What is SmartRent's invested capital?

SmartRent (SMRT) reported invested capital of $134.61M in Q4 2025.

How has SmartRent's invested capital changed year-over-year?

SmartRent's invested capital decreased by 12.9% year-over-year, from $154.57M to $134.61M.

What is the long-term trend for SmartRent's invested capital?

Over 5 years (2020 to 2025), SmartRent's invested capital has grown at a 3.8% compound annual growth rate (CAGR), from -$111.56M to $134.61M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

SmartRent SMRT Invested capital

Discontinued — last reported Q4 '25

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Other financials

Income statement

See full

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

See full

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

See full

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+23.5%

P/S1.5×+0.3×

Profitability

See full

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

See full

Return on equity-10.3%-3.6pp

Debt / equity0×0.0×

Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

$7.0Mtotal debt+$232.1Mtotal stockholders equity−$104.6Mcash and equivalents=$134.61M

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 invested capital?: SmartRent (SMRT) reported invested capital of $134.61M in Q4 2025.
How has SmartRent's invested capital changed year-over-year?: SmartRent's invested capital decreased by 12.9% year-over-year, from $154.57M to $134.61M.
What is the long-term trend for SmartRent's invested capital?: Over 5 years (2020 to 2025), SmartRent's invested capital has grown at a 3.8% compound annual growth rate (CAGR), from -$111.56M to $134.61M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).