SmartRent, Inc.SMRTEarnings & Financial Report
NYSE · car rental company
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
SMRT Q3 2025 Key Financial Metrics
Revenue
$36.2M
Gross Profit
$9.6M
Operating Profit
$-7.0M
Net Profit
$-6.3M
Gross Margin
26.4%
Operating Margin
-19.4%
Net Margin
-17.3%
YoY Growth
-10.6%
EPS
$-0.03
Financial Flow
SmartRent, Inc. Q3 2025 Financial Summary
SmartRent, Inc. reported revenue of $36.2M for Q3 2025, with a net profit of $-6.3M (-17.3% margin). Cost of goods sold was $26.6M, operating expenses totaled $16.6M.
Key Financial Metrics
| Total Revenue | $36.2M |
|---|---|
| Net Profit | $-6.3M |
| Gross Margin | 26.4% |
| Operating Margin | -19.4% |
| Report Period | Q3 2025 |
SmartRent, Inc. Annual Revenue by Year
SmartRent, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $174.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $174.9M |
| 2023 | $236.8M |
| 2022 | $167.8M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.3M | $50.5M | $48.5M | $40.5M | $35.4M | $41.3M | $38.3M | $36.2M |
| YoY Growth | 48.6% | -22.4% | -9.1% | -30.3% | -41.3% | -18.1% | -21.0% | -10.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $509.8M | $485.5M | $475.3M | $448.6M | $420.2M | $366.1M | $354.0M | $335.8M |
| Liabilities | $167.3M | $152.4M | $146.0M | $143.5M | $130.7M | $115.4M | $115.1M | $101.4M |
| Equity | $342.4M | $333.1M | $329.4M | $305.1M | $289.4M | $250.7M | $238.8M | $234.4M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.3M | $-3.3M | $-13.9M | $-3.7M | $-12.0M | $-12.2M | $-14.9M | $-2.1M |
