SMRT on NYSE
SmartRent, Inc.
In its 2026 annual report the company says: “We are an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers and residents. Our suite of products and services, which includes cloud-based software-as-a-service solutions many of which are enabled by smart building hardware, provide seamless visibility and control over real estate assets.”3 It is headquartered in Phoenix, Arizona.1 Its shares trade on NYSE under the symbol SMRT.1
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Last updated Oct 21, 2026.
Overview
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- TickerSMRT on NYSE1
- IndustryServices-Computer Integrated Systems Design1
- HeadquartersPhoenix, Arizona1
- Incorporated inDE2
- Business address6811 E Mayo Blvd, Phoenix, Az 850542
- Filer categoryAccelerated filer, Emerging growth company2
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We are an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers and residents. Our suite of products and services, which includes cloud-based software-as-a-service ("SaaS") solutions many of which are enabled by smart building hardware, provide seamless visibility and control over real estate assets. Our platform can lower operating costs, increase revenues, mitigate operational friction and protect assets for owners and operators, while providing a differentiated, elevated living experience for residents.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue67¢$102.5M
- Research and development17¢$26.2M
- Other costs15¢$23.6M
- Income tax0¢$41.0K
Out of $152.3M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $52.5M5 | $110.6M6 | $167.8M7 | $236.8M4 | $174.9M4 | $152.3M4 | |
| Cost of revenue | $56.8M5 | $120.7M6 | $166.5M7 | $187.3M4 | $114.5M4 | $102.5M4 | |
| Research and development | $9.4M5 | $21.6M6 | $29.4M7 | $28.8M4 | $29.4M4 | $26.2M4 | |
| Operating expenses | $61.6M6 | $105.6M7 | $92.7M4 | $102.1M4 | $88.9M4 | ||
| Operating income | -$35.7M5 | -$71.7M6 | -$104.3M7 | -$43.2M4 | -$41.8M4 | -$64.0M4 | |
| Income before tax | -$71.8M6 | -$101.7M7 | -$34.7M4 | -$33.4M4 | -$60.5M4 | ||
| Income tax | $149.0K5 | $115.0K6 | -$5.4M7 | -$108.0K4 | $267.0K4 | $41.0K4 | |
| Net income | -$37.1M5 | -$72.0M6 | -$96.3M7 | -$34.6M4 | -$33.6M4 | -$60.6M4 | |
| Earnings per share | -$4.325 | -$0.966 | -$0.497 | -$0.174 | -$0.174 | -$0.324 | |
| Earnings per share (diluted) | -$4.325 | -$0.966 | -$0.497 | -$0.174 | -$0.174 | -$0.324 | |
| Shares (weighted, basic) | 74.7M shares6 | 195.6M shares7 | 200.7M shares4 | 199.2M shares4 | 189.7M shares4 | ||
| Shares (weighted, diluted) | 74.7M shares6 | 195.6M shares7 | 200.7M shares4 | 199.2M shares4 | 189.7M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $38.6M5 | $430.8M6 | $210.4M7 | $215.2M4 | $142.5M4 | $104.5M4 | |
| Receivables | $45.5M5 | $62.4M6 | $61.9M7 | $59.3M4 | $47.4M4 | ||
| Inventory | $33.2M5 | $75.7M6 | $41.6M7 | $35.3M4 | $26.7M4 | ||
| Current assets | $87.7M10 | $536.0M5 | $378.4M6 | $340.3M7 | $257.6M4 | $187.9M4 | |
| Property, plant and equipment | $1.9M5 | $2.1M6 | $1.4M7 | $2.5M4 | $5.1M4 | ||
| Goodwill | $12.7M5 | $117.3M6 | $117.3M4 | $117.3M4 | $92.3M4 | ||
| Intangible assets | $3.6M5 | $31.1M6 | $27.2M7 | $23.4M4 | $19.5M4 | ||
| Total assets | $103.8M10 | $579.7M5 | $560.8M6 | $509.8M7 | $420.2M4 | $320.9M4 | |
