SmartRent (SMRT) Operating Expenses (2020 - 2026)

SmartRent's Operating Expenses history runs 7 years deep, the most recent figure standing at $20.2 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 32.44% year-over-year to $20.2 million; the TTM figure through Mar 2026 stood at $79.2 million (down 22.69% YoY), while the FY2025 annual figure was $88.9 million, down 12.92% from the prior year.
• Operating Expenses came in at $20.2 million for Q1 2026 at SmartRent, up from $18.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $29.9 million in Q1 2025 to a low of $16.6 million in Q3 2025.
• A 5-year average of $24.1 million and a median of $24.2 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 172.36% in 2022 and tumbled 34.13% in 2025, its largest moves.
• SmartRent's Operating Expenses stood at $26.2 million in 2022, then decreased by 12.83% to $22.8 million in 2023, then climbed by 1.23% to $23.1 million in 2024, then slipped by 21.92% to $18.0 million in 2025, then climbed by 12.03% to $20.2 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $20.2 million, $18.0 million, and $16.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison