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 10/3029% below fair value

$1.67−0.03 (-1.76%)

Close on Nov 12, 2026Market cap $319.99MP/E –Yield –

SmartRent operating margin

Operating margin is operating income as a percentage of revenue.

SmartRent's operating margin for the twelve months ending Sep 30, 2026 was -13.0%. For fiscal 2025 it was -42.0%, against -23.9% the year before. The highest annual figure on record is -18.2% in fiscal 2023.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	-42.0%	−18.1
FY2024	Dec 31, 2024	-23.9%	−5.7
FY2023	Dec 31, 2023	-18.2%	+43.9
FY2022	Dec 31, 2022	-62.1%	+2.6
FY2021	Dec 31, 2021	-64.8%	+3.2
FY2020	Dec 31, 2020	-68.0%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	-11.6%	+7.8
Q2 FY2026	Jun 30, 2026	-16.2%	+14.3
Q1 FY2026	Mar 31, 2026	-13.2%	+86.7
Q4 FY2025	Dec 31, 2025	-10.9%	+25.7
Q3 FY2025	Sep 30, 2025	-19.4%	+9.6
Q2 FY2025	Jun 30, 2025	-30.5%	−16.2
Q1 FY2025	Mar 31, 2025	-99.9%	−79.7
Q4 FY2024	Dec 31, 2024	-36.6%	−27.0
Q3 FY2024	Sep 30, 2024	-29.0%	−11.9
Q2 FY2024	Jun 30, 2024	-14.3%	+8.4
Q1 FY2024	Mar 31, 2024	-20.1%	+3.4
Q4 FY2023	Dec 31, 2023	-9.7%	+45.2
Q3 FY2023	Sep 30, 2023	-17.1%	+39.0
Q2 FY2023	Jun 30, 2023	-22.6%	+41.1
Q1 FY2023	Mar 31, 2023	-23.5%	+52.3
Q4 FY2022	Dec 31, 2022	-54.9%	+19.8
Q3 FY2022	Sep 30, 2022	-56.1%	+19.4
Q2 FY2022	Jun 30, 2022	-63.7%	−17.6
Q1 FY2022	Mar 31, 2022	-75.8%	−27.6
Q4 FY2021	Dec 31, 2021	-74.7%	+5.3
Q3 FY2021	Sep 30, 2021	-75.5%	−26.7
Q2 FY2021	Jun 30, 2021	-46.1%	–
Q1 FY2021	Mar 31, 2021	-48.1%	–
Q4 FY2020	Dec 31, 2020	-80.0%	–
Q3 FY2020	Sep 30, 2020	-48.8%	–