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SmartRent (SMRT)

Market Price (6/14/2026): $1.13 | Market Cap: $216.6 MilSector: Information Technology | Industry: Application Software

SmartRent (SMRT)

Market Price (6/14/2026): $1.13
Market Cap: $216.6 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%

Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech. Themes include IoT for Buildings, Building Management Systems, and Real Estate Data Analytics.

Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -142%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -19%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2%, Rev Chg QQuarterly Revenue Change % is -6.4%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%

Key risks
SMRT key risks include [1] its history of persistent net losses and a significant challenge in achieving profitability, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
2 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech. Themes include IoT for Buildings, Building Management Systems, and Real Estate Data Analytics.
3 Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -142%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -19%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2%, Rev Chg QQuarterly Revenue Change % is -6.4%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -16%
8 Key risks
SMRT key risks include [1] its history of persistent net losses and a significant challenge in achieving profitability, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/4/2026

SmartRent (SMRT) stock has lost about 25% since 2/28/2026 because of the following key factors:

1. Decline in Total Revenue, Primarily Driven by Hardware Sales. SmartRent reported a 6% year-over-year decrease in total revenue for fiscal Q1 2026 (ended March 31, 2026), reaching $38.7 million, down from $41.3 million in fiscal Q1 2025. This was largely attributable to an 18% year-over-year decline in hardware revenue, which fell to $15.4 million from $18.8 million. The company noted that the prior year included an "unusually large customer order" that contributed to an elevated comparison.

2. Investor Concerns Despite Profitability Gains. Following the fiscal Q1 2026 earnings release on May 6, 2026, SmartRent's stock declined by 12.59% in premarket trading. This negative market reaction occurred despite the company achieving its second consecutive quarter of positive adjusted EBITDA, reaching $0.4 million, and significantly reducing its GAAP net loss by 89% to $4.4 million from $40.2 million in fiscal Q1 2025. Investors appeared to prioritize the overall revenue contraction and declining hardware sales over improvements in profitability and growth in Software-as-a-Service (SaaS) revenue, which increased by 9% year-over-year to $15.2 million.

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Stock Movement Drivers

Fundamental Drivers

The -25.0% change in SMRT stock from 2/28/2026 to 6/13/2026 was primarily driven by a -22.9% change in the company's P/S Multiple.
(LTM values as of)22820266132026Change
Stock Price ($)1.521.14-25.0%
Change Contribution By: 
Total Revenues ($ Mil)151150-1.0%
P/S Multiple1.91.5-22.9%
Shares Outstanding (Mil)188192-1.7%
Cumulative Contribution-25.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/13/2026
ReturnCorrelation
SMRT-25.0% 
Market (SPY)8.4%37.7%
Sector (XLK)33.3%34.0%

Fundamental Drivers

The -33.7% change in SMRT stock from 11/30/2025 to 6/13/2026 was primarily driven by a -31.9% change in the company's P/S Multiple.
(LTM values as of)113020256132026Change
Stock Price ($)1.721.14-33.7%
Change Contribution By: 
Total Revenues ($ Mil)151150-1.0%
P/S Multiple2.11.5-31.9%
Shares Outstanding (Mil)188192-1.7%
Cumulative Contribution-33.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/13/2026
ReturnCorrelation
SMRT-33.7% 
Market (SPY)9.2%35.0%
Sector (XLK)29.5%32.3%

Fundamental Drivers

The 35.0% change in SMRT stock from 5/31/2025 to 6/13/2026 was primarily driven by a 48.9% change in the company's P/S Multiple.
(LTM values as of)53120256132026Change
Stock Price ($)0.841.1435.0%
Change Contribution By: 
Total Revenues ($ Mil)166150-9.7%
P/S Multiple1.01.548.9%
Shares Outstanding (Mil)1921920.4%
Cumulative Contribution35.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/13/2026
ReturnCorrelation
SMRT35.0% 
Market (SPY)27.3%35.8%
Sector (XLK)61.0%29.6%

