SmartRent, Inc. (SMRT) stock

SMRTNYSEServices-Computer Integrated Systems DesignFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 10/3031% below fair value

$1.59−0.08 (-4.79%)

Close on Nov 13, 2026Market cap $304.66MP/E –Yield –

SmartRent r&d expenses

Research and development expenses are spending on new products and technology.

SmartRent's R&D Expenses for the twelve months ending Sep 30, 2026 was $22.56M, down 18.9% year over year. For fiscal 2025 it was $26.22M, down 10.7% from the year before. The highest annual figure on record is $29.42M in fiscal 2022.

Annual r&d expenses

Period	Period end	Value	Change
FY2025	Dec 31, 2025	$26.22M	-10.7%
FY2024	Dec 31, 2024	$29.37M	+2.0%
FY2023	Dec 31, 2023	$28.81M	-2.1%
FY2022	Dec 31, 2022	$29.42M	+36.4%
FY2021	Dec 31, 2021	$21.57M	+129.3%
FY2020	Dec 31, 2020	$9.41M	–

Quarterly r&d expenses

Change is against the same quarter a year earlier.

Period	Period end	Value	Change
Q3 FY2026	Sep 30, 2026	$5.48M	-10.9%
Q2 FY2026	Jun 30, 2026	$5.58M	-13.7%
Q1 FY2026	Mar 31, 2026	$6.15M	-25.6%
Q4 FY2025	Dec 31, 2025	$5.35M	-22.7%
Q3 FY2025	Sep 30, 2025	$6.15M	-6.8%
Q2 FY2025	Jun 30, 2025	$6.47M	-13.6%
Q1 FY2025	Mar 31, 2025	$8.26M	-1.2%
Q4 FY2024	Dec 31, 2024	$6.93M	-7.2%
Q3 FY2024	Sep 30, 2024	$6.60M	-12.9%
Q2 FY2024	Jun 30, 2024	$7.48M	+14.5%
Q1 FY2024	Mar 31, 2024	$8.36M	+15.6%
Q4 FY2023	Dec 31, 2023	$7.47M	+1.8%
Q3 FY2023	Sep 30, 2023	$7.57M	-0.5%
Q2 FY2023	Jun 30, 2023	$6.54M	-18.6%
Q1 FY2023	Mar 31, 2023	$7.23M	+12.2%
Q4 FY2022	Dec 31, 2022	$7.34M	-2.4%
Q3 FY2022	Sep 30, 2022	$7.61M	+10.6%
Q2 FY2022	Jun 30, 2022	$8.03M	+96.7%
Q1 FY2022	Mar 31, 2022	$6.45M	+108.4%
Q4 FY2021	Dec 31, 2021	$7.52M	+171.8%
Q3 FY2021	Sep 30, 2021	$6.88M	+160.9%
Q2 FY2021	Jun 30, 2021	$4.08M	–
Q1 FY2021	Mar 31, 2021	$3.09M	–
Q4 FY2020	Dec 31, 2020	$2.77M	–
Q3 FY2020	Sep 30, 2020	$2.64M	–