SMRT (SmartRent) EBIT: $-42.1 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SMRT SmartRent Inc SMRT
75 GF Score
Price $1.36
GF Value $1.47
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is SmartRent EBIT?

SmartRent SMRT +0.74% 75 EBIT is $-42.1 Mil as of Jun. 2026. GuruFocus rates SMRT with a GF Score™ of 75/100 and a GF Value™ of $1.47 (Fairly Valued). The stock has 3 warning signs investors should review.

SmartRent's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was $-5.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $-42.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SmartRent's annualized ROC % for the quarter that ended in Jun. 2026 was -13.41%. SmartRent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -66.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SmartRent's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -24.32%.


SmartRent  (NYSE:SMRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SmartRent's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-25.844 * ( 1 - 2.79% )/( (189.496 + 185.132)/ 2 )
=-25.1229524/187.314
=-13.41 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SmartRent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-22.856/( ( (7.559 + max(27.034, 0)) + (7.271 + max(27.053, 0)) )/ 2 )
=-22.856/( ( 34.593 + 34.324 )/ 2 )
=-22.856/34.4585
=-66.33 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.753 + 24.397 + 8.603) - (11.919 + 24.92 + 5.88)
=27.034

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.105 + 21.331 + 10.301) - (15.904 + 19.022 + 7.758)
=27.053

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SmartRent's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=-42.117/173.159
=-24.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


SmartRent EBIT Related Terms


SmartRent EBIT Historical Data

* Premium members only.

The historical data trend for SmartRent's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SmartRent EBIT Chart

SmartRent Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -71.65 -104.25 -34.30 -32.98 -60.14

SmartRent Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.80 -7.03 -25.07 -4.31 -5.71

SMRT vs TONX, MRT, EGAN: EBIT Comparison

For the Software - Application subindustry, SmartRent's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SmartRent EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, SmartRent's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SmartRent's EV-to-EBIT falls into.


SMRT
75GF Score
SmartRent Inc SMRT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SmartRent EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-42.1 Mil mean?
SmartRent (SMRT) has a EBIT of $-42.1 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SmartRent.
Is SmartRent's EBIT too high?
SmartRent's current EBIT is $-42.1 Mil. Overall, SmartRent has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SmartRent's EBIT compare to TONX and MRT?
SmartRent's EBIT of $-42.1 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SmartRent. SmartRent's current EBIT is $-42.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartRent stock overvalued right now?
Based on GuruFocus' analysis, SmartRent (SMRT) is currently considered Fairly Valued. The stock's GF Value™ is $1.47, compared to a current price of $1.36 — trading 7.5% below its estimated fair value. The current EBIT is $-42.1 Mil. SmartRent's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For SmartRent (SMRT), the current EBIT is $-42.1 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SmartRent (SMRT) Overvalued in 2026?

Based on GuruFocus' analysis, SmartRent stock appears to be undervalued. The current stock price of $1.36 is trading 7.5% below its estimated GF Value™ of $1.47. GuruFocus considers SmartRent to be Fairly Valued.

Key valuation signals for SMRT:

  • EBIT: $-42.1 Mil
  • GF Value™: $1.47 vs. price of $1.36 (7.5% below fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the SMRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SmartRent Business Description

Address 6811 East Mayo Boulevard, 4th Floor, Phoenix, AZ, USA, 85054
SmartRent Inc is an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers, and residents. The company's suite of products and services, which includes cloud-based software-as-a-service ("SaaS") solutions, many of which are enabled by smart building hardware, provides visibility and control over real estate assets. Geographically, it operates in the United States and internationally; the majority of revenue is generated from the United States. The company generates key revenue from Hardware and Saas.
75GF Score

Get the complete analysis for SMRT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.36
Price
$1.47
GF Value