SmartStop Sf Str Financials
This page shows SmartStop Sf Str (SSST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
SmartStop Sf Str has an operating margin of 21.0%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is down from 29.2% the prior year.
SmartStop Sf Str's revenue surged 18.6% year-over-year to $281.1M, reflecting rapid business expansion. This strong growth earns a score of 64/100.
SmartStop Sf Str carries a low D/E ratio of 0.98, meaning only $0.98 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.
SmartStop Sf Str generates a -0.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is up from -5.6% the prior year.
SmartStop Sf Str passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, SmartStop Sf Str generates $-9.70 in operating cash flow ($85.0M OCF vs -$8.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
SmartStop Sf Str earns $1.0 in operating income for every $1 of interest expense ($59.1M vs $59.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
SmartStop Sf Str generated $281.1M in revenue in fiscal year 2025. This represents an increase of 18.6% from the prior year.
SmartStop Sf Str's EBITDA was $132.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.6% from the prior year.
SmartStop Sf Str reported -$8.8M in net income in fiscal year 2025. This represents an increase of 52.3% from the prior year.
Cash & Balance Sheet
SmartStop Sf Str held $54.2M in cash against $0 in long-term debt as of fiscal year 2025.
SmartStop Sf Str had 55M shares outstanding in fiscal year 2025.
Margins & Returns
SmartStop Sf Str's gross margin was 61.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the prior year.
SmartStop Sf Str's operating margin was 21.0% in fiscal year 2025, reflecting core business profitability. This is down 8.2 percentage points from the prior year.
SmartStop Sf Str's net profit margin was -3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.
SmartStop Sf Str's ROE was -0.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.9 percentage points from the prior year.
Capital Allocation
SSST Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $78.4M+11.4% | $70.4M+5.4% | $66.8M+2.1% | $65.4M+7.9% | $60.6M+0.8% | $60.2M+1.7% | $59.2M+3.7% | $57.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $48.0M+12.0% | $42.9M+8.2% | $39.6M-5.6% | $42.0M+4.4% | $40.2M+3.2% | $39.0M-0.8% | $39.3M+5.8% | $37.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.2M-21.1% | $10.4M-10.8% | $11.7M+49.0% | $7.8M+4.7% | $7.5M+4.0% | $7.2M-7.7% | $7.8M+5.2% | $7.4M |
| Operating Income | $18.8M+47.3% | $12.8M+24.5% | $10.3M-40.5% | $17.2M-3.4% | $17.8M+0.8% | $17.7M+0.1% | $17.7M+10.5% | $16.0M |
| Interest Expense | $13.3M+6.4% | $12.5M+4.1% | $12.0M-45.4% | $22.0M+13.7% | $19.4M+1.4% | $19.1M+10.5% | $17.3M+4.5% | $16.6M |
| Income Tax | $362K-41.1% | $615K+93.4% | $318K-47.5% | $606K+55.0% | $391K-3.2% | $404K+16.4% | $347K+1.5% | $342K |
| Net Income | -$3.7M-171.4% | $5.2M+208.9% | -$4.8M+12.0% | -$5.5M+44.4% | -$9.8M-57.8% | -$6.2M-782.3% | -$705K+57.0% | -$1.6M |
| EPS (Diluted) | N/A | $0.09+156.3% | $-0.16+54.3% | $-0.35 | N/A | $-0.26-62.5% | $-0.16+20.0% | $-0.20 |
SSST Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+1.7% | $2.4B+3.8% | $2.3B+8.9% | $2.1B+3.5% | $2.0B+5.4% | $1.9B+3.2% | $1.9B-0.5% | $1.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $54.2M+13.4% | $47.8M+26.7% | $37.7M+7.2% | $35.2M+52.2% | $23.1M-37.0% | $36.7M+5.8% | $34.7M-11.4% | $39.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $400K+100.0% | $200K0.0% | $200K | N/A | N/A | N/A | N/A |
| Goodwill | $70.0M+30.4% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M |
| Total Liabilities | $1.2B+4.6% | $1.1B+10.2% | $1.0B-31.7% | $1.5B+6.8% | $1.4B+9.6% | $1.3B+7.7% | $1.2B+1.2% | $1.1B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B-1.8% | $1.2B-1.2% | $1.2B+301.6% | $303.0M-7.0% | $325.7M-5.3% | $343.9M-6.0% | $365.8M-4.9% | $384.8M |
