---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059760"
form_type: "8-K"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:17:18.961843+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SmartRent Q3 revenue $58.1M (+22% YoY); Adj. EBITDA loss narrows; guides to Q4 profitability

## Summary
- Revenue $58.1M (+22% YoY); net loss $(7.7)M, 70% improvement YoY.
- Adjusted EBITDA $(5.0)M, sixth consecutive quarter of improvement; guides to Q4 Adj. EBITDA $0-2M.
- Hardware gross margin 22.7% (record high); hosted services margin 64.3%; SaaS gross margin 74.2%.
- Cash balance $211.0M, up $14M from Q2; first quarter of significant cash generation since going public.
- Tightened FY2023 revenue guidance to $235-240M; Adj. EBITDA $(20)-(18)M.

## SEC filing metadata
- accession: 0000950170-23-059760
- form_type: 8-K
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2023-11-07T23:59:59+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/1837014/000095017023059760/0000950170-23-059760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017023059760/smrt-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059760
- JSON: https://secwatch.observer/filing/0000950170-23-059760.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059760.txt

## Key facts
- Earnings Releases
  SmartRent, Inc. reported the third quarter ended September 30, 2023 results: revenue $58.1 million, net income $(7.7) million. Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $58.1 million
  - Net income: $(7.7) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Management is hosting an investor call to discuss results today, November 7, 2023, at 10:30 a.m. Eastern Time. Third Quarter 2023 Financial and Business Highlights • Revenue of $58.1 million, up 22% year-over-year. • Gross profit of $13.5 million, up over 1,000% year-over-year. • Net loss of $(7.7) million, a 70% improvement year-over-year. • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017023059760/0000950170-23-059760-index.htm
- Earnings Releases
  SmartRent, Inc. reported full year 2023 results: revenue $235 to $240 million. Guidance reaffirmed.
  - Period: full year 2023
  - Revenue: $235 to $240 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company has tightened its full year 2023 guidance to $235 to $240 million from $233 to $250 million in revenue and to $(20) to $(18) million from $(22) to $(18) million in Adjusted EBITDA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017023059760/0000950170-23-059760-index.htm

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