Earnings summaries and quarterly performance for SmartRent.
Executive leadership at SmartRent.
Board of directors at SmartRent.
Research analysts who have asked questions during SmartRent earnings calls.
RT
Ryan Tomasello
Keefe, Bruyette & Woods
7 questions for SMRT
Also covers: BLND, CSGP, FIGR +6 more
Yi Fu Lee
Cantor Fitzgerald
5 questions for SMRT
Also covers: COUR, CSGS, DCBO +4 more
TW
Thomas White
D.A. Davidson & Co.
2 questions for SMRT
Also covers: ABNB, BKNG, CARS +5 more
BO
Barry Oxford
Colliers
1 question for SMRT
Also covers: BRT, CHCT, CIO +7 more
Erik Woodring
Morgan Stanley
1 question for SMRT
Also covers: AAPL, CDW, CRCT +19 more
Recent press releases and 8-K filings for SMRT.
SmartRent Reports Q3 2025 Results with Narrowed Operating Loss and Increased SaaS Revenue
SMRT
Earnings
Accounting Changes
New Projects/Investments
- SmartRent reported Q3 2025 total revenue of $36.2 million, an 11% decrease year-over-year, primarily reflecting a strategic move away from bulk hardware sales towards a more sustainable SaaS-focused revenue mix.
- SaaS revenue grew 7% year-over-year to $14.2 million, now representing 39% of total revenue, up from 33% in the same period prior year. The installed unit base expanded to over 870,000 units, an 11% increase from the prior year.
- The company significantly narrowed its operating loss, with Adjusted EBITDA improving 23% year-over-year to a loss of $2.9 million in Q3 2025, down from a $7.4 million loss in Q2 2025. This was aided by the completion of a $30 million annualized expense reduction program.
- SmartRent ended Q3 2025 with $100 million in unrestricted cash and no debt, with net cash burn improving 79% from $24 million in the prior year to $5 million. The company expects to achieve adjusted EBITDA and cash flow neutrality on a run rate basis exiting 2025.
Nov 5, 2025, 4:30 PM
SmartRent Reports Q3 2025 Results, Highlighting SaaS Growth and Cost Reduction
SMRT
Earnings
New Projects/Investments
- SmartRent reported Q3 2025 total revenue of $36.2 million, a 11% decrease year-over-year, primarily due to a strategic shift away from hardware-led growth towards a SaaS-focused revenue mix.
- Annual Recurring Revenue (ARR) increased 7% year-over-year to $56.9 million, with SaaS revenue growing 7% to $14.2 million and now representing approximately 39% of total revenue.
- The company improved its profitability, achieving an Adjusted EBITDA of $(2.9) million and a net loss of $(6.3) million, which are improvements of $0.9 million and $3.6 million respectively, compared to the prior year.
- Operationally, SmartRent's installed base grew 11% year-over-year to approximately 870,000 units deployed, maintaining a low customer churn rate of 0.05% and 113% customer net revenue retention. The $30 million cost reduction plan was completed, and the company remains on track to achieve cash flow neutrality by the end of 2025, supported by $100 million in cash and no debt.
Nov 5, 2025, 4:30 PM
SmartRent Reports Q3 2025 Results, Highlights SaaS Growth and Reduced Losses
SMRT
Earnings
Revenue Acceleration/Inflection
Guidance Update
- SmartRent reported Q3 2025 total revenue of $36.2 million, an 11% decrease year over year, primarily reflecting a strategic move away from bulk hardware sales.
- SaaS revenue grew 7% year over year to $14.2 million, now representing 39% of total revenue, and Annual Recurring Revenue (ARR) increased 7% to $56.9 million.
- The company significantly narrowed its Adjusted EBITDA loss to $2.9 million in Q3 2025, an improvement of 23% year over year, and reduced net cash burn by 79% to $5 million.
- SmartRent completed $30 million in annualized expense reductions and expects to achieve adjusted EBITDA and cash flow neutrality on a run rate basis exiting 2025.
- The installed unit base expanded by 11% from the prior year to 870,000 units, with 22,000 new units deployed during the quarter.
Nov 5, 2025, 4:30 PM
SmartRent Reports Q3 2025 Results
SMRT
Earnings
Guidance Update
New Projects/Investments
- SmartRent reported total revenue of $36.2 million for Q3 2025, an 11% decrease year over year, primarily reflecting a strategic shift away from bulk hardware sales.
- SaaS revenue grew 7% year over year to $14.2 million, now representing 39% of total revenue, while the installed unit base expanded by 11% from the prior year to 870,000 units.
- The company significantly narrowed its Adjusted EBITDA loss to $2.9 million in Q3 2025, an improvement of 23% compared to the prior year, driven by the completion of a $30 million annualized cost reduction program.
- SmartRent maintained a strong liquidity position, ending the quarter with $100 million in unrestricted cash and no debt, with net cash burn improving by 79% to $5 million.
- Management expects to achieve adjusted EBITDA and cash flow neutrality on a run rate basis exiting 2025, driven by continued expansion of the installed base and strategic investments.
Nov 5, 2025, 4:30 PM
SmartRent Reports Q3 2025 Financial Results and Completes Cost Reduction Program
SMRT
Earnings
Guidance Update
- SmartRent reported revenue of $36.2 million for the third quarter of 2025, an 11% decrease from the prior year, primarily due to a strategic shift away from bulk hardware sales.
- The company significantly improved its profitability, with a net loss of $(6.3) million and Adjusted EBITDA of $(2.9) million in Q3 2025, representing improvements of $3.6 million and $0.9 million, respectively, compared to the prior year.
- Annual Recurring Revenue (ARR) increased 7% to $56.9 million, now accounting for 39% of total revenue, and Units Deployed grew 11% to over 870,000 as of September 30, 2025.
- SmartRent completed its $30 million cost reduction program and is on track to achieve run rate cash flow neutrality exiting 2025.
- The company maintains a strong liquidity position with $100 million in cash and an undrawn credit facility of $75 million.
Nov 5, 2025, 1:05 PM
SmartRent Reports Third Quarter 2025 Financial Results
SMRT
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- SmartRent reported Q3 2025 revenue of $36.2 million, an 11% decrease year-over-year, primarily due to a strategic shift away from bulk hardware sales, while Annual Recurring Revenue (ARR) increased 7% to $56.9 million.
- The company significantly improved profitability, with net loss improving by $3.6 million to $(6.3) million and Adjusted EBITDA improving by $0.9 million to $(2.9) million, largely due to the completion of a $30 million cost reduction program.
- SmartRent ended the quarter with a strong liquidity position, including $100 million in cash and an undrawn credit facility of $75 million.
Nov 5, 2025, 1:00 PM
Quarterly earnings call transcripts for SmartRent.
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