What is SmartRent's R&D?

SmartRent (SMRT) reported R&D of $6.15M in Q1 2026.

How has SmartRent's R&D changed year-over-year?

SmartRent's R&D decreased by 25.6% year-over-year, from $8.26M to $6.15M.

What is the long-term trend for SmartRent's R&D?

Over 4 years (2021 to 2025), SmartRent's R&D has grown at a 5.0% compound annual growth rate (CAGR), from $21.57M to $26.22M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

SmartRent SMRT R&D

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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+23.5%

P/S1.5×+0.3×

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

Reported directly by SmartRent in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: SmartRent (SMRT) reported R&D of $6.15M in Q1 2026.
How has SmartRent's R&D changed year-over-year?: SmartRent's R&D decreased by 25.6% year-over-year, from $8.26M to $6.15M.
What is the long-term trend for SmartRent's R&D?: Over 4 years (2021 to 2025), SmartRent's R&D has grown at a 5.0% compound annual growth rate (CAGR), from $21.57M to $26.22M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.