Smartrent, Inc. balance sheet
At the end of fiscal 2025, Smartrent, Inc. had total assets of $321m, total liabilities of $88.8m and shareholders' equity of $232m. It held $105m in cash against $0 of debt.
Balance sheet
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 39 | 431 | 210 | 215 | 142 | 105 | 93 |
| Receivables | 21 | 45 | 62 | 62 | 59 | 47 | 38 |
| Inventory | 18 | 33 | 76 | 42 | 35 | 27 | 21 |
| Total current assets | 88 | 536 | 378 | 340 | 258 | 188 | 162 |
| Goodwill | 4 | 13 | 117 | 117 | 117 | 92 | 92 |
| Total assets | 104 | 580 | 561 | 510 | 420 | 321 | 294 |
| Accounts payable | 2 | 6 | 18 | 15 | 9 | 13 | 8 |
| Deferred revenue (current) | 19 | 42 | 80 | 77 | 35 | 33 | 19 |
| Total current liabilities | 33 | 71 | 133 | 117 | 71 | 60 | 43 |
| Short-term debt | 2 | — | — | — | — | — | — |
| Total debt | 5 | 4 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 71 | 130 | 197 | 167 | 131 | 89 | 69 |
| Shareholders' equity | −78 | 450 | 364 | 342 | 289 | 232 | 225 |
| Non-controlling interests and other (assets − liabilities − equity) | 111 | — | — | — | — | — | — |
| Shares outstanding | — | — | 199m | 203m | 192m | 190m | 192m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 63 | 59 | 50 | 59 | 52 | 47 | 37 | 38 |
| Inventory | 36 | 35 | 33 | 33 | 28 | 27 | 24 | 21 |
| Total current assets | 285 | 258 | 228 | 218 | 201 | 188 | 169 | 162 |
| Goodwill | 117 | 117 | 92 | 92 | 92 | 92 | 92 | 92 |
| Total assets | 449 | 420 | 366 | 354 | 336 | 321 | 300 | 294 |
| Accounts payable | 10 | 9 | 12 | 12 | 11 | 13 | 9 | 8 |
| Deferred revenue (current) | 50 | 35 | 39 | 38 | 36 | 33 | 25 | 19 |
| Total current liabilities | 86 | 71 | 76 | 80 | 73 | 60 | 43 | 43 |
| Total liabilities | 143 | 131 | 115 | 115 | 101 | 89 | 70 | 69 |
| Shareholders' equity | 305 | 289 | 251 | 239 | 234 | 232 | 231 | 225 |
| Shares outstanding | 193m | 192m | 192m | 188m | 189m | 190m | 193m | 192m |
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