What is SmartRent's inventory turnover?

SmartRent (SMRT) reported inventory turnover of 3.4× in Q1 2026.

How has SmartRent's inventory turnover changed year-over-year?

SmartRent's inventory turnover decreased by 1.7% year-over-year, from 3.5× to 3.4×.

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

Over 4 years (2021 to 2025), SmartRent's inventory turnover has grown at a -8.6% compound annual growth rate (CAGR), from 4.7× to 3.3×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

SmartRent SMRT Inventory turnover

Inventory turnover at other companies

Alarm.com HoldingsALRM

3.8×+0.1×

CalixCALX

3.6×+0.2×

VenHub Global, Inc. VHUB

0.6×—

ItronITRI

5.5×-0.1×

Universal ElectronicsUEIC

3.5×0.0×

Resideo Technologies, Inc.REZI

4.2×-0.5×

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

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Return on equity-10.3%-3.6pp

Debt / equity0×0.0×

Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

total cost of revenue/inventories=3.4×

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 inventory turnover?: SmartRent (SMRT) reported inventory turnover of 3.4× in Q1 2026.
How has SmartRent's inventory turnover changed year-over-year?: SmartRent's inventory turnover decreased by 1.7% year-over-year, from 3.5× to 3.4×.
What is the long-term trend for SmartRent's inventory turnover?: Over 4 years (2021 to 2025), SmartRent's inventory turnover has grown at a -8.6% compound annual growth rate (CAGR), from 4.7× to 3.3×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.