Fundamental Drivers

The -68.3% change in SMRT stock from 5/31/2023 to 6/13/2026 was primarily driven by a -60.0% change in the company's P/S Multiple.
(LTM values as of)53120236132026Change
Stock Price ($)3.601.14-68.3%
Change Contribution By: 
Total Revenues ($ Mil)196150-23.5%
P/S Multiple3.71.5-60.0%
Shares Outstanding (Mil)1981923.5%
Cumulative Contribution-68.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/13/2026
ReturnCorrelation
SMRT-68.3% 
Market (SPY)84.5%39.2%
Sector (XLK)129.7%34.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SMRT Return-13%-75%31%-45%15%-43%-90%
Peers Return-1%-20%22%14%15%-17%5%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
SMRT Win Rate55%25%58%33%42%0% 
Peers Win Rate53%37%53%47%53%37% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SMRT Max Drawdown--79%-41%-59%-60%-46% 
Peers Max Drawdown-29%-36%-28%-23%-24%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ALRM, REZI, ADT, ALLE, APPF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

How Low Can It Go

EventSMRTS&P 500
2025 US Tariff Shock
  % Loss-53.5%-18.8%
  % Gain to Breakeven115.3%23.1%
  Time to Breakeven154 days79 days
2023 SVB Regional Banking Crisis
  % Loss-15.5%-6.7%
  % Gain to Breakeven18.4%7.1%
  Time to Breakeven7 days31 days

Compare to ALRM, REZI, ADT, ALLE, APPF

In The Past

SmartRent's stock fell -53.5% during the 2025 US Tariff Shock. Such a loss loss requires a 115.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSMRTS&P 500
2025 US Tariff Shock
  % Loss-53.5%-18.8%
  % Gain to Breakeven115.3%23.1%
  Time to Breakeven154 days79 days

Compare to ALRM, REZI, ADT, ALLE, APPF

In The Past

SmartRent's stock fell -53.5% during the 2025 US Tariff Shock. Such a loss loss requires a 115.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About SmartRent (SMRT)

SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. Its solution is designed to provide communities with visibility and control their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. SmartRent, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona.

AI Analysis | Feedback

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Here are a few brief analogies for SmartRent (SMRT):

  • Salesforce for smart apartment buildings.
  • Google Home or Apple HomeKit, but for entire apartment communities and rental properties.
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AI Analysis | Feedback

  • Integrated Smart Home Operating System: A core software platform providing visibility and control for residential property assets.
  • Smart Apartments and Homes Solutions: Offerings that enable smart functionality within individual residential units.
  • Access Control: Systems for managing entry to buildings, common areas, and rental units.
  • Asset Protection and Monitoring: Solutions designed to safeguard and track property assets.
  • Parking Management: Systems for optimizing and managing parking facilities within communities.
  • Self-Guided Tours: Technology that allows prospective residents to tour properties independently.
  • Community and Resident Wi-Fi: Managed internet services for entire residential communities and individual residents.
  • Professional Services: Includes training, installation, and ongoing support for their smart home solutions.

AI Analysis | Feedback

SmartRent (SMRT) primarily sells its integrated smart home operating system and solutions to other companies within the real estate sector. While specific individual major customers (in terms of significant revenue concentration) are not typically disclosed by SmartRent, the company targets and serves large enterprises across several key categories. Based on SmartRent's business description, its major customers are prominent entities in the following segments:

  • Residential Property Owners and Operators

    These are large companies that own and manage multi-family apartment communities. Examples of such customers include:

    • Equity Residential (NYSE: EQR)
    • MAA (Mid-America Apartment Communities) (NYSE: MAA)
    • AvalonBay Communities (NYSE: AVB)

  • Homebuilders

    These are companies that construct new homes, integrating SmartRent's solutions into their properties from the ground up. Examples of such customers include:

    • Lennar Corporation (NYSE: LEN)
    • D.R. Horton, Inc. (NYSE: DHI)

  • Institutional Home Buyers

    These typically refer to large companies that acquire single-family homes, often for rental portfolios, and integrate smart home technology. Examples of such customers include:

    • Invitation Homes Inc. (NYSE: INVH)
    • American Homes 4 Rent (NYSE: AMH)

  • Developers

    Companies that develop new residential properties, often overlapping with homebuilders and property owners/operators, are also key customers for SmartRent's solutions.

AI Analysis | Feedback

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AI Analysis | Feedback

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Frank Martell
President and Chief Executive Officer

Frank Martell serves as the President and Chief Executive Officer of SmartRent, effective June 16, 2025. He brings over 30 years of executive leadership experience in real estate and technology. Prior to SmartRent, he was President and CEO of loanDepot, Inc. (NYSE: LDI), where he led the Vision 2025 program. Before loanDepot, he held several senior leadership positions at CoreLogic, Inc., including CFO, COO, and ultimately CEO, where he transformed the company into a global leader in residential property data, analytics, and digital platforms, achieving a tenfold increase in market capitalization. He currently serves on the board of Compass Inc. (NYSE: COMP).

