SMRT on NYSE

SmartRent, Inc.

We are an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers and residents.3 From its latest annual report

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerSMRT on NYSE1
  • IndustryServices-Computer Integrated Systems Design1
  • HeadquartersPhoenix, Arizona1
  • Incorporated inDE2
  • Business address6811 E Mayo Blvd, Phoenix, Az 850542
  • Filer categoryAccelerated filer, Emerging growth company2

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We are an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers and residents. Our suite of products and services, which includes cloud-based software-as-a-service ("SaaS") solutions many of which are enabled by smart building hardware, provide seamless visibility and control over real estate assets. Our platform can lower operating costs, increase revenues, mitigate operational friction and protect assets for owners and operators, while providing a differentiated, elevated living experience for residents.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-42.0%Operating margin4
-39.8%Net margin4
-12.9%Revenue growth, 20254
-26.1%Return on equity4
-$25.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$102.5M
  • Research and development17¢$26.2M
  • Other costs15¢$23.6M
  • Income tax0¢$41.0K

Out of $152.3M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$152.3M in 2025+190% since 2020
0$100.0M$200.0M$300.0M2020: $52.5M$52.5M20202021: $110.6M$110.6M2021+111%2022: $167.8M$167.8M2022+52%2023: $236.8M$236.8M2023+41%2024: $174.9M$174.9M2024−26%2025: $152.3M$152.3M2025−13%
Operating income5674-$64.0M in 2025+79% since 2020
-$150.0M-$100.0M-$50.0M02020: -$35.7M-$35.7M20202021: -$71.7M-$71.7M2021+101%2022: -$104.3M-$104.3M2022+45%2023: -$43.2M-$43.2M2023−59%2024: -$41.8M-$41.8M2024−3%2025: -$64.0M-$64.0M2025+53%
Net income5674-$60.6M in 2025+63% since 2020
-$100.0M-$75.0M-$50.0M-$25.0M02020: -$37.1M-$37.1M20202021: -$72.0M-$72.0M2021+94%2022: -$96.3M-$96.3M2022+34%2023: -$34.6M-$34.6M2023−64%2024: -$33.6M-$33.6M2024−3%2025: -$60.6M-$60.6M2025+80%
Fiscal year2019202020212022202320242025
Revenue$52.5M5$110.6M6$167.8M7$236.8M4$174.9M4$152.3M4
Cost of revenue$56.8M5$120.7M6$166.5M7$187.3M4$114.5M4$102.5M4
Research and development$9.4M5$21.6M6$29.4M7$28.8M4$29.4M4$26.2M4
Operating expenses$61.6M6$105.6M7$92.7M4$102.1M4$88.9M4
Operating income-$35.7M5-$71.7M6-$104.3M7-$43.2M4-$41.8M4-$64.0M4
Income before tax-$71.8M6-$101.7M7-$34.7M4-$33.4M4-$60.5M4
Income tax$149.0K5$115.0K6-$5.4M7-$108.0K4$267.0K4$41.0K4
Net income-$37.1M5-$72.0M6-$96.3M7-$34.6M4-$33.6M4-$60.6M4
Earnings per share-$4.325-$0.966-$0.497-$0.174-$0.174-$0.324
Earnings per share (diluted)-$4.325-$0.966-$0.497-$0.174-$0.174-$0.324
Shares (weighted, basic)74.7M shares6195.6M shares7200.7M shares4199.2M shares4189.7M shares4
Shares (weighted, diluted)74.7M shares6195.6M shares7200.7M shares4199.2M shares4189.7M shares4

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Leadership

Who has led SmartRent, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lucas Merwan Haldeman2021–2024
  2. Michael Shane Paladin2025
  3. Frank Martell2025–now

Chief financial officer

  1. Andriy Mykhaylovskyy2021
  2. Jonathan Wolter2021
  3. Hiroshi Okamoto2022–2023
  4. Daryl Stemm2023–now

Chief operating officer

  1. Demetrios Barnes2021–2022
  2. Pankaj Bansi2026–now
2025
Board members and other officers (26)

Former names

  • Fifth Wall Acquisition Corp. IDec 18, 2020 to Aug 24, 20212

Timeline

  1. Jun 16, 2025New chief executive Frank Martell becomes CEO12
  2. Feb 25, 2025New chief executive Michael Shane Paladin becomes CEO11
  3. Aug 26, 2021New chief executive Lucas Merwan Haldeman becomes CEO13

Filings

610 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 47 major events, 453 insider forms, 33 large holders, 56 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Sep 30, 20264 EDGAR
  3. Aug 20, 20264 EDGAR
  4. Aug 14, 20264 EDGAR
  5. Aug 13, 2026SCHEDULE 13G/A EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 11, 20264 EDGAR
  8. Aug 11, 20264 EDGAR
  9. Aug 5, 202610-Q EDGAR
  10. Aug 5, 20268-K EDGAR
  11. Jul 30, 2026SCHEDULE 13G EDGAR
  12. Jun 30, 20264 EDGAR
  13. Jun 10, 20264 EDGAR
  14. Jun 5, 20264 EDGAR
  15. May 27, 20264 EDGAR
  16. May 20, 20264/A EDGAR
  17. May 20, 20264 EDGAR
  18. May 18, 2026S-8 EDGAR
  19. May 13, 20264 EDGAR
  20. May 13, 20264 EDGAR

The 610 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

102 open-market trades by officers, directors and large owners since October 2021: 61 buys and 41 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Bohjalian Thomas NDirectorBuy15,000$1.37$20.6KForm 4
Aug 19, 2026Bohjalian Thomas NDirectorBuy40,000$1.40$56.0KForm 4
Aug 11, 2026Bohjalian Thomas NDirectorBuy5,000$1.34$6.7KForm 4
Aug 11, 2026Martell FrankChief Executive OfficerBuy100,000$1.42$142.0KForm 4
Aug 11, 2026Pinczuk Ana G.DirectorBuy107,000$1.43$153.0KForm 4
Jun 10, 2026Bohjalian Thomas NDirectorBuy75,000$1.11$83.2KForm 4
Jun 5, 2026Martell FrankChief Executive OfficerBuy40,260$1.13$45.5KForm 4
Jun 4, 2026Martell FrankChief Executive OfficerBuy20,000$1.19$23.8KForm 4
May 26, 2026Ponathil SangeethChief Information OfficerBuy10,000$1.25$12.5KForm 4
May 12, 2026Martell FrankChief Executive OfficerBuy100,000$1.18$118.0KForm 4
May 8, 2026Martell FrankChief Executive OfficerBuy50,000$1.12$56.0KForm 4
Mar 12, 2026Bohjalian Thomas NDirectorBuy150,000$1.74$261.0KForm 4
Dec 16, 2025Martell FrankChief Executive OfficerBuy19,466$2.07$40.3KForm 4
Dec 15, 2025Martell FrankChief Executive OfficerBuy30,534$2.06$62.9KForm 4
Dec 12, 2025Martell FrankChief Executive OfficerBuy25,000$2.07$51.8KForm 4
Dec 11, 2025Martell FrankChief Executive OfficerBuy25,000$2.07$51.8KForm 4
Dec 10, 2025Martell FrankChief Executive OfficerBuy30,000$1.99$59.7KForm 4
Dec 9, 2025Martell FrankChief Executive OfficerBuy30,000$2.03$60.9KForm 4
Dec 5, 2025Martell FrankChief Executive OfficerBuy124,086$1.91$237.0KForm 4
Dec 4, 2025Martell FrankChief Executive OfficerBuy100,000$1.88$188.0KForm 4

All 102 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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