SmartRent, Inc. (SMRT) intrinsic value & 10-year financials
SmartRent, Inc. (SMRT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 23.7% a year to $152.3M, with an average return on invested capital of -112.1%.
- Graham intrinsic value
- —
- Share price (Oct 20, 2026)
- $1.15
- Market cap
- $218.1M
- Revenue (FY2025)
- $152.3M
- Revenue growth (7-yr CAGR)
- 23.7%
- ROIC (10-yr avg)
- -112.1%
- Free cash flow (FY2025)
- -$25.1M
SMRT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $152.3M | -$60.6M | -$0.32 | -$25.1M | -42.0% | -44.5% |
| FY2024 | $174.9M | -$33.6M | -$0.17 | -$34.7M | -23.9% | -29.6% |
| FY2023 | $236.8M | -$34.6M | -$0.17 | $5.8M | -18.2% | -30.2% |
| FY2022 | $167.8M | -$96.3M | -$0.00 | -$82.2M | -62.1% | -111.3% |
| FY2021 | $110.6M | -$72.0M | -$0.00 | -$71.8M | -64.8% | -345.0% |
| FY2020 | $52.5M | -$37.1M | -$0.00 | -$28.8M | -68.0% | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SmartRent, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SmartRent, Inc. has historically struggled to out-earn its cost of capital, averaging just -43.8% ROIC.
SmartRent, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SmartRent, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-10.63 per share.