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SmartRent Inc (SMRT)



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Upturn Advisory Summary
08/28/2025: SMRT (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $1.48
1 Year Target Price $1.48
0 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.7% | Avg. Invested days 27 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 276.46M USD | Price to earnings Ratio - | 1Y Target Price 1.48 |
Price to earnings Ratio - | 1Y Target Price 1.48 | ||
Volume (30-day avg) 2 | Beta 1.82 | 52 Weeks Range 0.67 - 1.99 | Updated Date 08/29/2025 |
52 Weeks Range 0.67 - 1.99 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.38 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-06 | When - | Estimate -0.04 | Actual -0.06 |
Profitability
Profit Margin -46.54% | Operating Margin (TTM) -31.24% |
Management Effectiveness
Return on Assets (TTM) -8.19% | Return on Equity (TTM) -25.48% |
Valuation
Trailing PE - | Forward PE 47.62 | Enterprise Value 174073396 | Price to Sales(TTM) 1.78 |
Enterprise Value 174073396 | Price to Sales(TTM) 1.78 | ||
Enterprise Value to Revenue 1.12 | Enterprise Value to EBITDA -6.21 | Shares Outstanding 188071008 | Shares Floating 159056964 |
Shares Outstanding 188071008 | Shares Floating 159056964 | ||
Percent Insiders 16.07 | Percent Institutions 54.3 |
Upturn AI SWOT
SmartRent Inc
Company Overview
History and Background
SmartRent, Inc. was founded in 2017, going public via SPAC in 2021. It provides smart home automation solutions for property managers and residents, aiming to streamline operations and improve the resident experience.
Core Business Areas
- Smart Home Automation: Offers a suite of smart devices and software platform for property management, including smart locks, thermostats, sensors, and resident mobile app.
- Managed Services: Provides professional installation, maintenance, and support services for its smart home systems.
- Software Platform: A cloud-based platform integrating device control, resident communication, and property management workflows.
Leadership and Structure
Lucas Haldeman serves as the CEO. The company operates with a typical corporate structure, including departments for sales, marketing, engineering, operations, and finance.
Top Products and Market Share
Key Offerings
- Smart Locks: SmartRent offers a variety of smart locks, including keyless entry systems. Competitors include Schlage, Yale, and August. Specific market share data is difficult to obtain, but SmartRent holds a significant portion of the multifamily smart lock market. Competitors: Schlage, Yale, August
- Smart Thermostats: SmartRent's smart thermostats help residents control temperature and energy consumption. Competitors include Nest, ecobee, and Honeywell. Competitors: Nest, Ecobee, Honeywell
- Smart Sensors: SmartRent's sensors monitor for water leaks, smoke, and other hazards. Competitors: Roost, Notion. Competitors: Roost, Notion
- Alloy Access Platform: An access management platform designed for multi-family resident access and security. Includes integrated locks and security devices. Competitors: Entrata, RealPage
Market Dynamics
Industry Overview
The smart home market, especially in the multifamily sector, is experiencing rapid growth. Increased demand for convenience, energy efficiency, and enhanced security is driving adoption.
Positioning
SmartRent positions itself as a leading provider of integrated smart home solutions for the multifamily industry, offering a comprehensive platform and services. Competitive advantages include its full-stack solution, focus on the multifamily market, and established partnerships.
Total Addressable Market (TAM)
The TAM for smart apartment technology is estimated to be in the billions of dollars, driven by the large number of multifamily units in the US and globally. SmartRent is positioned to capture a significant portion of this TAM through its comprehensive platform and focus on the multifamily market.
Upturn SWOT Analysis
Strengths
- Comprehensive Product Suite
- Focus on Multifamily Market
- Established Partnerships
- Strong Technological Expertise
Weaknesses
- Dependence on Housing Market
- Relatively Short Operating History
- Potential for Integration Issues
- Customer concentration risk
Opportunities
- Expansion into New Geographies
- Development of New Products and Services
- Partnerships with Property Management Software Providers
- Increased Adoption of Smart Home Technology
Threats
- Increased Competition
- Economic Downturn
- Changes in Technology
- Data Security and Privacy Concerns
Competitors and Market Share
Key Competitors
- ALRM
- ADT
- AAPL
Competitive Landscape
SmartRent competes with larger, more established players in the security and home automation markets. Its focus on the multifamily market provides a competitive advantage, but it also faces challenges from competitors with broader product portfolios and deeper pockets. Their strength lies in an integrated solution but it also makes it more expensive to implement and maintain
Major Acquisitions
iHomefinder
- Year: 2022
- Acquisition Price (USD millions): 17
- Strategic Rationale: To enhance its resident portal and integrate more real estate-centric features.
Growth Trajectory and Initiatives
Historical Growth: SmartRent has experienced rapid revenue growth in recent years, driven by increased adoption of smart home technology in the multifamily market.
Future Projections: Future growth projections would depend on analyst estimates and market trends. Factors like housing starts, interest rates, and adoption rates of smart home technology would influence these projections.
Recent Initiatives: Recent initiatives may include new product launches, partnerships, and geographic expansion. These would be detailed in company press releases and investor presentations.
Summary
SmartRent has shown rapid growth in the multifamily smart home market. Its comprehensive product suite and strategic partnerships provide a strong foundation. The reliance on the housing market could be a problem. They will need to expand their solution to other sectors to maintain strong growth and long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q), Company Press Releases, Market Research Reports, Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share and financial data are estimates and may vary. Investment decisions should be based on thorough due diligence and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SmartRent Inc
Exchange NYSE | Headquaters Scottsdale, AZ, United States | ||
IPO Launch date 2021-02-05 | CEO, President & Director Mr. Frank D. Martell | ||
Sector Technology | Industry Software - Application | Full time employees 494 | Website https://smartrent.com |
Full time employees 494 | Website https://smartrent.com |
SmartRent, Inc., an enterprise real estate technology company, provides management software and applications to rental property owners and operators, property managers, homebuilders, developers, and residents in the United States and internationally. Its smart building hardware and cloud-based software-as-a-service solutions are designed to enhance visibility and control their real estate assets while providing 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, community and resident Wi-Fi, asset protection and monitoring, parking management, and self-guided tours. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.

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