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SmartRent, Inc. (SMRT) Fundamental Analysis & AI Grade 2026

SMRT NYSE Services-Computer Integrated Systems Design DE CIK: 0001837014
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 SMRT Key Takeaways

Revenue: $38.7M
Net Margin: -11.5%
Free Cash Flow: $-4.6M
Current Ratio: 3.95x
Debt/Equity: 0.00x
EPS: $-0.02
AI Grade: C with 78% confidence
SmartRent, Inc. (SMRT) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $38.7M, net profit margin of -11.5%, and return on equity (ROE) of -1.9%, SmartRent, Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete SMRT stock analysis for 2026.

Is SmartRent, Inc. (SMRT) a Good Investment?

Claude

SmartRent exhibits a critical disconnect between balance sheet strength and operational weakness. While the company maintains robust liquidity and minimal debt, it is deeply unprofitable with stagnant 0% revenue growth, negative operating cash flow of -$4.5M, and all profitability margins significantly negative (-13.2% operating, -11.5% net). The negative operating cash flow indicates the underlying business model is not viable at current scale and is consuming cash reserves rather than generating returns.

SmartRent, Inc. Key Strengths (SMRT)

Claude
  • + Strong balance sheet with $98.8M cash and minimal debt (0.00x Debt/Equity)
  • + Excellent liquidity position with Current Ratio of 3.95x and Quick Ratio of 3.38x
  • + Substantial shareholder equity of $230.7M providing runway for strategic changes

SMRT Stock Risks: SmartRent, Inc. Investment Risks

Claude
  • ! Negative operating cash flow of -$4.5M demonstrates the business is not self-sustaining and requires continuous cash burn
  • ! Zero revenue growth (0% YoY) combined with persistent negative profitability indicates lack of market traction or business expansion
  • ! Severely negative profitability margins (Operating: -13.2%, Net: -11.5%) with negative ROE and ROA suggest fundamental business model challenges

Key Metrics to Watch

Claude
  • * Operating cash flow inflection to positive territory
  • * Revenue growth acceleration above 5% year-over-year
  • * Path to EBITDA breakeven and operating profitability

SmartRent, Inc. (SMRT) Financial Metrics & Key Ratios

Revenue
$38.7M
Net Income
$-4.4M
EPS (Diluted)
$-0.02
Free Cash Flow
$-4.6M
Total Assets
$300.2M
Cash Position
$98.8M

💡 AI Analyst Insight

Strong liquidity with a 3.95x current ratio provides a solid financial cushion.

SMRT Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -13.2%
Net Margin -11.5%
ROE -1.9%
ROA -1.5%
FCF Margin -11.8%

SMRT vs Technology Sector: How SmartRent, Inc. Compares

How SmartRent, Inc. compares to Technology sector averages

Net Margin
SMRT -11.5%
vs
Sector Avg 18.0%
SMRT Sector
ROE
SMRT -1.9%
vs
Sector Avg 22.0%
SMRT Sector
Current Ratio
SMRT 3.9x
vs
Sector Avg 2.5x
SMRT Sector
Debt/Equity
SMRT 0.0x
vs
Sector Avg 0.5x
SMRT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SmartRent, Inc. Stock Overvalued? SMRT Valuation Analysis 2026

Based on fundamental analysis, SmartRent, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-1.9%
Sector avg: 22%
Net Profit Margin
-11.5%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SmartRent, Inc. Balance Sheet: SMRT Debt, Cash & Liquidity

Current Ratio
3.95x
Quick Ratio
3.38x
Debt/Equity
0.00x
Debt/Assets
23.2%
Interest Coverage
N/A
Long-term Debt
N/A

SMRT Revenue & Earnings Growth: 5-Year Financial Trend

SMRT 5-year financial data: Year 2021: Revenue $110.6M, Net Income -$37.1M, EPS N/A. Year 2022: Revenue $167.8M, Net Income -$37.1M, EPS $-4.32. Year 2023: Revenue $236.8M, Net Income -$72.0M, EPS $-0.96. Year 2024: Revenue $236.8M, Net Income -$96.3M, EPS $-0.49. Year 2025: Revenue $236.8M, Net Income -$34.6M, EPS $-0.17.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SmartRent, Inc.'s revenue has grown significantly by 114% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.17 indicates the company is currently unprofitable.

SMRT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-11.8%
Free cash flow / Revenue

SMRT Quarterly Earnings & Performance

Quarterly financial performance data for SmartRent, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $38.7M -$4.4M $-0.02
Q3 2025 $36.2M -$4.6M $-0.03
Q2 2025 $38.3M -$4.6M $-0.02
Q1 2025 $41.3M -$7.7M $-0.04
Q3 2024 $40.5M -$4.6M $-0.04
Q2 2024 $48.5M -$4.6M $-0.02
Q1 2024 $50.5M -$7.7M $-0.04
Q3 2023 $47.5M -$7.7M $-0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SmartRent, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$4.5M
Cash generated from operations
Stock Buybacks
$4.9M
Shares repurchased (TTM)
Capital Expenditures
$30.0K
Investment in assets
Dividends
None
No dividend program

SMRT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SmartRent, Inc. (CIK: 0001837014)

📋 Recent SEC Filings

Date Form Document Action
May 27, 2026 4 xslF345X06/ownership.xml View →
May 20, 2026 4 xslF345X06/ownership.xml View →
May 13, 2026 4 xslF345X06/ownership.xml View →
May 13, 2026 4 xslF345X06/ownership.xml View →
May 13, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about SMRT

What is the AI rating for SMRT?

SmartRent, Inc. (SMRT) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SMRT's key strengths?

Claude: Strong balance sheet with $98.8M cash and minimal debt (0.00x Debt/Equity). Excellent liquidity position with Current Ratio of 3.95x and Quick Ratio of 3.38x.

What are the risks of investing in SMRT?

Claude: Negative operating cash flow of -$4.5M demonstrates the business is not self-sustaining and requires continuous cash burn. Zero revenue growth (0% YoY) combined with persistent negative profitability indicates lack of market traction or business expansion.

What is SMRT's revenue and growth?

SmartRent, Inc. reported revenue of $38.7M.

Does SMRT pay dividends?

SmartRent, Inc. does not currently pay dividends.

Where can I find SMRT SEC filings?

Official SEC filings for SmartRent, Inc. (CIK: 0001837014) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SMRT's EPS?

SmartRent, Inc. has a diluted EPS of $-0.02.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SMRT's fundamental grade?

Based on our AI fundamental analysis in May 2026, SmartRent, Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SMRT stock overvalued or undervalued?

Valuation metrics for SMRT: ROE of -1.9% (sector avg: 22%), net margin of -11.5% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is SMRT's AI grade for 2026?

Our dual AI analysis gives SmartRent, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SMRT's free cash flow?

SmartRent, Inc.'s operating cash flow is $-4.5M, with capital expenditures of $30.0K. FCF margin is -11.8%.

How does SMRT compare to other Technology stocks?

Vs Technology sector averages: Net margin -11.5% (avg: 18%), ROE -1.9% (avg: 22%), current ratio 3.95 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI