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SmartRent SMRT Professional Services — Revenue

Other product segments

Hardware Service
$15.38M-18.3%
Software As A Service
$15.22M+9.0%
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 professional services — revenue?
SmartRent (SMRT) reported professional services — revenue of $6.03M in Q1 2026.
How has SmartRent's professional services — revenue changed year-over-year?
SmartRent's professional services — revenue increased by 55.0% year-over-year, from $3.89M to $6.03M.
What is the long-term trend for SmartRent's professional services — revenue?
Over 4 years (2021 to 2025), SmartRent's professional services — revenue has grown at a -1.8% compound annual growth rate (CAGR), from $22.73M to $21.13M.
What does professional services — revenue mean?
This metric represents the total gross revenue generated from professional services provided to property owners and managers, such as installation, integration, and consulting support. It reflects the company's ability to monetize the deployment and ongoing technical support of its smart home technology platforms. Growth in this area indicates successful adoption and expansion of the company's service-based offerings within its client base.