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SmartRent SMRT Deferred Hub Amortization — Cost Of Revenue

Other product segments

Hardware Service
$12.58M-9.9%
Professional Services
$5.9M-19.1%
Software As A Service
$3.89M-5.0%

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Stem logo
STEMHardware revenue — Total Cost of Revenue
$6.2M-41.3%

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 us-gaap:CostOfRevenue.

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 deferred hub amortization — cost of revenue?
SmartRent (SMRT) reported deferred hub amortization — cost of revenue of $1.2M in Q1 2026.
How has SmartRent's deferred hub amortization — cost of revenue changed year-over-year?
SmartRent's deferred hub amortization — cost of revenue decreased by 50.7% year-over-year, from $2.44M to $1.2M.
What is the long-term trend for SmartRent's deferred hub amortization — cost of revenue?
Over 3 years (2022 to 2025), SmartRent's deferred hub amortization — cost of revenue has grown at a -9.0% compound annual growth rate (CAGR), from $10.83M to $8.15M.
What does deferred hub amortization — cost of revenue mean?
This metric captures the direct costs associated with the amortization of capitalized hardware hub assets deployed across managed properties. It represents the periodic expense recognized as the initial hardware investment is allocated over its useful life to match the corresponding revenue stream. Monitoring this cost helps assess the efficiency of hardware deployment strategies and the impact of asset depreciation on the segment's gross margin.