---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020525"
form_type: "8-K"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:00:58.036043+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SmartRent Q1 revenue $65.1M (+74% YoY); adjusted EBITDA loss narrows to $8.5M; guides FY revenue $225-250M

## Summary
- Revenue $65.1M, up 74% YoY and 60% QoQ; record quarter.
- Gross profit $9.1M (+292% YoY); margin 14.0% vs 9.7% prior quarter.
- Net loss $(13.2)M improved 44% YoY; adjusted EBITDA $(8.5)M improved 63% YoY.
- Cash $204.4M; operating cash burn $5.4M in Q1 vs avg $20.3M in 2022.
- Q2 guidance rev $50-55M, adj EBITDA $(7)-(3)M; FY rev $225-250M, adj EBITDA $(25)-(15)M.

## SEC filing metadata
- accession: 0000950170-23-020525
- form_type: 8-K
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837014/000095017023020525/0000950170-23-020525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017023020525/smrt-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020525
- JSON: https://secwatch.observer/filing/0000950170-23-020525.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020525.txt

## Key facts
- Earnings Releases
  SmartRent, Inc. reported three months ended March 31, 2023 results: revenue $65.1 million, net income $(13.2) million. Guidance initiated.
  - Period: three months ended March 31, 2023
  - Revenue: $65.1 million
  - Net income: $(13.2) million
  - Guidance: initiated
  - Result: reported results
  source text: SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart home and property operations solutions for the multifamily industry, today reported financial results for the three months ended March 31, 2023. Management is hosting an investor call to discuss results today, May 10, 2023, at 4:30 p.m. Eastern Time. First Quarter 2023 Financial and Business Highlights • Revenue of $65.1 million, up 60% quarter-over-quarter and 74% year-over-year. • Gross profit of $9.1 million, up 132% quarter-over-quarter and up 292% year-over-year. • Net income of $(13.2) million, improved 38% quarter-over-quarter and 44% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017023020525/0000950170-23-020525-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.