SMARTRENT, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $152.3M | $174.9M | $236.8M | $167.8M | $110.6M | $52.5M |
| Cost of Revenue | $102.5M | $114.5M | $187.3M | $166.5M | $120.7M | $56.8M |
| Gross Profit | $49.9M | $60.3M | $49.5M | $1.3M | $-10.1M | $-4.3M |
| Gross Margin | 32.7% | 34.5% | 20.9% | 0.8% | -9.1% | -8.2% |
| Operating Expenses | ||||||
| Research & Development | $26.2M | $29.4M | $28.8M | $29.4M | $21.6M | $9.4M |
| SG&A Expense | $43.2M | $54.3M | $44.7M | $55.3M | $26.0M | $16.6M |
| Operating Income | $-64.0M | $-41.8M | $-43.2M | $-104.3M | $-71.7M | $-35.7M |
| Operating Margin | -42.0% | -23.9% | -18.2% | -62.1% | -64.8% | -68.0% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-60.5M | $-33.4M | $-34.7M | $-101.7M | $-71.8M | $-37.0M |
| Income Tax Expense | $41.0K | $267.0K | $-108.0K | $-5.4M | $115.0K | $149.0K |
| Net Income | $-60.6M | $-33.6M | $-34.6M | $-96.3M | $-72.0M | $-37.1M |
| Net Margin | -39.8% | -19.2% | -14.6% | -57.4% | -65.0% | -70.6% |
| EPS (Basic) | $-0.32 | $-0.17 | $-0.17 | $-0.49 | $-0.32 | $0.00 |
| EPS (Diluted) | $-0.32 | $-0.17 | $-0.17 | $-0.49 | $-0.32 | $0.00 |
| Shares Outstanding (Basic) | 189.7M | 199.2M | 200.7M | 195.6M | 224.2M | 224.2M |
| Shares Outstanding (Diluted) | 189.7M | 199.2M | 200.7M | 195.6M | 224.2M | 224.2M |
| Dividends Per Share | — | — | — | — | — | — |