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SmartRent SMRT Q1 2025 earnings

Reported May 7, 2025 · Before market open

Revenue$41.3MBeat by $198.5K
EPS-$0.05Miss by $0.03
Revenue estimate$41.1M
EPS estimate-$0.02

Next report

Nov 4, 2026 (in a month)
Revenue estimate$39.9M
EPS estimate-$0.02

Financials

Q1 2025

Income statement

See full
Revenue$41.3M-18.1%
Gross profit$13.6M-30.2%
Operating income-$41.3M-306%
Net income-$40.2M-422%
EPS (diluted)-$0.21-425%

Balance sheet

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Cash & equivalents$125.6M-38.6%
Total equity$250.7M-24.7%
Total assets$366.1M-24.6%

Cash flow

See full
Operating cash flow-$12.2M-265%
CapEx$2.2M+6,312%
Free cash flow-$14.3M-326%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$233.17M-57.2%
P/S1.4×-1.0×

Profitability

See full
Gross margin32.9%+5.9pp
Operating margin-44%-121pp
Net margin-39.9%-77.9pp
FCF margin-27.5%-33.3pp

Returns & leverage

See full
Return on equity-22.7%-55.9pp
Current ratio3×0.0×

Segments

By segment

See full
Smart Apartments$35.1M-20.6%
Smart Operations Solutions$2.8M-2.2%
Other Smart Communities Solutions$1.8M+55.4%
Access Control$1.6M-14.5%

By product

See full
Hardware Service$18.8M-35.2%
Software As A Service$14.0M+17.2%
Deferred Hub Amortization$4.7M-22.9%
Professional Services$3.9M+12.6%

FAQ

When did SmartRent report Q1 2025 earnings?
SmartRent (SMRT) reported Q1 2025 earnings on May 7, 2025 before market open.
What were SmartRent's Q1 2025 revenue and EPS?
SmartRent reported revenue of $41.3M and eps of $-0.05 for Q1 2025.
Did SmartRent beat estimates in Q1 2025?
Revenue beat the consensus estimate of $41.1M by $198.5K. EPS missed the consensus estimate of $-0.02 by $0.03.
How did SmartRent's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 18.1% from $50.5M a year earlier and eps declined 150.0% from $-0.02.
Where can I find SmartRent's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000950170-25-063018) and the 10-Q periodic report (0000950170-25-065034) directly on SEC EDGAR. The filing index links above go to sec.gov.