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Side-by-side financial comparison of Finwise Bancorp (FINW) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $36.5M, roughly 1.2× SmartRent, Inc.). Finwise Bancorp runs the higher net margin — 6.4% vs -8.9%, a 15.3% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs -15.0%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $36.5M |
| Net Profit | $2.7M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | — | -10.9% |
| Net Margin | 6.4% | -8.9% |
| Revenue YoY | — | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $0.20 | $-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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $36.5M | ||
| Q3 25 | $36.7M | $36.2M | ||
| Q2 25 | $25.1M | $38.3M | ||
| Q1 25 | $22.1M | $41.3M | ||
| Q4 24 | $21.1M | $35.4M | ||
| Q3 24 | $20.8M | $40.5M | ||
| Q2 24 | $19.8M | $48.5M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-3.2M | ||
| Q3 25 | $4.9M | $-6.3M | ||
| Q2 25 | $4.1M | $-10.9M | ||
| Q1 25 | $3.2M | $-40.2M | ||
| Q4 24 | $2.8M | $-11.4M | ||
| Q3 24 | $3.5M | $-9.9M | ||
| Q2 24 | $3.2M | $-4.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | -10.9% | ||
| Q3 25 | 17.5% | -19.4% | ||
| Q2 25 | 21.7% | -30.5% | ||
| Q1 25 | 20.1% | -99.9% | ||
| Q4 24 | 17.5% | -36.6% | ||
| Q3 24 | 22.2% | -29.0% | ||
| Q2 24 | 21.1% | -14.3% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -8.9% | ||
| Q3 25 | 13.3% | -17.3% | ||
| Q2 25 | 16.3% | -28.3% | ||
| Q1 25 | 14.4% | -97.2% | ||
| Q4 24 | 13.2% | -32.3% | ||
| Q3 24 | 16.6% | -24.5% | ||
| Q2 24 | 16.1% | -9.5% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-0.02 | ||
| Q3 25 | $0.34 | $-0.03 | ||
| Q2 25 | $0.29 | $-0.06 | ||
| Q1 25 | $0.23 | $-0.21 | ||
| Q4 24 | $0.19 | $-0.06 | ||
| Q3 24 | $0.25 | $-0.05 | ||
| Q2 24 | $0.24 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $196.6M | $232.1M |
| Total Assets | $899.4M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $104.5M | ||
| Q3 25 | $105.6M | $100.0M | ||
| Q2 25 | $90.1M | $105.0M | ||
| Q1 25 | $120.3M | $125.6M | ||
| Q4 24 | $109.2M | $142.5M | ||
| Q3 24 | $85.8M | $163.4M | ||
| Q2 24 | $89.0M | $187.4M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $232.1M | ||
| Q3 25 | $187.8M | $234.4M | ||
| Q2 25 | $182.0M | $238.8M | ||
| Q1 25 | $177.4M | $250.7M | ||
| Q4 24 | $173.7M | $289.4M | ||
| Q3 24 | $170.4M | $305.1M | ||
| Q2 24 | $165.8M | $329.4M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $320.9M | ||
| Q3 25 | $899.9M | $335.8M | ||
| Q2 25 | $842.5M | $354.0M | ||
| Q1 25 | $804.1M | $366.1M | ||
| Q4 24 | $746.0M | $420.2M | ||
| Q3 24 | $683.0M | $448.6M | ||
| Q2 24 | $617.8M | $475.3M |
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 | — | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $7.7M | ||
| Q3 25 | $3.5M | $-2.1M | ||
| Q2 25 | $-18.3M | $-14.9M | ||
| Q1 25 | $-21.6M | $-12.2M | ||
| Q4 24 | $-15.0M | $-12.0M | ||
| Q3 24 | $-9.8M | $-3.7M | ||
| Q2 24 | $-7.6M | $-13.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $7.7M | ||
| Q3 25 | $3.4M | $-2.2M | ||
| Q2 25 | $-19.8M | $-16.2M | ||
| Q1 25 | $-23.3M | $-14.3M | ||
| Q4 24 | $-16.1M | $-13.3M | ||
| Q3 24 | $-13.4M | $-3.9M | ||
| Q2 24 | $-7.7M | $-14.1M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | 21.0% | ||
| Q3 25 | 9.4% | -6.1% | ||
| Q2 25 | -79.0% | -42.3% | ||
| Q1 25 | -105.3% | -34.7% | ||
| Q4 24 | -76.0% | -37.5% | ||
| Q3 24 | -64.3% | -9.7% | ||
| Q2 24 | -38.7% | -29.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.0% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 5.8% | 3.3% | ||
| Q1 25 | 7.4% | 5.3% | ||
| Q4 24 | 5.1% | 3.5% | ||
| Q3 24 | 17.2% | 0.6% | ||
| Q2 24 | 0.3% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
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% |
