SmartRent, Inc. (SMRT) AI Stock Analysis

SmartRent, Inc. is an enterprise software company providing an integrated smart home operating system tailored for residential property owners, operators, homebuilders, developers, institutional home buyers, and residents across the United States. Its product portfolio includes access control systems for buildings and common areas, asset protection and monitoring solutions, parking management systems, self-guided tour capabilities, and community-wide resident Wi-Fi services. SmartRent complements these smart apartment and home products with professional services such as training, installation, and ongoing support to ensure seamless integration and operational efficiency for property managers.

SmartRent expanded revenue from $110.6M in FY2021 to a peak of $236.8M in FY2023 before contracting 26.2% to $174.9M in FY2024 and 12.9% to $152.3M in FY2025. Gross margin improved from -9.1% in FY2021 to 32.7% in FY2025. Operating margin remained negative, standing at -24.7% in FY2025, resulting in an annual net loss of -$60.6M and EPS of -$0.16. For the trailing twelve months ended June 30, 2026, revenue was $151.2M with an operating margin of -16.2% and EPS of -$0.10. In the latest quarter ended June 30, 2026, quarterly revenue grew 4.0% year-over-year.

As of June 30, 2026, SmartRent held $92.7M in cash and short-term investments against $5.2M in total debt, resulting in net cash of $87.4M. The company maintains solid liquidity with a current ratio of 3.80 and a debt-to-equity ratio of 0.02 against shareholders' equity of $225.1M. Operating cash flow in FY2025 was -$21.6M, leading to free cash flow of -$30.2M after capital expenditures of $8.6M. Capital allocation in FY2025 also included $4.9M allocated to share buybacks.

SmartRent carries a market capitalization of $218.4M and an enterprise value of $134.8M. The stock trades at a price-to-sales multiple of 1.4x and an EV-to-revenue multiple of 0.9x, both below the median of its US-listed Technology peers at 2.8x price-to-sales. Its forward P/E is 47.6x, compared to the peer median forward P/E of 18.8x. Over the past year, the shares fell 21.9%, lagging the S&P 500 return of 16.8%, and over five years the stock fell 90.6% while the S&P 500 rose 83.0%.

Consensus coverage consists of 1 Strong Buy and 2 Hold ratings. The mean price target is $1.55, representing an upside of 36.0% above the October 16, 2026 closing price of $1.14. For the fiscal year ending December 31, 2026, analysts estimate revenue of $160.7M and an EPS of -$0.03. For the following fiscal year, 3 analysts project revenue of $188.5M and EPS of -$0.00. SmartRent met or exceeded EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of SmartRent, Inc. (SMRT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SMRT income statement, SMRT balance sheet, SMRT key metrics, SMRT analyst forecast, SMRT chart. See the SMRT stock overview for the latest quote and news.