Daryl Stemm
Chief Financial Officer

Daryl Stemm is the Chief Financial Officer for SmartRent, appointed to the role in November 2023. He oversees all aspects of SmartRent's financial operations and has 40 years of experience in finance, accounting, treasury, and risk management, including 20 years as a CFO. Mr. Stemm joined SmartRent in 2020. His previous roles include senior finance positions with Best Western Hotels and Resorts and Invitation Homes (NYSE: INVH), and he served as CFO at Home Director, Inc., and Catalyst Semiconductor, Inc. In his career, he has completed four IPOs and more than 10 mergers and acquisitions.

Natalie Cariola
Chief Revenue Officer

Natalie Cariola is the Chief Revenue Officer of SmartRent, overseeing revenue operations and business expansion initiatives. She joined SmartRent in 2024 from Stake, a financial technology firm, where she served as president. Ms. Cariola has over 20 years of experience driving sales and growing market share in multifamily rental housing and proptech.

Sangeeth Ponathil
Chief Information Officer

Sangeeth Ponathil is the Chief Information Officer of SmartRent, leading the development and execution of technology strategies and charting the technology roadmap for the company. He joined SmartRent in 2025 and has over 25 years of experience guiding enterprise technology, digital transformation, and infrastructure modernization. Prior to SmartRent, Mr. Ponathil spent nearly five years at loanDepot, Inc., where he was Senior Vice President of Technology and Head of Product and Engineering.

Heather Auer
Chief Human Resources Officer

Heather Auer is the Chief Human Resources Officer for SmartRent. She is responsible for setting the overall people strategy for SmartRent and leading employee development.

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AI Analysis | Feedback

The key risks to SmartRent's business are primarily centered around its financial performance, the highly competitive market it operates in, and its dependence on the residential property sector.

  1. Challenges with Achieving and Sustaining Profitability: SmartRent has historically faced significant financial hurdles, including negative operating and net margins, and has reported net losses. While the company is pivoting towards a higher-margin Software-as-a-Service (SaaS) model, the successful execution of this transition and achieving sustained profitability remains a critical risk. SmartRent has experienced a three-year revenue growth decline of 16% in the past, and financial indicators like an Altman Z-Score in the distress zone suggest potential financial instability. The company has also seen negative earnings per share and return on equity, along with negative free cash flow, indicating ongoing cash burn.
  2. Intense Competition in the Smart Home and PropTech Market: SmartRent operates in a highly competitive technology and software industry for smart home and property technology solutions. This environment necessitates continuous innovation and adaptation to maintain market relevance and customer acquisition. The market for smart home technology in residential real estate is maturing, and competition is expected to intensify, with other players like Alarm.com and Latch (now DOOR) posing competitive threats.
  3. Exposure to Macroeconomic Conditions and Demand Fluctuations in the Residential Property Sector: SmartRent's business is susceptible to broader economic conditions, particularly those affecting the residential property market. Economic downturns can lead to reduced capital expenditures by property owners and operators, and a decline in new residential construction, which could adversely impact the company's growth and sales. Historically, the company has also faced risks related to customer concentration, as evidenced by a significant drop in new orders after a major investor divested its stake.

AI Analysis | Feedback

The clear emerging threat to SmartRent is the potential for major technology companies with established consumer smart home ecosystems (such as Amazon with Alexa/Ring/eero, or Google with Nest/Google Home) to leverage their substantial resources and existing infrastructure to develop and offer a comprehensive, integrated B2B smart property operating system directly to residential property owners and operators. These companies possess the cloud capabilities, device ecosystems, and brand recognition to potentially disrupt SmartRent's specialized, proprietary platform by offering a more extensive, potentially lower-cost, and deeply integrated solution.

AI Analysis | Feedback

SmartRent (NYSE: SMRT) operates within several significant addressable markets within the residential rental housing industry.

