |
| Change in operating assets and liabilities | ||
| Accounts receivable | 13,477 | 7,861 |
| Inventory | 4,716 | 3,390 |
| Deferred cost of revenue | 2,718 | 7,071 |
| Prepaid expenses and other assets | (7,824) | (4,617) |
| Accounts payable | (3,873) | 1,950 |
| Accrued expenses and other liabilities | 2,878 | (1,131) |
| Deferred revenue | (17,858) | (28,911) |
| Lease liabilities | (915) | (302) |
| Net cash used in operating activities | (3,358) | (29,232) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property and equipment | (482) | (3,552) |
| Capitalized software costs | (4,852) | (3,389) |
| Net cash used in investing activities | (5,334) | (6,941) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Payments for repurchases of Class A common stock | (6,815) | (4,918) |
| Proceeds from options exercise | 911 | - |
| Proceeds from ESPP purchases | 202 | 285 |
| Taxes paid related to net share settlements of stock-based compensation awards | (1,255) | (897) |
| Payment of earnout related to acquisition | - | (1,466) |
| Net cash used in financing activities | (6,957) | (6,996) |
| Effect of exchange rate changes on cash and cash equivalents | 314 | 709 |
| Net decrease in cash and cash equivalents | (15,335) | (42,460) |
| Cash and cash equivalents beginning of period | 104,550 | 142,482 |
| Cash and cash equivalents end of period | 89,215 | 100,022 |
| Reconciliation of cash and cash equivalents to the condensed consolidated balance sheets | ||
| Cash and cash equivalents | 89,215 | 100,022 |
| Total cash and cash equivalents | 89,215 | 100,022 |
| See accompanying Notes to Condensed Consolidated Financial Statements. | ||
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share amounts); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