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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
ALERUS FINANCIAL CORP is the larger business by last-quarter revenue ($45.2M vs $36.5M, roughly 1.2× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -73.2%, a 64.3% gap on every dollar of revenue. On growth, ALERUS FINANCIAL CORP posted the faster year-over-year revenue change (18.0% vs 3.1%). ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $7.7M). Over the past eight quarters, ALERUS FINANCIAL CORP's revenue compounded faster (-2.5% CAGR vs -15.0%).
Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota, Wisconsin, and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services.
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.
ALRS vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.2M | $36.5M |
| Net Profit | $-33.1M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -96.0% | -10.9% |
| Net Margin | -73.2% | -8.9% |
| Revenue YoY | 18.0% | 3.1% |
| Net Profit YoY | -49232.8% | 71.6% |
| EPS (diluted) | $-1.27 | $-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 | $45.2M | $36.5M | ||
| Q3 25 | $72.6M | $36.2M | ||
| Q2 25 | $74.8M | $38.3M | ||
| Q1 25 | $68.8M | $41.3M | ||
| Q4 24 | $72.2M | $35.4M | ||
| Q3 24 | $50.9M | $40.5M | ||
| Q2 24 | $51.4M | $48.5M | ||
| Q1 24 | $47.5M | $50.5M |
| Q4 25 | $-33.1M | $-3.2M | ||
| Q3 25 | $16.9M | $-6.3M | ||
| Q2 25 | $20.3M | $-10.9M | ||
| Q1 25 | $13.3M | $-40.2M | ||
| Q4 24 | $-67.0K | $-11.4M | ||
| Q3 24 | $5.2M | $-9.9M | ||
| Q2 24 | $6.2M | $-4.6M | ||
| Q1 24 | $6.4M | $-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 | -96.0% | -10.9% | ||
| Q3 25 | 30.4% | -19.4% | ||
| Q2 25 | 35.2% | -30.5% | ||
| Q1 25 | 25.5% | -99.9% | ||
| Q4 24 | -0.8% | -36.6% | ||
| Q3 24 | 13.4% | -29.0% | ||
| Q2 24 | 15.8% | -14.3% | ||
| Q1 24 | 17.9% | -20.1% |
| Q4 25 | -73.2% | -8.9% | ||
| Q3 25 | 23.3% | -17.3% | ||
| Q2 25 | 27.1% | -28.3% | ||
| Q1 25 | 19.4% | -97.2% | ||
| Q4 24 | -0.2% | -32.3% | ||
| Q3 24 | 10.2% | -24.5% | ||
| Q2 24 | 12.1% | -9.5% | ||
| Q1 24 | 13.5% | -15.2% |
| Q4 25 | $-1.27 | $-0.02 | ||
| Q3 25 | $0.65 | $-0.03 | ||
| Q2 25 | $0.78 | $-0.06 | ||
| Q1 25 | $0.52 | $-0.21 | ||
| Q4 24 | $-0.06 | $-0.06 | ||
| Q3 24 | $0.26 | $-0.05 | ||
| Q2 24 | $0.31 | $-0.02 | ||
| Q1 24 | $0.32 | $-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 | $67.2M | $104.5M |
| Total DebtLower is stronger | $59.2M | — |
| Stockholders' EquityBook value | $564.9M | $232.1M |
| Total Assets | $5.2B | $320.9M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.2M | $104.5M | ||
| Q3 25 | $92.0M | $100.0M | ||
| Q2 25 | $80.9M | $105.0M | ||
| Q1 25 | $83.0M | $125.6M | ||
| Q4 24 | $61.2M | $142.5M | ||
| Q3 24 | $66.0M | $163.4M | ||
| Q2 24 | $438.1M | $187.4M | ||
| Q1 24 | $545.8M | $204.7M |
| Q4 25 | $59.2M | — | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $59.1M | — | ||
| Q1 25 | $59.1M | — | ||
| Q4 24 | $59.1M | — | ||
| Q3 24 | $59.0M | — | ||
| Q2 24 | $59.0M | — | ||
| Q1 24 | $59.0M | — |
| Q4 25 | $564.9M | $232.1M | ||
| Q3 25 | $550.7M | $234.4M | ||
| Q2 25 | $533.2M | $238.8M | ||
| Q1 25 | $514.2M | $250.7M | ||
| Q4 24 | $495.4M | $289.4M | ||
| Q3 24 | $386.5M | $305.1M | ||
| Q2 24 | $373.2M | $329.4M | ||
| Q1 24 | $371.6M | $333.1M |
| Q4 25 | $5.2B | $320.9M | ||
| Q3 25 | $5.3B | $335.8M | ||
| Q2 25 | $5.3B | $354.0M | ||
| Q1 25 | $5.3B | $366.1M | ||
| Q4 24 | $5.3B | $420.2M | ||
| Q3 24 | $4.4B | $448.6M | ||
| Q2 24 | $4.4B | $475.3M | ||
| Q1 24 | $4.3B | $485.5M |
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
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 | $67.5M | $7.7M |
| Free Cash FlowOCF − Capex | $58.8M | $7.7M |
| FCF MarginFCF / Revenue | 130.2% | 21.0% |
| Capex IntensityCapex / Revenue | 19.3% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.4M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $7.7M | ||
| Q3 25 | $32.8M | $-2.1M | ||
| Q2 25 | $10.7M | $-14.9M | ||
| Q1 25 | $7.7M | $-12.2M | ||
| Q4 24 | $21.7M | $-12.0M | ||
| Q3 24 | $20.2M | $-3.7M | ||
| Q2 24 | $-12.5M | $-13.9M | ||
| Q1 24 | $11.7M | $-3.3M |
| Q4 25 | $58.8M | $7.7M | ||
| Q3 25 | $30.3M | $-2.2M | ||
| Q2 25 | $7.6M | $-16.2M | ||
| Q1 25 | $5.7M | $-14.3M | ||
| Q4 24 | $9.4M | $-13.3M | ||
| Q3 24 | $17.4M | $-3.9M | ||
| Q2 24 | $-16.1M | $-14.1M | ||
| Q1 24 | $10.8M | $-3.4M |
| Q4 25 | 130.2% | 21.0% | ||
| Q3 25 | 41.8% | -6.1% | ||
| Q2 25 | 10.1% | -42.3% | ||
| Q1 25 | 8.2% | -34.7% | ||
| Q4 24 | 13.0% | -37.5% | ||
| Q3 24 | 34.2% | -9.7% | ||
| Q2 24 | -31.4% | -29.1% | ||
| Q1 24 | 22.8% | -6.7% |
| Q4 25 | 19.3% | 0.0% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 4.2% | 3.3% | ||
| Q1 25 | 3.0% | 5.3% | ||
| Q4 24 | 17.1% | 3.5% | ||
| Q3 24 | 5.4% | 0.6% | ||
| Q2 24 | 7.2% | 0.5% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 1.94× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.88× | — | ||
| Q2 24 | -2.01× | — | ||
| Q1 24 | 1.82× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRS
| Other | $17.3M | 38% |
| Retirement And Benefit Services | $17.3M | 38% |
| Wealth Management | $7.4M | 16% |
| Mortgage Banking | $3.2M | 7% |
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% |
