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SmartRent SMRT Free cash flow margin

Free cash flow margin at other companies

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Alarm.com HoldingsALRM
16.3%-1.3pp
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CalixCALX
10.3%+4.0pp
Mid-America Apartment Communities logo
Mid-America Apartment CommunitiesMAA
31%-3.3pp
Itron logo
ItronITRI
16.8%+7.0pp
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AppFolioAPPF
23.6%+1.4pp
BlackLine logo
BlackLineBL
23%-4.1pp

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

Returns & leverage

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Return on equity-10.3%-3.6pp
Debt / equity0.0×
Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

Based on trailing twelve months.

The official record: SmartRent’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is SmartRent's free cash flow margin?
SmartRent (SMRT) reported free cash flow margin of -30.4% in Q3 2025.
How has SmartRent's free cash flow margin changed year-over-year?
SmartRent's free cash flow margin decreased by 331.2% year-over-year, from -7.1% to -30.4%.
What is the long-term trend for SmartRent's free cash flow margin?
Over 3 years (2021 to 2024), SmartRent's free cash flow margin has grown at a -32.7% compound annual growth rate (CAGR), from -64.9% to -19.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.