SMRT · NYSE · Software - Application

SmartRent (SMRT)

Connects hardware, cloud software, and services to automate rental-property operations.

$1.18
vs last close+0.02 (+1.72%)
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SmartRent, Inc.SMRT
Information Technology

Combines connected-property hardware, cloud software, and implementation services for multifamily and single-family rental operators. Its Smart Apartments platform also includes self-guided tours, access control, and SightPlan-derived property-operations tools.

Smart Apartments combines connected-property hardware, cloud software, and implementation and service for rental-property owners and operators. The platform also includes Self-Guided Tours, Access Control, and SightPlan-derived maintenance, resident-engagement, and property-operations tools.

Operations and long-lived assets are principally in the United States, and the company reports one operating segment. The platform serves multifamily and single-family rentals, supporting owners, operators, site teams, and residents.

Execution depends on adoption of its products and services, third-party suppliers, manufacturers and partners, new-business-line execution, macroeconomic conditions, leadership transition, and litigation, as well as the availability of partner-provided components and services.

Company facts

CEOFrank Martell
ListedAug 25, 2021
ExchangeNYSE
HeadquartersPhoenix, AZ
CountryUnited States
Employees418
CIK0001837014
ISINUS83193G1076

Market cap$223.7M
EPS (ttm)−$0.1004
P/E (ttm)−11.55
ROE-8.5%
P/B0.9936
P/S1.48
Dividend yieldDiv yield
Beta1.38vs XLK 0.03

Price target$4.00+244.8%Average of 15 analysts
ConsensusHold8 of 15 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 4, 26
in 43 days
EPS estimate
−$0.02
Revenue estimate
$39.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.06−$0.21−$0.06−$0.03−$0.02−$0.02−$0.03Pending
Estimate−$0.02−$0.02−$0.04−$0.06−$0.02−$0.02−$0.02−$0.02
Surprise−200.0%−950.0%−50.0%+50.0%0.0%0.0%−50.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$35.4M$41.3M$38.3M$36.2M$36.3M$36.6M$38.4MPending
Estimate$39.1M$40.1M$38.8M$36.3M$36.3M$39.6M$39.6M$39.9M
Surprise−9.5%+3.1%−1.4%−0.2%0.0%−7.5%−3.1%
Estimate−$0.02
ReportedDue Nov 4, 2026
Estimate$39.9M
ReportedDue Nov 4, 2026
View details

Debt to equity2.30%
Current ratio380.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$40.5M$35.4M$41.3M$38.3M$36.2M$36.5M$38.7M$39.8M
Net income−$9.9M−$11.4M−$40.2M−$10.9M−$6.3M−$3.2M−$4.4M−$5.6M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$11.7M−$13.0M−$41.3M−$11.7M−$7.0M−$4.0M−$5.1M−$6.5M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $92.7M · Total debt $5.2M · Total assets $293.7M · Shareholders' equity $225.1M

Revenue
$39.8M
Operating income
−$6.5M
Net income
−$5.6M
View details

No dividends on record.

Institutions≈ 66.46%127.35M shares
132 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders3.73%7.15M shares
14 holders · as of Aug 20, 2026
Strategic holders6.11%11.72M shares
1 holder · as of Feb 10, 2022
Other≈ 23.70%45.39M shares
remainder

191.61M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Citigroup IncInstitution
8.33%15.96Mas of Jun 30, 2026
Spark Growth Management Partners II, LLCStrategic
6.11%11.72Mfiled Feb 10, 2022
BlackRock, Inc.Institution
5.96%11.43Mas of Jun 30, 2026
Oaktree Capital Management LPInstitution
3.92%7.51Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.63%6.95Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 20, 2026Thomas N. Bohjaliandirector+15,000$1.37
Aug 19, 2026Thomas N. Bohjaliandirector+40,000$1.40
Aug 11, 2026Thomas N. Bohjaliandirector+5,000$1.34
Aug 11, 2026Frank Martelldirector, officer: Chief Executive Officer+100,000$1.42
Aug 11, 2026Ana G. Pinczukdirector+107,000$1.43
View details

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