SmartRent, Inc. (SMRT)
NYSE: SMRT · Services-Computer Integrated Systems Design · Phoenix, AZ · filing with the SEC since 2020
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Mar 4, 2026 | Mar 5, 2025 | Mar 5, 2024 | Mar 8, 2023 | Mar 25, 2022 | · |
| Revenue | 152,326 | 174,885 | 236,838 | 167,821 | 110,637 | 52,534 |
| For lenders | ||||||
| Interest and dividend income | 4,299 | 8,642 | 8,977 | · | · | · |
| Interest expense on deposits and borrowings | 378 | 400 | 397 | · | · | · |
| Net interest income | · | 8,242 | 8,580 | 1,946 | -249 | -559 |
| Provision for credit losses | · | · | 1,104 | 1,405 | 621 | 461 |
| Cost of revenue | 102,457 | 114,547 | 187,309 | 166,473 | 120,710 | 56,831 |
| Research and development | 26,224 | 29,369 | 28,805 | 29,422 | 21,572 | 9,406 |
| Sales and marketing | 19,451 | 18,446 | 19,209 | 20,872 | 14,017 | 5,429 |
| General and administrative | 43,241 | 54,295 | 44,674 | 55,305 | 25,990 | 16,584 |
| Total operating expenses | 88,916 | 102,110 | 92,688 | 105,599 | 61,579 | 31,419 |
| Operating income | -63,976 | -41,772 | -43,159 | -104,251 | -71,652 | -35,716 |
| Other income (expense), net | -462 | 154 | -116 | 595 | 55 | -685 |
| Income before income taxes | -60,517 | -33,376 | -34,695 | -101,710 | -71,846 | -36,960 |
| Income tax expense | 41 | 267 | -108 | -5,388 | 115 | 149 |
| Net income including non-controlling interests | -60,558 | -33,643 | -34,587 | -96,322 | -71,961 | -37,109 |
| Net income | -60,558 | -33,643 | -34,587 | -96,322 | -71,961 | -37,109 |
| Earnings per share, basic | -0.32 | -0.17 | -0.17 | -0.49 | -0.96 | -4.32 |
| Earnings per share, diluted | -0.32 | -0.17 | -0.17 | -0.49 | -0.96 | -4.32 |
| Earnings per share, basic and diluted | · | · | · | · | -0.96 | -4.32 |
| Weighted average shares, basic | 189,679,000 | 199,181,000 | 200,700,000 | 195,575,000r | 74,721,000r | 8,598 |
| Weighted average shares, diluted | 189,679,000 | 199,181,000 | 200,700,000 | 195,575,000r | 74,721,000r | 8,598 |
| Weighted average shares, basic and diluted | · | · | · | · | 74,721,000 | 8,598,000 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesInterest and dividend income what its loans and securities earned
us-gaap:InterestIncomeOperatingInterest expense on deposits and borrowings what it paid for the money it lends
us-gaap:InterestExpenseOperatingNet interest income interest earned less interest paid
us-gaap:InterestIncomeExpenseNetProvision for credit losses set aside for loans that may not be repaid
us-gaap:ProvisionForLoanAndLeaseLossesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedEarnings per share, basic and diluted net income per share, where both counts are the same
us-gaap:EarningsPerShareBasicAndDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstandingWeighted average shares, basic and diluted the average count, where both counts are the same
us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted