SmartRent Inc (NYSE:SMRT)

Q4 2025 SmartRent Inc Earnings Call Transcript

Mar 4, 2026 / 04:30 PM GMT

Release Date Price: $1.79 (+16.23%)

Transcript 10-K8-K

Key Points

Positve

SmartRent Inc (SMRT) achieved positive revenue growth for the first time in seven quarters, with a 13% increase in SaaS revenue.
The company successfully reduced operating expenses by 22%, contributing to a significant reduction in net loss from $11.4 million to $3.2 million.
SmartRent Inc (SMRT) recorded positive adjusted EBITDA and improved cash flow, ending the year with $105 million in cash and no debt.
The company expanded its executive leadership and go-to-market capabilities, supporting accelerated revenue growth.
SmartRent Inc (SMRT) is on track to reach 1 million installed units within the next 4 to 5 quarters, which is expected to drive further revenue growth and profitability.

Negative

Total revenue for the full year was down 13% from the previous year, reflecting a transition away from bulk hardware transactions.
Despite improvements, the company still reported a full-year net loss of $60.6 million, primarily due to a $24.9 million goodwill impairment charge.
The company faces deployment timing variability and macroeconomic uncertainty, which could impact future performance.
SmartRent Inc (SMRT) is still in the process of building out its sales organization and installation teams to meet future targets.
The company did not provide specific numeric guidance for 2026 revenue and EBITDA, indicating potential uncertainty in achieving targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SMRT.N - SmartRent Inc
Q4 2025 SmartRent Inc Earnings Call
Mar 04, 2026 / 04:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for joining us today. My name is Kelly Reisdorf, Head of Investor relations for Smart Rent. I am joined today by our President and Chief Executive Officer, Frank Martel, and Darryl Stem, Chief Financial Officer. Before the market opened today, we issued an earnings release and filed our 10k with the SEC, both of which are available on the investor relations section of our website.

Before I turn the call over to Frank, I would like to remind everyone that the discussion today may contain certain forward-looking statements that involve risks and uncertainties. Various factors could cause our actual results to be materially different from any future results expressed or implied by such statements. These factors are

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