Filing Flows › Technology › SmartRent (SMRT)
SmartRent (SMRT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · SmartRent (SMRT) Q3 2026 earnings results →
Q3 2026 Revenue up 15% year over year to $41.6M · 9¢ of every $1 of revenue lost · operating margin -11.6%
SmartRent made $41.6M in Q3 2026 (+15% Y/Y): Smart Apartments $33.5M, Access Control $4.7M, Smart Operations Solutions $2.2M. Operating margin -11.6%, net loss $3.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $41.6M in Q3 2026, up 15% year over year and up 4% from the previous quarter. Smart Apartments was the largest line at 81% of revenue. Smart Apartments added $3.6M year over year (up 12%), 67% of the total change. Other Smart Communities Solutions declined 38%.
Operating costs exceeded revenue by $4.8M, an operating margin of -11.6%. Total costs grew 7% against revenue growth of 15%. The fastest-growing cost line was General & admin (+76%). The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $5.6M loss.
Operating cash flow was $2.9M. Non-cash charges added back $2.2M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of $227K left free cash flow of $2.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $41.6M | +15% | -11.6% | −$3.9M | $2.9M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $39.8M | +4% | -16.2% | −$5.6M | −$1.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SmartRent
We are an enterprise real estate technology company that provides a comprehensive management platform designed for property owners, managers and residents. Our suite of products and services, which includes cloud-based software-as-a-service ("SaaS") solutions many of which are enabled by smart building hardware, provide seamless visibility and control over real estate assets. Our platform can lower operating costs, increase revenues, mitigate operational friction and protect assets for owners and operators, while providing a differentiated, elevated living experience for residents.
In its own words, from its 10-K, filed Mar 4, 2026.
SmartRent against its Services-Computer Integrated Systems Design peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +4%. Operating margin: -11.6% against the peers' median 10.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SMRT SmartRent | Q3 2026 | $41.6M | +15% | -11.6% |
| LDOS Leidos Holdings | Q3 2026 | $4.6B | +4% | 11.9% |
| KD Kyndryl Holdings | Q2 FY27 | $3.7B | -2% | 3.1% |
| CACI CACI International | Q3 2026 | $2.5B | +8% | 10.0% |
| SAIC Science Applications International | Q2 FY27 | $1.9B | +6% | 8.1% |
| PSN Parsons | Q3 2026 | $1.7B | +2% | 6.3% |
| GDDY GoDaddy | Q3 2026 | $1.3B | +6% | 27.0% |
| OTEX Open Text | Q1 FY27 | $1.2B | -4% | 20.3% |
| LAWIL Light & Wonder | Q3 2026 | $824M | -2% | 29.4% |
Source: SmartRent 10-Q on SEC EDGAR · CIK 1837014 · Services-Computer Integrated Systems Design
Guidance and outlook
13F: who owns SMRT and who is buying
More on SMRT
History
Every quarter: Q3 2026 results · Q2 2026 results