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SmartRent (SmartRent) Pretax Margin % : -5.62% (As of Dec. 2023)


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What is SmartRent Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SmartRent's Pre-Tax Income for the three months ended in Dec. 2023 was $-3.4 Mil. SmartRent's Revenue for the three months ended in Dec. 2023 was $60.3 Mil. Therefore, SmartRent's pretax margin for the quarter that ended in Dec. 2023 was -5.62%.

The historical rank and industry rank for SmartRent's Pretax Margin % or its related term are showing as below:

SMRT' s Pretax Margin % Range Over the Past 10 Years
Min: -70.35   Med: -62.78   Max: -14.65
Current: -14.65


SMRT's Pretax Margin % is ranked worse than
70.69% of 2760 companies
in the Software industry
Industry Median: 2.24 vs SMRT: -14.65

SmartRent Pretax Margin % Historical Data

The historical data trend for SmartRent's Pretax Margin % 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.

* Premium members only.

SmartRent Pretax Margin % Chart

SmartRent Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Pretax Margin %
-70.35 -64.94 -60.61 -14.65

SmartRent Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.89 -20.32 -19.35 -13.35 -5.62

Competitive Comparison of SmartRent's Pretax Margin %

For the Software - Application subindustry, SmartRent's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, SmartRent's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where SmartRent's Pretax Margin % falls into.



SmartRent Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

SmartRent's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-34.695/236.838
=-14.65 %

SmartRent's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-3.386/60.253
=-5.62 %

* 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  (NYSE:SMRT) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


SmartRent Pretax Margin % Related Terms

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SmartRent (SmartRent) Business Description

Traded in Other Exchanges
N/A
Address
8665 E. Hartford Drive, Suite 200, Scottsdale, AZ, USA, 85255
SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.
Executives
Alana Beard director 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Bruce C Strohm director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Isaiah Derose-wilson officer: Chief Technology Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Kristen Morse Lee officer: General Counsel 8665 E HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ 85255
Robert T. Best director 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Bain Capital Venture Fund 2019, L.p. 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Christopher Jon Edmonds officer: Chief Revenue Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Demetrios Barnes officer: Chief Operating Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Mitch Karren officer: Chief Product Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Robyn Young officer: Chief Marketing Officer 8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 855255
Hiroshi Okamoto officer: CFO 8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 85255
John Hanson Helm 10 percent owner C/O REAL ESTATE TECHNOLOGY VENTURES, 136 HEBER AVE, SUITE 304, PARK CITY UT 84060
Brian M Roberts officer: Chief Legal Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Jonathan Wolter officer: Chief Financial Officer 1235 RADIO ROAD, SUITE 110, REDWOOD CITY CA 94065
Lucas Merwan Haldeman director, officer: Chief Executive Officer 18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255