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SmartRent SMRT Q4 2024 Annual earnings

Reported March 5, 2025 · Before market open

Revenue$35.4MMiss by $9.2M
EPS-$0.06Miss by $0.04
Revenue estimate$44.5M
EPS estimate-$0.02

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$39.6M
EPS estimate-$0.02

Financials

Q4 2024

Income statement

See full
Revenue$35.4M-41.3%
Gross profit$10.2M-40.3%
Operating income-$13.0M-122%
Net income-$11.4M-246%
EPS (diluted)-$0.06-500%

Balance sheet

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Cash & equivalents$142.5M-33.8%
Total debt$7.6M+167%
Total equity$289.4M-15.5%
Total assets$420.2M-17.6%

Cash flow

See full
Operating cash flow-$12.0M-264%
CapEx$1.2M+3,910%
Free cash flow-$13.3M-281%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$337M-48.0%
Enterprise value$202.13M-53.6%
P/S1.9×-0.8×

Profitability

See full
Gross margin34.5%+13.6pp
Operating margin-23.9%+10.8pp
Net margin-19.2%+8.9pp
FCF margin-19.8%-22.3pp

Returns & leverage

See full
Return on equity-10.6%+1.0pp
Debt / equity0.0×
Current ratio3.6×+0.7×

Segments

By segment

See full
Smart Apartments$26.8M-50.2%
Other Smart Communities Solutions$3.2M+110%
Smart Operations Solutions$2.9M+1.4%
Access Control$1.8M+21.5%

By product

See full
Software As A Service$13.6M+32.4%
Hardware Service$10.4M-71.5%
Professional Services$6.2M-7.0%
Deferred Hub Amortization$5.2M-10.5%

By geography

See full
US$35.0M-41.6%

Versus estimates

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Questions, answered.

When did SmartRent report Q4 2024 earnings?
SmartRent (SMRT) reported Q4 2024 earnings on March 5, 2025 before market open.
What were SmartRent's Q4 2024 revenue and EPS?
SmartRent reported revenue of $35.4M and eps of $-0.06 for Q4 2024.
Did SmartRent beat estimates in Q4 2024?
Revenue missed the consensus estimate of $44.5M by $9.2M. EPS missed the consensus estimate of $-0.02 by $0.04.
Where can I find SmartRent's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000950170-25-033086) directly on SEC EDGAR. The filing index links above go to sec.gov.