---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055083"
form_type: "8-K"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:59:06.235039+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartRent Q1 SaaS revenue up 32% to $11.9M; net loss narrows 42% to $7.7M

## Summary
- SaaS ARR hit a record $47.6M; SaaS gross margin improved to 75.1% from 73.4%.
- Total revenue $50.5M (-22% YoY) as hardware and professional services declined.
- Adjusted EBITDA turned positive at $0.4M vs -$8.5M a year ago.
- Gross margin expanded to 38.5% from 14.0% on favorable product mix.
- Q2 2024 guidance: revenue $49-55M; full-year guidance unchanged: revenue $260-290M, adjusted EBITDA $5-8M.

## SEC filing metadata
- accession: 0000950170-24-055083
- form_type: 8-K
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837014/000095017024055083/0000950170-24-055083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017024055083/smrt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055083
- JSON: https://secwatch.observer/filing/0000950170-24-055083.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055083.txt

## Key facts
- Earnings Releases
  SmartRent, Inc. reported second quarter of 2024 results: revenue $49 to $55 million. Guidance initiated.
  - Period: second quarter of 2024
  - Revenue: $49 to $55 million
  - Guidance: initiated
  - Result: guidance update
  source text: Second Quarter 2024 Guidance • Total Revenue in the range of $49 to $55 million. • Adjusted EBITDA in the range of $(0.5) million to $0.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017024055083/0000950170-24-055083-index.htm
- Earnings Releases
  SmartRent, Inc. reported full year 2024 results: revenue $260 million to $290 million. Guidance reaffirmed.
  - Period: full year 2024
  - Revenue: $260 million to $290 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Unchanged - Full-Year 2024 Guidance • Total Revenue in the range of $260 million to $290 million. • Adjusted EBITDA in the range of $5 million to $8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017024055083/0000950170-24-055083-index.htm

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