SmartRent, Inc. (SMRT) quarterly income statement — complete revenue, gross profit & net income history
SmartRent, Inc. (SMRT) annual income statement — 7-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 39.84M | 38.68M | 36.47M | 36.2M | 38.31M | 41.34M | 35.37M | 40.51M | 48.52M | 50.49M | 60.25M | 58.1M | 53.4M | 65.08M | 40.55M | 47.5M | 42.41M | 37.36M | 34.67M | 35.13M |
| Revenue Growth % | 4.01% | -6.44% | 3.12% | -10.63% | -21.04% | -18.11% | -41.3% | -30.28% | -9.15% | -22.42% | 48.59% | 22.32% | 25.92% | 74.2% | 16.97% | 35.21% | 95.64% | 94.98% | 154.89% | - |
| Cost of Goods Sold | 23.62M | 23.56M | 22.4M | 26.63M | 25.64M | 27.78M | 25.21M | 27.05M | 31.21M | 31.07M | 43.25M | 44.57M | 43.52M | 55.96M | 36.63M | 46.32M | 41.42M | 42.1M | 37.82M | 41.92M |
| COGS % of Revenue | 59.29% | 60.91% | 61.42% | 73.57% | 66.93% | 67.2% | 71.29% | 66.78% | 64.33% | 61.53% | 71.79% | 76.71% | 81.49% | 85.99% | 90.33% | 97.51% | 97.67% | 112.7% | 109.1% | 119.32% |
| Gross Profit | 16.22M | 15.12M | 14.07M | 9.57M | 12.67M | 13.56M | 10.15M | 13.46M | 17.3M | 19.42M | 17M | 13.53M | 9.88M | 9.12M | 3.92M | 1.18M | 988K | -4.74M | -3.15M | -6.79M |
| Gross Margin % | 40.71% | 39.09% | 38.58% | 26.43% | 33.07% | 32.8% | 28.71% | 33.22% | 35.67% | 38.47% | 28.21% | 23.29% | 18.51% | 14.01% | 9.67% | 2.49% | 2.33% | -12.7% | -9.1% | -19.32% |
| Gross Profit Growth % | 28.04% | 11.5% | 38.58% | -28.89% | -26.8% | -30.18% | -40.28% | -0.55% | 75.1% | 113.09% | 333.56% | 1043.79% | 900.3% | 292.14% | 224.32% | 117.43% | 249.12% | -1045.89% | -8.27% | - |
| Operating Expenses | 22.68M | 20.21M | 18.05M | 16.6M | 24.35M | 54.85M | 23.11M | 25.19M | 24.22M | 29.58M | 22.83M | 23.48M | 21.97M | 24.41M | 26.19M | 27.85M | 28M | 23.56M | 22.75M | 19.74M |
| OpEx % of Revenue | 56.92% | 52.26% | 49.48% | 45.84% | 63.57% | 132.67% | 65.34% | 62.19% | 49.93% | 58.59% | 37.89% | 40.41% | 41.14% | 37.51% | 64.59% | 58.62% | 66.03% | 63.06% | 65.64% | 56.19% |
| Selling, General & Admin | 17.1M | 14.07M | 12.69M | 10.45M | 17.89M | 21.66M | 16.18M | 18.6M | 16.74M | 21.22M | 15.37M | 15.9M | 15.43M | 17.18M | 18.86M | 20.24M | 19.97M | 17.11M | 15.24M | 12.86M |
| SG&A % of Revenue | 42.91% | 36.37% | 34.8% | 28.86% | 46.7% | 52.4% | 45.76% | 45.91% | 34.5% | 42.03% | 25.5% | 27.37% | 28.9% | 26.4% | 46.5% | 42.6% | 47.09% | 45.81% | 43.96% | 36.6% |
| Research & Development | 5.58M | 6.15M | 5.35M | 6.15M | 6.46M | 8.26M | 6.93M | 6.6M | 7.48M | 8.36M | 7.46M | 7.57M | 6.54M | 7.23M | 7.34M | 7.61M | 8.03M | 6.45M | 7.51M | 6.88M |
