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Revenue by Segment
Breaks down SmartRent's income across different business areas, highlighting which segments drive growth and profitability.SmartRent’s revenue mix is shifting from lumpy, hardware-driven swings toward steadier SaaS and services: hardware spiked in 2023 then collapsed and remains well below prior peaks, while professional services have recovered to mid-single‑digit millions and margins have improved. Hosted Services grew steadily until 2024 but has flattened and dipped in early‑2026, consistent with reported ARPU/churn headwinds and lower non‑cash hub amortization; management’s GTM ramp and VAR play aim to restore bookings and ARR, but execution timing is the key near‑term risk.
Date | Professional Services | Hardware | Hosted Services |
|---|---|---|---|
Jun 30, 2026 | $8.64M | $13.62M | $17.58M |
Mar 31, 2026 | $6.03M | $15.38M | $17.27M |
Dec 31, 2025 | $5.88M | $12.49M | $18.10M |
Sep 30, 2025 | $7.04M | $11.51M | $17.66M |
Jun 30, 2025 | $4.33M | $15.14M | $18.84M |
Mar 31, 2025 | $3.89M | $18.83M | $18.62M |
Dec 31, 2024 | $6.22M | $10.38M | $18.76M |
Sep 30, 2024 | $3.31M | $18.71M | $18.50M |
Jun 30, 2024 | $5.82M | $24.68M | $18.03M |
Mar 31, 2024 | $3.46M | $29.08M | $17.95M |