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

SmartRent (SMRT) has 7 years of Cost of Revenue data on file, last reported at $23.6 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 15.19% year-over-year to $23.6 million; the trailing twelve-month figure through Mar 2026 stood at $98.2 million (down 11.71% YoY), and the FY2025 full-year result was $102.5 million, down 10.55% from the prior year.
• Cost of Revenue rose to $23.6 million in Q1 2026, from $22.4 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.
• A 5-year average of $35.0 million and a median of $31.2 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue surged 115.1% in 2022 and tumbled 44.49% in 2024, its largest moves.
• Tracing SMRT's Cost of Revenue over 5 years: stood at $36.6 million in 2022, then increased by 18.08% to $43.3 million in 2023, then slumped by 41.7% to $25.2 million in 2024, then decreased by 11.16% to $22.4 million in 2025, then increased by 5.18% to $23.6 million in 2026.
• Business Quant data shows SMRT's Cost of Revenue at $23.6 million in Q1 2026, $22.4 million in Q4 2025, and $26.6 million in Q3 2025.