Smartrent Inc (SMRT) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Smartrent Inc   (NYSE: SMRT)

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Description of Smartrent Inc's Business Segments


Smartrent Inc is at the forefront of transforming property management and enhancing the living experience for residents through its innovative segments, products, and services. The company is committed to delivering a comprehensive suite of smart solutions tailored to meet the dynamic needs of property owners, property managers, and residents.

Segments

Smartrent Inc focuses on three primary segments:

1. Property Owners:
Smartrent provides property owners with a seamless, tech-driven solution that enables them to enhance their properties with modern amenities. By integrating smart technologies, owners can offer flexible living options that appeal to a broader demographic, thereby increasing the propertys marketability and rental rates. This segment benefits from the increased operational efficiency and improved tenant engagement encouraged by technology.

2. Property Managers:
For property management companies, Smartrent offers tools designed to improve tenant satisfaction, retention rates, and operational efficiency. These tools help managers streamline their processes, reducing the time spent on administrative tasks and enhancing overall productivity. By leveraging smart technologies, property managers can deliver superior experiences to residents while decreasing costs related to maintenance and operations.

3. Residents:
Smartrent is dedicated to enhancing the resident experience by providing cutting-edge smart home devices and amenities. Residents enjoy advanced technological features that promote convenience, security, and energy efficiency. Smartrent also ensures that residents have accessible support systems that enhance their quality of life, making their living experience more pleasant and secure.

Products

Smartrents product lineup encompasses a variety of smart technologies designed to fulfill the autonomy and automation desires of property owners and managers, including:

1. Smart Home Products:
The core of Smartrent’s offering, these products include various devices that allow property owners to automate and standardize the living experience across their facilities. From temperature control to security systems, these products modernize properties and provide essential amenities.

2. Smart Locks:
Smartrents remotely accessible smart locks enhance security and convenience for residents. These devices enable residents to control access to their apartments through mobile applications, share virtual keys with guests and service providers, and monitor access logs—providing peace of mind and flexibility.

3. Smart Thermostats:
Designed to instill energy efficiency and comfort, Smartrent’s smart thermostats allow for remote monitoring and management of heating and cooling systems. Property owners can set schedules, review energy consumption data, and receive alerts about potential malfunctions, thereby reducing energy costs and enhancing overall energy management.

4. Smart Lighting:
Offering advanced control over lighting systems, Smartrents smart lighting products give property managers and owners the ability to customize illumination settings based on time of day, occupancy, and preferences. These systems improve energy efficiency and enhance the ambiance of shared spaces and individual units.

Services

To complement its robust product offerings, Smartrent provides various services that ensure clients receive comprehensive support throughout their smart property transformation, including:

1. Property Management Services:
Smartrent offers tailored property management services designed to enhance the capabilities of property management companies. These services assist with tenant communications, maintenance management, and operational streamlining—empowering managers to focus on tenant engagement and satisfaction.

2. 24/7 Customer Support:
Understanding the importance of support in the tech industry, Smartrent provides continuous customer service accessible via a mobile application or dedicated phone line. This ensures that clients can receive immediate assistance whenever needed, fostering trust and reliability.

3. Installation and Maintenance Services:
Smartrent features a team of qualified technicians who are responsible for the installation and ongoing maintenance of smart devices. This service guarantees that technology is correctly set up and maintained, minimizing downtime and ensuring a seamless user experience for residents.

4. Data Analytics:
Leveraging data from various sources, Smartrent offers analytics services that optimize operational performance, inform leasing strategies, and streamline maintenance notifications. This insights-driven approach enables property managers and owners to make informed decisions that enhance profitability and tenant satisfaction.

Conclusion

In summary, Smartrent Inc is dedicated to providing a comprehensive array of smart property automation solutions targeted at property owners, property managers, and residents. By emphasizing flexibility, convenience, and automation, Smartrent equips its clients with the necessary tools to stay competitive in the evolving real estate landscape, enhancing overall property management efficiency and quality of living for residents.


