SmartRent (SMRT) Net Margin (2020 - 2026)

SmartRent's (SMRT) quarterly Net Margin came in at 11.5% in Q1 2026, up 8570.0% year-on-year from 0.13% in Q1 2025, and down 26.47% quarter-over-quarter from 9.09% in Q4 2025.

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

SmartRent has disclosed Net Margin across 7 years of filings, most recently posting 11.5% for Q1 2026.

  • Net Margin for Q1 2026 came in at 11.5%, up 8570.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.63% (up 2327.0% YoY), and the FY2025 annual result was 39.8%, down 2057.0% from the prior year.
  • Net Margin came in at 11.5% for Q1 2026 at SmartRent, down from 9.09% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 5.76% in Q4 2023 to a low of 97.19% in Q1 2025.
  • The 5-year median for Net Margin is 20.31% (2023), against an average of 31.41%.
  • Across the five-year window, Net Margin tumbled 8196 bps in 2025 and surged 8570 bps in 2026, its largest moves.
  • SmartRent's Net Margin stood at 52.75% in 2022, then jumped by 89 bps to 5.76% in 2023, then sank by 460 bps to 32.3% in 2024, then jumped by 72 bps to 9.09% in 2025, then decreased by 26 bps to 11.5% in 2026.
  • The last three Net Margin figures came in at 11.5% (Q1 2026), 9.09% (Q4 2025), and 17.32% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 20.22%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 2.29%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn -18.33%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 18.74%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 22.77%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 12.44%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 22.90%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 25.87%
10 SmartRent 209.86 Mn 111.04 Mn 15.12 Mn -11.50%

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.50%
Dec 31, 2025 -9.09%
Sep 30, 2025 -17.32%
Jun 30, 2025 -28.35%
Mar 31, 2025 -97.19%
Dec 31, 2024 -32.30%
Sep 30, 2024 -24.50%
Jun 30, 2024 -9.49%
Mar 31, 2024 -15.24%
Dec 31, 2023 -5.76%
Sep 30, 2023 -13.29%
Jun 30, 2023 -19.38%
Mar 31, 2023 -20.31%
Dec 31, 2022 -52.75%
Sep 30, 2022 -54.63%
Jun 30, 2022 -60.34%
Mar 31, 2022 -62.62%
Dec 31, 2021 -74.93%
Sep 30, 2021 -75.96%
Jun 30, 2021 -13.90%