---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039390"
form_type: "8-K"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:48:26.279549+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SmartRent Q2 revenue $53.4M (+26% YoY); Adj. EBITDA loss narrows 68%; tightens FY guidance

## Summary
- Revenue $53.4M (+26% YoY); gross profit $9.9M (+900% YoY); net loss $(10.3)M, 60% better YoY.
- Adjusted EBITDA $(6.4)M, fifth consecutive quarterly improvement; targets breakeven by year-end.
- SaaS ARR $38.8M (+8% QoQ); total units deployed 650,324 (+44% YoY); SaaS gross margin 75.1%.
- ADI Global Distribution named preferred partner to reduce inventory and improve cash flow.
- FY 2023 guidance tightened: revenue $233-250M; Adj. EBITDA $(22)-$(18)M vs prior $(25)-$(15)M.

## SEC filing metadata
- accession: 0000950170-23-039390
- form_type: 8-K
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2023-08-08T23:59:59+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/1837014/000095017023039390/0000950170-23-039390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017023039390/smrt-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039390
- JSON: https://secwatch.observer/filing/0000950170-23-039390.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039390.txt

## Key facts
- Earnings Releases
  SmartRent, Inc. reported the three months ended June 30, 2023 results: revenue $53.4 million, net income $(10.3) million. Guidance raised.
  - Period: the three months ended June 30, 2023
  - Revenue: $53.4 million
  - Net income: $(10.3) million
  - Guidance: raised
  - Result: reported results
  source text: Management is hosting an investor call to discuss results today, August 8, 2023, at 12:30 p.m. Eastern Time. Second Quarter 2023 Financial and Business Highlights • Revenue of $53.4 million, up 26% year-over-year. • Gross profit of $9.9 million, up 900% year-over-year. • Net loss of $(10.3) million, a 60% improvement year-over-year. • Adjusted EBITDA of $(6.4)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017023039390/0000950170-23-039390-index.htm

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