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Telos vs SmartRent: TLS and SMRT compared
Telos is the larger company: $47.7M of revenue in its latest quarter (Q2 2026) against $41.6M for SmartRent (Q3 2026). Telos is growing faster (+33% against +15% a year earlier). Telos is more profitable, with an operating margin of 0.6% against -11.6%.
Where the money goes: TLS and SMRT
Telos (TLS) · Q2 2026
Telos, Q2 2026: revenue $47.7M (+33% year over year), operating margin 0.6%, net earnings $660K, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
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.
| Telos (TLS) | SmartRent (SMRT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $47.7M | $41.6M |
| Revenue growth, Y/Y | +33% | +15% |
| Gross margin | 35.0% | — |
| Operating margin | 0.6% | -11.6% |
| Net earnings | $660K | −$3.9M |
| Net margin | 1.4% | -9.4% |
| Operating cash flow | $8.8M | $2.9M |
| Free cash flow | $8.6M | $2.6M |
Where the revenue comes from
Telos
- Service: $40.6M (85%)
- Product: $7.2M (15%)
SmartRent
- Smart Apartments: $33.5M (81%)
- Access Control: $4.7M (11%)
- Smart Operations Solutions: $2.2M (5%)
- Other Smart Communities Solutions: $1.2M (3%)
Questions
Which is bigger, Telos or SmartRent?
Telos is the larger company: $47.7M of revenue in its latest quarter (Q2 2026) against $41.6M for SmartRent (Q3 2026).
Is Telos or SmartRent growing faster?
Telos is growing faster (+33% against +15% a year earlier).
Which is more profitable, Telos or SmartRent?
Telos is more profitable, with an operating margin of 0.6% against -11.6%.
More: Telos earnings · how Telos makes money · SmartRent earnings · how SmartRent makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.