(SMRT) SmartRent - Overview
Stock: Smart Apartments, Access Control, Parking Management, Wi-Fi
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 59.2% |
| Relative Tail Risk | -14.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.65 |
| Alpha | -1.07 |
| Character TTM | |
|---|---|
| Beta | 1.594 |
| Beta Downside | 2.270 |
| Drawdowns 3y | |
|---|---|
| Max DD | 81.91% |
| CAGR/Max DD | -0.16 |
Description: SMRT SmartRent January 01, 2026
SmartRent, Inc. (NYSE: SMRT) is a U.S.–based enterprise-real-estate-technology firm that delivers a cloud-native SaaS platform combined with smart-building hardware to owners, operators, and residents of multifamily properties. Its suite covers unit-level access control, Wi-Fi, asset monitoring, parking management, and self-guided tours, plus professional services for installation, training, and support. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.
According to the company’s most recent earnings release (Q3 2024), SMRT generated $78 million in revenue, representing a year-over-year increase of roughly 42 %. Recurring revenue now exceeds 90 % of total sales, and the annualized recurring revenue (ARR) grew to $310 million, while net dollar retention stood at 115 %-indicating strong upsell and cross-sell dynamics. The gross margin improved to 71 % after scaling hardware procurement, and churn among enterprise customers was reported below 3 % on a quarterly basis.
The business is driven by macro trends that favor technology-enabled rental housing: (1) a persistent national rental vacancy rate below 5 % keeps landlords focused on tenant acquisition and retention; (2) ESG and energy-efficiency mandates are prompting owners to adopt IoT-based controls that can lower utility costs and meet sustainability reporting requirements; and (3) the broader prop-tech market is projected to expand at a CAGR of ~12 % through 2028, creating tailwinds for integrated platforms that can consolidate disparate building systems.
For a deeper, data-rich assessment of SmartRent’s valuation and competitive positioning, you may find ValueRay’s analyst toolkit worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: -68.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.15 > 0.02 and ΔFCF/TA -11.65 > 1.0 |
| NWC/Revenue: 82.32% < 20% (prev 99.62%; Δ -17.30% < -1%) |
| CFO/TA -0.12 > 3% & CFO -41.2m > Net Income -68.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (188.4m) vs 12m ago -5.21% < -2% |
| Gross Margin: 30.39% > 18% (prev 0.34%; Δ 3005 % > 0.5%) |
| Asset Turnover: 38.56% > 50% (prev 44.53%; Δ -5.97% > 0%) |
| Interest Coverage Ratio: -2.22 > 6 (EBITDA TTM -37.6m / Interest Expense TTM 21.3m) |
Altman Z'' -6.60
| A: 0.37 (Total Current Assets 197.1m - Total Current Liabilities 72.6m) / Total Assets 335.8m |
| B: -1.22 (Retained Earnings -410.1m / Total Assets 335.8m) |
| C: -0.12 (EBIT TTM -47.2m / Avg Total Assets 392.2m) |
| D: -4.04 (Book Value of Equity -409.4m / Total Liabilities 101.4m) |
| Altman-Z'' Score: -6.60 = D |
Beneish M -3.07
| DSRI: 1.09 (Receivables 52.2m/63.0m, Revenue 151.2m/199.8m) |
| GMI: 1.11 (GM 30.39% / 33.63%) |
| AQI: 1.07 (AQ_t 0.39 / AQ_t-1 0.36) |
| SGI: 0.76 (Revenue 151.2m / 199.8m) |
| TATA: -0.08 (NI -68.7m - CFO -41.2m) / TA 335.8m) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of SMRT shares?
Over the past week, the price has changed by +4.82%, over one month by -3.87%, over three months by +19.18% and over the past year by +29.85%.
Is SMRT a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SMRT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1.7 | -0.6% |
| Analysts Target Price | 1.7 | -0.6% |
| ValueRay Target Price | 1.7 | -5.2% |
SMRT Fundamental Data Overview February 03, 2026
P/S = 2.0269
P/B = 1.3479
Revenue TTM = 151.2m USD
EBIT TTM = -47.2m USD
EBITDA TTM = -37.6m USD
Long Term Debt = 6.11m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = unknown (none)
Debt = 6.11m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -93.9m USD (from netDebt column, last quarter)
Enterprise Value = 212.6m USD (306.5m + Debt 6.11m - CCE 100.0m)
Interest Coverage Ratio = -2.22 (Ebit TTM -47.2m / Interest Expense TTM 21.3m)
EV/FCF = -4.28x (Enterprise Value 212.6m / FCF TTM -49.7m)
FCF Yield = -23.36% (FCF TTM -49.7m / Enterprise Value 212.6m)
FCF Margin = -32.84% (FCF TTM -49.7m / Revenue TTM 151.2m)
Net Margin = -45.45% (Net Income TTM -68.7m / Revenue TTM 151.2m)
Gross Margin = 30.39% ((Revenue TTM 151.2m - Cost of Revenue TTM 105.3m) / Revenue TTM)
Gross Margin QoQ = 26.43% (prev 33.07%)
Tobins Q-Ratio = 0.63 (Enterprise Value 212.6m / Total Assets 335.8m)
Interest Expense / Debt = 41.21% (Interest Expense 2.52m / Debt 6.11m)
Taxrate = 21.0% (US default 21%)
NOPAT = -37.3m (EBIT -47.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.71 (Total Current Assets 197.1m / Total Current Liabilities 72.6m)
Debt / Equity = 0.03 (Debt 6.11m / totalStockholderEquity, last quarter 234.4m)
Debt / EBITDA = 2.50 (negative EBITDA) (Net Debt -93.9m / EBITDA -37.6m)
Debt / FCF = 1.89 (negative FCF - burning cash) (Net Debt -93.9m / FCF TTM -49.7m)
Total Stockholder Equity = 253.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.53% (Net Income -68.7m / Total Assets 335.8m)
RoE = -27.13% (Net Income TTM -68.7m / Total Stockholder Equity 253.3m)
RoCE = -18.20% (EBIT -47.2m / Capital Employed (Equity 253.3m + L.T.Debt 6.11m))
RoIC = -14.72% (negative operating profit) (NOPAT -37.3m / Invested Capital 253.3m)
WACC = 12.20% (E(306.5m)/V(312.6m) * Re(11.79%) + D(6.11m)/V(312.6m) * Rd(41.21%) * (1-Tc(0.21)))
Discount Rate = 11.79% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.72%
Fair Price DCF = unknown (Cash Flow -49.7m)
EPS Correlation: 74.88 | EPS CAGR: 79.34% | SUE: 1.55 | # QB: 1
Revenue Correlation: -12.30 | Revenue CAGR: 1.16% | SUE: -0.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.01 | Chg30d=+0.030 | Revisions Net=-1 | Growth EPS=+91.3% | Growth Revenue=+4.2%