Smart Home Operating System (Multi-Family)

The total addressable market (TAM) for smart home operating systems in the U.S. multi-family sector shows varying estimates. An April 2021 investor presentation by SmartRent suggested a U.S. addressable market of approximately $30 billion, based on 44 million rental units. However, a different analysis posits that SmartRent's true U.S. TAM is closer to 10 million units. SmartRent's existing customers collectively own approximately 6.6 million rental units, which represents about 13% of the U.S. institutionally owned multifamily and single-family rental market. Looking ahead, the smart apartment market is projected to grow to $13 billion by 2030.

Smart Access Control (Residential)

The global smart access control market, which includes residential applications, was valued at an estimated $13 billion in 2021. It is projected to reach approximately $17 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5% from 2022 to 2030.

Parking Management

The global smart parking market was valued at an estimated $7.98 billion in 2024 and is anticipated to grow to $33.82 billion by 2033, with a CAGR of 17.4% during this forecast period. Another report estimates the global smart parking market at $8.5 billion in 2023, with a projection to reach $48.3 billion by 2033, growing at a CAGR of 19.3% from 2024 to 2033. North America holds the largest share of the smart parking market and is expected to grow at a CAGR of 16.95%.

Community and Resident Wi-Fi

While a specific dollar-value market size is not explicitly available, there is significant demand for community and resident Wi-Fi solutions. A 2023 survey indicated that 79% of U.S. renters are interested in seamless connectivity, yet only 1% currently experience uninterrupted Wi-Fi across their apartment communities. Furthermore, 48% of market-rate renters expressed willingness to pay $79.99 per month for gigabit Wi-Fi service.

Self-Guided Tours

The demand for self-guided tours in the U.S. residential rental market is substantial. SmartRent has surpassed one million self-guided tours, signifying widespread adoption of this technology. Data from Apartments.com shows a 63% increase in renters preferring self-guided touring options. Additionally, 70% of Millennial and Gen Z renters in the U.S. are interested in self-touring options. A specific monetary market size for self-guided tours was not found in the available information.

AI Analysis | Feedback

SmartRent (SMRT) is poised for future revenue growth over the next two to three years, driven by several strategic initiatives and market trends:

  1. Expansion of Installed Unit Base: SmartRent is actively focused on growing its total number of deployed units. The company aims for a double-digit increase in its installed base through its Vision 2028 strategy, targeting 1 million installed units within the next four to five quarters and projecting over 1.2 million units by the end of 2028. This expansion directly contributes to higher hardware and recurring software revenue.
  2. Growth in Annual Recurring Revenue (ARR) and SaaS Offerings: A significant driver of future revenue is the strategic shift towards a SaaS-focused business model. SmartRent has demonstrated consistent growth in its Annual Recurring Revenue (ARR), which has been outpacing overall revenue growth and now represents a larger portion of total revenue. The company is emphasizing higher-margin recurring revenue streams, which contributes to more stable and predictable financial performance.
  3. Introduction and Expansion of New Products and Services: SmartRent continues to innovate and expand its product line, including enhancements to its Smart Operations solutions (formerly SightPlan), Community Wi-Fi offerings, and AI-powered tools such as SMRT IQ and Smart Launch. These new and improved solutions are designed to provide greater value to customers, streamline property management operations, and ultimately drive increased adoption and new revenue streams.
  4. Increased SaaS Average Revenue Per Unit (ARPU): The company has observed an increase in its SaaS ARPU, indicating its ability to generate more revenue from each installed unit. This growth is a result of enhanced service offerings and potential pricing power, allowing SmartRent to extract greater value from its existing customer base.
  5. Deepening Platform Integration with Data and AI: As part of its Vision 2028 plan, SmartRent intends to deepen its platform integration utilizing more data and artificial intelligence. This focus on a more robust and intelligent platform aims to enhance operational efficiency for property managers and improve the resident experience, fostering stronger customer engagement and retention, which supports long-term revenue growth.

AI Analysis | Feedback

Share Repurchases

  • SmartRent has an authorized $50 million share repurchase program.
  • For the full year 2024, SmartRent repurchased 15.2 million shares at an aggregate cost of $28.6 million.
  • For the full year 2025, the company repurchased approximately 5.1 million shares for $4.9 million, with about $16.8 million remaining available under the program as of December 31, 2025.

Share Issuance

  • SmartRent's shares outstanding significantly increased from 75 million at the end of 2021 to 196 million by the end of 2022, indicating substantial share issuance, likely related to its public listing.
  • Shares outstanding were approximately 201 million at the end of 2023, and then decreased slightly to around 199 million by the end of 2024 and 2025, reflecting the impact of share repurchases.

