SmartRent (SMRT) Gross Margin (2020 - 2026)
SmartRent recorded quarterly Gross Margin of 39.09% in Q1 2026, up 1.33% quarter-over-quarter from 38.58% in Q4 2025, and up 629.0% year-over-year from 5.36% in Q1 2025.
SmartRent's Gross Margin history runs 7 years deep, the most recent figure standing at 39.09% for Q1 2026.
- In Q1 2026, Gross Margin rose 629.0% year-over-year to 39.09%; the TTM figure through Mar 2026 stood at 34.36% (up 149.0% YoY), while the FY2025 annual figure was 32.74%, down 176.0% from the prior year.
- Gross Margin came in at 39.09% for Q1 2026 at SmartRent, up from 38.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 92.02% in Q3 2023 to a low of 186.6% in Q4 2023.
- A 5-year average of 39.19% and a median of 38.47% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 27508 bps in 2023 and soared 21530 bps in 2024, its largest moves.
- SmartRent's Gross Margin stood at 88.48% in 2022, then sank by 311 bps to 186.6% in 2023, then jumped by 115 bps to 28.71% in 2024, then surged by 34 bps to 38.58% in 2025, then gained by 1 bps to 39.09% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 39.09%, 38.58%, and 26.43% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | SmartRent | 245.32 Mn | 146.50 Mn | 15.12 Mn | 39.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.09% |
| Dec 31, 2025 | 38.58% |
| Sep 30, 2025 | 26.43% |
| Jun 30, 2025 | 33.07% |
| Mar 31, 2025 | 32.80% |
| Dec 31, 2024 | 28.71% |
| Sep 30, 2024 | 33.22% |
| Jun 30, 2024 | 35.67% |
| Mar 31, 2024 | 38.47% |
| Dec 31, 2023 | -186.60% |
| Sep 30, 2023 | 92.02% |
| Jun 30, 2023 | 90.96% |
| Mar 31, 2023 | 14.01% |
| Dec 31, 2022 | 88.48% |
| Sep 30, 2022 | 89.68% |
| Jun 30, 2022 | 85.52% |
| Mar 31, 2022 | 86.18% |
| Dec 31, 2021 | -9.10% |
| Sep 30, 2021 | -19.32% |
| Jun 30, 2021 | 88.97% |
| Mar 31, 2021 | -2.16% |
| Dec 31, 2020 | -21.42% |
| Sep 30, 2020 | -0.20% |