SmartRent Inc (SMRT) - Net Assets
Based on the latest financial reports, SmartRent Inc (SMRT) has net assets worth $234.41 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($335.80 Million) and total liabilities ($101.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SMRT tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $234.41 Million |
| % of Total Assets | 69.81% |
| Annual Growth Rate | 29.14% |
| 5-Year Change | 772.27% |
| 10-Year Change | N/A |
| Growth Volatility | 709.83 |
SmartRent Inc - Net Assets Trend (2017–2024)
This chart illustrates how SmartRent Inc's net assets have evolved over time, based on quarterly financial data. See how many days can SmartRent Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SmartRent Inc (2017–2024)
The table below shows the annual net assets of SmartRent Inc from 2017 to 2024. For live valuation and market cap data, see SMRT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $289.44 Million | -15.48% |
| 2023-12-31 | $342.45 Million | -5.97% |
| 2022-12-31 | $364.20 Million | -18.98% |
| 2021-12-31 | $449.50 Million | +1254.66% |
| 2020-12-31 | $33.18 Million | +1767.30% |
| 2019-12-31 | $1.78 Million | -95.86% |
| 2018-12-31 | $42.95 Million | -11.10% |
| 2017-12-31 | $48.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SmartRent Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33992900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.00K | 0.01% |
| Other Comprehensive Income | $-98.00K | -0.03% |
| Other Components | $637.36 Million | 220.21% |
| Total Equity | $289.44 Million | 100.00% |
SmartRent Inc Competitors by Market Cap
The table below lists competitors of SmartRent Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neto M.E Holdings Ltd
TA:NTO
|
$213.86 Million |
|
HansBiomed Corporation
KQ:042520
|
$213.87 Million |
|
Digimarc Corporation
NASDAQ:DMRC
|
$213.90 Million |
|
Stratec SE
XETRA:SBS
|
$213.94 Million |
|
ButOne Information Corp XiAn
SHG:600455
|
$213.77 Million |
|
Zhuhai Sailong Pharmaceutical Co Ltd
SHE:002898
|
$213.76 Million |
|
Auden Techno
TW:3138
|
$213.74 Million |
|
Dream Office Real Estate Investment Trust
TO:D-UN
|
$213.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SmartRent Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 342,448,000 to 289,435,000, a change of -53,013,000 (-15.5%).
- Net loss of 33,643,000 reduced equity.
- Share repurchases of 28,566,000 reduced equity.
- Other comprehensive income increased equity by 118,000.
- Other factors increased equity by 9,078,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.64 Million | -11.62% |
| Share Repurchases | $28.57 Million | -9.87% |
| Other Comprehensive Income | $118.00K | +0.04% |
| Other Changes | $9.08 Million | +3.14% |
| Total Change | $- | -15.48% |
Book Value vs Market Value Analysis
This analysis compares SmartRent Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.08x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $1.04 | $1.13 | x |
| 2018-12-31 | $0.92 | $1.13 | x |
| 2019-12-31 | $1.93 | $1.13 | x |
| 2020-12-31 | $3.20 | $1.13 | x |
| 2021-12-31 | $2.32 | $1.13 | x |
| 2022-12-31 | $1.86 | $1.13 | x |
| 2023-12-31 | $1.71 | $1.13 | x |
| 2024-12-31 | $1.45 | $1.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SmartRent Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.24%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.45x
- Recent ROE (-11.62%) is above the historical average (-265.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -50.34% | -1.83% | 2.76x | 10.00x | $-29.16 Million |
| 2018 | -14.37% | -0.48% | 2.91x | 10.18x | $-10.47 Million |
| 2019 | -1883.46% | -92.37% | 0.76x | 26.71x | $-33.65 Million |
| 2020 | -111.83% | -70.64% | 0.51x | 3.13x | $-40.43 Million |
| 2021 | -16.01% | -65.04% | 0.19x | 1.29x | $-116.91 Million |
| 2022 | -26.45% | -57.40% | 0.30x | 1.54x | $-132.74 Million |
| 2023 | -10.10% | -14.60% | 0.46x | 1.49x | $-68.83 Million |
| 2024 | -11.62% | -19.24% | 0.42x | 1.45x | $-62.59 Million |
Industry Comparison
This section compares SmartRent Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,131,819,470
- Average return on equity (ROE) among peers: 1.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmartRent Inc (SMRT) | $234.41 Million | -50.34% | 0.43x | $213.80 Million |
| Adobe Systems Incorporated (ADBE) | $13.26 Billion | 39.66% | 0.83x | $78.88 Billion |
| ADEIA CORP (ADEA) | $541.36 Million | 31.49% | 0.07x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $2.10 Billion | 18.83% | 0.53x | $87.31 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $41.09 Billion |
| AudioEye Inc (AEYE) | $4.80 Million | -64.05% | 5.71x | $71.03 Million |
| Agilysys Inc (AGYS) | $100.62 Million | -13.08% | 0.63x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $10.70 Million | 0.00% | 0.35x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $19.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $297.57 Million |
About SmartRent Inc
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 … Read more