Filing Flows › SmartRent (SMRT) › Q3 2026 › vs Q2 2026
SmartRent (SMRT) Q3 2026 vs Q2 2026 (quarter over quarter)
SmartRent's revenue rose $1.7M (+4%) from $39.8M in Q2 2026 to $41.6M in Q3 2026. The biggest changes: Access Control +$2.0M (+73%); Other Smart Communities Solutions −$295K (-20%); Smart Apartments +$163K (+0.5%).
SmartRent, Q3 2026: revenue $41.6M (+15% year over year), operating margin -11.6%, net loss $3.9M, operating cash flow $2.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.4% | -4.8% | +11.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Smart Apartments | $33.5M | $33.3M | $163K | +0.5% |
| Access Control | $4.7M | $2.7M | $2.0M | +73% |
| Smart Operations Solutions | $2.2M | $2.3M | −$124K | -5% |
| Other Smart Communities Solutions | $1.2M | $1.5M | −$295K | -20% |
| Revenue | $41.6M | $39.8M | $1.7M | +4% |
| Other income, net | $716K | $658K | $58K | +9% |
| Income tax benefit | $180K | $162K | $18K | +11% |
| Net loss | $3.9M | $5.6M | −$1.7M | -31% |
| Costs & expenses | $46.4M | $46.3M | $69K | +0.1% |
| Operating costs | $46.4M | $46.3M | $69K | +0.1% |
| Cost of revenue | $24.5M | $23.6M | $833K | +4% |
| Research & development | $5.5M | $5.6M | −$106K | -2% |
| Sales & marketing | $5.7M | $5.2M | $464K | +9% |
| General & admin | $10.8M | $11.9M | −$1.1M | -9% |
| Operating cash sources | $6.8M | $4.0M | $2.8M | +72% |
| Depreciation & amortization | $2.2M | $2.3M | −$64K | -3% |
| Share-based compensation | $3.2M | $3.2M | −$68K | -2% |
| Working capital & other | $1.4M | −$1.6M | $3.0M | — |
| Net loss absorbed | $3.9M | $5.6M | −$1.7M | -31% |
| Operating cash flow | $2.9M | −$1.7M | $4.6M | — |
| Free cash flow (OCF − capex) | $2.6M | −$1.9M | $4.6M | — |
| Capital expenditures | $227K | $225K | $2K | +0.9% |
Questions
How much did SmartRent's revenue grow quarter over quarter in Q3 2026?
SmartRent's revenue rose $1.7M (+4%) from $39.8M in Q2 2026 to $41.6M in Q3 2026.
What drove SmartRent's revenue change in Q3 2026?
Access Control +$2.0M (+73%); Other Smart Communities Solutions −$295K (-20%); Smart Apartments +$163K (+0.5%).