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SmartRent SMRT Operating Income

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Other financials

Income statement

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Revenue$38.7M-6.4%
Gross profit$15.1M+11.5%
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×
Current ratio3.9×+0.9×

Where this comes from

Reported directly by SmartRent in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?
SmartRent (SMRT) reported operating income of -$5.09M in Q1 2026.
How has SmartRent's operating income changed year-over-year?
SmartRent's operating income increased by 87.7% year-over-year, from -$41.29M to -$5.09M.
What is the long-term trend for SmartRent's operating income?
Over 4 years (2021 to 2025), SmartRent's operating income has grown at a -2.8% compound annual growth rate (CAGR), from -$71.65M to -$63.98M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.