Smartstop Self S Financials

STSFF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Smartstop Self S (STSFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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

Piotroski F-Score Weak

2/9

Smartstop Self S passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-10.88x

For every $1 of reported earnings, Smartstop Self S generates $-10.88 in operating cash flow ($64.0M OCF vs -$5.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

1.0x

Smartstop Self S earns $1.0 in operating income for every $1 of interest expense ($69.2M vs $72.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$237.0M

YoY+1.7%

5Y CAGR+16.7%

10Y CAGR+86.5%

Smartstop Self S generated $237.0M in revenue in fiscal year 2024. This represents an increase of 1.7% from the prior year.

EBITDA

$125.3M

YoY-4.2%

5Y CAGR+18.9%

Smartstop Self S's EBITDA was $125.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.2% from the prior year.

Free Cash Flow

N/A

Net Income

-$5.9M

YoY-150.5%

Smartstop Self S reported -$5.9M in net income in fiscal year 2024. This represents a decrease of 150.5% from the prior year.

EPS (Diluted)

$-0.78

YoY-500.0%

Smartstop Self S earned $-0.78 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 500.0% from the prior year.

Cash & Debt

$23.1M

YoY-48.7%

5Y CAGR-18.0%

10Y CAGR+13.5%

Smartstop Self S held $23.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Smartstop Self S had 0 shares outstanding in fiscal year 2024.

Gross Margin

65.7%

YoY-2.3pp

10Y CAGR+1.7pp

Smartstop Self S's gross margin was 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin

29.2%

YoY-1.1pp

5Y CAGR+18.6pp

10Y CAGR+514.2pp

Smartstop Self S's operating margin was 29.2% in fiscal year 2024, reflecting core business profitability. This is down 1.1 percentage points from the prior year.

Net Margin

-2.5%

YoY-7.5pp

5Y CAGR+20.4pp

10Y CAGR+512.5pp

Smartstop Self S's net profit margin was -2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

STSFF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$237.0M+1.7%	$233.0M+9.6%	$212.6M+26.0%	$168.8M+36.1%	$124.0M+13.2%	$109.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$155.7M-1.8%	$158.5M+7.8%	$147.1M	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$29.9M+9.1%	$27.5M-2.8%	$28.3M+21.4%	$23.3M+41.2%	$16.5M+57.4%	$10.5M
Operating Income	$69.2M-2.0%	$70.6M+7.2%	$65.9M+299.0%	$16.5M+178.1%	-$21.1M-282.4%	$11.6M
Interest Expense	$72.3M+17.0%	$61.8M+48.9%	$41.5M+24.3%	$33.4M-7.4%	$36.1M-4.0%	$37.6M
Income Tax	$1.5M+157.2%	-$2.6M-367.7%	-$555K+69.4%	-$1.8M+68.9%	-$5.8M	N/A
Net Income	-$5.9M-150.5%	$11.6M-46.3%	$21.7M+210.8%	-$19.6M+61.8%	-$51.2M-104.0%	-$25.1M
EPS (Diluted)	$-0.78-500.0%	$-0.13-150.0%	$0.26+170.3%	$-0.37+59.3%	$-0.91	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$70.4M+5.4%	$66.8M+2.1%	$65.4M+7.9%	$60.6M+2.5%	$59.2M+3.7%	$57.0M-0.9%	$57.6M-1.9%	$58.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$42.9M+8.2%	$39.6M-5.6%	$42.0M+4.4%	$40.2M+2.3%	$39.3M+5.8%	$37.2M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.4M-10.8%	$11.7M+49.0%	$7.8M+4.7%	$7.5M-4.0%	$7.8M+5.2%	$7.4M-0.4%	$7.5M+18.8%	$6.3M
Operating Income	$12.8M+24.5%	$10.3M-40.5%	$17.2M-3.4%	$17.8M+1.0%	$17.7M+10.5%	$16.0M-5.7%	$17.0M-6.4%	$18.1M
Interest Expense	$12.5M+4.1%	$12.0M-45.4%	$22.0M+13.7%	$19.4M+12.0%	$17.3M+4.5%	$16.6M+1.7%	$16.3M+2.2%	$15.9M
Income Tax	$615K+93.4%	$318K-47.5%	$606K+55.0%	$391K+12.7%	$347K+1.5%	$342K+120.2%	-$1.7M-60.9%	-$1.1M
Net Income	$5.2M+208.9%	-$4.8M+12.0%	-$5.5M-303.7%	$2.7M+479.9%	-$705K+57.0%	-$1.6M-169.6%	$2.4M-20.9%	$3.0M
EPS (Diluted)	$0.09+156.3%	$-0.16+54.3%	$-0.35-118.7%	$-0.160.0%	$-0.16+20.0%	$-0.20-100.0%	$-0.10-900.0%	$-0.01

