Filing Flows › SmartRent (SMRT) › How it makes money
How SmartRent (SMRT) makes money
SmartRent (SMRT) made $41.6M of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Smart Apartments brought in $33.5M (81%); Access Control brought in $4.7M (11%); Smart Operations Solutions brought in $2.2M (5%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Smart Apartments | $33.5M | 80.6% | +0.5% | +12% |
| Access Control | $4.7M | 11.3% | +73% | +171% |
| Smart Operations Solutions | $2.2M | 5.2% | -5% | -18% |
| Other Smart Communities Solutions | $1.2M | 2.9% | -20% | -38% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $41.6M | 100.0% |
| Operating cash flow | $2.9M | 6.9% |
| Free cash flow | $2.6M | 6.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $41.6M | +15% |
| Q2 2026 | $39.8M | +4% |
From SmartRent's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does SmartRent make money?
SmartRent (SMRT) made $41.6M of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Smart Apartments brought in $33.5M (81%); Access Control brought in $4.7M (11%); Smart Operations Solutions brought in $2.2M (5%).
What is SmartRent's biggest business?
Smart Apartments: $33.5M in the third quarter 2026, 81% of revenue, +12% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.