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Side-by-side financial comparison of NeuroPace Inc (NPCE) 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 $26.6M, roughly 1.4× NeuroPace Inc). SmartRent, Inc. runs the higher net margin — -8.9% vs -10.3%, a 1.4% gap on every dollar of revenue. On growth, NeuroPace Inc posted the faster year-over-year revenue change (23.9% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $409.0K). Over the past eight quarters, NeuroPace Inc's revenue compounded faster (21.1% CAGR vs -15.0%).
NeuroPace Inc is a medical technology company focused on developing and commercializing innovative implantable neurostimulation systems to treat neurological disorders, primarily drug-resistant epilepsy. Its core RNS System delivers personalized responsive stimulation to reduce seizure frequency, serving patients across North America and select global markets via partnerships with healthcare providers.
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.
NPCE vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $36.5M |
| Net Profit | $-2.7M | $-3.2M |
| Gross Margin | 77.4% | 38.6% |
| Operating Margin | -6.6% | -10.9% |
| Net Margin | -10.3% | -8.9% |
| Revenue YoY | 23.9% | 3.1% |
| Net Profit YoY | 48.0% | 71.6% |
| EPS (diluted) | $-0.08 | $-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 | $26.6M | $36.5M | ||
| Q3 25 | $27.4M | $36.2M | ||
| Q2 25 | $23.5M | $38.3M | ||
| Q1 25 | $22.5M | $41.3M | ||
| Q4 24 | $21.5M | $35.4M | ||
| Q3 24 | $21.1M | $40.5M | ||
| Q2 24 | $19.3M | $48.5M | ||
| Q1 24 | $18.1M | $50.5M |
| Q4 25 | $-2.7M | $-3.2M | ||
| Q3 25 | $-3.5M | $-6.3M | ||
| Q2 25 | $-8.7M | $-10.9M | ||
| Q1 25 | $-6.6M | $-40.2M | ||
| Q4 24 | $-5.3M | $-11.4M | ||
| Q3 24 | $-5.5M | $-9.9M | ||
| Q2 24 | $-7.5M | $-4.6M | ||
| Q1 24 | $-8.9M | $-7.7M |
| Q4 25 | 77.4% | 38.6% | ||
| Q3 25 | 77.4% | 26.4% | ||
| Q2 25 | 77.1% | 33.1% | ||
| Q1 25 | 77.0% | 32.8% | ||
| Q4 24 | 75.4% | 28.7% | ||
| Q3 24 | 73.2% | 33.2% | ||
| Q2 24 | 73.4% | 35.7% | ||
| Q1 24 | 73.6% | 38.5% |
| Q4 25 | -6.6% | -10.9% | ||
| Q3 25 | -9.5% | -19.4% | ||
| Q2 25 | -29.0% | -30.5% | ||
| Q1 25 | -22.9% | -99.9% | ||
| Q4 24 | -17.0% | -36.6% | ||
| Q3 24 | -20.1% | -29.0% | ||
| Q2 24 | -32.4% | -14.3% | ||
| Q1 24 | -41.6% | -20.1% |
| Q4 25 | -10.3% | -8.9% | ||
| Q3 25 | -12.8% | -17.3% | ||
| Q2 25 | -36.8% | -28.3% | ||
| Q1 25 | -29.3% | -97.2% | ||
| Q4 24 | -24.5% | -32.3% | ||
| Q3 24 | -25.9% | -24.5% | ||
| Q2 24 | -39.0% | -9.5% | ||
| Q1 24 | -49.2% | -15.2% |
| Q4 25 | $-0.08 | $-0.02 | ||
| Q3 25 | $-0.11 | $-0.03 | ||
| Q2 25 | $-0.26 | $-0.06 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.16 | $-0.06 | ||
| Q3 24 | $-0.19 | $-0.05 | ||
| Q2 24 | $-0.26 | $-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 | $61.1M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $232.1M |
| Total Assets | $105.6M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.1M | $104.5M | ||
| Q3 25 | $60.0M | $100.0M | ||
| Q2 25 | $62.1M | $105.0M | ||
| Q1 25 | $66.3M | $125.6M | ||
| Q4 24 | $52.8M | $142.5M | ||
| Q3 24 | $56.8M | $163.4M | ||
| Q2 24 | $55.5M | $187.4M | ||
| Q1 24 | $58.9M | $204.7M |
| Q4 25 | $19.0M | $232.1M | ||
| Q3 25 | $18.5M | $234.4M | ||
| Q2 25 | $19.4M | $238.8M | ||
| Q1 25 | $24.3M | $250.7M | ||
| Q4 24 | $8.0M | $289.4M | ||
| Q3 24 | $9.8M | $305.1M | ||
| Q2 24 | $9.9M | $329.4M | ||
| Q1 24 | $14.3M | $333.1M |
| Q4 25 | $105.6M | $320.9M | ||
| Q3 25 | $107.3M | $335.8M | ||
| Q2 25 | $106.1M | $354.0M | ||
| Q1 25 | $110.2M | $366.1M | ||
| Q4 24 | $94.6M | $420.2M | ||
| Q3 24 | $96.3M | $448.6M | ||
| Q2 24 | $94.4M | $475.3M | ||
| Q1 24 | $98.9M | $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 | $506.0K | $7.7M |
| Free Cash FlowOCF − Capex | $409.0K | $7.7M |
| FCF MarginFCF / Revenue | 1.5% | 21.0% |
| Capex IntensityCapex / Revenue | 0.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.3M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $506.0K | $7.7M | ||
| Q3 25 | $-1.9M | $-2.1M | ||
| Q2 25 | $-2.1M | $-14.9M | ||
| Q1 25 | $-7.5M | $-12.2M | ||
| Q4 24 | $-4.8M | $-12.0M | ||
| Q3 24 | $-1.7M | $-3.7M | ||
| Q2 24 | $-3.9M | $-13.9M | ||
| Q1 24 | $-7.5M | $-3.3M |
| Q4 25 | $409.0K | $7.7M | ||
| Q3 25 | $-2.0M | $-2.2M | ||
| Q2 25 | $-2.3M | $-16.2M | ||
| Q1 25 | $-7.5M | $-14.3M | ||
| Q4 24 | $-4.8M | $-13.3M | ||
| Q3 24 | $-1.8M | $-3.9M | ||
| Q2 24 | $-4.0M | $-14.1M | ||
| Q1 24 | $-7.6M | $-3.4M |
| Q4 25 | 1.5% | 21.0% | ||
| Q3 25 | -7.2% | -6.1% | ||
| Q2 25 | -9.6% | -42.3% | ||
| Q1 25 | -33.4% | -34.7% | ||
| Q4 24 | -22.5% | -37.5% | ||
| Q3 24 | -8.7% | -9.7% | ||
| Q2 24 | -20.6% | -29.1% | ||
| Q1 24 | -42.1% | -6.7% |
| Q4 25 | 0.4% | 0.0% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 0.7% | 3.3% | ||
| Q1 25 | 0.2% | 5.3% | ||
| Q4 24 | 0.2% | 3.5% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.3% | 0.5% | ||
| Q1 24 | 0.6% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPCE
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% |