| Accounts payable | $6.1M5 | $18.4M6 | $15.1M7 | $8.7M4 | $13.0M4 | ||
| Current liabilities | $32.8M10 | $70.6M5 | $132.8M6 | $117.3M7 | $71.0M4 | $60.0M4 | |
| Total liabilities | $70.7M10 | $130.2M5 | $196.6M6 | $167.3M7 | $130.7M4 | $88.8M4 | |
| Retained earnings | -$154.6M5 | -$250.9M6 | -$285.5M7 | -$347.8M4 | -$413.3M4 | ||
| Shareholders’ equity | -$44.4M5 | -$78.2M6 | $449.5M7 | $364.2M4 | $342.4M4 | $289.4M4 | $232.1M4 |
| Shares outstanding | 10.4K shares10 | 193.9M shares5 | 198.5M shares6 | 203.3M shares7 | 192.0M shares4 | 189.7M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$28.5M5 | -$70.4M6 | -$77.8M7 | $6.0M4 | -$32.9M4 | -$21.6M4 | |
| Depreciation and amortization | $463.0K6 | $4.3M7 | $5.5M4 | $6.5M4 | $8.4M4 | ||
| Stock-based compensation | $7.3M6 | $12.9M7 | $13.2M4 | $12.1M4 | $8.8M4 | ||
| Capital spending | $298.0K5 | $1.5M6 | $1.1M7 | $147.0K4 | $1.8M4 | $3.6M4 | |
| Free cash flow | -$28.8M | -$71.8M | -$78.9M | $5.8M | -$34.7M | -$25.1M | |
| Cash from investing | -$9.4M6 | -$134.0M7 | -$6.0M4 | -$7.6M4 | -$8.6M4 | ||
| Share buybacks | $28.6M4 | $4.9M4 | |||||
| Cash from financing | $473.9M6 | -$2.8M7 | -$1.9M4 | -$33.0M4 | -$7.4M4 |
Corporate structure
SmartRent, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SmartRent, Inc.
- Long Pond Capital, LP Filed SCHEDULE 13G/A on SmartRent, Inc., latest Aug 13, 2026 (2 filings since Feb 13, 2025)
- BlackRock Filed SCHEDULE 13G on SmartRent, Inc., latest Jul 30, 2026 (3 filings since Jan 26, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on SmartRent, Inc., latest Mar 27, 2026 (7 filings since Feb 9, 2023)
- Citigroup Filed SCHEDULE 13G/A on SmartRent, Inc., latest Nov 10, 2025 (4 filings since Feb 10, 2023)
- RET Ventures Strategic Fund, L.P. Filed SCHEDULE 13G on SmartRent, Inc., latest Jul 1, 2025
- Vulcan Value Partners, LLC Filed SC 13G/A on SmartRent, Inc., latest Feb 13, 2024 (2 filings since Feb 14, 2023)
- Lucas Merwan Haldeman Filed SC 13D/A on SmartRent, Inc., latest Apr 7, 2023 (2 filings since Feb 11, 2022)
- RETV GP, LLC Filed SC 13D/A on SmartRent, Inc., latest Feb 17, 2023 (9 filings since Mar 14, 2022)
- Spark Capital Growth Fund II, L.P. Filed SC 13G/A on SmartRent, Inc., latest Feb 3, 2023 (2 filings since Feb 10, 2022)
- Bain Capital Venture Fund 2019, L.P. Filed SC 13G/A on SmartRent, Inc., latest Sep 22, 2022 (2 filings since Sep 16, 2022)
- Fifth Wall Acquisition Sponsor, LLC Filed SC 13D/A on SmartRent, Inc., latest Aug 19, 2022
- Lennar Corporation Filed SC 13G/A on SmartRent, Inc., latest Mar 15, 2022
- SmartRent, Inc. Phoenix, Arizona
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SmartRent, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $16.9M4 Dec 31, 2025 | $12.1M4 Dec 31, 2024 | +40.0% |
| Property and equipment, before depreciation | $8.8M4 Dec 31, 2025 | $5.6M4 Dec 31, 2024 | +56.6% |
| Accumulated depreciation | $3.7M4 Dec 31, 2025 | $3.2M4 Dec 31, 2024 | +16.2% |
| Property and equipment, net | $5.1M4 Dec 31, 2025 | $2.5M4 Dec 31, 2024 | +108.9% |
| Operating-lease assets (leased space) | $2.8M4 Dec 31, 2025 | $3.8M4 Dec 31, 2024 | −26.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $104.5M4 Dec 31, 2025 | $142.5M4 Dec 31, 2024 | −26.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $92.3M4 Dec 31, 2025 | $117.3M4 Dec 31, 2024 | −21.3% |
