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SmartRent SMRT Gross margin

Gross margin at other companies

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57.1%+2.1pp
VenHub Global, Inc.
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VenHub Global, Inc. VHUB
24.9%
Itron logo
ItronITRI
38.8%+4.0pp
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AppFolioAPPF
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75.4%+0.1pp

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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Operating margin-18.6%-6.8pp
Net margin-16.6%-6.1pp
FCF margin-30.4%-43.6pp

Returns & leverage

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Return on equity-10.3%-3.6pp
Debt / equity0.0×
Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

Based on trailing twelve months.

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 gross margin?
SmartRent (SMRT) reported gross margin of 34.4% in Q1 2026.
How has SmartRent's gross margin changed year-over-year?
SmartRent's gross margin increased by 4.5% year-over-year, from 32.9% to 34.4%.
What is the long-term trend for SmartRent's gross margin?
Over 4 years (2021 to 2025), SmartRent's gross margin has grown at a 37.7% compound annual growth rate (CAGR), from -9.1% to 32.7%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.