SmartRent (SMRT) Operating Leases (2023 - 2026)
SmartRent (SMRT) posted Operating Leases of $5.5 million for Q1 2026, down 5.56% sequentially from $5.8 million in Q4 2025, and down 18.63% YoY from $6.7 million in Q1 2025.
SmartRent (SMRT) Operating Leases (2023 - 2026) Analysis & Trends
SmartRent has reported Operating Leases for 4 years, with the latest figure at $5.5 million in Q1 2026.
- Quarterly Operating Leases fell 18.63% year-over-year to $5.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.5 million (down 18.63% YoY) and the FY2025 annual result came in at $5.8 million, down 17.5% from the prior year.
- Operating Leases declined to $5.5 million in Q1 2026 per SMRT's latest filing, from $5.8 million in the prior quarter.
- Over five years, Operating Leases peaked at $7.3 million in Q3 2024 and troughed at $1.3 million in Q4 2023.
- A 4-year average of $5.8 million and a median of $6.3 million in 2025 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2024 and 2026: Operating Leases soared 435.55% in 2024, then dropped 18.63% in 2026.
- Over 4 years, Operating Leases stood at $1.3 million in 2023, then jumped by 435.55% to $7.0 million in 2024, then fell by 17.5% to $5.8 million in 2025, then declined by 5.56% to $5.5 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $5.5 million, $5.8 million, and $6.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | SmartRent | 287.42 Mn | 194.75 Mn | 16.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.23 Mn |
| Mar 31, 2026 | 5.47 Mn |
| Dec 31, 2025 | 5.79 Mn |
| Sep 30, 2025 | 6.11 Mn |
| Jun 30, 2025 | 6.42 Mn |
| Mar 31, 2025 | 6.72 Mn |
| Dec 31, 2024 | 7.02 Mn |
| Sep 30, 2024 | 7.31 Mn |
| Dec 31, 2023 | 1.31 Mn |