SmartRent (SMRT) Operating Expenses (2020 - 2026)
SmartRent (SMRT) posted Operating Expenses of $20.2 million for Q1 2026, up 12.03% sequentially from $18.0 million in Q4 2025, and down 32.44% YoY from $29.9 million in Q1 2025.
SmartRent (SMRT) Operating Expenses (2020 - 2026) Analysis & Trends
SmartRent has reported Operating Expenses for 7 years, with the latest figure at $20.2 million in Q1 2026.
- Quarterly Operating Expenses fell 32.44% year-over-year to $20.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $79.2 million (down 22.69% YoY) and the FY2025 annual result came in at $88.9 million, down 12.92% from the prior year.
- Operating Expenses grew to $20.2 million in Q1 2026 per SMRT's latest filing, from $18.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $29.9 million in Q1 2025 and troughed at $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.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 172.36% in 2022, then plunged 34.13% in 2025.
- Over 5 years, Operating Expenses stood at $26.2 million in 2022, then slipped by 12.83% to $22.8 million in 2023, then grew by 1.23% to $23.1 million in 2024, then dropped by 21.92% to $18.0 million in 2025, then grew 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | SmartRent | 287.42 Mn | 194.75 Mn | 16.22 Mn | 22.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.68 Mn |
| Mar 31, 2026 | 20.22 Mn |
| Dec 31, 2025 | 18.05 Mn |
| Sep 30, 2025 | 16.60 Mn |
| Jun 30, 2025 | 24.35 Mn |
| Mar 31, 2025 | 29.92 Mn |
| Dec 31, 2024 | 23.11 Mn |
| Sep 30, 2024 | 25.19 Mn |
| Jun 30, 2024 | 24.22 Mn |
| Mar 31, 2024 | 29.58 Mn |
| Dec 31, 2023 | 22.83 Mn |
| Sep 30, 2023 | 23.48 Mn |
| Jun 30, 2023 | 21.97 Mn |
| Mar 31, 2023 | 24.41 Mn |
| Dec 31, 2022 | 26.19 Mn |
| Sep 30, 2022 | 27.85 Mn |
| Jun 30, 2022 | 28.00 Mn |
| Mar 31, 2022 | 23.56 Mn |
| Dec 31, 2021 | 22.76 Mn |
| Sep 30, 2021 | 19.74 Mn |