SmartRent, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $295k $463k $4.3m $5.5m $6.5m $8.4m
Impairment of investment in non-affiliate $2.2m
Goodwill impairment $0 $24.9m
Non-cash interest expense $100k $11k $107k $139k $146k $138k
Net loss ($37.1m) ($72.0m) ($96.3m) ($34.6m) ($33.6m) ($60.6m)
Non-employee warrant expense $481k $931k $289k ($193k)
(Recovery of) provision for warranty expense $3.4m $7.6m ($784k) $2.1m ($1.3m) ($663k)
Non-cash lease expense $461k $621k $1.4m $1.1m $1.4m $999k
Stock-based compensation related to acquisition $707k $812k $811k $109k
Stock-based compensation $1.1m $7.3m $12.9m $13.2m $12.1m $8.8m
Compensation expense related to acquisition $3.4m $5.0m $2.1m
Change in fair value of earnout related to acquisition $310k $412k ($960k) ($294k)
Provision for excess and obsolete inventory $778k ($39k) $117k $2.5m $2.6m $4.2m
(Recovery of) Provision for expected credit losses $242k $819k $1.4m ($666k)
Non-cash legal expense (Note 12 "Commitments and Contingencies") $5.0m
Accounts receivable ($13.5m) ($24.0m) ($15.9m) ($177k) $1.1m $12.9m
Inventory ($11.1m) ($15.8m) ($42.8m) $31.7m ($1.3m) $4.5m
Deferred cost of revenue ($8.6m) ($9.3m) ($9.9m) $13.0m $11.2m $8.6m
Prepaid expenses and other assets $1.0m ($11.3m) $2.4m $838k $4.5m $6.6m
Accounts payable ($72k) $3.8m $12.4m ($3.5m) ($6.4m) $4.2m
Accrued expenses and other liabilities ($3.2m) $1.6m $3.2m ($11.0m) ($658k) ($11.3m)
Deferred revenue $32.8m $38.9m $43.7m ($16.8m) ($35.5m) ($31.7m)
Lease liabilities ($36k) ($449k) ($1.3m) ($1.2m) ($1.5m) ($592k)
Payments for investment in non-affiliate ($2.2m)
Purchase of property and equipment ($298k) ($1.5m) ($1.1m) ($147k) ($1.8m) ($3.6m)
Capitalized software costs $0 ($3.2m) ($3.6m) ($5.8m) ($5.1m)
Proceeds from options exercise $186k $913k ($1.5m)
Proceeds from ESPP purchases $1.1m $809k $586k $285k
Payment of earnout related to acquisition ($1.7m) ($1.5m) ($1.5m)
Right-of-use ("ROU") assets obtained in exchange for new lease liabilities $2.8m $0 $6.2m $0
Accrued property and equipment at period end $32k $25k $110k $9k $136k $24k
Stock repurchases excise tax charged to equity $127k $3k
Net cash (used in) provided by operating activities ($28.5m) ($70.4m) ($81.0m) $6.0m ($32.9m) ($21.6m)
Net cash used in investing activities ($2.7m) ($9.4m) ($130.8m) ($6.0m) ($7.6m) ($8.6m)
Payments for repurchases of Class A common stock ($28.6m) ($4.9m)
Net cash used in financing activities $48.2m $473.9m ($2.8m) ($1.9m) ($33.0m) ($7.4m)
Effect of exchange rate changes on cash and cash equivalents $143k ($191k) ($264k) ($57k) $247k ($288k)
Net decrease in cash, cash equivalents, and restricted cash $17.2m $394.0m ($214.9m) ($2.0m) ($73.2m) ($37.9m)
Cash, cash equivalents, and restricted cash - beginning of period $38.6m $432.6m $217.7m $215.7m $142.5m $104.5m
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
Interest paid $459k $254k $146k $97k $259k $203k
Taxes paid related to net share settlements of stock-based compensation awards $83k $14k ($4.0m) ($1.9m) ($2.0m) ($1.4m)
Cash paid for income taxes $83k $14k $197k $78k $236k $402k