SmartRent (SMRT) Cost of Revenue (2020 - 2026)

SmartRent has disclosed Cost of Revenue across 7 years of filings, most recently posting $23.6 million for Q2 2026.

• In Q2 2026, Cost of Revenue fell 7.86% year-over-year to $23.6 million; the TTM figure through Jun 2026 stood at $96.2 million (down 8.96% YoY), while the FY2025 annual figure was $102.5 million, down 10.55% from the prior year.
• Cost of Revenue came in at $23.6 million for Q2 2026 at SmartRent, roughly flat from $23.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $56.0 million in Q1 2023 to a low of $22.4 million in Q4 2025.
• Average Cost of Revenue over 5 years is $34.3 million, with a median of $31.1 million recorded in 2024.
• Year-over-year, Cost of Revenue soared 115.1% in 2022 and plunged 44.49% in 2024.
• Over 5 years, Cost of Revenue stood at $36.6 million in 2022, then rose by 18.08% to $43.3 million in 2023, then tumbled by 41.7% to $25.2 million in 2024, then slipped by 11.16% to $22.4 million in 2025, then advanced by 5.45% to $23.6 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $23.6 million in Q2 2026, $23.6 million in Q1 2026, and $22.4 million in Q4 2025.