SmartRent (SMRT) Gross Margin (2020 - 2026)

SmartRent (SMRT) posted Gross Margin of 39.09% for Q1 2026, up 1.33% sequentially from 38.58% in Q4 2025, and up 629.0% YoY from 5.36% in Q1 2025.

SmartRent (SMRT) Gross Margin (2020 - 2026) Analysis & Trends

SmartRent has reported Gross Margin for 7 years, with the latest figure at 39.09% in Q1 2026.

Quarterly Gross Margin rose 629.0% year-over-year to 39.09% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 34.36% (up 149.0% YoY) and the FY2025 annual result came in at 32.74%, down 176.0% from the prior year.
Gross Margin grew to 39.09% in Q1 2026 per SMRT's latest filing, from 38.58% in the prior quarter.
Over five years, Gross Margin peaked at 39.09% in Q1 2026 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Gross Margin sank 1054 bps in 2022, then soared 2670 bps in 2023.
Over 5 years, Gross Margin stood at 9.67% in 2022, then soared by 192 bps to 28.21% in 2023, then increased by 2 bps to 28.71% in 2024, then soared by 34 bps to 38.58% in 2025, then advanced 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	SmartRent	287.42 Mn	194.75 Mn	16.22 Mn	40.71%

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