For the quarter ending 2025-09-30, SMRT had -$5,022K decrease in cash & cash equivalents over the period. -$2,223K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenue | 115,854 | - |
| Cost of revenue | 80,055 | - |
| Gross profit | 35,799 | - |
| Operating expenses excluding stock compensation and depreciation and amortization | 60,639 | - |
| Stock compensation | 6,597 | - |
| Depreciation and amortization | 3,635 | - |
| Total operating expense | 70,871 | - |
| Impairment charge | 24,929 | - |
| Loss from operations | -60,001 | - |
| Other segment items | -2,687 | - |
| Net loss | -6,270 | -51,044 |
| Depreciation and amortization | 2,201 | 4,009 |
| Goodwill impairment | 0 | 24,929 |
| Provision for warranty expense | 121 | 497 |
| Non-cash lease expense | 150 | 449 |
| Stock-based compensation | 2,084 | 4,997 |
| Change in fair value of earnout related to acquisition | 0 | -294 |
| Non-cash interest expense | 32 | 72 |
| Provision for excess and obsolete inventory | 3,258 | 594 |
| Provision for expected credit losses | -469 | 141 |
| Accounts receivable | -6,964 | -897 |
| Inventory | -2,012 | -1,378 |
| Deferred cost of revenue | -1,963 | -5,108 |
| Prepaid expenses and other assets | 1,796 | 2,821 |
| Accounts payable | -964 | 2,914 |
| Accrued expenses and other liabilities | -3,715 | 2,584 |
| Deferred revenue | -7,600 | -21,311 |
| Lease liabilities | -104 | -198 |
| Net cash used in operating activities | -2,133 | -27,099 |
| Purchase of property and equipment | 90 | 3,462 |
| Capitalized software costs | 1,001 | 2,388 |
| Net cash used in investing activities | -1,091 | -5,850 |
| Payments for repurchases of class a common stock | 0 | 4,918 |
| Proceeds from espp purchases | 110 | 175 |
| Taxes paid related to net share settlements of stock-based compensation awards | 374 | 523 |
| Payment of earnout related to acquisition | 1,466 | - |
| Net cash used in financing activities | -1,730 | -5,266 |
| Effect of exchange rate changes on cash and cash equivalents | -68 | 777 |
| Net decrease in cash, cash equivalents, and restricted cash | -5,022 | -37,438 |
| Cash and cash equivalents at beginning of period | 142,482 | - |
| Cash and cash equivalents at end of period | 100,022 | - |
SmartRent, Inc. (SMRT)
SmartRent, Inc. (SMRT)