Quick Answer
SmartRent, Inc. reported R&D Expense of $26.22 million for fiscal year 2025.
SmartRent, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $26.22M | -10.7% |
| 2024 | $29.37M | +2.0% |
| 2023 | $28.80M | -2.1% |
| 2022 | $29.42M | +36.4% |
| 2021 | $21.57M | +129.3% |
| 2020 | $9.41M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $6.15M | -6.8% | -4.9% |
| June 30, 2025 | $6.46M | -13.6% | -21.7% |
| March 31, 2025 | $8.26M | -1.2% | +25.2% |
| September 30, 2024 | $6.60M | -12.9% | -11.9% |
| June 30, 2024 | $7.48M | +14.5% | -10.5% |
| March 31, 2024 | $8.36M | +15.6% | +10.4% |
| September 30, 2023 | $7.57M | -0.5% | +15.9% |
| June 30, 2023 | $6.54M | -18.6% | -9.6% |
- SmartRent, Inc. showed a decrease of -10.7% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, SmartRent, Inc.’s r&d expense has grown by 178.8% (from $9.41 million to $26.22 million).
- The most recent figure is from SmartRent, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 4, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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