SmartRent (SMRT) Gross Margin (2020 - 2026)
SmartRent (SMRT) reported Gross Margin of 40.71% for Q2 2026, up 7.64 percentage points from 33.07% a year earlier and up 1.62 percentage points from the prior quarter.
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Analysis
SmartRent (SMRT) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, SmartRent's Gross Margin came in at 36.36%, up 4.32 percentage points year-over-year; for FY2025, it was 32.74%, down 1.76 percentage points from FY2024.
- Gross Margin has a five-year change of +40.92 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 34.50% in FY2024 (+13.59 pp), 20.91% in FY2023 (+20.11 pp), 0.80% in FY2022 (+9.91 pp) and -9.10% in FY2021 (-0.93 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin in data going back to Q3 2020.
- Year over year, Gross Margin has now increased in each of the last three quarters, with an average year-over-year change of +2.40 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2023 (a gain of 26.70 percentage points); the low point was Q3 2021 (a drop of 19.12 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 39.09% (Q1 2026), 38.58% (Q4 2025) and 26.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | SmartRent | 229.93 Mn | -166.12 Mn | 16.22 Mn | 40.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.71% |
| 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% |
API Access
SmartRent Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SMRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SMRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SMRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();