Smartstop Self S Financials
This page shows Smartstop Self S (STSFF) 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).
STSFF’s results are driven less by reported earnings than by asset-heavy cash flow and a deleveraging balance-sheet reset.
Across FY2023-FY2025, operating cash flow remained positive while net income remained negative, showing that large depreciation charges are a bigger driver of reported losses than day-to-day cash generation. The more important FY2025 shift is balance-sheet repair: debt-to-equity fell to 1.0x from 4.2x, and lower interest expense helped narrow the loss even as operating margin slipped.
FY2025 dividends paid of
FY2025 revenue reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Smartstop Self S's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Smartstop Self S 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 79/100, reflecting efficient cost management and pricing power. This is down from 29.2% the prior year.
Smartstop Self S's revenue surged 18.6% year-over-year to $281.1M, reflecting rapid business expansion. This strong growth earns a score of 50/100.
Smartstop Self S 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 Self S generates a -0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -1.8% the prior year.
Smartstop Self S 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 Self S generates $-48.92 in operating cash flow ($85.0M OCF vs -$1.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Smartstop Self S 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 Self S generated $281.1M in revenue in fiscal year 2025. This represents an increase of 18.6% from the prior year.
Smartstop Self S'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 Self S reported -$1.7M in net income in fiscal year 2025. This represents an increase of 70.5% from the prior year.
Cash & Balance Sheet
Smartstop Self S held $54.2M in cash against $0 in long-term debt as of fiscal year 2025.
Smartstop Self S had 55M shares outstanding in fiscal year 2025.
Margins & Returns
Smartstop Self S'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 Self S'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 Self S's net profit margin was -0.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Smartstop Self S's ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
STSFF Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $78.3M-0.2% | $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 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $44.9M-6.5% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.1M+11.0% | $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 |
| Operating Income | $16.2M-13.8% | $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 |
| Interest Expense | $13.1M-1.4% | $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 |
| Income Tax | $331K-8.6% | $362K-41.1% | $615K+93.4% | $318K-47.5% | $606K+55.0% | $391K-3.2% | $404K+16.4% | $347K |
| Net Income | $9.6M+53.5% | $6.2M+19.4% | $5.2M+208.9% | -$4.8M+42.9% | -$8.4M-413.9% | $2.7M+143.1% | -$6.2M-782.3% | -$705K |
| EPS (Diluted) | N/A | N/A | $0.09+156.3% | $-0.16+54.3% | $-0.35 | N/A | $-0.26-62.5% | $-0.16 |
STSFF Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-0.4% | $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 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $38.2M-29.5% | $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 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $400K+100.0% | $200K0.0% | $200K | N/A | N/A | N/A |
| Goodwill | $70.0M0.0% | $70.0M+30.4% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M |
| Total Liabilities | $1.2B0.0% | $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 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.1B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B-1.1% | $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 |
| Retained Earnings | -$184.8M+4.9% | -$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 |
STSFF Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.2M+68.8% | $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 |
| 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 | -$16.0M+46.1% | -$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 |
| Financing Cash Flow | -$23.2M-214.2% | $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 |
| Dividends Paid | $21.8M-1.6% | $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 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
STSFF Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3%-3.9pp | 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% |
| Operating Margin | 20.7%-3.3pp | 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% |
| Net Margin | 12.2%+4.3pp | 8.0%+0.5pp | 7.4%+14.6pp | -7.2%+5.7pp | -12.8%-17.3pp | 4.4%+14.8pp | -10.3%-9.2pp | -1.2% |
| Return on Equity | 0.8%+0.3pp | 0.5%+0.1pp | 0.4%+0.8pp | -0.4%+2.4pp | -2.8%-3.6pp | 0.8%+2.6pp | -1.8%-1.6pp | -0.2% |
| Return on Assets | 0.4%+0.1pp | 0.3%+0.0pp | 0.2%+0.4pp | -0.2%+0.2pp | -0.4%-0.5pp | 0.1%+0.5pp | -0.3%-0.3pp | -0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.94-0.0 | 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 |
| 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 $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 Self S's revenue growing?
Smartstop Self S (STSFF) revenue grew by 18.6% year-over-year, from $237.0M to $281.1M in fiscal year 2025.
Is Smartstop Self S profitable?
No, Smartstop Self S (STSFF) reported a net income of -$1.7M in fiscal year 2025, with a net profit margin of -0.6%.
What is Smartstop Self S's EBITDA?
Smartstop Self S (STSFF) had EBITDA of $132.3M in fiscal year 2025, 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 61.4% in fiscal year 2025, 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 21.0% in fiscal year 2025, 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 -0.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Smartstop Self S's return on equity (ROE)?
Smartstop Self S (STSFF) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Smartstop Self S's operating cash flow?
Smartstop Self S (STSFF) generated $85.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Smartstop Self S's total assets?
Smartstop Self S (STSFF) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Smartstop Self S's debt-to-equity ratio?
Smartstop Self S (STSFF) 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 Self S's return on assets (ROA)?
Smartstop Self S (STSFF) had a return on assets of -0.1% for fiscal year 2025, 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 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 to 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 -48.92x, 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.
How financially healthy is Smartstop Self S?
Smartstop Self S (STSFF) scores 37 out of 100 on our Financial Profile, indicating weak 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.