SmartRent (SMRT) Research & Development (2020 - 2026)
SmartRent (SMRT) posted Research & Development of $6.1 million for Q1 2026, down 42.69% sequentially from $10.7 million in Q4 2025, and down 25.58% YoY from $8.3 million in Q1 2025.
SmartRent (SMRT) Research & Development (2020 - 2026) Analysis & Trends
SmartRent has reported Research & Development for 7 years, with the latest figure at $6.1 million in Q1 2026.
- Quarterly Research & Development fell 25.58% year-over-year to $6.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.7 million (up 13.74% YoY) and the FY2025 annual result came in at $26.2 million, down 10.71% from the prior year.
- Research & Development declined to $6.1 million in Q1 2026 per SMRT's latest filing, from $10.7 million in the prior quarter.
- Over five years, Research & Development peaked at $14.2 million in Q4 2023 and troughed at $4.4 million in Q3 2025.
- A 5-year average of $6.5 million and a median of $6.1 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development surged 93.28% in 2023, then plunged 51.15% in 2024.
- Over 5 years, Research & Development stood at $7.3 million in 2022, then surged by 93.28% to $14.2 million in 2023, then slumped by 51.15% to $6.9 million in 2024, then soared by 54.83% to $10.7 million in 2025, then sank by 42.69% to $6.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $6.1 million, $10.7 million, and $4.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | SmartRent | 287.42 Mn | 194.75 Mn | 16.22 Mn | 5.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.58 Mn |
| Mar 31, 2026 | 6.15 Mn |
| Dec 31, 2025 | 10.73 Mn |
| Sep 30, 2025 | 4.35 Mn |
| Jun 30, 2025 | 6.47 Mn |
| Mar 31, 2025 | 8.26 Mn |
| Dec 31, 2024 | 6.93 Mn |
| Sep 30, 2024 | 4.44 Mn |
| Jun 30, 2024 | 4.72 Mn |
| Mar 31, 2024 | 4.55 Mn |
| Dec 31, 2023 | 14.18 Mn |
| Sep 30, 2023 | 4.64 Mn |
| Jun 30, 2023 | 4.83 Mn |
| Mar 31, 2023 | 7.23 Mn |
| Dec 31, 2022 | 7.34 Mn |
| Sep 30, 2022 | 4.90 Mn |
| Jun 30, 2022 | 6.14 Mn |
| Mar 31, 2022 | 5.16 Mn |
| Dec 31, 2021 | 7.52 Mn |
| Sep 30, 2021 | 6.88 Mn |