SmartRent Inc
NYSE:SMRT
Income Statement
Earnings Waterfall
SmartRent Inc
Income Statement
SmartRent Inc
| Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue |
111
N/A
|
129
+16%
|
150
+16%
|
162
+8%
|
168
+4%
|
196
+17%
|
207
+6%
|
217
+5%
|
237
+9%
|
222
-6%
|
217
-2%
|
200
-8%
|
175
-12%
|
166
-5%
|
156
-6%
|
151
-3%
|
152
+1%
|
|
| Gross Profit | ||||||||||||||||||
| Cost of Revenue |
(121)
|
(143)
|
(163)
|
(168)
|
(167)
|
(180)
|
(182)
|
(181)
|
(187)
|
(162)
|
(150)
|
(133)
|
(115)
|
(111)
|
(106)
|
(105)
|
(102)
|
|
| Gross Profit |
(10)
N/A
|
(14)
-43%
|
(14)
+5%
|
(6)
+58%
|
1
N/A
|
15
+1 070%
|
24
+58%
|
36
+51%
|
50
+36%
|
60
+21%
|
67
+12%
|
67
0%
|
60
-10%
|
54
-10%
|
50
-9%
|
46
-8%
|
50
+9%
|
|
| Operating Income | ||||||||||||||||||
| Operating Expenses |
(62)
|
(76)
|
(93)
|
(99)
|
(102)
|
(104)
|
(97)
|
(96)
|
(92)
|
(98)
|
(100)
|
(102)
|
(101)
|
(102)
|
(102)
|
(94)
|
(89)
|
|
| Selling, General & Administrative |
(40)
|
(51)
|
(64)
|
(69)
|
(73)
|
(73)
|
(68)
|
(66)
|
(63)
|
(67)
|
(68)
|
(70)
|
(70)
|
(70)
|
(71)
|
(63)
|
(59)
|
|
| Research & Development |
(22)
|
(25)
|
(29)
|
(30)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(30)
|
(29)
|
(29)
|
(28)
|
(28)
|
(26)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
|
| Operating Income |
(72)
N/A
|
(90)
-26%
|
(107)
-19%
|
(105)
+2%
|
(101)
+3%
|
(88)
+13%
|
(73)
+17%
|
(59)
+19%
|
(43)
+27%
|
(38)
+12%
|
(33)
+13%
|
(35)
-5%
|
(41)
-19%
|
(47)
-15%
|
(53)
-11%
|
(48)
+9%
|
(39)
+19%
|
|
| Pre-Tax Income | ||||||||||||||||||
| Interest Income Expense |
0
|
(0)
|
0
|
1
|
2
|
4
|
6
|
7
|
9
|
9
|
9
|
9
|
8
|
7
|
6
|
5
|
4
|
|
| Non-Reccuring Items |
0
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(26)
|
(25)
|
(25)
|
(25)
|
|
| Total Other Income |
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
(72)
N/A
|
(91)
-26%
|
(107)
-18%
|
(107)
+1%
|
(102)
+5%
|
(87)
+15%
|
(70)
+19%
|
(52)
+26%
|
(35)
+34%
|
(29)
+16%
|
(23)
+20%
|
(25)
-9%
|
(33)
-31%
|
(66)
-97%
|
(72)
-10%
|
(68)
+5%
|
(61)
+12%
|
|
| Net Income | ||||||||||||||||||
| Tax Provision |
(0)
|
5
|
6
|
6
|
5
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(72)
|
(86)
|
(102)
|
(101)
|
(96)
|
(86)
|
(71)
|
(53)
|
(35)
|
(29)
|
(23)
|
(26)
|
(34)
|
(66)
|
(72)
|
(69)
|
(61)
|
|
| Net Income (Common) |
(72)
N/A
|
(86)
-20%
|
(102)
-18%
|
(101)
+1%
|
(96)
+5%
|
(86)
+11%
|
(71)
+18%
|
(53)
+26%
|
(35)
+34%
|
(29)
+16%
|
(23)
+20%
|
(26)
-9%
|
(34)
-32%
|
(66)
-97%
|
(72)
-9%
|
(69)
+5%
|
(61)
+12%
|
|
| EPS (Diluted) |
-0.96
N/A
|
-0.44
+54%
|
-0.51
-16%
|
-0.51
N/A
|
-0.49
+4%
|
-0.44
+10%
|
-0.36
+18%
|
-0.27
+25%
|
-0.17
+37%
|
-0.14
+18%
|
-0.12
+14%
|
-0.13
-8%
|
-0.17
-31%
|
-0.34
-100%
|
-0.38
-12%
|
-0.36
+5%
|
-0.32
+11%
|
|