| R&D % of Revenue | 14.01% | 15.89% | 14.67% | 16.99% | 16.88% | 19.97% | 19.59% | 16.28% | 15.43% | 16.56% | 12.39% | 13.03% | 12.24% | 11.11% | 18.09% | 16.02% | 18.93% | 17.25% | 21.68% | 19.59% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.46M | -5.09M | -3.98M | -7.03M | -11.69M | -41.29M | -12.96M | -11.74M | -6.92M | -10.16M | -5.83M | -9.95M | -12.09M | -15.29M | -22.27M | -26.66M | -27.01M | -28.3M | -25.91M | -26.53M |
| Operating Margin % | -16.22% | -13.17% | -10.9% | -19.41% | -30.5% | -99.87% | -36.64% | -28.97% | -14.26% | -20.12% | -9.68% | -17.12% | -22.63% | -23.5% | -54.92% | -56.13% | -63.7% | -75.76% | -74.73% | -75.51% |
| Operating Income Growth % | 44.71% | 87.66% | 69.32% | 40.13% | -68.91% | -306.43% | -122.23% | -18% | 42.77% | 33.58% | 73.82% | 62.7% | 55.25% | 45.96% | 14.05% | -0.52% | -170.18% | -207.04% | -138.05% | - |
| EBITDA | -5.71M | -2.87M | -1.75M | -3.21M | -9.62M | -39.35M | -11.19M | -10.5M | -5.33M | -8.66M | -4.29M | -8.55M | -10.74M | -14.04M | -20.88M | -25.43M | -25.79M | -27.89M | -25.75M | -26.4M |
| EBITDA Margin % | -14.34% | -7.42% | -4.81% | -8.86% | -25.11% | -95.17% | -31.65% | -25.92% | -10.99% | -17.15% | -7.12% | -14.72% | -20.12% | -21.57% | -51.5% | -53.52% | -60.8% | -74.66% | -74.27% | -75.14% |
| EBITDA Growth % | 40.6% | 92.7% | 84.32% | 69.44% | -80.37% | -354.45% | -160.97% | -22.78% | 50.37% | 38.33% | 79.46% | 66.36% | 58.33% | 49.67% | 18.89% | 3.68% | -160.33% | -205.25% | -138.28% | - |
| D&A (Non-Cash Add-back) | 0 | 2.22M | 2.22M | 3.82M | 2.07M | 1.94M | 1.76M | 1.24M | 1.58M | 1.5M | 1.54M | 1.4M | 1.34M | 1.25M | 1.39M | 1.24M | 1.23M | 409K | 160K | 130K |
| EBIT | -5.71M | -4.31M | -25.07M | -6.21M | -10.89M | -16.36M | -11.29M | -11.74M | -4.54M | -7.65M | -5.83M | -9.95M | -12.09M | -15.29M | -22.27M | -26.66M | -27.01M | -28.3M | -25.92M | -26.59M |
| Net Interest Income | 726K | 761K | 1.2M | 891K | 1.01M | 1.2M | 1.52M | 2.02M | 2.29M | 2.41M | 2.52M | 2.23M | 1.81M | 2.02M | 1.2M | 506K | 253K | -12K | -50K | -57K |
| Interest Income | 815K | 860K | 1.2M | 891K | 1.01M | 1.2M | 1.52M | 2.02M | 2.29M | 2.41M | 2.52M | 2.23M | 1.81M | 2.02M | 1.2M | 506K | 253K | 0 | 0 | 0 |
| Interest Expense | 89K | 99K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12K | 50K | 57K |
| Other Income/Expense | 658K | 686K | 641K | 813K | 792K | 1.21M | 1.67M | 1.83M | 2.38M | 2.51M | 2.44M | 2.19M | 1.76M | 2.07M | 1.23M | 796K | 415K | 102K | -64K | -115K |
| Pretax Income | -5.8M | -4.41M | -3.33M | -6.21M | -10.89M | -40.08M | -11.29M | -9.9M | -4.54M | -7.65M | -3.39M | -7.76M | -10.33M | -13.22M | -21.04M | -25.87M | -26.6M | -28.2M | -25.97M | -26.64M |