Capital Expenditures

  • SmartRent invested $1,000 in capital expenditures in the fourth quarter of 2025, which was a 98.9% decrease from the previous quarter.
  • Total capital expenditures for the full year 2025 were approximately $3.6 million.
  • Management indicated a conservative approach to capital expenditures, focusing on spending the minimum necessary rather than accelerating investments.

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Peer Comparisons

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Financials

SMRTALRMREZIADTALLEAPPFMedian
NameSmartRentAlarm.comResideo .ADT Allegion AppFolio  
Mkt Price1.1446.6531.666.80133.97161.2139.16
Mkt Cap0.22.34.85.511.55.85.2
Rev LTM1501,0387,6145,1404,1599952,598
Op Inc LTM-281366331,315858170401
FCF LTM-20168-1,3381,495683231199
FCF 3Y Avg-21169-2371,257606165167
CFO LTM-14180-1,2172,056781238209
CFO 3Y Avg-14183-1311,919697174179

Growth & Margins

SMRTALRMREZIADTALLEAPPFMedian
NameSmartRentAlarm.comResideo .ADT Allegion AppFolio  
Rev Chg LTM-9.7%8.6%8.1%3.3%8.9%20.7%8.3%
Rev Chg 3Y Avg-7.2%7.0%6.1%3.1%6.2%25.7%6.2%
Rev Chg Q-6.4%11.0%8.0%0.9%9.7%20.4%8.9%
QoQ Delta Rev Chg LTM-1.7%2.6%1.9%0.2%2.3%4.7%2.1%
Op Inc Chg LTM42.1%13.5%9.7%6.5%6.6%25.5%11.6%
Op Inc Chg 3Y Avg24.8%40.0%1.2%14.3%10.3%106.1%19.5%
Op Mgn LTM-18.6%13.1%8.3%25.6%20.6%17.1%15.1%
Op Mgn 3Y Avg-21.5%11.4%8.7%25.5%20.5%14.2%12.8%
QoQ Delta Op Mgn LTM7.1%-0.1%-0.3%0.1%-0.5%1.0%-0.0%
CFO/Rev LTM-9.3%17.3%-16.0%40.0%18.8%23.9%18.1%
CFO/Rev 3Y Avg-9.6%19.1%-1.1%38.8%18.0%20.4%18.6%
FCF/Rev LTM-13.5%16.2%-17.6%29.1%16.4%23.2%16.3%
FCF/Rev 3Y Avg-13.5%17.6%-2.7%25.3%15.6%19.3%16.6%

Valuation

SMRTALRMREZIADTALLEAPPFMedian
NameSmartRentAlarm.comResideo .ADT Allegion AppFolio  
Mkt Cap0.22.34.85.511.55.85.2
P/S1.52.20.61.12.85.81.8
P/Op Inc-7.917.17.64.213.433.910.5
P/EBIT-4.513.1-18.44.213.333.98.7
P/E-8.818.0-9.78.918.237.913.5
P/CFO-15.712.9-3.92.714.824.27.8
Total Yield-11.4%5.5%-10.4%14.6%7.0%2.6%4.1%
Dividend Yield0.0%0.0%0.0%3.3%1.6%0.0%0.0%
FCF Yield 3Y Avg-9.2%6.2%-1.6%20.8%5.1%2.4%3.8%
D/E0.00.20.71.40.20.00.2
Net D/E-0.40.00.61.40.1-0.00.1

Returns

SMRTALRMREZIADTALLEAPPFMedian
NameSmartRentAlarm.comResideo .ADT Allegion AppFolio  
1M Rtn-2.6%10.2%5.3%-0.8%2.2%7.3%3.7%
3M Rtn-31.7%0.1%-5.7%7.0%-7.8%-6.5%-6.1%
6M Rtn-44.9%-10.6%-12.5%-15.3%-16.1%-30.3%-15.7%
12M Rtn28.9%-17.6%54.1%-13.6%-0.0%-28.5%-6.8%
3Y Rtn-67.0%-7.3%82.5%21.2%19.4%-7.3%6.1%
1M Excs Rtn2.9%10.4%5.3%0.4%2.7%7.3%4.1%
3M Excs Rtn-43.8%-11.9%-17.7%-5.1%-19.9%-18.6%-18.2%
6M Excs Rtn-50.9%-19.7%-18.3%-22.0%-23.8%-38.3%-22.9%
12M Excs Rtn1.0%-43.9%26.2%-37.6%-25.0%-52.6%-31.3%
3Y Excs Rtn-142.4%-84.6%5.0%-55.2%-50.3%-70.8%-63.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment152175237  
Hardware   8770
Hosted services   4818
Professional services   3223
Total152175237168111


