What is SmartRent's total cost of revenue?

SmartRent (SMRT) reported total cost of revenue of $23.56M in Q1 2026.

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

SmartRent's total cost of revenue decreased by 15.2% year-over-year, from $27.78M to $23.56M.

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

Over 4 years (2021 to 2025), SmartRent's total cost of revenue has grown at a -4.0% compound annual growth rate (CAGR), from $120.71M to $102.46M.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

SmartRent SMRT Total Cost of Revenue

Total Cost of Revenue at other companies

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VenHub Global, Inc. VHUB

$64.15K-80.2%

ItronITRI

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AppFolioAPPF

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Segments

By product

See full

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%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$4.5M+62.7%

CapEx$30.0K-98.6%

Free cash flow-$4.6M+68.1%

Valuation

See full

Market cap$229.48M+27.8%

P/S1.5×+0.4×

Profitability

See full

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

See full

Return on equity-10.3%-3.6pp

Debt / equity0×0.0×

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 total cost of revenue?: SmartRent (SMRT) reported total cost of revenue of $23.56M in Q1 2026.
How has SmartRent's total cost of revenue changed year-over-year?: SmartRent's total cost of revenue decreased by 15.2% year-over-year, from $27.78M to $23.56M.
What is the long-term trend for SmartRent's total cost of revenue?: Over 4 years (2021 to 2025), SmartRent's total cost of revenue has grown at a -4.0% compound annual growth rate (CAGR), from $120.71M to $102.46M.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.