SMRT

How does SmartRent's Q2 performance stack up against its key competitors in the proptech sector?

Created August 06, 2025 at 07:30 PM

Short answer:

Based on the information you’ve provided, there isn’t enough detail to make a direct, data‑driven comparison of SmartRent’s Q2 2025 performance with that of its prop‑tech peers. The news release only confirms that SmartRent has released its quarterly results, but it does not include any of the quantitative metrics (e.g., revenue, earnings, occupancy, ARR, cash‑flow, or key operating ratios) that would be required for a substantive benchmarking exercise.

What We Know From the Provided News

Item	Detail
Company	SmartRent (ticker: SMRT)
Reporting period	Q2 2025 (three months ended June 30 2025)
Source	Business Wire press release (dated 2025‑08‑06)
Content	Announcement that the company “reported financial results.” No specific figures (revenue, profit, cash flow, occupancy, etc.) are included in the snippet you shared.

Why a Direct Comparison isn’t Possible with the Current Data

Required Data for Comparison	Availability in the Provided News
Revenue (total / ARR)	Not provided
Revenue growth YoY/ QoQ	Not provided
Net income / EBITDA	Not provided
Adjusted EBITDA margin	Not provided
Occupancy/ unit‑level metrics (e.g., % of units managed, average rent per unit)	Not provided
Cash‑flow or balance‑sheet highlights (e.g., cash on hand, debt levels)	Not provided
Guidance or forward‑looking statements	Not provided
Key operational metrics (e.g., average time to lease, maintenance cost per unit, churn)	Not provided

Without any of these numbers for SmartRent, it’s impossible to:

Quantify whether the company grew faster or slower than peers.
Assess profitability relative to other prop‑tech platforms (e.g., RealPage, Yardi, AppFolio, VTS, or emerging niche players).
Gauge operational efficiency (e.g., cost per unit, maintenance response times) compared with industry benchmarks.

How You Could Compare SmartRent to Its Peers (If the Data Were Available)

Metric	Why It Matters in Prop‑Tech	Typical Competitors to Benchmark Against
Total Revenue / ARR	Indicates scale and market penetration.	RealPage (now part of RealPage), Yardi, AppFolio, VTS, TenantCloud
Revenue Growth Rate (YoY & QoQ)	Shows whether the company is expanding faster/slower than the market.	Same as above
Adjusted EBITDA / EBITDA Margin	Profitability after removing non‑core items—key for SaaS‑heavy models.	Same
Net Income (or loss) and EPS	Bottom‑line health and earnings per share, relevant to investors.	Same
Operating Cash Flow	Indicates the ability to fund growth without external financing.	Same
Gross Margin	High margins suggest strong pricing power and scalable software.	Same
Net Retention / Gross Retention	Shows ability to keep existing customers—a critical metric for subscription‑based businesses.	Same
Occupancy / Units Managed	Direct measure of market footprint in the real‑estate side of the business.	Same
Average Rent per Unit (or ARR per unit)	Indicates pricing power and asset‑level revenue generation.	Same
Churn Rate	Customer attrition; a low churn indicates product/market fit.	Same
Cash Position / Debt‑to‑Equity	Financial stability and ability to invest in product development.	Same
Guidance (next quarter/year)	Gives a forward‑looking view for comparison with analysts’ expectations.	Same

When you have the numbers for SmartRent, you would pull the same metrics from each competitor’s Q2 2025 earnings releases (or the most recent quarterly data) and then:

Create a side‑by‑side table (as above) to see where SmartRent stands on each metric.
Calculate growth rates (e.g., YoY revenue growth) for each company to gauge relative momentum.
Benchmark profitability (e.g., EBITDA margin) to see if SmartRent’s cost structure is more or less efficient.
Analyze cash and balance‑sheet strength to understand funding flexibility.
Assess operational metrics (e.g., unit‑per‑employee productivity, average lease‑up time) where available.

What to Do Next

Obtain SmartRent’s actual Q2 2025 figures (revenue, EBITDA, cash flow, unit‑level metrics) from the full Business Wire release or the company’s SEC filings (e.g., Form 10‑Q).
Collect the same metrics for key competitors for the same quarter (or the most recent quarter) from their earnings releases, investor presentations, or SEC filings.
Perform a comparative analysis using the framework above.
If you need a deeper dive, consider using industry‑wide data sources (e.g., PitchBook, CB Insights, S&P Capital IQ) to benchmark against a broader set of prop‑tech players, including private‑equity‑backed firms that may not be public but have disclosed financials in fundraising materials.

Bottom Line

We cannot evaluate SmartRent’s Q2 performance relative to its competitors with the limited information provided.
To conduct a meaningful comparison, you’ll need detailed financial and operating metrics from both SmartRent and its peer set.
Once you have those numbers, the framework above will let you see whether SmartRent is out‑performing, on‑par, or lagging behind its key prop‑tech rivals.