Operating Income by Segment
$ Mil202520242023
Single Segment-64-42-43
Total-64-42-43


Net Income by Segment
$ Mil202520242023
Single Segment-61-34-35
Total-61-34-35


Price Behavior

Price Behavior
Market Price$1.14 
Market Cap ($ Bil)0.2 
First Trading Date02/05/2021 
Distance from 52W High-46.2% 
   50 Days200 Days
DMA Price$1.29$1.55
DMA Trendindeterminatedown
Distance from DMA-11.9%-26.5%
 3M1YR
Volatility61.7%62.4%
Downside Capture274.97173.28
Upside Capture31.74156.82
Correlation (SPY)35.9%36.8%
SMRT Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-0.960.661.601.481.751.61
Up Beta-7.59-0.400.790.721.721.16
Down Beta3.833.922.612.562.241.99
Up Capture-61%-15%87%78%202%210%
Bmk +ve Days13283667141432
Stock +ve Days9182750103321
Down Capture89%291%222%176%135%113%
Bmk -ve Days7132757109318
Stock -ve Days9203367132382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SMRT
SMRT28.0%62.2%0.64-
Sector ETF (XLK)54.9%22.5%1.8629.5%
Equity (SPY)24.9%12.3%1.5236.4%
Gold (GLD)25.5%27.4%0.819.9%
Commodities (DBC)30.1%19.0%1.25-2.0%
Real Estate (VNQ)13.5%13.5%0.6913.8%
Bitcoin (BTCUSD)-41.7%42.2%-1.1624.2%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SMRT
SMRT-36.0%69.2%-0.35-
Sector ETF (XLK)22.4%25.1%0.7936.6%
Equity (SPY)13.5%17.1%0.6139.1%
Gold (GLD)16.8%18.2%0.755.4%
Commodities (DBC)8.4%19.4%0.334.6%
Real Estate (VNQ)2.8%18.8%0.0530.5%
Bitcoin (BTCUSD)13.6%54.4%0.4424.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SMRT
SMRT-20.4%67.2%-0.35-
Sector ETF (XLK)25.1%24.6%0.9235.6%
Equity (SPY)15.3%17.9%0.7338.3%
Gold (GLD)12.5%16.1%0.645.3%
Commodities (DBC)6.7%18.0%0.294.6%
Real Estate (VNQ)5.7%20.7%0.2429.9%
Bitcoin (BTCUSD)60.3%66.8%1.0022.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 51520262.6%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest1.4 days
Basic Shares Quantity191.7 Mil
Short % of Basic Shares1.0%

Returns Analyses

Earnings Returns History

Updated 6/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-18.2%-20.3%-18.9%
3/4/202616.2%22.1%-3.2%
11/5/20253.7%11.9%45.9%
8/6/202515.6%38.0%44.0%
5/7/20253.9%-8.9%3.0%
3/5/20257.1%-11.8%-9.4%
11/6/2024-7.4%-16.5%2.3%
8/7/2024-5.5%-7.3%1.8%
...
SUMMARY STATS   
# Positive11910
# Negative101211
Median Positive12.9%15.0%24.4%
Median Negative-6.8%-10.5%-9.9%
Max Positive20.7%39.3%45.9%
Max Negative-31.9%-32.6%-44.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/05/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/05/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/10/202310-Q
12/31/202203/08/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q

Insider Activity

Updated 6/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Bohjalian, Thomas N DirectBuy61020261.1175,00083,250800,379Form
2Martell, FrankChief Executive OfficerFrank D. and Donna M. Martell Family TrustBuy60520261.1340,26045,3533,633,555Form
3Martell, FrankChief Executive OfficerFrank D. and Donna M. Martell Family TrustBuy60520261.1920,00023,7283,779,000Form
4Ponathil, SangeethChief Information OfficerDirectBuy52720261.2510,00012,50012,500Form
5Martell, FrankChief Executive OfficerFrank D. and Donna M. Martell Family TrustBuy51320261.18100,000117,8503,730,266Form

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/13/2026