← SmartRent, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($37.1m) | ($72.0m) | ($96.3m) | ($34.6m) | ($33.6m) | ($60.6m) | — | |
| Depreciation and amortization | $295k | $463k | $4.3m | $5.5m | $6.5m | $8.4m | $8.9m | |
| Stock-based compensation related to acquisition | $707k | $812k | $811k | $109k | — | — | $10.1m | |
| Stock-based compensation | $1.1m | $7.3m | $12.9m | $13.2m | $12.1m | $8.8m | $10.1m | |
| Taxes paid related to net share settlements of stock-based compensation awards | $83k | $14k | ($4.0m) | ($1.9m) | ($2.0m) | ($1.4m) | — | |
| Impairment of investment in non-affiliate | — | — | — | — | $2.2m | — | — | |
| Goodwill impairment | — | — | — | — | $0 | $24.9m | $0 | |
| Accounts receivable | ($13.5m) | ($24.0m) | ($15.9m) | ($177k) | $1.1m | $12.9m | $21.2m | |
| Provision for excess and obsolete inventory | $778k | ($39k) | $117k | $2.5m | $2.6m | $4.2m | — | |
| Inventory | ($11.1m) | ($15.8m) | ($42.8m) | $31.7m | ($1.3m) | $4.5m | $8.1m | |
| Accounts payable | ($72k) | $3.8m | $12.4m | ($3.5m) | ($6.4m) | $4.2m | ($3.2m) | |
| 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) | — | |
| Accrued property and equipment at period end | $32k | $25k | $110k | $9k | $136k | $24k | — | |
| Prepaid expenses and other assets | $1.0m | ($11.3m) | $2.4m | $838k | $4.5m | $6.6m | — | |
| Net cash (used in) provided by operating activities | ($28.5m) |
($70.4m)
-147.02%
|
($81.0m)
-15.15%
|
$6.0m
+107.38%
|
($32.9m)
-650.29%
|
($21.6m)
+34.45%
|
($706k)
+96.73%
|
|
| Purchase of property and equipment | ($298k) | ($1.5m) | ($1.1m) | ($147k) | ($1.8m) | ($3.6m) | ($5.7m) | |
| Net cash used in investing activities | ($2.7m) | ($9.4m) | ($130.8m) | ($6.0m) | ($7.6m) | ($8.6m) | ($5.7m) | |
| Payments for repurchases of Class A common stock | — | — | — | — | ($28.6m) | ($4.9m) | — | |
| Net cash used in financing activities | $48.2m |
$473.9m
+882.82%
|
($2.8m)
-100.59%
|
($1.9m)
+31.99%
|
($33.0m)
-1630.29%
|
($7.4m)
+77.42%
|
($5.3m)
+28.80%
|
|
| Cash, cash equivalents, and restricted cash - beginning of period | $38.6m | $432.6m | $217.7m | $215.7m | $142.5m | $104.5m | — | |
| Net decrease in cash, cash equivalents, and restricted cash | $17.2m | $394.0m | ($214.9m) | ($2.0m) | ($73.2m) | ($37.9m) | — | |
| Restricted cash, current portion | — | $1.3m | $7.1m | $495k | — | — | — | |
| Effect of exchange rate changes on cash and cash equivalents | $143k | ($191k) | ($264k) | ($57k) | $247k | ($288k) | ($655k) | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| 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 | — | |
| Compensation expense related to acquisition | $3.4m | — | $5.0m | $2.1m | — | — | — | |
| Change in fair value of earnout related to acquisition | — | — | $310k | $412k | ($960k) | ($294k) | — | |
| Non-cash interest expense | $100k | $11k | $107k | $139k | $146k | $138k | — | |
| (Recovery of) Provision for expected credit losses | — | — | $242k | $819k | $1.4m | ($666k) | — | |
| Non-cash legal expense (Note 12 "Commitments and Contingencies") | — | — | — | — | $5.0m | — | — | |
| Deferred cost of revenue | ($8.6m) |
($9.3m)
-8.52%
|
($9.9m)
-6.07%
|
$13.0m
+231.61%
|
$11.2m
-13.52%
|
$8.6m
-23.42%
|
— | |
| Lease liabilities | ($36k) | ($449k) | ($1.3m) | ($1.2m) | ($1.5m) | ($592k) | — | |
| Payments for investment in non-affiliate | — | — | — | ($2.2m) | — | — | — | |
| 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) | — | |
| Cash and cash equivalents | $38.6m | $430.8m | $210.4m | $215.2m | $142.5m | $104.5m | $105.0m | |
| Interest paid | $459k | $254k | $146k | $97k | $259k | $203k | $210k | |
| Cash paid for income taxes | $83k | $14k | $197k | $78k | $236k | $402k | — | |
| Right-of-use ("ROU") assets obtained in exchange for new lease liabilities | — | — | $2.8m | $0 | $6.2m | $0 | — | |
| Stock repurchases excise tax charged to equity | — | — | — | — | $127k | $3k | — |