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SmartRent (SMRT) Cost of Revenue (2020 - 2025)

SmartRent (SMRT) has disclosed Cost of Revenue for 6 consecutive years, with $4.0 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 84.33% to $4.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $42.5 million through Dec 2025, down 62.93% year-over-year, with the annual reading at $19.5 million for FY2025, 83.02% down from the prior year.
  • Cost of Revenue hit $4.0 million in Q4 2025 for SmartRent, down from $4.4 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 -$109.0 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $21.7 million across 5 years, with a median of $26.1 million in 2024.
  • Biggest YoY gain for Cost of Revenue was 3056.63% in 2021; the steepest drop was 97.41% in 2021.
  • Year by year, Cost of Revenue stood at -$68.9 million in 2021, then tumbled by 58.22% to -$109.0 million in 2022, then surged by 258.47% to $172.7 million in 2023, then crashed by 85.4% to $25.2 million in 2024, then crashed by 84.33% to $4.0 million in 2025.
  • Business Quant data shows Cost of Revenue for SMRT at $4.0 million in Q4 2025, $4.4 million in Q3 2025, and $6.4 million in Q2 2025.