SMRT
SmartRent, Inc.2.0500
+0.0000+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms existing-customer unit growth.
Q&A stayed light, largely reaffirming Vision 2028's unit growth push from the existing 600-customer base. Frank detailed plans to double sales headcount and add partnerships for local reach by year-end, targeting mid/mass markets beyond top-20 clients. Daryl dodged numeric SaaS ARPU targets but nodded to tech investments for uplift. He repeated soft 2026 goals: 1M units in four-to-five quarters, full-year adjusted EBITDA profitability, positive free cash flow. Sales doubles this year. Tomasello's probes on capacity and leverage drew qualitative replies only. Management sounded measured; investors eye sales ramp execution.
Key Stats
Market Cap
387.86MP/E (TTM)
-Basic EPS (TTM)
-0.36Dividend Yield
0%Recent Filings
8-K
Q4 revenue grows, EBITDA positive
SmartRent reported Q4 2025 revenue of $36.5M, up 3% year-over-year, with ARR surging 13% to $61.6M and first positive Adjusted EBITDA of $0.2M. Units deployed hit 890,870, up 10%, while full-year revenue fell 13% to $152.3M due to lower hardware sales, but costs dropped sharply. Cash stands at $104.6M. Bookings jumped 24%.
10-K
FY2025 results
SmartRent's FY2025 revenue fell 13% to $152.3M amid 35% fewer Units Shipped (110K vs 169K prior year) and 8% drop in New Units Deployed (83K), driven by discontinued bulk shipments, leadership changes, and sales restructuring—yet Hosted Services held flat at $73.2M with SaaS up 12% on 10% more Units Deployed (891K). Q4 showed sequential stabilization but overall momentum decelerated, with Professional Services ARPU jumping 20% to $413 while hardware margins squeezed by mix and inventory write-offs. Cash burned $21.6M in operations but ended at $104.6M; $4.9M buybacks left $16.8M authorized. $24.9M goodwill impairment hit amid stock decline. Supply chain disruptions threaten quarterly deployments.
8-K
Q4 revenue growth, cash neutral
SmartRent issued preliminary Q4 2025 results on February 5, 2026, projecting revenue of $36-37 million—its first year-over-year growth in seven quarters—and SaaS revenue up over 10% to $15.2-15.5 million. Adjusted EBITDA hit $0-300K with cash at $105 million, achieving run-rate cash flow neutrality. Decisive cuts delivered. Final figures may vary.
8-K
CTO departs; CIO appointed
SmartRent's CTO Isaiah DeRose-Wilson steps down effective December 31, 2025, after informing the company on November 12; a transition agreement is expected. Sangeeth Ponathil joined as CIO on November 17 to collaborate during handover. Board adopted amended bylaws November 13, refining stockholder notice rules and aligning with Delaware law. Leadership shifts smoothly.
10-Q
Q3 FY2025 results
SmartRent's Q3 revenue dipped 11% y/y to $36.2M (derived), with hardware down 38% y/y to $11.5M on 55% fewer units shipped, yet hosted services held steady at $17.7M amid 11% more units deployed to 870K. Gross profit narrowed to $9.6M but operating loss improved 40% y/y to $7.0M, thanks to 57% lower G&A from resolved legal costs. Cash burned to $100M after $29M YTD operating use and $5M buybacks; $75M revolver remains undrawn. Q3 EPS loss of $0.03 aligns with 188K diluted shares. Leadership churn stabilized. Customers defer capex.
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