vs
Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $23.1M, roughly 1.6× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 3.1%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -15.0%).
ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.
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.
ADCT vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $36.5M |
| Net Profit | — | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -77.7% | -10.9% |
| Net Margin | — | -8.9% |
| Revenue YoY | 36.4% | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $0.04 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $23.1M | $36.5M | ||
| Q3 25 | $15.8M | $36.2M | ||
| Q2 25 | $18.1M | $38.3M | ||
| Q1 25 | $17.4M | $41.3M | ||
| Q4 24 | $16.9M | $35.4M | ||
| Q3 24 | $18.0M | $40.5M | ||
| Q2 24 | $17.0M | $48.5M | ||
| Q1 24 | $17.8M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-41.0M | $-6.3M | ||
| Q2 25 | $-56.6M | $-10.9M | ||
| Q1 25 | $-38.6M | $-40.2M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-44.0M | $-9.9M | ||
| Q2 24 | $-36.5M | $-4.6M | ||
| Q1 24 | $-46.6M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | -77.7% | -10.9% | ||
| Q3 25 | -196.6% | -19.4% | ||
| Q2 25 | -244.1% | -30.5% | ||
| Q1 25 | -163.5% | -99.9% | ||
| Q4 24 | -191.8% | -36.6% | ||
| Q3 24 | -197.4% | -29.0% | ||
| Q2 24 | -170.5% | -14.3% | ||
| Q1 24 | -188.3% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -260.1% | -17.3% | ||
| Q2 25 | -313.2% | -28.3% | ||
| Q1 25 | -221.8% | -97.2% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | -244.1% | -24.5% | ||
| Q2 24 | -214.6% | -9.5% | ||
| Q1 24 | -261.1% | -15.2% |
| Q4 25 | $0.04 | $-0.02 | ||
| Q3 25 | $-0.30 | $-0.03 | ||
| Q2 25 | $-0.50 | $-0.06 | ||
| Q1 25 | $-0.36 | $-0.21 | ||
| Q4 24 | $-0.26 | $-0.06 | ||
| Q3 24 | $-0.42 | $-0.05 | ||
| Q2 24 | $-0.38 | $-0.02 | ||
| Q1 24 | $-0.56 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $232.1M |
| Total Assets | $323.1M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $104.5M | ||
| Q3 25 | $234.7M | $100.0M | ||
| Q2 25 | $264.6M | $105.0M | ||
| Q1 25 | $194.7M | $125.6M | ||
| Q4 24 | $250.9M | $142.5M | ||
| Q3 24 | $274.3M | $163.4M | ||
| Q2 24 | $300.1M | $187.4M | ||
| Q1 24 | $234.3M | $204.7M |
| Q4 25 | $-185.8M | $232.1M | ||
| Q3 25 | $-238.2M | $234.4M | ||
| Q2 25 | $-199.2M | $238.8M | ||
| Q1 25 | $-238.2M | $250.7M | ||
| Q4 24 | $-202.6M | $289.4M | ||
| Q3 24 | $-171.9M | $305.1M | ||
| Q2 24 | $-131.7M | $329.4M | ||
| Q1 24 | $-194.4M | $333.1M |
| Q4 25 | $323.1M | $320.9M | ||
| Q3 25 | $289.8M | $335.8M | ||
| Q2 25 | $321.6M | $354.0M | ||
| Q1 25 | $272.5M | $366.1M | ||
| Q4 24 | $322.0M | $420.2M | ||
| Q3 24 | $349.1M | $448.6M | ||
| Q2 24 | $371.8M | $475.3M | ||
| Q1 24 | $308.0M | $485.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $7.7M | ||
| Q3 25 | $-29.6M | $-2.1M | ||
| Q2 25 | $-24.1M | $-14.9M | ||
| Q1 25 | $-56.3M | $-12.2M | ||
| Q4 24 | $-21.9M | $-12.0M | ||
| Q3 24 | $-25.0M | $-3.7M | ||
| Q2 24 | $-32.8M | $-13.9M | ||
| Q1 24 | $-44.1M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | $-56.6M | $-14.3M | ||
| Q4 24 | $-21.9M | $-13.3M | ||
| Q3 24 | $-25.3M | $-3.9M | ||
| Q2 24 | $-32.9M | $-14.1M | ||
| Q1 24 | $-44.6M | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | -325.2% | -34.7% | ||
| Q4 24 | -129.8% | -37.5% | ||
| Q3 24 | -140.2% | -9.7% | ||
| Q2 24 | -193.0% | -29.1% | ||
| Q1 24 | -250.0% | -6.7% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 3.3% | ||
| Q1 25 | 1.5% | 5.3% | ||
| Q4 24 | 0.5% | 3.5% | ||
| Q3 24 | 1.2% | 0.6% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 3.0% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADCT
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
