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SmartRent SMRT Debt-to-equity

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Other financials

Income statement

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Revenue$38.7M-6.4%
Gross profit$15.1M+11.5%
Operating income-$5.1M+87.7%
Net income-$4.4M+88.9%
EPS (diluted)-$0.02+90.5%

Balance sheet

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Cash & equivalents$98.8M-21.3%
Total debt$7.0M-7.8%
Total equity$230.7M-8.0%
Total assets$300.2M-18.0%

Cash flow

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Operating cash flow-$4.5M+62.7%
CapEx$30.0K-98.6%
Free cash flow-$4.6M+68.1%

Valuation

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Market cap$229.48M+27.8%
P/S1.5×+0.4×

Profitability

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Gross margin34.4%+1.5pp
Operating margin-18.6%-6.8pp
Net margin-16.6%-6.1pp
FCF margin-30.4%-43.6pp

Returns & leverage

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Return on equity-10.3%-3.6pp
Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

Based on the most recent quarter.

The official record: SmartRent’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SmartRent's debt-to-equity?
SmartRent (SMRT) reported debt-to-equity of 0× in Q4 2025.
How has SmartRent's debt-to-equity changed year-over-year?
SmartRent's debt-to-equity increased by 14.8% year-over-year, from 0× to 0×.
What is the long-term trend for SmartRent's debt-to-equity?
Over 4 years (2021 to 2025), SmartRent's debt-to-equity has grown at a 43.6% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.