SmartRent annual r&d spending
2020
2021
2022
2023
2024
2025
SmartRent R&D Spending Growth & History (SMRT)
SmartRent's r&d spending was $26.2M for fiscal 2025.
View full SmartRent company overviewSmartRent annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $26.2M | −$3.1M | −10.71% |
| 2024 | 2024-12-31 | $29.4M | $564,000 | +1.96% |
| 2023 | 2023-12-31 | $28.8M | −$617,000 | −2.10% |
| 2022 | 2022-12-31 | $29.4M | $7.8M | +36.39% |
| 2021 | 2021-12-31 | $21.6M | $12.2M | +129.34% |
| 2020 | 2020-12-31 | $9.4M | — | — |
SmartRent quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.6M | −$883,000 | −13.66% |
| Q1 2026 | 2026-03-31 | $6.1M | −$2.1M | −25.58% |
| Q4 2025 | 2025-12-31 | $5.4M | −$1.6M | −22.74% |
| Q3 2025 | 2025-09-30 | $6.1M | −$447,000 | −6.78% |
| Q2 2025 | 2025-06-30 | $6.5M | −$1.0M | −13.62% |
| Q1 2025 | 2025-03-31 | $8.3M | −$104,000 | −1.24% |
| Q4 2024 | 2024-12-31 | $6.9M | −$538,000 | −7.21% |
| Q3 2024 | 2024-09-30 | $6.6M | −$977,000 | −12.90% |
| Q2 2024 | 2024-06-30 | $7.5M | $948,000 | +14.50% |
| Q1 2024 | 2024-03-31 | $8.4M | $1.1M | +15.64% |
| Q4 2023 | 2023-12-31 | $7.5M | $129,000 | +1.76% |
| Q3 2023 | 2023-09-30 | $7.6M | −$37,000 | −0.49% |
| Q2 2023 | 2023-06-30 | $6.5M | −$1.5M | −18.61% |
| Q1 2023 | 2023-03-31 | $7.2M | $785,000 | +12.18% |
| Q4 2022 | 2022-12-31 | $7.3M | −$179,000 | −2.38% |
| Q3 2022 | 2022-09-30 | $7.6M | $729,000 | +10.59% |
| Q2 2022 | 2022-06-30 | $8.0M | $3.9M | +96.67% |
| Q1 2022 | 2022-03-31 | $6.4M | $3.4M | +108.41% |
| Q4 2021 | 2021-12-31 | $7.5M | — | — |
| Q3 2021 | 2021-09-30 | $6.9M | $4.2M | +160.94% |
| Q2 2021 | 2021-06-30 | $4.1M | — | — |
| Q1 2021 | 2021-03-31 | $3.1M | — | — |
| Q3 2020 | 2020-09-30 | $2.6M | — | — |
SmartRent r&d spending trends
Over the last five fiscal years, SmartRent's r&d spending increased from $9.4M to $26.2M, a change of $16.8M. The latest reported quarter, Q2 2026, shows $5.6M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SmartRent source filings ↗