What is SmartRent's capex?

SmartRent (SMRT) reported capex of $30K in Q1 2026.

How has SmartRent's capex changed year-over-year?

SmartRent's capex decreased by 98.6% year-over-year, from $2.18M to $30K.

What is the long-term trend for SmartRent's capex?

Over 4 years (2021 to 2025), SmartRent's capex has grown at a 24.7% compound annual growth rate (CAGR), from $1.47M to $3.55M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

SmartRent SMRT CapEx

CapEx at other companies

Alarm.com HoldingsALRM

$912K-85.1%

CalixCALX

$8.12M+88.4%

Mid-America Apartment CommunitiesMAA

$58.37M-19.6%

ItronITRI

$6.53M+40.7%

AppFolioAPPF

$231K+0.4%

BlackLineBL

$2.12M-64.4%

Other financials

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 debt$7.0M-7.8%

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%

Free cash flow-$4.6M+68.1%

Valuation

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Market cap$229.48M+27.8%

P/S1.5×+0.4×

Profitability

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Gross margin34.4%+1.5pp

Operating margin-18.6%-6.8pp

Net margin-16.6%-6.1pp

FCF margin-30.4%-43.6pp

Returns & leverage

See full

Return on equity-10.3%-3.6pp

Debt / equity0×0.0×

Current ratio3.9×+0.9×

Where this comes from

Reported directly by SmartRent in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: SmartRent’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SmartRent's capex?: SmartRent (SMRT) reported capex of $30K in Q1 2026.
How has SmartRent's capex changed year-over-year?: SmartRent's capex decreased by 98.6% year-over-year, from $2.18M to $30K.
What is the long-term trend for SmartRent's capex?: Over 4 years (2021 to 2025), SmartRent's capex has grown at a 24.7% compound annual growth rate (CAGR), from $1.47M to $3.55M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.