| Pretax Margin % | -14.56% | -11.4% | -9.14% | -17.16% | -28.44% | -96.93% | -31.91% | -24.45% | -9.35% | -15.15% | -5.62% | -13.35% | -19.35% | -20.32% | -51.89% | -54.46% | -62.72% | -75.49% | -74.92% | -75.83% |
| Income Tax | -162K | 40K | -90K | 56K | -33K | 108K | 136K | 18K | 68K | 45K | -86K | -33K | 18K | -7K | 347K | 81K | -1.01M | -4.81M | -15K | 43K |
| Effective Tax Rate % | 2.79% | -0.91% | 2.7% | -0.9% | 0.3% | -0.27% | -1.2% | -0.18% | -1.5% | -0.59% | 2.54% | 0.43% | -0.17% | 0.05% | -1.65% | -0.31% | 3.79% | 17.05% | 0.06% | -0.16% |
| Net Income | -5.64M | -4.45M | -3.24M | -6.27M | -10.86M | -40.18M | -11.42M | -9.92M | -4.61M | -7.69M | -3.3M | -7.72M | -10.35M | -13.21M | -21.39M | -25.95M | -25.59M | -23.39M | -25.96M | -26.68M |
| Net Margin % | -14.16% | -11.5% | -8.89% | -17.32% | -28.35% | -97.19% | -32.3% | -24.5% | -9.49% | -15.24% | -5.48% | -13.29% | -19.38% | -20.31% | -52.75% | -54.63% | -60.34% | -62.62% | -74.88% | -75.96% |
| Net Income Growth % | 48.06% | 88.93% | 71.6% | 36.81% | -135.83% | -422.41% | -246.15% | -28.49% | 55.5% | 41.79% | 84.57% | 70.24% | 59.56% | 43.51% | 17.6% | 2.75% | -154.59% | -152.44% | -142.87% | - |
| Net Income (Continuing) | -5.64M | -4.45M | -3.24M | -6.27M | -10.86M | -40.18M | -11.42M | -9.92M | -4.61M | -7.69M | -3.3M | -7.72M | -10.35M | -13.21M | -21.39M | -25.95M | -25.59M | -23.39M | -25.96M | -26.68M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | -0.02 | -0.02 | -0.03 | -0.06 | -0.21 | -0.06 | -0.05 | -0.02 | -0.04 | -0.02 | -0.04 | -0.05 | -0.07 | -0.11 | -0.13 | -0.13 | -0.12 | -0.14 | -0.14 |
| EPS Growth % | 53.39% | 88.95% | 71.5% | 33.27% | -152.19% | -455.56% | -270.37% | -30.29% | 55.98% | 43.24% | 85.27% | 70.54% | 60.15% | 44.5% | 21.43% | 7.14% | -150.48% | -151.05% | -153.62% | - |
| EPS (Basic) | -0.03 | -0.02 | -0.02 | -0.03 | -0.06 | -0.21 | -0.06 | -0.05 | -0.02 | -0.04 | -0.02 | -0.04 | -0.05 | -0.07 | -0.11 | -0.13 | -0.13 | -0.12 | -0.14 | -0.14 |
| Diluted Shares Outstanding | 192.03M | 191.65M | 189.22M | 188.38M | 188.75M | 192.42M | 198.73M | 198.73M | 201.99M | 203.49M | 203.2M | 201.58M | 199.62M | 198.33M | 198.53M | 196.49M | 195.69M | 193.06M | 192.05M | 193.79M |
| Basic Shares Outstanding | 192.03M | 191.65M | 189.22M | 188.38M | 188.75M | 192.42M | 198.73M | 198.73M | 201.99M | 203.49M | 203.2M | 201.58M | 199.62M | 198.33M | 198.53M | 196.49M | 195.69M | 193.06M | 192.05M | 193.79M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |