SmartRent (SMRT) Operating Leases (2023 - 2026)

SmartRent's Operating Leases history runs 4 years deep, the most recent figure standing at $5.5 million for Q1 2026.

• In Q1 2026, Operating Leases fell 18.63% year-over-year to $5.5 million; the TTM figure through Mar 2026 stood at $5.5 million (down 18.63% YoY), while the FY2025 annual figure was $5.8 million, down 17.5% from the prior year.
• Operating Leases came in at $5.5 million for Q1 2026 at SmartRent, down from $5.8 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $7.3 million in Q3 2024 to a low of $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.
• Across the five-year window, Operating Leases surged 435.55% in 2024 and slipped 18.63% in 2026, its largest moves.
• SmartRent's Operating Leases stood at $1.3 million in 2023, then soared by 435.55% to $7.0 million in 2024, then declined by 17.5% to $5.8 million in 2025, then dropped 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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