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SmartRent SMRT Operating margin

Operating margin at other companies

Alarm.com Holdings logo
Alarm.com HoldingsALRM
13.1%+0.6pp
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CalixCALX
3.8%+2.3pp
VenHub Global, Inc.
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VenHub Global, Inc. VHUB
-8,029.7%
Itron logo
ItronITRI
13%+1.6pp
AppFolio logo
AppFolioAPPF
17.1%+0.7pp
BlackLine logo
BlackLineBL
3.9%+0.9pp

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
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 operating margin?
SmartRent (SMRT) reported operating margin of -18.6% in Q1 2026.
How has SmartRent's operating margin changed year-over-year?
SmartRent's operating margin increased by 57.8% year-over-year, from -44% to -18.6%.
What is the long-term trend for SmartRent's operating margin?
Over 4 years (2021 to 2025), SmartRent's operating margin has grown at a -10.3% compound annual growth rate (CAGR), from -64.8% to -42%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.