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 Q1 2026.

• Cost of Revenue for Q1 2026 came in at $23.6 million, down 15.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $121.2 million (down 26.19% YoY), and the FY2025 annual result was $102.5 million, down 10.55% from the prior year.
• Cost of Revenue came in at $23.6 million for Q1 2026 at SmartRent, down from $87.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $172.7 million in Q4 2023 to a low of $4.4 million in Q3 2025.
• The 5-year median for Cost of Revenue is $6.4 million (2025), against an average of $33.9 million.
• Across the five-year window, Cost of Revenue plunged 88.31% in 2022 and soared 3597.71% in 2023, its largest moves.
• SmartRent's Cost of Revenue stood at $4.7 million in 2022, then jumped by 3597.71% to $172.7 million in 2023, then sank by 41.61% to $100.8 million in 2024, then retreated by 13.76% to $87.0 million in 2025, then plunged by 72.9% to $23.6 million in 2026.
• The last three Cost of Revenue figures came in at $23.6 million (Q1 2026), $87.0 million (Q4 2025), and $4.4 million (Q3 2025), per Business Quant data.