| Intangible assets, net (excluding goodwill) | $19.5M4 Dec 31, 2025 | $23.4M4 Dec 31, 2024 | −16.6% |
| Accumulated amortization | $15.0M4 Dec 31, 2025 | $11.1M4 Dec 31, 2024 | +34.9% |
| Finite-lived intangibles, net | $19.5M4 Dec 31, 2025 | $23.4M7 Dec 31, 2024 | −16.6% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $26.7M4 Dec 31, 2025 | $35.3M4 Dec 31, 2024 | −24.4% |
| Raw materials | $311.0K4 Dec 31, 2025 | $385.0K4 Dec 31, 2024 | −19.2% |
| Finished goods | $26.4M4 Dec 31, 2025 | $34.9M4 Dec 31, 2024 | −24.4% |
Properties, in its own words
Our corporate headquarters are located in Phoenix, Arizona, where we lease 38,820 square feet of office space. We also lease 60,820 square feet of warehouse space in Avondale, Arizona. In addition to our facilities located in the U.S., we lease 4,101 square feet of office space and 2,110 square feet of warehouse space in Zagreb, Croatia. We believe that our facilities are adequate to meet our needs for the immediate future and that suitable additional space will be available to accommodate any expansion of our operations as needed.
Item 2 of the 10-K filed Mar 4, 2026.3
Leadership
Who has led SmartRent, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerMichael Shane Paladin Feb 25, 2025 to Mar 18, 202511
- Chief executive officerFrank Martell Jun 16, 2025 to now12
- Chief executive officerLucas Merwan Haldeman Aug 26, 2021 to Jul 24, 202413
- Chief financial officerDaryl Stemm Nov 20, 2023 to now14
- Chief financial officerHiroshi Okamoto May 11, 2022 to Dec 11, 202315
- Chief financial officerAndriy Mykhaylovskyy Feb 5, 2021 to Mar 1, 202116
- Chief financial officerJonathan Wolter Aug 26, 2021 to Nov 30, 202117
- Chief operating officerPankaj Bansi Apr 24, 2026 to now18
- Chief operating officerDemetrios Barnes Aug 26, 2021 to Nov 25, 202219
Board members and other officers (26)
- Chief Transformation OfficerPankaj Bansi Mar 27, 2026 to now20
- Chief Information OfficerSangeeth Ponathil Mar 27, 2026 to now21
- Chief Human Resources OfficerHeather Auer Mar 30, 2026 to now22
- Chief Revenue OfficerNatalie Cariola May 16, 2025 to now23
- Chief Marketing OfficerRobyn Young May 11, 2022 to now24
- Chief Revenue OfficerChristopher Jon Edmonds Aug 26, 2021 to Jul 20, 202225
- Chief Technology OfficerIsaiah Derose-Wilson Aug 26, 2021 to now26
- Chief Product OfficerMitch Karren Aug 26, 2021 to Jul 20, 202227
- Board memberAna G. Pinczuk Feb 3, 2025 to now28
- Board memberThomas N. Bohjalian Jun 24, 2025 to now29
- Board memberAlison Dean Mar 22, 2024 to now30
- Board memberFrank Martell Jun 18, 2024 to now31
- Board memberAlana Beard Feb 5, 2021 to May 13, 202432
- Board memberAndriy Mykhaylovskyy Feb 5, 2021 to Mar 1, 202116
- Board memberAngela C. Huang Feb 5, 2021 to Feb 5, 202133
- Board memberVictor J. Coleman Feb 5, 2021 to Feb 5, 202134
- Board memberWisdom Lu Feb 5, 2021 to Feb 5, 202135
- Board memberAnn Sperling Aug 26, 2021 to now36
- Board memberBruce C. Strohm Aug 26, 2021 to Aug 23, 202437
- Board memberFrederick C. Tuomi Aug 26, 2021 to now38
- Board memberJohn C. Dorman Aug 26, 2021 to now39
- Board memberLucas Merwan Haldeman Aug 26, 2021 to Jul 24, 202413
- Board memberRobert T. Best Aug 26, 2021 to Aug 24, 202340
- General counselBrian Michael McQuaid Aug 15, 2025 to now41
