Filing Flows › SmartRent (SMRT) › Q3 2026 › vs Q3 2025
SmartRent (SMRT) Q3 2026 vs Q3 2025 (year over year)
SmartRent's revenue rose $5.4M (+15%) from $36.2M in Q3 2025 to $41.6M in Q3 2026. The biggest changes: Smart Apartments +$3.6M (+12%); Access Control +$3.0M (+171%); Other Smart Communities Solutions −$724K (-38%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.4% | -6.1% | +12.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Smart Apartments | $33.5M | $29.9M | $3.6M | +12% |
| Access Control | $4.7M | $1.7M | $3.0M | +171% |
| Smart Operations Solutions | $2.2M | $2.6M | −$462K | -18% |
| Other Smart Communities Solutions | $1.2M | $1.9M | −$724K | -38% |
| Revenue | $41.6M | $36.2M | $5.4M | +15% |
| Other income, net | $716K | $813K | −$97K | -12% |
| Income tax benefit | $180K | −$56K | $236K | — |
| Net loss | $3.9M | $6.3M | −$2.4M | -38% |
| Costs & expenses | $46.4M | $43.3M | $3.1M | +7% |
| Operating costs | $46.4M | $43.2M | $3.1M | +7% |
| Cost of revenue | $24.5M | $26.6M | −$2.2M | -8% |
| Research & development | $5.5M | $6.1M | −$673K | -11% |
| Sales & marketing | $5.7M | $4.4M | $1.3M | +31% |
| General & admin | $10.8M | $6.1M | $4.7M | +76% |
| Operating cash sources | $6.8M | $4.1M | $2.6M | +64% |
| Depreciation & amortization | $2.2M | $2.2M | $26K | +1% |
| Share-based compensation | $3.2M | $2.1M | $1.1M | +52% |
| Working capital & other | $1.4M | −$148K | $1.5M | — |
| Net loss absorbed | $3.9M | $6.3M | −$2.4M | -38% |
| Operating cash flow | $2.9M | −$2.1M | $5.0M | — |
| Free cash flow (OCF − capex) | $2.6M | −$2.2M | $4.9M | — |
| Capital expenditures | $227K | $90K | $137K | +152% |
Questions
How much did SmartRent's revenue grow year over year in Q3 2026?
SmartRent's revenue rose $5.4M (+15%) from $36.2M in Q3 2025 to $41.6M in Q3 2026.
What drove SmartRent's revenue change in Q3 2026?
Smart Apartments +$3.6M (+12%); Access Control +$3.0M (+171%); Other Smart Communities Solutions −$724K (-38%).