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SmartRent SMRT Q1 2026 earnings

Reported May 6, 2026 · Before market open

Revenue$36.6MMiss by $190.5K
EPS-$0.02In line
Revenue estimate$36.8M
EPS estimate-$0.02

Next report

Nov 4, 2026 (in a month)
Revenue estimate$39.9M
EPS estimate-$0.02

Financials

Q1 2026

Income statement

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Revenue$38.7M-6.4%
Gross profit$15.1M+11.5%
Operating income-$5.1M+87.7%
Net income-$4.4M+88.9%
EPS (diluted)-$0.02+90.5%

Balance sheet

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Cash & equivalents$98.8M-21.3%
Total equity$230.7M-8.0%
Total assets$300.2M-18.0%

Cash flow

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Operating cash flow-$4.5M+62.7%
CapEx$30.0K-98.6%
Free cash flow-$4.6M+68.1%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$288.34M+23.7%
P/S1.9×+0.5×

Profitability

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Gross margin34.4%+1.5pp
Operating margin-18.6%-6.8pp
Net margin-16.6%-6.1pp

Returns & leverage

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Return on equity-10.3%-3.6pp
Current ratio3.9×+0.9×

Segments

By segment

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Smart Apartments$32.4M-7.8%
Smart Operations Solutions$2.4M-14.2%
Access Control$2.4M+44.4%
Other Smart Communities Solutions$1.5M-15.0%

By product

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Hardware Service$15.4M-18.3%
Software As A Service$15.2M+9.0%
Professional Services$6.0M+55.0%
Deferred Hub Amortization$2.1M-56.0%

FAQ

When did SmartRent report Q1 2026 earnings?
SmartRent (SMRT) reported Q1 2026 earnings on May 6, 2026 before market open.
What were SmartRent's Q1 2026 revenue and EPS?
SmartRent reported revenue of $36.6M and eps of $-0.02 for Q1 2026.
Did SmartRent beat estimates in Q1 2026?
Revenue missed the consensus estimate of $36.8M by $190.5K. EPS beat the consensus estimate of $-0.02 by $0.00.
How did SmartRent's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 11.4% from $41.3M a year earlier and eps grew 60.0% from $-0.05.
Where can I find SmartRent's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-207626) and the 10-Q periodic report (0001193125-26-207630) directly on SEC EDGAR. The filing index links above go to sec.gov.