- General counselKristen Morse Lee Apr 14, 2023 to now42
- General counselBrian M. Roberts Jan 5, 2022 to Apr 3, 202343
Former names
- Fifth Wall Acquisition Corp. IDec 18, 2020 to Aug 24, 20212
Timeline
- Aug 5, 20268-K Results of operations; Regulation FD disclosure44
- May 13, 20268-K Executive or director change; Shareholder vote45
- May 6, 20268-K Results of operations; Regulation FD disclosure46
- Mar 4, 20268-K Results of operations; Regulation FD disclosure47
- Feb 5, 20268-K Results of operations48
- Nov 17, 20258-K Executive or director change; Bylaws or fiscal year changed49
- Nov 5, 20258-K Results of operations; Regulation FD disclosure50
- Aug 6, 20258-K Results of operations; Regulation FD disclosure51
- Jun 24, 20258-K Executive or director change; Regulation FD disclosure52
- Jun 16, 2025New chief executive Frank Martell becomes CEO12
- Jun 16, 20258-K Executive or director change; Regulation FD disclosure53
- May 19, 20258-K Shareholder vote54
- May 7, 20258-K Results of operations; Regulation FD disclosure55
- Feb 25, 2025New chief executive Michael Shane Paladin becomes CEO11
- Aug 26, 2021New chief executive Lucas Merwan Haldeman becomes CEO13
Calendar
Coming up
- Nov 4, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.03) a share, on Nov 5, 2025.56
When it reported results
- Aug 5, 2026Reported quarterly or annual results44
- May 6, 2026Reported quarterly or annual results46
- Mar 4, 2026Reported quarterly or annual results47
- Feb 5, 2026Reported quarterly or annual results48
- Nov 5, 2025Reported quarterly or annual results50
- Aug 6, 2025Reported quarterly or annual results51
- May 7, 2025Reported quarterly or annual results55
- Apr 10, 2025Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
614 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 47 major events, 453 insider forms, 37 large holders, 56 other. The latest 20:
- Oct 6, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20264 EDGAR
- Aug 11, 20264 EDGAR
- Aug 11, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 30, 2026SCHEDULE 13G EDGAR
- Jun 30, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 5, 20264 EDGAR
- May 27, 20264 EDGAR
- May 20, 20264/A EDGAR
- May 20, 20264 EDGAR
- May 18, 2026S-8 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
The 614 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
102 open-market trades by officers, directors and large owners since October 2021: 61 buys and 41 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Bohjalian Thomas NDirector | Buy | 15,000 | $1.37 | $20.6K | Form 4 |
| Aug 19, 2026 | Bohjalian Thomas NDirector | Buy | 40,000 | $1.40 | $56.0K | Form 4 |
| Aug 11, 2026 | Bohjalian Thomas NDirector | Buy | 5,000 | $1.34 | $6.7K | Form 4 |
| Aug 11, 2026 | Martell FrankChief Executive Officer | Buy | 100,000 | $1.42 | $142.0K | Form 4 |
| Aug 11, 2026 | Pinczuk Ana G.Director | Buy | 107,000 | $1.43 | $153.0K | Form 4 |
| Jun 10, 2026 | Bohjalian Thomas NDirector | Buy | 75,000 | $1.11 | $83.2K | Form 4 |
| Jun 5, 2026 | Martell FrankChief Executive Officer | Buy | 40,260 | $1.13 | $45.5K | Form 4 |
| Jun 4, 2026 | Martell FrankChief Executive Officer | Buy | 20,000 | $1.19 | $23.8K | Form 4 |
| May 26, 2026 | Ponathil SangeethChief Information Officer | Buy | 10,000 | $1.25 | $12.5K | Form 4 |