STSFF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.0B+7.7%	$1.9B-2.6%	$1.9B+20.3%	$1.6B+26.2%	$1.3B-2.2%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.1M-48.7%	$45.1M+14.2%	$39.5M+6.0%	$37.3M-48.8%	$72.7M+16.7%	$62.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M-31.6%	$78.4M
Total Liabilities	$1.4B+21.1%	$1.1B+1.8%	$1.1B-12.8%	$1.3B+16.1%	$1.1B+41.7%	$775.8M
Current Liabilities	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
Total Equity	$325.7M-19.4%	$404.3M-13.5%	$467.4M+36.4%	$342.7M+87.0%	$183.2M-33.1%	$273.8M
Retained Earnings	-$185.6M-11.0%	-$167.3M-1.7%	-$164.5M+3.7%	-$170.8M-20.8%	-$141.4M-62.4%	-$87.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.4B+3.8%	$2.3B+8.9%	$2.1B+3.5%	$2.0B+8.8%	$1.9B-0.5%	$1.9B-0.5%	$1.9B+0.2%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$47.8M+26.7%	$37.7M+7.2%	$35.2M+52.2%	$23.1M-33.4%	$34.7M-11.4%	$39.2M-13.1%	$45.1M+31.7%	$34.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$400K+100.0%	$200K0.0%	$200K	N/A	N/A	N/A	N/A	N/A
Goodwill	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M0.0%	$53.6M
Total Liabilities	$1.1B+10.2%	$1.0B-31.7%	$1.5B+6.8%	$1.4B+18.1%	$1.2B+1.2%	$1.1B+1.3%	$1.1B+1.9%	$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-1.2%	$1.2B+301.6%	$303.0M-7.0%	$325.7M-11.0%	$365.8M-4.9%	$384.8M-4.8%	$404.3M-4.1%	$421.5M
Retained Earnings	-$197.2M+2.6%	-$202.4M-4.3%	-$194.1M-4.5%	-$185.6M-5.6%	-$175.7M-2.2%	-$171.9M-2.8%	-$167.3M-0.7%	-$166.2M

STSFF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$64.0M-12.5%	$73.2M-16.7%	$87.9M+49.6%	$58.8M+119.5%	$26.8M+174.1%	$9.8M
Capital Expenditures	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
Investing Cash Flow	-$180.9M-69160.3%	$262K+100.1%	-$205.2M-70.7%	-$120.2M-315.1%	-$29.0M+91.7%	-$347.8M
Financing Cash Flow	$94.8M+243.4%	-$66.1M-155.1%	$120.1M+367.6%	$25.7M+86.9%	$13.7M-96.5%	$392.2M
Dividends Paid	$37.4M-7.9%	$40.6M-17.8%	$49.4M+88.8%	$26.2M+36.5%	$19.2M+5.2%	$18.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$52.1M+550.3%	$8.0M-24.1%	$10.6M-0.5%	$10.6M-38.6%	$17.3M+19.8%	$14.4M+221.8%	$4.5M-80.9%	$23.4M
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	-$115.6M+30.0%	-$165.1M-134.9%	-$70.3M+30.1%	-$100.6M-700.6%	-$12.6M-1964.0%	-$609K+81.1%	-$3.2M+78.1%	-$14.7M
Financing Cash Flow	$74.8M-53.2%	$159.7M+127.0%	$70.4M-7.0%	$75.7M+999.6%	-$8.4M+59.4%	-$20.7M-355.3%	$8.1M+214.7%	-$7.1M
Dividends Paid	$22.2M+13.2%	$19.6M+82.1%	$10.8M+0.9%	$10.7M+19.8%	$8.9M+1.4%	$8.8M+1.2%	$8.7M+3.1%	$8.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

