What is SmartRent's change in AP?

SmartRent (SMRT) reported change in AP of -$4.45M in Q1 2026.

How has SmartRent's change in AP changed year-over-year?

SmartRent's change in AP decreased by 275.3% year-over-year, from $2.54M to -$4.45M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

SmartRent SMRT Change in AP

Change in AP at other companies

Alarm.com HoldingsALRM

-$8.37M+34.3%

CalixCALX

$26.24M+653%

VenHub Global, Inc. VHUB

$640K+362%

ItronITRI

$8.31M-21.1%

AppFolioAPPF

-$382K-115%

Universal ElectronicsUEIC

-$11.18M-111%

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%

CapEx$30.0K-98.6%

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:IncreaseDecreaseInAccountsPayable.

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 change in AP?: SmartRent (SMRT) reported change in AP of -$4.45M in Q1 2026.
How has SmartRent's change in AP changed year-over-year?: SmartRent's change in AP decreased by 275.3% year-over-year, from $2.54M to -$4.45M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.