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Side-by-side financial comparison of First Foundation Inc. (FFWM) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $36.5M, roughly 1.3× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -97.9%, a 89.0% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -15.0%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $36.5M |
| Net Profit | $-8.0M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -97.5% | -10.9% |
| Net Margin | -97.9% | -8.9% |
| Revenue YoY | 421.7% | 3.1% |
| Net Profit YoY | 43.0% | 71.6% |
| EPS (diluted) | $-0.09 | $-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 | $48.4M | $36.5M | ||
| Q3 25 | $63.6M | $36.2M | ||
| Q2 25 | $51.4M | $38.3M | ||
| Q1 25 | $71.4M | $41.3M | ||
| Q4 24 | $9.3M | $35.4M | ||
| Q3 24 | $9.2M | $40.5M | ||
| Q2 24 | $57.5M | $48.5M | ||
| Q1 24 | $51.1M | $50.5M |
| Q4 25 | $-8.0M | $-3.2M | ||
| Q3 25 | $-146.3M | $-6.3M | ||
| Q2 25 | $-7.7M | $-10.9M | ||
| Q1 25 | $6.9M | $-40.2M | ||
| Q4 24 | $-14.1M | $-11.4M | ||
| Q3 24 | $-82.2M | $-9.9M | ||
| Q2 24 | $3.1M | $-4.6M | ||
| Q1 24 | $793.0K | $-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 | -97.5% | -10.9% | ||
| Q3 25 | -92.7% | -19.4% | ||
| Q2 25 | -21.1% | -30.5% | ||
| Q1 25 | 8.8% | -99.9% | ||
| Q4 24 | -247.7% | -36.6% | ||
| Q3 24 | -1276.7% | -29.0% | ||
| Q2 24 | 4.6% | -14.3% | ||
| Q1 24 | -0.2% | -20.1% |
| Q4 25 | -97.9% | -8.9% | ||
| Q3 25 | -230.1% | -17.3% | ||
| Q2 25 | -15.0% | -28.3% | ||
| Q1 25 | 9.7% | -97.2% | ||
| Q4 24 | -152.2% | -32.3% | ||
| Q3 24 | -896.9% | -24.5% | ||
| Q2 24 | 5.4% | -9.5% | ||
| Q1 24 | 1.6% | -15.2% |
| Q4 25 | $-0.09 | $-0.02 | ||
| Q3 25 | $-1.78 | $-0.03 | ||
| Q2 25 | $-0.09 | $-0.06 | ||
| Q1 25 | $0.08 | $-0.21 | ||
| Q4 24 | $-0.24 | $-0.06 | ||
| Q3 24 | $-1.23 | $-0.05 | ||
| Q2 24 | $0.05 | $-0.02 | ||
| Q1 24 | $0.01 | $-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 | $1.6B | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $232.1M |
| Total Assets | $11.9B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $104.5M | ||
| Q3 25 | $1.7B | $100.0M | ||
| Q2 25 | $1.1B | $105.0M | ||
| Q1 25 | $1.0B | $125.6M | ||
| Q4 24 | $1.0B | $142.5M | ||
| Q3 24 | $1.1B | $163.4M | ||
| Q2 24 | $1.4B | $187.4M | ||
| Q1 24 | $1.6B | $204.7M |
| Q4 25 | $912.6M | $232.1M | ||
| Q3 25 | $917.9M | $234.4M | ||
| Q2 25 | $1.1B | $238.8M | ||
| Q1 25 | $1.1B | $250.7M | ||
| Q4 24 | $1.1B | $289.4M | ||
| Q3 24 | $1.1B | $305.1M | ||
| Q2 24 | $933.2M | $329.4M | ||
| Q1 24 | $928.7M | $333.1M |
| Q4 25 | $11.9B | $320.9M | ||
| Q3 25 | $11.9B | $335.8M | ||
| Q2 25 | $11.6B | $354.0M | ||
| Q1 25 | $12.6B | $366.1M | ||
| Q4 24 | $12.6B | $420.2M | ||
| Q3 24 | $13.4B | $448.6M | ||
| Q2 24 | $13.7B | $475.3M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $7.7M |
| Free Cash FlowOCF − Capex | $-35.2M | $7.7M |
| FCF MarginFCF / Revenue | -72.8% | 21.0% |
| Capex IntensityCapex / Revenue | 6.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $7.7M | ||
| Q3 25 | $9.2M | $-2.1M | ||
| Q2 25 | $-16.3M | $-14.9M | ||
| Q1 25 | $-552.0K | $-12.2M | ||
| Q4 24 | $-8.7M | $-12.0M | ||
| Q3 24 | $14.2M | $-3.7M | ||
| Q2 24 | $-9.1M | $-13.9M | ||
| Q1 24 | $7.2M | $-3.3M |
| Q4 25 | $-35.2M | $7.7M | ||
| Q3 25 | $8.6M | $-2.2M | ||
| Q2 25 | $-16.7M | $-16.2M | ||
| Q1 25 | $-2.5M | $-14.3M | ||
| Q4 24 | $-11.4M | $-13.3M | ||
| Q3 24 | $13.4M | $-3.9M | ||
| Q2 24 | $-9.4M | $-14.1M | ||
| Q1 24 | $5.9M | $-3.4M |
| Q4 25 | -72.8% | 21.0% | ||
| Q3 25 | 13.5% | -6.1% | ||
| Q2 25 | -32.4% | -42.3% | ||
| Q1 25 | -3.5% | -34.7% | ||
| Q4 24 | -123.5% | -37.5% | ||
| Q3 24 | 146.2% | -9.7% | ||
| Q2 24 | -16.3% | -29.1% | ||
| Q1 24 | 11.6% | -6.7% |
| Q4 25 | 6.9% | 0.0% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | 2.8% | 5.3% | ||
| Q4 24 | 29.4% | 3.5% | ||
| Q3 24 | 9.0% | 0.6% | ||
| Q2 24 | 0.4% | 0.5% | ||
| Q1 24 | 2.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
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% |
