SmartRent, Inc. (SMRT) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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SMRT Revenue Growth
Revenue Breakdown (FY 2024)
SMRT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SMRT Revenue Analysis (2019–2024)
As of May 6, 2026, SmartRent, Inc. (SMRT) generated trailing twelve-month (TTM) revenue of $151.2 million, reflecting significant decline in growth of -10.6% year-over-year. The most recent quarter (Q3 2025) recorded $36.2 million in revenue, down 5.5% sequentially.
Looking at the longer-term picture, SMRT's 5-year compound annual growth rate (CAGR) stands at +37.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $236.8 million in 2023.
Revenue diversification analysis shows SMRT's business is primarily driven by Hardware (44%), Hosted Services (39%), and Professional Services (17%).
When compared to Technology sector peers including ARLO (+3.6% YoY), OPEN (-15.2% YoY), and REZI (+10.5% YoY), SMRT has underperformed the peer group in terms of revenue growth. Compare SMRT vs ARLO →
SMRT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SMRTCurrent | $151M | -10.6% | +37.0% | -23.9% | |
 ARLO | $529M | +3.6% | +8.2% | 1.1% | |
 OPEN | $4.4B | -15.2% | +11.1% | -6.6% | |
 REZI | $7.5B | +10.5% | +8.1% | 8.1% | |
 APPF | $951M | +20.7% | +25.1% | 16.1% | |
 RHP | $2.6B | +10.7% | +37.5% | 18.9% |
SMRT Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $174.9M | -26.2% | $60.3M | 34.5% | $-41,772,000 | -23.9% |
| 2023 | $236.8M | +41.1% | $49.5M | 20.9% | $-43,159,000 | -18.2% |
| 2022 | $167.8M | +51.7% | $1.3M | 0.8% | $-104,251,000 | -62.1% |
| 2021 | $110.6M | +110.6% | $-10,073,000 | -9.1% | $-71,652,000 | -64.8% |
| 2020 | $52.5M | +45.0% | $-4,297,000 | -8.2% | $-35,716,000 | -68.0% |
| 2019 | $36.2M | - | $-1,058,000 | -2.9% | $-24,434,000 | -67.4% |
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Start ComparisonSMRT — Frequently Asked Questions
Quick answers to the most common questions about buying SMRT stock.
Is SMRT's revenue growth accelerating or slowing?
SMRT revenue declined -10.6% year-over-year, contrasting with the 5-year CAGR of +37.0%. TTM revenue fell to $151M. This reverses the prior growth trend.
What is SMRT's long-term revenue growth rate?
SmartRent, Inc.'s 5-year revenue CAGR of +37.0% reflects the variable expansion pattern. Current YoY growth of -10.6% is below this long-term average.
How is SMRT's revenue distributed by segment?
SMRT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.