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Side-by-side financial comparison of Primis Financial Corp. (FRST) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $36.5M, roughly 1.3× SmartRent, Inc.). Primis Financial Corp. runs the higher net margin — 16.0% vs -8.9%, a 24.9% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs -15.0%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $36.5M |
| Net Profit | $7.3M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | — | -10.9% |
| Net Margin | 16.0% | -8.9% |
| Revenue YoY | — | 3.1% |
| Net Profit YoY | 200.0% | 71.6% |
| EPS (diluted) | $0.30 | $-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 | $45.6M | — | ||
| Q4 25 | $80.9M | $36.5M | ||
| Q3 25 | $41.0M | $36.2M | ||
| Q2 25 | $43.2M | $38.3M | ||
| Q1 25 | $58.7M | $41.3M | ||
| Q4 24 | $38.8M | $35.4M | ||
| Q3 24 | $37.3M | $40.5M | ||
| Q2 24 | $35.7M | $48.5M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $-3.2M | ||
| Q3 25 | $6.8M | $-6.3M | ||
| Q2 25 | $2.4M | $-10.9M | ||
| Q1 25 | $22.6M | $-40.2M | ||
| Q4 24 | $-26.2M | $-11.4M | ||
| Q3 24 | $1.2M | $-9.9M | ||
| Q2 24 | $3.4M | $-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 | 44.8% | -10.9% | ||
| Q3 25 | 21.3% | -19.4% | ||
| Q2 25 | 6.9% | -30.5% | ||
| Q1 25 | 41.9% | -99.9% | ||
| Q4 24 | -123.0% | -36.6% | ||
| Q3 24 | -3.1% | -29.0% | ||
| Q2 24 | 7.8% | -14.3% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | -8.9% | ||
| Q3 25 | 16.7% | -17.3% | ||
| Q2 25 | 5.6% | -28.3% | ||
| Q1 25 | 38.6% | -97.2% | ||
| Q4 24 | -100.3% | -32.3% | ||
| Q3 24 | 3.3% | -24.5% | ||
| Q2 24 | 9.6% | -9.5% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $-0.02 | ||
| Q3 25 | $0.28 | $-0.03 | ||
| Q2 25 | $0.10 | $-0.06 | ||
| Q1 25 | $0.92 | $-0.21 | ||
| Q4 24 | $-0.95 | $-0.06 | ||
| Q3 24 | $0.05 | $-0.05 | ||
| Q2 24 | $0.14 | $-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 | $159.9M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $427.2M | $232.1M |
| Total Assets | $4.3B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $104.5M | ||
| Q3 25 | $63.9M | $100.0M | ||
| Q2 25 | $94.1M | $105.0M | ||
| Q1 25 | $57.0M | $125.6M | ||
| Q4 24 | $64.5M | $142.5M | ||
| Q3 24 | $77.3M | $163.4M | ||
| Q2 24 | $66.6M | $187.4M |
| Q1 26 | $427.2M | — | ||
| Q4 25 | $422.9M | $232.1M | ||
| Q3 25 | $382.2M | $234.4M | ||
| Q2 25 | $376.4M | $238.8M | ||
| Q1 25 | $375.6M | $250.7M | ||
| Q4 24 | $351.8M | $289.4M | ||
| Q3 24 | $381.0M | $305.1M | ||
| Q2 24 | $376.0M | $329.4M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $320.9M | ||
| Q3 25 | $4.0B | $335.8M | ||
| Q2 25 | $3.9B | $354.0M | ||
| Q1 25 | $3.7B | $366.1M | ||
| Q4 24 | $3.7B | $420.2M | ||
| Q3 24 | $4.0B | $448.6M | ||
| Q2 24 | $4.0B | $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 | $10.8M | $7.7M | ||
| Q3 25 | $-11.4M | $-2.1M | ||
| Q2 25 | $-41.0M | $-14.9M | ||
| Q1 25 | $34.4M | $-12.2M | ||
| Q4 24 | $19.5M | $-12.0M | ||
| Q3 24 | $6.1M | $-3.7M | ||
| Q2 24 | $52.3M | $-13.9M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | $18.3M | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | 47.3% | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 3.1% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.93× | — | ||
| Q2 24 | 15.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
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% |
