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SmartRent SMRT Software As A Service — Cost Of Revenue

Other product segments

Hardware Service
$12.58M-9.9%
Professional Services
$5.9M-19.1%
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+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 software as a service — cost of revenue?
SmartRent (SMRT) reported software as a service — cost of revenue of $3.89M in Q1 2026.
How has SmartRent's software as a service — cost of revenue changed year-over-year?
SmartRent's software as a service — cost of revenue decreased by 5.0% year-over-year, from $4.09M to $3.89M.
What is the long-term trend for SmartRent's software as a service — cost of revenue?
Over 3 years (2022 to 2025), SmartRent's software as a service — cost of revenue has grown at a 6.1% compound annual growth rate (CAGR), from $12.81M to $15.32M.
What does software as a service — cost of revenue mean?
This metric captures the direct costs associated with delivering software-as-a-service solutions, including cloud hosting, customer support, and platform maintenance expenses. Monitoring this figure helps assess the scalability of the software platform and the efficiency of the company's service delivery model. Lower relative costs in this category typically indicate improved operating leverage as the software user base expands.