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SmartRent SMRT Recovery Of Provision For Warranty Expense

Recovery Of Provision For Warranty Expense at other companies

AMC Robotics Corporation
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AMC Robotics Corporation AMCI
-$1.5K+84.1%
Astec Industries logo
Astec IndustriesASTE
$3M-51.6%
General Motors logo
General MotorsGM
$1.26B-7.2%
Frequency Electronics logo
Frequency ElectronicsFEIM
$104K+64.4%
FTC Solar logo
FTC SolarFTCI
$438K-58.1%
Genasys logo
GenasysGNSS
$52K+967%

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×
Current ratio3.9×+0.9×

Where this comes from

Reported directly by SmartRent in its filing.

Tagged under the XBRL concept smrt:RecoveryOfProvisionForWarrantyExpense.

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 recovery of provision for warranty expense?
SmartRent (SMRT) reported recovery of provision for warranty expense of -$192K in Q1 2026.
How has SmartRent's recovery of provision for warranty expense changed year-over-year?
SmartRent's recovery of provision for warranty expense decreased by 219.3% year-over-year, from $161K to -$192K.
What does recovery of provision for warranty expense mean?
This metric reflects the reversal of previously recorded warranty liabilities when actual claims are lower than original estimates. It serves as a positive adjustment to operating cash flow, indicating improved product quality or more accurate initial forecasting. A consistent recovery suggests effective risk management in product reliability.