SmartRent (SMRT) Operating Expenses (2020 - 2026)

SmartRent has disclosed Operating Expenses across 7 years of filings, most recently posting $20.2 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $20.2 million, down 32.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $79.2 million (down 22.69% YoY), and the FY2025 annual result 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.
• The 5-year median for Operating Expenses is $24.2 million (2024), against an average of $24.1 million.
• Across the five-year window, Operating Expenses soared 172.36% in 2022 and plunged 34.13% in 2025, its largest moves.
• SmartRent's Operating Expenses stood at $26.2 million in 2022, then retreated by 12.83% to $22.8 million in 2023, then advanced by 1.23% to $23.1 million in 2024, then decreased by 21.92% to $18.0 million in 2025, then advanced by 12.03% to $20.2 million in 2026.
• The last three Operating Expenses figures came in at $20.2 million (Q1 2026), $18.0 million (Q4 2025), and $16.6 million (Q3 2025), per Business Quant data.