SMARTRENT, INC.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.8M | $38.7M | $36.5M | $36.2M | $38.3M | $41.3M | $35.4M | $40.5M |
| Cost of Revenue | $23.6M | $23.6M | $22.4M | $26.6M | $25.6M | $27.8M | $25.2M | $27.1M |
| Gross Profit | $16.2M | $15.1M | $14.1M | $9.6M | $12.7M | $13.6M | $10.2M | $13.5M |
| Gross Margin | 40.7% | 39.1% | 38.6% | 26.4% | 33.1% | 32.8% | 28.7% | 33.2% |
| Operating Expenses | ||||||||
| Research & Development | $5.6M | $6.1M | $5.4M | $6.1M | $6.5M | $8.3M | $6.9M | $6.6M |
| SG&A Expense | $11.9M | $9.6M | $8.7M | $6.1M | $11.5M | $16.9M | $11.5M | $14.2M |
| Operating Income | $-6.5M | $-5.1M | $-4.0M | $-7.0M | $-11.7M | $-41.3M | $-13.0M | $-11.7M |
| Operating Margin | -16.2% | -13.2% | -10.9% | -19.4% | -30.5% | -99.9% | -36.6% | -29.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-5.8M | $-4.4M | $-3.3M | $-6.2M | $-10.9M | $-40.1M | $-11.3M | $-9.9M |
| Income Tax Expense | $-162.0K | $40.0K | $-90.0K | $56.0K | $-33.0K | $108.0K | $136.0K | $18.0K |
| Net Income | $-5.6M | $-4.4M | $-3.2M | $-6.3M | $-10.9M | $-40.2M | $-11.4M | $-9.9M |
| Net Margin | -14.2% | -11.5% | -8.9% | -17.3% | -28.3% | -97.2% | -32.3% | -24.5% |
| EPS (Basic) | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.06 | $-0.21 | $-0.06 | $-0.05 |
| EPS (Diluted) | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.06 | $-0.21 | $-0.06 | $-0.05 |
| Shares Outstanding (Basic) | 192.4M | 191.7M | 189.7M | 188.4M | 188.8M | 192.4M | 199.2M | 198.7M |
| Shares Outstanding (Diluted) | 192.4M | 191.7M | 189.7M | 188.4M | 188.8M | 192.4M | 199.2M | 198.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |