Filing Flows › Comparisons › SMRT vs STEM
SmartRent vs Stem: SMRT and STEM compared
SmartRent is the larger company: $41.6M of revenue in its latest quarter (Q3 2026) against $33.7M for Stem (Q2 2026). SmartRent is growing faster (+15% against -12% a year earlier). SmartRent is more profitable, with an operating margin of -11.6% against -22.8%.
Where the money goes: SMRT and STEM
SmartRent (SMRT) · Q3 2026
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 follows the revenue to costs, profit and cash.
Stem (STEM) · Q2 2026
Stem, Q2 2026: revenue $33.7M (-12% year over year), operating margin -22.8%, net loss $14.4M, operating cash flow $342K. The chart follows the revenue to costs, profit and cash.
| SmartRent (SMRT) | Stem (STEM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $41.6M | $33.7M |
| Revenue growth, Y/Y | +15% | -12% |
| Operating margin | -11.6% | -22.8% |
| Net earnings | −$3.9M | −$14.4M |
| Net margin | -9.4% | -42.7% |
| Operating cash flow | $2.9M | $342K |
| Free cash flow | $2.6M | — |
Where the revenue comes from
SmartRent
- Smart Apartments: $33.5M (81%)
- Access Control: $4.7M (11%)
- Smart Operations Solutions: $2.2M (5%)
- Other Smart Communities Solutions: $1.2M (3%)
Stem
- Subtotal: $27.5M (82%)
- Managed services: $5.9M (18%)
- Battery hardware resale: $286K (1%)
Questions
Which is bigger, SmartRent or Stem?
SmartRent is the larger company: $41.6M of revenue in its latest quarter (Q3 2026) against $33.7M for Stem (Q2 2026).
Is SmartRent or Stem growing faster?
SmartRent is growing faster (+15% against -12% a year earlier).
Which is more profitable, SmartRent or Stem?
SmartRent is more profitable, with an operating margin of -11.6% against -22.8%.
More: SmartRent earnings · how SmartRent makes money · Stem earnings · how Stem makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.