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SmartRent SMRT Hosted Services — 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%
Deferred Hub Amortization
$1.2M-50.7%

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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×
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 hosted services — cost of revenue?
SmartRent (SMRT) reported hosted services — cost of revenue of $5.09M in Q1 2026.
How has SmartRent's hosted services — cost of revenue changed year-over-year?
SmartRent's hosted services — cost of revenue decreased by 22.1% year-over-year, from $6.53M to $5.09M.
What is the long-term trend for SmartRent's hosted services — cost of revenue?
Over 4 years (2021 to 2025), SmartRent's hosted services — cost of revenue has grown at a 18.1% compound annual growth rate (CAGR), from $12.07M to $23.46M.
What does hosted services — cost of revenue mean?
This metric captures the direct costs associated with maintaining and delivering the hosted software platform, including cloud infrastructure expenses, customer support, and technical operations. It serves as a key indicator of the scalability and operational efficiency of the company's digital service offerings. Monitoring this cost relative to segment revenue helps assess the gross margin profile of the software-driven business model.