| May 12, 2026 | Martell FrankChief Executive Officer | Buy | 100,000 | $1.18 | $118.0K | Form 4 |
| May 8, 2026 | Martell FrankChief Executive Officer | Buy | 50,000 | $1.12 | $56.0K | Form 4 |
| Mar 12, 2026 | Bohjalian Thomas NDirector | Buy | 150,000 | $1.74 | $261.0K | Form 4 |
| Dec 16, 2025 | Martell FrankChief Executive Officer | Buy | 19,466 | $2.07 | $40.3K | Form 4 |
| Dec 15, 2025 | Martell FrankChief Executive Officer | Buy | 30,534 | $2.06 | $62.9K | Form 4 |
| Dec 12, 2025 | Martell FrankChief Executive Officer | Buy | 25,000 | $2.07 | $51.8K | Form 4 |
| Dec 11, 2025 | Martell FrankChief Executive Officer | Buy | 25,000 | $2.07 | $51.8K | Form 4 |
| Dec 10, 2025 | Martell FrankChief Executive Officer | Buy | 30,000 | $1.99 | $59.7K | Form 4 |
| Dec 9, 2025 | Martell FrankChief Executive Officer | Buy | 30,000 | $2.03 | $60.9K | Form 4 |
| Dec 5, 2025 | Martell FrankChief Executive Officer | Buy | 124,086 | $1.91 | $237.0K | Form 4 |
| Dec 4, 2025 | Martell FrankChief Executive Officer | Buy | 100,000 | $1.88 | $188.0K | Form 4 |
All 102 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Long Pond Capital, LPSCHEDULE 13G/A, 2 filings Feb 13, 2025 to Aug 13, 202658
- BlackRockSCHEDULE 13G, 3 filings Jan 26, 2024 to Jul 30, 202659
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 9, 2023 to Mar 27, 202660
- CitigroupSCHEDULE 13G/A, 4 filings Feb 10, 2023 to Nov 10, 202561
- RET Ventures Strategic Fund, L.P.SCHEDULE 13G, 1 filing Jul 1, 202562
- Vulcan Value Partners, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202463
- Lucas Merwan HaldemanSC 13D/A, 2 filings Feb 11, 2022 to Apr 7, 202364
- RETV GP, LLCSC 13D/A, 9 filings Mar 14, 2022 to Feb 17, 202365
- Spark Capital Growth Fund II, L.P.SC 13G/A, 2 filings Feb 10, 2022 to Feb 3, 202366
- Bain Capital Venture Fund 2019, L.P.SC 13G/A, 2 filings Sep 16, 2022 to Sep 22, 202267
- Fifth Wall Acquisition Sponsor, LLCSC 13D/A, 1 filing Aug 19, 202268
- Lennar CorporationSC 13G/A, 1 filing Mar 15, 202269
- Empyrean Capital Partners, LPSC 13G/A, 1 filing Feb 10, 202270
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael Shane Paladinformer Chief Executive Officer | $5.4M71 | ||
| 2025 | Frank MartellChief Executive Officer and President | 66 | $386.1K | $2.7M71 |
| 2025 | Daryl StemmChief Financial Officer and former Interim Principal Executive Officer | 65 | $325.0K | $1.1M71 |
| 2025 | John Dormanformer Interim Principal Executive Officer | 75 | $206.2K | $870.2K71 |
| 2024 | Daryl StemmChief Financial Officer and former Interim Principal Executive Officer | 65 | $325.0K | $855.8K71 |
SEC filer profile
How SmartRent, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSmartRent, Inc.1
- CIK0001837014
- Employer ID (EIN)85-42185263
- Filer statusAccelerated filer an emerging growth company; not a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)7373 Services-Computer Integrated Systems Design1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address6811 E Mayo Blvd, Phoenix, AZ 850541
- Phone844.479.15551
- Shares outstanding191,611,799 as of Aug 3, 20269
- Public float$116.1M as of Jun 30, 20253
- AuditorDeloitte & Touche LLP, Tempe, Arizona PCAOB ID 34; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceDec 18, 20201
- Filings733 in all: 4 (442), 8-K (57), 3 (35), 425 (27), 10-Q (17), 144 (17), 4/A (14), 424B3 (11)1
