SmartRent, Inc.
SMRTUSSmartRent, Inc. is an enterprise software company that furnishes a unified smart home platform throughout the United States. This system serves a wide array of clients, including residential property management companies and operators, home builders, institutional real estate investors, developers, and the occupants themselves. The company's technology is engineered to grant residential communities improved insight and command over their properties, while simultaneously fostering cost reductions and new revenue streams. For residents, the solution centralizes all home control features into one user-friendly interface. SmartRent's extensive range of products and services includes smart apartments and residences, advanced access control for structures, shared amenities, and individual units, as well as property monitoring and protection. Further offerings extend to parking management, automated self-guided property tours, and dedicated Wi-Fi connectivity for both communities and their inhabitants. Additionally, SmartRent delivers full-suite professional services, covering essential training, efficient installation, and continuous support for its clientele. The company, founded in 2017, is based in Scottsdale, Arizona.
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- Sector
- Application Software
- Sub-sector
- Vertical Applications
- Listing
- SMRT
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 52% | 41% | -26% | -13% | 6% | 24% |
| Revenue | $111M | $168M | $237M | $175M | $152M | $161M | $201M |
| Gross Profit | ($10M) | $1M | $50M | $60M | $50M | — | — |
| Gross Profit Margin | -9.1% | 0.8% | 20.9% | 34.5% | 32.7% | — | — |
| EBITDA | ($71M) | ($97M) | ($29M) | ($29M) | ($48M) | ($59M) | ($74M) |
| EBITDA Margin | -64.3% | -58.1% | -12.3% | -16.7% | -31.8% | -36.8% | -36.8% |
| EBIT | ($72M) | ($104M) | ($43M) | ($42M) | ($64M) | ($64M) | ($80M) |
| Net Income | ($72M) | ($96M) | ($35M) | ($34M) | ($61M) | ($17M) | ($10M) |
| Free Cash Flow | ($72M) | ($81M) | $5M | ($36M) | ($29M) | — | — |
| FCF Margin | -64.9% | -48.5% | 2.0% | -20.6% | -18.7% | — | — |
| Short-Term Debt | $0M | $0M | $0M | $0M | $2M | — | — |
| Long-Term Debt | $0M | $0M | $0M | $0M | $0M | — | — |
| Cash & Cash Equivalents | $431M | $210M | $215M | $142M | $105M | — | — |
| Net Debt | ($431M) | ($210M) | ($215M) | ($142M) | ($103M) | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Rule of 40 | — | 3.2% | 43.1% | -46.7% | -31.6% | — | — |