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SmartRent SMRT Hardware — Revenue

Other product segments

Hardware Service
$15.38M-18.3%
Software As A Service
$15.22M+9.0%
Professional Services
$6.03M+55.0%
Deferred Hub Amortization
$2.05M-56.0%

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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+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:Revenues.

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 hardware — revenue?
SmartRent (SMRT) reported hardware — revenue of $15.38M in Q1 2026.
How has SmartRent's hardware — revenue changed year-over-year?
SmartRent's hardware — revenue decreased by 18.3% year-over-year, from $18.83M to $15.38M.
What is the long-term trend for SmartRent's hardware — revenue?
Over 4 years (2021 to 2025), SmartRent's hardware — revenue has grown at a -4.5% compound annual growth rate (CAGR), from $69.63M to $57.97M.
What does hardware — revenue mean?
This metric represents the total gross revenue generated from the sale of physical smart home devices and related hardware equipment. It reflects the company's ability to monetize its core physical product offerings within the property technology ecosystem. Growth in this area indicates successful market penetration and adoption of the company's hardware solutions by property owners and managers.