All 39 form types
SC 13D/A (11), SC 13G/A (11), SC 13G (10), CORRESP (8), DEFA14A (8), UPLOAD (6), 10-K (5), DEF 14A (5), EFFECT (5), ARS (4), S-8 (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 3/A (3), 8-A12B (2), 8-K/A (2), CERT (2), POS AM (2), S-1 (2), S-1/A (2), S-4/A (2), SC 13D (2), 10-K/A (1), 25 (1), 424B4 (1), 8-A12B/A (1), CT ORDER (1), DEFR14A (1), DRS (1), S-1MEF (1), S-4 (1)
- Latest filingsAnnual report (10-K) Mar 4, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 1, 2026
Latest 8-K (8-K) Aug 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock, $0.0001 par value | SMRT | The New York Stock Exchange |
From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks SmartRent, Inc. names in Item 1A of its 10-K filed Mar 4, 2026: 52 risks under these headings, as written.3
- Risks Related to Our Business and Industry
- Risks Related to Legal and Regulatory Matters
- Risks Related to Ownership of Our Class A Common Stock
- We have a history of net losses and may not be able to achieve or maintain profitability in the future.
- Our limited operating history and the quickly changing markets in which we operate make evaluating our current business and future prospects difficult, which may increase the risk of investing in our Class A Common Stock.
- We may be unable to attract new customers and maintain customer satisfaction, which could have an adverse effect on our business and growth.
- Potential customer turnover in the future, or costs we incur to retain and upsell our customers, could materially and adversely affect our financial performance.
- We make estimates relating to customer demand and errors in our estimates may have negative effects on our inventory levels, revenues, and results of operations.
- We have limited control over our suppliers, manufacturers, and partners, which may subject us to significant risks, including the potential inability to produce, obtain or provide quality products and services on a timely basis or in sufficient quantity. If these third-party suppliers, manufacturers, and partners experience any delay, disruption or quality control problems in their operations, we could lose market share and our results of operations may suffer.
- We depend on third-party suppliers and manufacturers and partners for our products and services. A loss of any of our suppliers, manufacturers, and partners could negatively affect our business.
- The loss of one or more key members of our management team or personnel, or our failure to attract, integrate and retain additional personnel in the future, could harm our business and negatively affect our ability to successfully grow our business.
- We may not successfully manage the transition of leadership to our new President and Chief Executive Officer, which could have an adverse impact on us.
The other 43 risks
- If we are unable to develop new products and solutions, adapt to technological change, sell our products and solutions into new markets, or further penetrate our existing markets, our revenue may not grow as expected.
- If the smart home technology industry does not grow as we expect, or if we cannot expand our products and solutions to meet the demands of this market, our revenue may decline, fail to grow or fail to grow at an accelerated rate, and we may incur operating losses.
