Company / R&D Expense
SmartRent, Inc. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$28.8M
FY2025
5-year range
$9.4M / $29.4M
FY2021-FY2025
Trend
-2.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Improved from $22M to $29M over the past 2 years.
Based on SEC 10-K filings.
$29M in FY2025 with a 3-year CAGR of +45.2%.
Improved from $22M to $29M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +45.2%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of +45.2%, indicating consistent growth.
- In FY2025, r&d expense decreased 2.1% year-over-year.
- Peak r&d expense was recorded in FY2024.
- Lowest r&d expense in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 4.46 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $28.8M | -2.1% |
| FY2024 | $29.4M | +36.4% |
| FY2023 | $21.6M | +129.3% |
| FY2022 | $9.4M | +0.0% |
| FY2021 | $9.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026