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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $35.3M, roughly 1.0× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -8.9%, a 52.8% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 3.1%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $7.7M). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% CAGR vs -15.0%).
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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
SMRT vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $36.5M | $35.3M |
| Net Profit | $-3.2M | $15.5M |
| Gross Margin | 38.6% | — |
| Operating Margin | -10.9% | 55.8% |
| Net Margin | -8.9% | 43.9% |
| Revenue YoY | 3.1% | 24.2% |
| Net Profit YoY | 71.6% | 34.5% |
| EPS (diluted) | $-0.02 | $1.52 |
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 | $36.5M | $35.3M | ||
| Q3 25 | $36.2M | $32.8M | ||
| Q2 25 | $38.3M | $34.4M | ||
| Q1 25 | $41.3M | $29.4M | ||
| Q4 24 | $35.4M | $28.4M | ||
| Q3 24 | $40.5M | $27.7M | ||
| Q2 24 | $48.5M | $25.5M | ||
| Q1 24 | $50.5M | $25.6M |
| Q4 25 | $-3.2M | $15.5M | ||
| Q3 25 | $-6.3M | $14.4M | ||
| Q2 25 | $-10.9M | $16.5M | ||
| Q1 25 | $-40.2M | $11.6M | ||
| Q4 24 | $-11.4M | $11.5M | ||
| Q3 24 | $-9.9M | $10.9M | ||
| Q2 24 | $-4.6M | $9.5M | ||
| Q1 24 | $-7.7M | $9.6M |
| 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 | -10.9% | 55.8% | ||
| Q3 25 | -19.4% | 57.5% | ||
| Q2 25 | -30.5% | 62.6% | ||
| Q1 25 | -99.9% | 52.6% | ||
| Q4 24 | -36.6% | 51.0% | ||
| Q3 24 | -29.0% | 52.7% | ||
| Q2 24 | -14.3% | 49.3% | ||
| Q1 24 | -20.1% | 50.0% |
| Q4 25 | -8.9% | 43.9% | ||
| Q3 25 | -17.3% | 43.8% | ||
| Q2 25 | -28.3% | 48.0% | ||
| Q1 25 | -97.2% | 39.5% | ||
| Q4 24 | -32.3% | 40.5% | ||
| Q3 24 | -24.5% | 39.4% | ||
| Q2 24 | -9.5% | 37.1% | ||
| Q1 24 | -15.2% | 37.5% |
| Q4 25 | $-0.02 | $1.52 | ||
| Q3 25 | $-0.03 | $1.41 | ||
| Q2 25 | $-0.06 | $1.61 | ||
| Q1 25 | $-0.21 | $1.13 | ||
| Q4 24 | $-0.06 | $1.13 | ||
| Q3 24 | $-0.05 | $1.07 | ||
| Q2 24 | $-0.02 | $0.92 | ||
| Q1 24 | $-0.04 | $0.94 |
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 | $232.1M | $345.6M |
| Total Assets | $320.9M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.5M | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $105.0M | — | ||
| Q1 25 | $125.6M | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | $163.4M | — | ||
| Q2 24 | $187.4M | — | ||
| Q1 24 | $204.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $232.1M | $345.6M | ||
| Q3 25 | $234.4M | $334.0M | ||
| Q2 25 | $238.8M | $319.8M | ||
| Q1 25 | $250.7M | $306.1M | ||
| Q4 24 | $289.4M | $295.6M | ||
| Q3 24 | $305.1M | $284.3M | ||
| Q2 24 | $329.4M | $273.4M | ||
| Q1 24 | $333.1M | $266.8M |
| Q4 25 | $320.9M | $3.0B | ||
| Q3 25 | $335.8M | $2.9B | ||
| Q2 25 | $354.0M | $2.9B | ||
| Q1 25 | $366.1M | $2.8B | ||
| Q4 24 | $420.2M | $2.7B | ||
| Q3 24 | $448.6M | $2.6B | ||
| Q2 24 | $475.3M | $2.6B | ||
| Q1 24 | $485.5M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $44.9M |
| Free Cash FlowOCF − Capex | $7.7M | $44.3M |
| FCF MarginFCF / Revenue | 21.0% | 125.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-25.1M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $44.9M | ||
| Q3 25 | $-2.1M | $45.5M | ||
| Q2 25 | $-14.9M | $-25.3M | ||
| Q1 25 | $-12.2M | $17.9M | ||
| Q4 24 | $-12.0M | $48.0M | ||
| Q3 24 | $-3.7M | $17.7M | ||
| Q2 24 | $-13.9M | $-8.4M | ||
| Q1 24 | $-3.3M | $15.8M |
| Q4 25 | $7.7M | $44.3M | ||
| Q3 25 | $-2.2M | $45.3M | ||
| Q2 25 | $-16.2M | $-25.5M | ||
| Q1 25 | $-14.3M | $17.6M | ||
| Q4 24 | $-13.3M | $47.3M | ||
| Q3 24 | $-3.9M | $17.5M | ||
| Q2 24 | $-14.1M | $-8.6M | ||
| Q1 24 | $-3.4M | $15.7M |
| Q4 25 | 21.0% | 125.7% | ||
| Q3 25 | -6.1% | 138.1% | ||
| Q2 25 | -42.3% | -74.2% | ||
| Q1 25 | -34.7% | 59.9% | ||
| Q4 24 | -37.5% | 166.5% | ||
| Q3 24 | -9.7% | 63.3% | ||
| Q2 24 | -29.1% | -33.7% | ||
| Q1 24 | -6.7% | 61.4% |
| Q4 25 | 0.0% | 1.6% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 3.3% | 0.5% | ||
| Q1 25 | 5.3% | 1.0% | ||
| Q4 24 | 3.5% | 2.4% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 0.1% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
UNTY
Segment breakdown not available.