STSFF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	65.7%-2.3pp	68.0%-1.1pp	69.2%	N/A	N/A	N/A
Operating Margin	29.2%-1.1pp	30.3%-0.7pp	31.0%+21.2pp	9.8%+26.8pp	-17.1%-27.6pp	10.6%
Net Margin	-2.5%-7.5pp	5.0%-5.2pp	10.2%+21.8pp	-11.6%+29.7pp	-41.3%-18.4pp	-22.9%
Return on Equity	N/A	2.9%-1.8pp	4.6%	N/A	N/A	N/A
Return on Assets	-0.3%-0.9pp	0.6%-0.5pp	1.1%+2.3pp	-1.2%+2.8pp	-4.0%-2.1pp	-1.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.21+1.4	2.80+0.4	2.38-1.3	3.72-2.3	6.00+3.2	2.83
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	60.9%+1.6pp	59.3%-4.8pp	64.1%-2.2pp	66.3%-0.1pp	66.5%+1.3pp	65.1%	N/A	N/A
Operating Margin	18.1%+2.8pp	15.4%-11.0pp	26.3%-3.1pp	29.4%-0.5pp	29.9%+1.8pp	28.1%-1.4pp	29.5%-1.4pp	30.9%
Net Margin	7.4%+14.6pp	-7.2%+1.2pp	-8.3%-12.8pp	4.4%+5.6pp	-1.2%+1.7pp	-2.9%-7.0pp	4.1%-1.0pp	5.1%
Return on Equity	0.4%	N/A	N/A	0.8%	N/A	N/A	0.6%-0.1pp	0.7%
Return on Assets	0.2%+0.4pp	-0.2%+0.1pp	-0.3%-0.4pp	0.1%+0.2pp	-0.0%+0.1pp	-0.1%-0.2pp	0.1%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.92+0.1	0.82-4.0	4.83+0.6	4.21+1.0	3.17+0.2	2.98+0.2	2.80+0.2	2.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Smartstop Self S's annual revenue?

Smartstop Self S (STSFF) reported $237.0M in total revenue for fiscal year 2024. This represents a 1.7% 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 Self S's revenue growing?

Smartstop Self S (STSFF) revenue grew by 1.7% year-over-year, from $233.0M to $237.0M in fiscal year 2024.

Is Smartstop Self S profitable?

No, Smartstop Self S (STSFF) reported a net income of -$5.9M in fiscal year 2024, with a net profit margin of -2.5%.

What is Smartstop Self S's earnings per share (EPS)?

Smartstop Self S (STSFF) reported diluted earnings per share of $-0.78 for fiscal year 2024. This represents a -500.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Smartstop Self S's EBITDA?

Smartstop Self S (STSFF) had EBITDA of $125.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Smartstop Self S's gross margin?

Smartstop Self S (STSFF) had a gross margin of 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Smartstop Self S's operating margin?

Smartstop Self S (STSFF) had an operating margin of 29.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Smartstop Self S's net profit margin?

Smartstop Self S (STSFF) had a net profit margin of -2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Smartstop Self S's operating cash flow?

Smartstop Self S (STSFF) generated $64.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Smartstop Self S's total assets?

Smartstop Self S (STSFF) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Smartstop Self S have outstanding?

Smartstop Self S (STSFF) had 0 shares outstanding as of fiscal year 2024.

What is Smartstop Self S's debt-to-equity ratio?

Smartstop Self S (STSFF) had a debt-to-equity ratio of 4.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Smartstop Self S's return on assets (ROA)?

Smartstop Self S (STSFF) had a return on assets of -0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Smartstop Self S's Piotroski F-Score?

Smartstop Self S (STSFF) has a Piotroski F-Score of 2 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 Self S's earnings high quality?

Smartstop Self S (STSFF) has an earnings quality ratio of -10.88x, 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 Self S cover its interest payments?

Smartstop Self S (STSFF) 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.