- Our operating results and financial condition may fluctuate from period to period.
- Product liability, warranty, personal injury, property damage and recall claims may materially affect our financial condition and damage our reputation.
- The markets in which we participate could become more competitive as many companies, including large technology companies, managed service providers and internet service and security providers, may target the markets in which we do business. If we are unable to compete effectively with these potential competitors and sustain pricing levels for our products and solutions, our revenue and profitability could be adversely affected.
- If we fail to continue to develop our brand or our reputation is harmed, our business may suffer.
- We rely on assumptions and estimates to calculate certain of our key operating metrics, and real or perceived inaccuracies in such metrics could adversely affect our reputation and our business.
- Interruptions to, or other problems with, our website and interactive user interface, information technology systems, manufacturing processes or other operations could damage our reputation and brand and substantially harm our business.
- Our ability to use net operating loss carryforwards may be subject to limitations.
- Changes in tax laws could have a material adverse effect on our business, cash flow, results of operations or financial conditions.
- We may expand through acquisitions of, or investments in, other companies, each of which may divert our management’s attention, result in additional dilution to our stockholders, increase expenses, disrupt our operations and harm our business.
- We may incur substantial indebtedness and any failure to meet our debt obligations may adversely affect our business, financial condition, and results of operations.
- Our credit facility contains restrictive covenants that may limit our operating flexibility, which may adversely affect our business, financial condition, and results of operations.
- We may require additional capital to pursue our business objectives and to respond to business opportunities, challenges, or unforeseen circumstances. If capital is not available to us on acceptable terms, our business, results of operations, and financial condition may be adversely affected.
- Failure to adequately protect our intellectual property, technology, processes and confidential information could reduce our competitiveness and harm our business.
- Accusations of infringement of third-party intellectual property rights could materially and adversely affect our business.
- Some of our products and solutions contain open-source software, which may pose particular risks to our software, technologies, products, and solutions in a manner that could harm our business.
- Downturns in or uncertainties about general economic and market conditions and reductions in spending may reduce demand for our products and solutions, which could harm our business.
- Uncertain commercial banking conditions could materially adversely affect our results of operations and financial condition.
- Insurance policies may not cover all of our operating risks and a casualty loss beyond the limits of our coverage could negatively impact our business.
- Changes in effective tax rates, or adverse outcomes resulting from examination of our income, sales or other tax returns, could adversely affect our results of operations and financial condition.
- We collect, store, use, and otherwise process personal information of our customers and their residents, and of our employees, service providers, and others, which subjects us to laws, regulations, and legal and contractual obligations related to privacy, data protection, and cybersecurity, and any actual or perceived failure to meet those obligations could harm our business.
- If there is any breach of security controls or any security incident, any unauthorized or inadvertent access to customer, residential, or other data, or any unauthorized control or view of systems, our products and solutions may be perceived as insecure, our business may be harmed, and we may incur significant liabilities.
- If we are unable to successfully implement AI technology into our SmartRent Solutions, our business could be harmed.
- Our products and solutions may be affected from time to time by design and manufacturing defects that could subject us to personal injury, property damage, product liability, warranty, and other claims, which could adversely affect our business and result in harm to our reputation.
- The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain senior management and qualified Board members.
- If we fail to maintain an effective system of internal controls, we may not be able to accurately report financial results or prevent fraud and the trading price of our stock could be negatively affected.
- Our smart home technology is subject to varying state and local regulations, which may be updated from time to time.
- Changing expectations from investors, customers, employees, and others regarding environmental, social and governance matters, practices and reporting may result in additional costs or risks.
- Failure of our global operations to comply with import and export, bribery, and money laundering laws, regulations and controls, could have an adverse impact on our financial condition.
- Expanding our international operations subjects us to a variety of risks and uncertainties, including exposure to foreign currency exchange rate fluctuations, which could adversely affect our business and operating results.
