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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
Vanda Pharmaceuticals Inc. is the larger business by last-quarter revenue ($57.2M vs $36.5M, roughly 1.6× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -246.8%, a 237.9% gap on every dollar of revenue. On growth, Vanda Pharmaceuticals Inc. posted the faster year-over-year revenue change (7.6% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-29.5M). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% 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.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
SMRT vs VNDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $36.5M | $57.2M |
| Net Profit | $-3.2M | $-141.2M |
| Gross Margin | 38.6% | — |
| Operating Margin | -10.9% | -70.5% |
| Net Margin | -8.9% | -246.8% |
| Revenue YoY | 3.1% | 7.6% |
| Net Profit YoY | 71.6% | -2774.3% |
| EPS (diluted) | $-0.02 | $-2.40 |
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 | $57.2M | ||
| Q3 25 | $36.2M | $56.3M | ||
| Q2 25 | $38.3M | $52.6M | ||
| Q1 25 | $41.3M | $50.0M | ||
| Q4 24 | $35.4M | $53.2M | ||
| Q3 24 | $40.5M | $47.7M | ||
| Q2 24 | $48.5M | $50.5M | ||
| Q1 24 | $50.5M | $47.5M |
| Q4 25 | $-3.2M | $-141.2M | ||
| Q3 25 | $-6.3M | $-22.6M | ||
| Q2 25 | $-10.9M | $-27.2M | ||
| Q1 25 | $-40.2M | $-29.5M | ||
| Q4 24 | $-11.4M | $-4.9M | ||
| Q3 24 | $-9.9M | $-5.3M | ||
| Q2 24 | $-4.6M | $-4.5M | ||
| Q1 24 | $-7.7M | $-4.1M |
| 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% | -70.5% | ||
| Q3 25 | -19.4% | -55.6% | ||
| Q2 25 | -30.5% | -73.2% | ||
| Q1 25 | -99.9% | -82.0% | ||
| Q4 24 | -36.6% | -19.3% | ||
| Q3 24 | -29.0% | -23.1% | ||
| Q2 24 | -14.3% | -20.1% | ||
| Q1 24 | -20.1% | -19.5% |
| Q4 25 | -8.9% | -246.8% | ||
| Q3 25 | -17.3% | -40.1% | ||
| Q2 25 | -28.3% | -51.7% | ||
| Q1 25 | -97.2% | -58.9% | ||
| Q4 24 | -32.3% | -9.2% | ||
| Q3 24 | -24.5% | -11.2% | ||
| Q2 24 | -9.5% | -9.0% | ||
| Q1 24 | -15.2% | -8.7% |
| Q4 25 | $-0.02 | $-2.40 | ||
| Q3 25 | $-0.03 | $-0.38 | ||
| Q2 25 | $-0.06 | $-0.46 | ||
| Q1 25 | $-0.21 | $-0.50 | ||
| Q4 24 | $-0.06 | $-0.09 | ||
| Q3 24 | $-0.05 | $-0.09 | ||
| Q2 24 | $-0.02 | $-0.08 | ||
| Q1 24 | $-0.04 | $-0.07 |
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 | $84.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $232.1M | $327.2M |
| Total Assets | $320.9M | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.5M | $84.9M | ||
| Q3 25 | $100.0M | $70.0M | ||
| Q2 25 | $105.0M | $81.0M | ||
| Q1 25 | $125.6M | $111.8M | ||
| Q4 24 | $142.5M | $102.3M | ||
| Q3 24 | $163.4M | $100.5M | ||
| Q2 24 | $187.4M | $103.0M | ||
| Q1 24 | $204.7M | $125.2M |
| Q4 25 | $232.1M | $327.2M | ||
| Q3 25 | $234.4M | $466.0M | ||
| Q2 25 | $238.8M | $486.3M | ||
| Q1 25 | $250.7M | $511.4M | ||
| Q4 24 | $289.4M | $538.5M | ||
| Q3 24 | $305.1M | $541.2M | ||
| Q2 24 | $329.4M | $542.5M | ||
| Q1 24 | $333.1M | $544.0M |
| Q4 25 | $320.9M | $488.9M | ||
| Q3 25 | $335.8M | $601.1M | ||
| Q2 25 | $354.0M | $624.7M | ||
| Q1 25 | $366.1M | $631.9M | ||
| Q4 24 | $420.2M | $656.2M | ||
| Q3 24 | $448.6M | $645.1M | ||
| Q2 24 | $475.3M | $651.4M | ||
| Q1 24 | $485.5M | $652.7M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | $7.7M | $-29.5M |
| FCF MarginFCF / Revenue | 21.0% | -51.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.1M | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $-29.4M | ||
| Q3 25 | $-2.1M | $-31.6M | ||
| Q2 25 | $-14.9M | $-15.3M | ||
| Q1 25 | $-12.2M | $-33.1M | ||
| Q4 24 | $-12.0M | $-1.8M | ||
| Q3 24 | $-3.7M | $-14.6M | ||
| Q2 24 | $-13.9M | $-6.9M | ||
| Q1 24 | $-3.3M | $7.6M |
| Q4 25 | $7.7M | $-29.5M | ||
| Q3 25 | $-2.2M | $-31.8M | ||
| Q2 25 | $-16.2M | $-15.6M | ||
| Q1 25 | $-14.3M | $-33.6M | ||
| Q4 24 | $-13.3M | $-2.0M | ||
| Q3 24 | $-3.9M | $-14.7M | ||
| Q2 24 | $-14.1M | $-7.0M | ||
| Q1 24 | $-3.4M | $7.6M |
| Q4 25 | 21.0% | -51.6% | ||
| Q3 25 | -6.1% | -56.5% | ||
| Q2 25 | -42.3% | -29.6% | ||
| Q1 25 | -34.7% | -67.1% | ||
| Q4 24 | -37.5% | -3.8% | ||
| Q3 24 | -9.7% | -30.9% | ||
| Q2 24 | -29.1% | -13.9% | ||
| Q1 24 | -6.7% | 15.9% |
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 3.3% | 0.6% | ||
| Q1 25 | 5.3% | 0.9% | ||
| Q4 24 | 3.5% | 0.4% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.5% | 0.2% | ||
| Q1 24 | 0.1% | 0.0% |
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% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
