SmartRent, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $38.6m $430.8m $210.4m $215.2m $142.5m $104.5m
Restricted cash, current portion $1.3m $7.1m $495k
Accounts receivable, net $20.8m $45.5m $62.4m $61.9m $59.3m $47.4m
Inventory $17.6m $33.2m $75.7m $41.6m $35.3m $26.7m
Prepaid expenses and other current assets $3.8m $17.4m $9.2m $9.4m $11.9m $6.2m
Total current assets $87.7m $536.0m $378.4m $340.3m $257.6m $187.9m
Property and equipment, net $847k $1.9m $2.1m $1.4m $2.5m $5.1m
Goodwill $4.2m $12.7m $117.3m $117.3m $117.3m $92.3m
Intangible assets, net $3.6m $31.1m $27.2m $23.4m $19.5m
Other long-term assets $1.1m $10.8m $9.5m $12.2m $16.4m $16.0m
Deferred cost of revenue, current portion $6.8m $7.8m $13.5m $11.8m $8.7m $3.1m
Deferred cost of revenue $10.1m $18.3m $22.5m $11.3m $3.1m $121k
Accrued expenses and other current liabilities $9.6m $22.2m $34.4m $25.0m $27.2m $14.0m
Deferred revenue $34.2m $53.4m $59.9m $45.9m $52.6m $23.0m
Total assets $103.8m $579.7m $560.8m $509.8m $420.2m $320.9m
Accounts payable $2.3m $6.1m $18.4m $15.1m $8.7m $13.0m
Deferred revenue, current portion $19.3m $42.2m $80.0m $77.3m $35.1m $33.0m
Current portion of long-term debt $1.7m
Total current liabilities $32.8m $70.6m $132.8m $117.3m $71.0m $60.0m
Long-term debt, net $3.2m
Other long-term liabilities $516k $6.2m $3.9m $4.1m $7.1m $5.8m
Total liabilities $70.7m $130.2m $196.6m $167.3m $130.7m $88.8m
Convertible preferred stock, $0.0001 par value; 50,000 shares authorized as of December 31, 2025 and December 31, 2024; no shares of preferred stock issued and outstanding as of December 31, 2025 and December 31, 2024 111.4m 0 0 0
Class A common stock, $0.0001 par value; 500,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 189,677 and 192,049 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 19k 20k 20k 19k 19k
Additional paid-in capital $4.2m $604.1m $615.3m $628.2m $637.4m $645.1m
Accumulated deficit ($82.6m) ($154.6m) ($250.9m) ($285.5m) ($347.8m) ($413.3m)
Accumulated other comprehensive loss $235k $9k ($176k) ($216k) ($98k) $363k
Total liabilities, convertible preferred stock and stockholders' equity $103.8m $579.7m $560.8m $509.8m $420.2m $320.9m
Total stockholders' equity ($78.2m) $449.5m $364.2m $342.4m $289.4m $232.1m