Hardware was SmartRent’s largest product and service line in fiscal 2025, bringing in $57.97M of $152.33M (38%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Hardware | $87.37M | $137.20M | $82.84M | $57.97M | ||
| Saas | $27.79M | $41.07M | $51.64M | $57.82M | ||
| Professional Services | $32.30M | $35.47M | $18.80M | $21.13M | ||
| Deferred Hub Amortization | $20.36M | $23.10M | $21.60M | $15.40M | ||
| Hosted Services | — | — | — | — | ||
| Total | $167.82M | $236.84M | $174.89M | $152.33M |
SmartRent brought in $152.33M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 12.9% from $174.89M in fiscal 2024. Hardware was the largest at $57.97M (38.1%), ahead of Saas at $57.82M (38.0%) and Professional Services at $21.13M (13.9%). The remaining line, Deferred Hub Amortization, brought in $15.40M.
Compared with fiscal 2024, Professional Services grew fastest, up 12.4% to $21.13M, while Hardware fell the most, down 30.0% to $57.97M. From fiscal 2022 to 2025, combined revenue from these lines fell from $167.82M to $152.33M, a compound annual decline of 3.2%. Hardware's share of the total fell from 52.1% to 38.1%.
SmartRent (SMRT) reports its revenue by product and service. In fiscal 2025, Hardware was its largest product and service line, bringing in $57.97M (38.1% of the total), followed by Saas at $57.82M (38.0%).
Hardware was SmartRent's largest product and service line in fiscal 2025, bringing in $57.97M, or 38.1% of the $152.33M total across its four product and service lines.
Among SmartRent's product and service lines that make up at least 2% of revenue, Professional Services grew fastest in fiscal 2025, up 12.4% from $18.80M to $21.13M.
Every figure comes from SmartRent's annual financial filings, as reported. Each line keeps the name SmartRent gives it, and years follow its fiscal calendar.
SmartRent's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.