What is SmartRent's net margin?

SmartRent (SMRT) reported net margin of -16.6% in Q1 2026.

How has SmartRent's net margin changed year-over-year?

SmartRent's net margin increased by 58.4% year-over-year, from -39.9% to -16.6%.

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

Over 4 years (2021 to 2025), SmartRent's net margin has grown at a -11.6% compound annual growth rate (CAGR), from -65% to -39.8%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

SmartRent SMRT Net margin

Net margin at other companies

Alarm.com HoldingsALRM

12.3%-1.0pp

CalixCALX

3.2%+2.0pp

VenHub Global, Inc. VHUB

-16,114.2%—

Mid-America Apartment CommunitiesMAA

17.6%-8.1pp

ItronITRI

12.3%+2.0pp

AppFolioAPPF

15.3%-8.6pp

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

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.

net income/total revenue=-16.6%

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 net margin?: SmartRent (SMRT) reported net margin of -16.6% in Q1 2026.
How has SmartRent's net margin changed year-over-year?: SmartRent's net margin increased by 58.4% year-over-year, from -39.9% to -16.6%.
What is the long-term trend for SmartRent's net margin?: Over 4 years (2021 to 2025), SmartRent's net margin has grown at a -11.6% compound annual growth rate (CAGR), from -65% to -39.8%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.