Composition of Smartrent Inc Revenues by Segments

 
United States    99.84 % of total Revenue
International    0.16 % of total Revenue
Smart Apartments    83.71 % of total Revenue
Access Control    6.14 % of total Revenue
Other    3.94 % of total Revenue
Smart Operations Solutions    6.21 % of total Revenue
Hardware    39.76 % of total Revenue
Hardware Smart Apartments    37.15 % of total Revenue
Hardware Access Control    1.83 % of total Revenue
Hardware Other    0.79 % of total Revenue
Professional Services    15.6 % of total Revenue
Professional Services Smart Apartments    12.69 % of total Revenue
Professional Services Access Control    2.39 % of total Revenue
Professional Services Other    0.52 % of total Revenue
Hosted Services    44.64 % of total Revenue
Hosted Services Smart Apartments    33.87 % of total Revenue
Hosted Services Access Control    1.92 % of total Revenue
Hosted Services Other    2.64 % of total Revenue
Hosted Services Smart Operations Solutions    6.21 % of total Revenue
Community WiFi    0.49 % of total Revenue
Reportable Segment    100 % of total Revenue
Reportable Hardware    39.76 % of total Revenue
Reportable Professional Services    15.6 % of total Revenue
Reportable Deferred hub amortization    5.3 % of total Revenue
Reportable SaaS - Smart Apartments    28.57 % of total Revenue
Reportable SaaS - Smart Operations    6.21 % of total Revenue
Reportable SaaS - All Other    4.56 % of total Revenue
Reportable SaaS    39.34 % of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
United States 38.62 99.84 %
International 0.06 0.16 %
Smart Apartments 32.38 83.71 %
Access Control 2.38 6.14 %
Other 1.53 3.94 %
Smart Operations Solutions 2.40 6.21 %
Hardware 15.38 39.76 %
Hardware Smart Apartments 14.37 37.15 %
Hardware Access Control 0.71 1.83 %
Hardware Other 0.30 0.79 %
Professional Services 6.03 15.6 %
Professional Services Smart Apartments 4.91 12.69 %
Professional Services Access Control 0.93 2.39 %
Professional Services Other 0.20 0.52 %
Hosted Services 17.27 44.64 %
Hosted Services Smart Apartments 13.10 33.87 %
Hosted Services Access Control 0.74 1.92 %
Hosted Services Other 1.02 2.64 %
Hosted Services Smart Operations Solutions 2.40 6.21 %
Community WiFi 0.19 0.49 %
Reportable Segment 38.68 100 %
Reportable Hardware 15.38 39.76 %
Reportable Professional Services 6.03 15.6 %
Reportable Deferred hub amortization 2.05 5.3 %
Reportable SaaS - Smart Apartments 11.05 28.57 %
Reportable SaaS - Smart Operations 2.40 6.21 %
Reportable SaaS - All Other 1.77 4.56 %
Reportable SaaS 15.22 39.34 %
Total 38.68 100 %




Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
United States -6.53 % -
International 158.33 % -
Smart Apartments -7.76 % -
Access Control 44.38 % -
Other -15.03 % -
Smart Operations Solutions -14.15 % -
Hardware -18.32 % -
Hardware Smart Apartments -18.79 % -
Hardware Access Control 10.49 % -
Hardware Other -38.46 % -
Professional Services -17.28 % -
Professional Services Smart Apartments 63.95 % -
Professional Services Access Control 94.95 % -
Professional Services Other -52.94 % -
Hosted Services -7.26 % -
Hosted Services Smart Apartments -9.11 % -
Hosted Services Access Control 39.92 % -
Hosted Services Other 16.53 % -
Hosted Services Smart Operations Solutions -14.15 % -
Community WiFi -54.22 % -
Reportable Segment -6.44 % -
Reportable Hardware -18.32 % -
Reportable Professional Services -17.28 % -
Reportable Deferred hub amortization -55.99 % -
Reportable SaaS - Smart Apartments 13.27 % -
Reportable SaaS - Smart Operations -14.15 % -
Reportable SaaS - All Other 25.36 % -
Reportable SaaS 9 % -
Total -6.44 % -74.61 %




Q1 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Reportable Segment 15.12 39.09 %
Total -4.45 -




Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Reportable Segment 11.5 % -
Total - -




