SmartRent annual gross margin
2020
2021
2022
2023
2024
2025
SmartRent Gross Margin Growth & History (SMRT)
SmartRent's gross margin was 32.74% for fiscal 2025.
View full SmartRent company overviewSmartRent annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 32.74% | −1.76 pp |
| 2024 | 2024-12-31 | 34.50% | +13.59 pp |
| 2023 | 2023-12-31 | 20.91% | +20.11 pp |
| 2022 | 2022-12-31 | 0.80% | +9.91 pp |
| 2021 | 2021-12-31 | −9.10% | −0.93 pp |
| 2020 | 2020-12-31 | −8.18% | — |
SmartRent quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.71% | +7.64 pp |
| Q1 2026 | 2026-03-31 | 39.09% | +6.29 pp |
| Q4 2025 | 2025-12-31 | 38.58% | +9.87 pp |
| Q3 2025 | 2025-09-30 | 26.43% | −6.79 pp |
| Q2 2025 | 2025-06-30 | 33.07% | −2.60 pp |
| Q1 2025 | 2025-03-31 | 32.80% | −5.67 pp |
| Q4 2024 | 2024-12-31 | 28.71% | +0.49 pp |
| Q3 2024 | 2024-09-30 | 33.22% | +9.93 pp |
| Q2 2024 | 2024-06-30 | 35.67% | +17.16 pp |
| Q1 2024 | 2024-03-31 | 38.47% | +24.46 pp |
| Q4 2023 | 2023-12-31 | 28.21% | +18.55 pp |
| Q3 2023 | 2023-09-30 | 23.29% | +20.80 pp |
| Q2 2023 | 2023-06-30 | 18.51% | +16.18 pp |
| Q1 2023 | 2023-03-31 | 14.01% | +26.70 pp |
| Q4 2022 | 2022-12-31 | 9.67% | +18.77 pp |
| Q3 2022 | 2022-09-30 | 2.49% | +21.81 pp |
| Q2 2022 | 2022-06-30 | 2.33% | +1.02 pp |
| Q1 2022 | 2022-03-31 | −12.70% | −10.54 pp |
| Q4 2021 | 2021-12-31 | −9.10% | — |
| Q3 2021 | 2021-09-30 | −19.32% | −19.12 pp |
| Q2 2021 | 2021-06-30 | 1.31% | — |
| Q1 2021 | 2021-03-31 | −2.16% | — |
| Q3 2020 | 2020-09-30 | −0.20% | — |
SmartRent gross margin trends
Over the last five fiscal years, SmartRent's gross margin increased from −8.18% to 32.74%, a change of +40.92 percentage points. The latest reported quarter, Q2 2026, shows 40.71%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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