SmartRent (SMRT) Revenue & Revenue Breakdown
SmartRent Revenue Highlights
Latest Revenue (Y)
$236.84M
Latest Revenue (Q)
$48.50M
Main Segment (Y)
Hardware
Main Geography (Y)
UNITED STATES
SmartRent Revenue by Period
SmartRent Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $236.84M | 41.13% |
| 2022-12-31 | $167.82M | 51.69% |
| 2021-12-31 | $110.64M | 110.60% |
| 2020-12-31 | $52.53M | 44.99% |
| 2019-12-31 | $36.23M | - |
SmartRent generated $236.84M in revenue during NA 2023, up 41.13% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
SmartRent Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $48.50M | -3.94% |
| 2024-03-31 | $50.49M | -16.21% |
| 2023-12-31 | $60.25M | 3.70% |
| 2023-09-30 | $58.10M | 8.80% |
| 2023-06-30 | $53.40M | -17.94% |
| 2023-03-31 | $65.08M | 60.49% |
| 2022-12-31 | $40.55M | -14.63% |
| 2022-09-30 | $47.50M | 12.01% |
| 2022-06-30 | $42.41M | 13.52% |
| 2022-03-31 | $37.36M | 7.76% |
| 2021-12-31 | $34.67M | -1.32% |
| 2021-09-30 | $35.13M | 62.07% |
| 2021-06-30 | $21.68M | 13.14% |
| 2021-03-31 | $19.16M | 40.87% |
| 2020-12-31 | $13.60M | -18.01% |
| 2020-09-30 | $16.59M | 186.44% |
| 2020-06-30 | $5.79M | -65.02% |
| 2020-03-31 | $16.55M | - |
SmartRent generated $48.50M in revenue during Q2 2024, up -3.94% compared to the previous quarter, and up 74.52% compared to the same period a year ago.
SmartRent Revenue Breakdown
SmartRent Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Hosted Services | $64.16M | $48.15M | $18.28M |
| Hardware | $137.20M | $87.37M | $69.63M |
| Professional Services | $55.49M | $32.30M | $22.73M |
SmartRent's latest annual revenue breakdown by segment (product or service), as of Dec 23: Hardware (53.41%), Hosted Services (24.98%), and Professional Services (21.61%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Professional Services | $6.45M | $21.55M | $11.13M | $10.05M | $12.77M | $8.79M | $7.48M | $9.12M | $6.91M | $7.39M | $8.18M |
| Hosted Services | $17.95M | $17.10M | $16.51M | $15.56M | $14.98M | $14.08M | $13.34M | $12.39M | $8.34M | $6.10M | $4.93M |
| Hardware | $29.08M | $36.46M | $35.63M | $27.79M | $37.33M | $17.68M | $26.68M | $20.89M | $22.11M | $21.18M | $22.02M |
SmartRent's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Hardware (54.37%), Hosted Services (33.57%), and Professional Services (12.06%).
SmartRent Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| UNITED STATES | $235.55M | $165.79M | - |
| Non-US | $1.28M | $2.03M | - |
| U S | - | - | $108.07M |
| Non Us | - | - | $2.56M |
SmartRent's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (99.46%), and Non-US (0.54%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $50.30M | $59.94M | $58.06M | $52.63M | $64.93M | $40.32M | $47.10M | $41.93M | - | - | - |
| Non-US | $188.00K | $316.00K | $48.00K | $775.00K | $146.00K | $234.00K | $404.00K | $476.00K | - | - | - |
| Non Us | - | - | - | - | - | - | - | - | $912.00K | $704.00K | $885.00K |
| U S | - | - | - | - | - | - | - | - | $36.45M | $33.96M | $34.25M |
SmartRent's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (99.63%), and Non-US (0.37%).
SmartRent Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ENV | Envestnet | $1.25B | $348.27M |
| PWSC | PowerSchool | $697.65M | $191.59M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| ETWO | E2open Parent | $634.55M | $151.16M |
| PAR | PAR | $415.82M | $78.15M |
| CWAN | Clearwater Analytics | $368.17M | $106.79M |
| SEMR | Semrush | $307.68M | $90.95M |
| MLNK | MeridianLink | $303.62M | $78.68M |
| SMRT | SmartRent | $236.84M | $48.50M |
| ENFN | Enfusion | $174.53M | $49.45M |
| ONTF | ON24 | $163.71M | $37.35M |
| EXFY | Expensify | $150.69M | $33.29M |
| LAW | CS Disco | $138.09M | $36.01M |
| AMSWA | American Software | $102.52M | $26.19M |
| CCRD | CoreCard | $56.00M | $13.80M |
| HKIT | Hitek Global | $4.56M | $1.62M |
SMRT Revenue FAQ
What is SmartRent’s yearly revenue?
SmartRent's yearly revenue for 2023 was $236.84M, representing an increase of 41.13% compared to 2022. The company's yearly revenue for 2022 was $167.82M, representing an increase of 51.69% compared to 2021. SMRT's yearly revenue for 2021 was $110.64M, representing an increase of 110.60% compared to 2020.
What is SmartRent’s quarterly revenue?
SmartRent's quarterly revenue for Q2 2024 was $48.5M, a -3.94% decrease from the previous quarter (Q1 2024), and a -9.18% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $50.49M, a -16.21% decrease from the previous quarter (Q4 2023), and a -22.42% decrease year-over-year (Q1 2023). SMRT's quarterly revenue for Q4 2023 was $60.25M, a 3.70% increase from the previous quarter (Q3 2023), and a 48.59% increase year-over-year (Q4 2022).
What is SmartRent’s revenue growth rate?
SmartRent's revenue growth rate for the last 3 years (2021-2023) was 114.07%, and for the last 5 years (2019-2023) was 553.67%.
What are SmartRent’s revenue streams?
SmartRent's revenue streams in c 23 are Hosted Services, Hardware, and Professional Services. Hosted Services generated $64.16M in revenue, accounting 24.98% of the company's total revenue, up 33.26% year-over-year. Hardware generated $137.2M in revenue, accounting 53.41% of the company's total revenue, up 57.03% year-over-year. Professional Services generated $55.5M in revenue, accounting 21.61% of the company's total revenue, up 71.81% year-over-year.
What is SmartRent’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of SmartRent was Hardware. This segment made a revenue of $137.2M, representing 53.41% of the company's total revenue.