| Retained Earnings | -$194.4M+1.4% | -$197.2M+2.6% | -$202.4M-4.3% | -$194.1M-4.5% | -$185.6M-2.0% | -$182.0M-3.5% | -$175.7M-2.2% | -$171.9M |
SSST Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.4M-72.4% | $52.1M+550.3% | $8.0M-24.1% | $10.6M-0.5% | $10.6M-51.2% | $21.7M+26.0% | $17.3M+19.8% | $14.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$29.7M+74.3% | -$115.6M+30.0% | -$165.1M-134.9% | -$70.3M+30.1% | -$100.6M-49.9% | -$67.1M-434.0% | -$12.6M-1964.0% | -$609K |
| Financing Cash Flow | $20.3M-72.8% | $74.8M-53.2% | $159.7M+127.0% | $70.4M-7.0% | $75.7M+56.9% | $48.2M+673.2% | -$8.4M+59.4% | -$20.7M |
| Dividends Paid | $22.2M-0.2% | $22.2M+13.2% | $19.6M+82.1% | $10.8M+0.9% | $10.7M+19.5% | $9.0M+0.3% | $8.9M+1.4% | $8.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SSST Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.2%+0.3pp | 60.9%+1.6pp | 59.3%-4.8pp | 64.1%-2.2pp | 66.3%+1.5pp | 64.8%-1.6pp | 66.5%+1.3pp | 65.1% |
| Operating Margin | 24.0%+5.8pp | 18.1%+2.8pp | 15.4%-11.0pp | 26.3%-3.1pp | 29.4%0.0pp | 29.4%-0.5pp | 29.9%+1.8pp | 28.1% |
| Net Margin | -4.8%-12.2pp | 7.4%+14.6pp | -7.2%+1.2pp | -8.3%+7.8pp | -16.2%-5.8pp | -10.3%-9.2pp | -1.2%+1.7pp | -2.9% |
| Return on Equity | -0.3%-0.8pp | 0.4%+0.8pp | -0.4%+1.4pp | -1.8%+1.2pp | -3.0%-1.2pp | -1.8%-1.6pp | -0.2%+0.2pp | -0.4% |
| Return on Assets | -0.1%-0.4pp | 0.2%+0.4pp | -0.2%+0.1pp | -0.3%+0.2pp | -0.5%-0.2pp | -0.3%-0.3pp | -0.0%+0.1pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.98+0.1 | 0.92+0.1 | 0.82-4.0 | 4.83+0.6 | 4.21+0.6 | 3.64+0.5 | 3.17+0.2 | 2.98 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is SmartStop Sf Str's annual revenue?
SmartStop Sf Str (SSST) reported $281.1M in total revenue for fiscal year 2025. This represents a 18.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is SmartStop Sf Str's revenue growing?
SmartStop Sf Str (SSST) revenue grew by 18.6% year-over-year, from $237.0M to $281.1M in fiscal year 2025.
Is SmartStop Sf Str profitable?
No, SmartStop Sf Str (SSST) reported a net income of -$8.8M in fiscal year 2025, with a net profit margin of -3.1%.
What is SmartStop Sf Str's EBITDA?
SmartStop Sf Str (SSST) had EBITDA of $132.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is SmartStop Sf Str's gross margin?
SmartStop Sf Str (SSST) had a gross margin of 61.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is SmartStop Sf Str's operating margin?
SmartStop Sf Str (SSST) had an operating margin of 21.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is SmartStop Sf Str's net profit margin?
SmartStop Sf Str (SSST) had a net profit margin of -3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is SmartStop Sf Str's return on equity (ROE)?
SmartStop Sf Str (SSST) has a return on equity of -0.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is SmartStop Sf Str's operating cash flow?
SmartStop Sf Str (SSST) generated $85.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SmartStop Sf Str's total assets?
SmartStop Sf Str (SSST) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is SmartStop Sf Str's debt-to-equity ratio?
SmartStop Sf Str (SSST) had a debt-to-equity ratio of 0.98 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SmartStop Sf Str's return on assets (ROA)?
SmartStop Sf Str (SSST) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SmartStop Sf Str's Piotroski F-Score?
SmartStop Sf Str (SSST) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SmartStop Sf Str's earnings high quality?
SmartStop Sf Str (SSST) has an earnings quality ratio of -9.70x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can SmartStop Sf Str cover its interest payments?
SmartStop Sf Str (SSST) has an interest coverage ratio of 1.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is SmartStop Sf Str?
SmartStop Sf Str (SSST) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.