SmartRent (SMRT) Operating Income (2020 - 2026)
SmartRent's (SMRT) quarterly Operating Income came in at -$5.1 million in Q1 2026, up 87.66% year-on-year from -$2.7 million in Q1 2025, and down 28.15% quarter-over-quarter from -$4.0 million in Q4 2025.
SmartRent (SMRT) Operating Income (2020 - 2026) Analysis & Trends
SmartRent has disclosed Operating Income across 7 years of filings, most recently posting -$5.1 million for Q1 2026.
- Operating Income for Q1 2026 came in at -$5.1 million, up 87.66% year-over-year; the trailing twelve-month figure through Mar 2026 was -$27.8 million (up 61.89% YoY), and the FY2025 annual result was -$64.0 million, down 53.16% from the prior year.
- Operating Income came in at -$5.1 million for Q1 2026 at SmartRent, down from -$4.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$4.0 million in Q4 2025 to a low of -$41.3 million in Q1 2025.
- The 5-year median for Operating Income is -$11.7 million (2024), against an average of -$15.2 million.
- Across the five-year window, Operating Income sank 306.43% in 2025 and jumped 87.66% in 2026, its largest moves.
- SmartRent's Operating Income stood at -$22.3 million in 2022, then jumped by 73.82% to -$5.8 million in 2023, then sank by 122.23% to -$13.0 million in 2024, then jumped by 69.32% to -$4.0 million in 2025, then dropped by 28.15% to -$5.1 million in 2026.
- The last three Operating Income figures came in at -$5.1 million (Q1 2026), -$4.0 million (Q4 2025), and -$7.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 145.83 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 1.92 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 382.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 2.35 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 431.33 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 503.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -1.37 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 2.24 Bn |
| 10 | SmartRent | 209.86 Mn | 111.04 Mn | 15.12 Mn | -5.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.09 Mn |
| Dec 31, 2025 | -3.98 Mn |
| Sep 30, 2025 | -7.03 Mn |
| Jun 30, 2025 | -11.69 Mn |
| Mar 31, 2025 | -41.29 Mn |
| Dec 31, 2024 | -12.96 Mn |
| Sep 30, 2024 | -11.74 Mn |
| Jun 30, 2024 | -6.92 Mn |
| Mar 31, 2024 | -10.16 Mn |
| Dec 31, 2023 | -5.83 Mn |
| Sep 30, 2023 | -9.95 Mn |
| Jun 30, 2023 | -12.09 Mn |
| Mar 31, 2023 | -15.29 Mn |
| Dec 31, 2022 | -22.27 Mn |
| Sep 30, 2022 | -26.67 Mn |
| Jun 30, 2022 | -27.01 Mn |
| Mar 31, 2022 | -28.30 Mn |
| Dec 31, 2021 | -25.91 Mn |
| Sep 30, 2021 | -26.53 Mn |
| Jun 30, 2021 | -10.00 Mn |