SmartRent (SMRT) Gross Margin (2020 - 2026)
SmartRent (SMRT) reported Gross Margin of 39.09% for Q1 2026, up 629.0% on a YoY basis from 5.36% in Q1 2025, and up 1.33% sequentially from 38.58% in Q4 2025.
SmartRent (SMRT) Gross Margin (2020 - 2026) Analysis & Trends
SmartRent (SMRT) has 7 years of Gross Margin data on file, last reported at 39.09% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 629.0% year-over-year to 39.09%; the trailing twelve-month figure through Mar 2026 stood at 34.36% (up 149.0% YoY), and the FY2025 full-year result was 32.74%, down 176.0% from the prior year.
- Gross Margin grew to 39.09% in Q1 2026, from 38.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 39.09% in Q1 2026 to a low of 12.7% in Q1 2022.
- A 5-year average of 23.05% and a median of 28.21% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 1054 bps in 2022 and jumped 2670 bps in 2023, its largest moves.
- Tracing SMRT's Gross Margin over 5 years: stood at 9.67% in 2022, then soared by 192 bps to 28.21% in 2023, then advanced by 2 bps to 28.71% in 2024, then soared by 34 bps to 38.58% in 2025, then increased by 1 bps to 39.09% in 2026.
- Business Quant data shows SMRT's Gross Margin at 39.09% in Q1 2026, 38.58% in Q4 2025, and 26.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | SmartRent | 182.07 Mn | 83.25 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 | 28.21% |
| Sep 30, 2023 | 23.29% |
| Jun 30, 2023 | 18.51% |
| Mar 31, 2023 | 14.01% |
| Dec 31, 2022 | 9.67% |
| Sep 30, 2022 | 2.49% |
| Jun 30, 2022 | 2.33% |
| Mar 31, 2022 | -12.70% |
| Dec 31, 2021 | -9.10% |
| Sep 30, 2021 | -19.32% |
| Jun 30, 2021 | 1.31% |