SmartRent (SMRT) Income Statement: Revenue & Earnings

SmartRent Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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SmartRent, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	174.89	236.84	167.82	110.64	52.53
Cost of Revenue	114.55	187.31	166.47	120.71	56.85
Gross Profit	60.34	49.53	1.35	-10.07	-4.32
Operating Expenses
Research & Development	29.37	28.81	29.42	21.57	9.41
Selling, General & Administrative	73.70	59.68	76.18	39.20	17.91
Operating Expenses	103.07	88.48	105.60	60.77	27.32
Operating Income	-42.73	-38.95	-104.25	-70.84	-31.64
Other Income/Expense
Interest Income	8.24	8.58	1.95	0.00	0.00
Interest Expense	0.00	0.00	0.00	-0.25	-0.56
Other Income/Expense	0.15	-0.12	0.60	0.06	-0.22
Income
Income Before Tax	-33.38	-34.70	-101.71	-71.85	-36.96
Income Tax Expense	0.27	-0.11	-5.39	0.12	0.15
Net Income	-33.64	-34.59	-96.32	-71.96	-37.11
Net Income - Continuous Operations	-33.64	-34.59	-96.32	-71.96	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-38.00	-34.20	-99.99	-70.38	-31.34
EBIT	-42.73	-38.95	-104.25	-70.84	-31.64
Depreciation & Amortization	4.74	4.76	4.26	0.46	0.30
Earnings Per Share
Basic EPS	-	-	-	-1.00	-4.00
Diluted EPS	-	-	-	-1.00	-4.00
Basic Shares Outstanding	199.18	200.70	195.58	74.72	8.60
Diluted Shares Outstanding	199.18	200.70	195.58	74.72	8.60