- From time to time, we may be subject to legal proceedings, regulatory disputes, and governmental inquiries that could cause us to incur significant expenses, divert our management’s attention, and materially harm our business.
- Our Class A Common Stock price may be volatile or may decline regardless of our operating performance.
- We do not intend to pay dividends on our Class A Common Stock for the foreseeable future.
- If securities analysts issue unfavorable commentary about us or our industry or downgrade our Class A Common Stock, the price of our Class A Common Stock could decline.
- We may not realize the anticipated long-term stockholder value of our stock repurchase program, and any failure to repurchase our Class A common stock after we have announced our intention to do so may negatively impact our stock price.
- Our issuance of additional shares of Class A Common Stock or convertible securities could make it difficult for another company to acquire us, may dilute your ownership of us and could adversely affect our stock price.
- Future sales, or the perception of future sales, of our Class A Common Stock by us or our existing stockholders in the public market could cause the market price for our common stock to decline.
- Our management has limited experience in operating a public company.
- We could be negatively impacted by being a target of shareholder activists or short sellers, causing us to incur significant expense and hinder or disrupt the execution of our business strategy.
- If we cannot meet the NYSE continued listing requirements, the NYSE may delist our Class A Common Stock.
- Anti-takeover provisions in our governing documents and under Delaware law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our Class A Common Stock.
- Our Charter and bylaws provide that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Legal proceedings
From time to time, we are subject to various claims, charges and litigation matters that arise in the ordinary course of business. We believe these actions are a normal incident of the nature and kind of business in which we are engaged. While it is not feasible to predict the outcome of these matters with certainty, we do not believe that any asserted or unasserted legal claims or proceedings, individually or in the aggregate, will have a material adverse effect on our business, financial condition, results of operations or prospects.
For a discussion of legal and other proceedings in which we are involved, see Note 12 - Commitments and Contingencies in the Notes to Consolidated Financial Statements in Part II, Item 8 of this Report.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSmartRent, Inc. filings on SEC EDGAR
- 2SEC EDGARSmartRent, Inc. filings on SEC EDGAR
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- 4SEC EDGARSmartRent, Inc. 10-K for fiscal 2025
- 5SEC EDGARSmartRent, Inc. 10-K for fiscal 2020
- 6SEC EDGARSmartRent, Inc. 10-K for fiscal 2021
- 7SEC EDGARSmartRent, Inc. 10-K for fiscal 2022
- 8SEC EDGARSmartRent, Inc. 10-Q for fiscal 2026
- 9SEC EDGARSmartRent, Inc. 10-Q for fiscal 2026
- 10SEC EDGARSmartRent, Inc. 10-K for fiscal 2020
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- 14SEC EDGARDaryl Stemm, Chief financial officer
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- 24SEC EDGARRobyn Young, Chief Marketing Officer
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- 27SEC EDGARMitch Karren, Chief Product Officer
- 28SEC EDGARAna G. Pinczuk, Board member
- 29SEC EDGARThomas N. Bohjalian, Board member
- 30SEC EDGARAlison Dean, Board member
- 31SEC EDGARFrank Martell, Board member
- 32SEC EDGARAlana Beard, Board member
- 33SEC EDGARAngela C. Huang, Board member
- 34SEC EDGARVictor J. Coleman, Board member
- 35SEC EDGARWisdom Lu, Board member
- 36SEC EDGARAnn Sperling, Board member
- 37SEC EDGARBruce C. Strohm, Board member
- 38SEC EDGARFrederick C. Tuomi, Board member
- 39SEC EDGARJohn C. Dorman, Board member
- 40SEC EDGARRobert T. Best, Board member
- 41
- 42SEC EDGARKristen Morse Lee, General counsel
- 43SEC EDGARBrian M. Roberts, General counsel
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- 48SEC EDGARResults of operations
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- 54SEC EDGARShareholder vote
- 55
- 56NasdaqNasdaq calendar
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