SmartRent SMRT Hardware — Cost Of Revenue

Other product segments

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OMDAHardware — Total Cost of Revenue

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STEMHardware revenue — Total Cost of Revenue

$6.2M-41.3%

LIFHardware — Total Cost of Revenue

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BFLYHardware — Cost of revenue (excluding write-downs of inventories and vendor advances)

$6.36M+9.1%

Questions, answered.

What is SmartRent's hardware — cost of revenue?

SmartRent (SMRT) reported hardware — cost of revenue of $12.58M in Q1 2026.

How has SmartRent's hardware — cost of revenue changed year-over-year?

SmartRent's hardware — cost of revenue decreased by 9.9% year-over-year, from $13.96M to $12.58M.

What is the long-term trend for SmartRent's hardware — cost of revenue?

Over 4 years (2021 to 2025), SmartRent's hardware — cost of revenue has grown at a -6.9% compound annual growth rate (CAGR), from $70.45M to $52.83M.

What does hardware — cost of revenue mean?

This metric captures the direct costs associated with manufacturing, sourcing, and delivering the physical hardware products sold to customers. It includes expenses such as raw materials, assembly, shipping, and direct labor costs tied to the hardware segment. Monitoring this metric is essential for evaluating the production efficiency and gross margin potential of the company's physical product line.