Annual Report on Smartrent Inc Divisions, Sales by Country

 
United States   United States Segment contribution to total sales 99.89 % of total Revenue
International   International Segment contribution to total sales 0.11 % of total Revenue
Smart Apartments   Smart Apartments Segment contribution to total sales 83.71 % of total Revenue
Access Control   Access Control Segment contribution to total sales 4.88 % of total Revenue
Other   Other Segment contribution to total sales 3.56 % of total Revenue
Smart Operations Solutions   Smart Operations Solutions Segment contribution to total sales 7 % of total Revenue
Hardware   Hardware Segment contribution to total sales 38.06 % of total Revenue
Hardware Smart Apartments   Hardware Smart Apartments Segment contribution to total sales 34.68 % of total Revenue
Hardware Access Control   Hardware Access Control Segment contribution to total sales 2.29 % of total Revenue
Hardware Other   Hardware Other Segment contribution to total sales 1.04 % of total Revenue
Professional Services   Professional Services Segment contribution to total sales 17.18 % of total Revenue
Professional Services Smart Apartments   Professional Services Smart Apartments Segment contribution to total sales 11.95 % of total Revenue
Professional Services Access Control   Professional Services Access Control Segment contribution to total sales 1.11 % of total Revenue
Professional Services Other   Professional Services Other Segment contribution to total sales 0.52 % of total Revenue
Hosted Services   Hosted Services Segment contribution to total sales 48.07 % of total Revenue
Hosted Services Smart Apartments   Hosted Services Smart Apartments Segment contribution to total sales 37.07 % of total Revenue
Hosted Services Access Control   Hosted Services Access Control Segment contribution to total sales 1.49 % of total Revenue
Hosted Services Other   Hosted Services Other Segment contribution to total sales 2 % of total Revenue
Hosted Services Smart Operations Solutions   Hosted Services Smart Operations Solutions Segment contribution to total sales 7 % of total Revenue
Community WiFi   Community WiFi Segment contribution to total sales 0.85 % of total Revenue
Reportable Segment   Reportable Segment Segment contribution to total sales 100 % of total Revenue
Reportable Hardware   Reportable Hardware Segment contribution to total sales 38.06 % of total Revenue
Reportable Professional Services   Reportable Professional Services Segment contribution to total sales 17.18 % of total Revenue
Reportable Deferred hub amortization   Reportable Deferred hub amortization Segment contribution to total sales 10.11 % of total Revenue
Reportable SaaS   Reportable SaaS Segment contribution to total sales 37.96 % of total Revenue
Hardware Community WiFi   Hardware Community WiFi Segment contribution to total sales 0.05 % of total Revenue
Professional Services Community WiFi   Professional Services Community WiFi Segment contribution to total sales 0.3 % of total Revenue
Hosted Services Community WiFi   Hosted Services Community WiFi Segment contribution to total sales 0.51 % of total Revenue


Twelve months ended 2025
SMRT s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
United States 152.17 99.89 %
International 0.16 0.11 %
Smart Apartments 127.51 83.71 %
Access Control 7.44 4.88 %
Other 5.43 3.56 %
Smart Operations Solutions 10.66 7 %
Hardware 57.97 38.06 %
Hardware Smart Apartments 52.83 34.68 %
Hardware Access Control 3.49 2.29 %
Hardware Other 1.58 1.04 %
Professional Services 26.17 17.18 %
Professional Services Smart Apartments 18.21 11.95 %
Professional Services Access Control 1.69 1.11 %
Professional Services Other 0.79 0.52 %
Hosted Services 73.22 48.07 %
Hosted Services Smart Apartments 56.47 37.07 %
Hosted Services Access Control 2.27 1.49 %
Hosted Services Other 3.05 2 %
Hosted Services Smart Operations Solutions 10.66 7 %
Community WiFi 1.29 0.85 %
Reportable Segment 152.33 100 %
Reportable Hardware 57.97 38.06 %
Reportable Professional Services 26.17 17.18 %
Reportable Deferred hub amortization 15.40 10.11 %
Reportable SaaS 57.82 37.96 %
Total 152.33 100 %
Hardware Community WiFi 0.07 0.05 %
Professional Services Community WiFi 0.45 0.3 %
Hosted Services Community WiFi 0.77 0.51 %


Twelve months ended 2025
SMRT s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Reportable Segment 49.87 32.74 %
Total -60.56 -

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
United States -12.15 % -
International -90.41 % -
Smart Apartments -12.17 % -
Access Control -5.75 % -
Other -35.42 % -
Smart Operations Solutions -6.34 % -
Hardware -30.02 % -
Hardware Smart Apartments -29.32 % -
Hardware Access Control -8.07 % -
Hardware Other -60.52 % -
Professional Services -16.02 % -
Professional Services Smart Apartments 39.04 % -
Professional Services Access Control -29.14 % -
Professional Services Other -65.49 % -
Hosted Services -0.02 % -
Hosted Services Smart Apartments -1.5 % -
Hosted Services Access Control 31.65 % -
Hosted Services Other 45.29 % -
Hosted Services Smart Operations Solutions -6.34 % -
Community WiFi -36.32 % -
Reportable Segment -12.9 % -17.35 %
Reportable Hardware -30.02 % -
Reportable Professional Services -16.02 % -
Reportable Deferred hub amortization -28.72 % -
Reportable SaaS 11.98 % -
Total -12.9 % -
Hardware Community WiFi -75.26 % -
Professional Services Community WiFi -56.68 % -
Hosted Services Community WiFi 9.84 % -



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