---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056114"
form_type: "8-K/A"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:58:43.044485+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SmartRent Q1 SaaS revenue +32% to $11.9M; Adj EBITDA positive $0.4M

## Summary
- SaaS revenue $11.9M (+32% YoY), SaaS ARR record $47.6M, ARPU $5.41 (+4%).
- Total revenue $50.5M (-22% YoY) reflecting shift to profitable growth; hardware/services down.
- Net loss improved to $7.7M from $13.2M; Adj EBITDA $0.4M vs -$8.5M, second consecutive positive.
- Gross margin expanded to 38.5% (14% prior year); SaaS gross margin 75.1%.
- Q2 guidance rev $49-55M, Adj EBITDA -$0.5M-$0.5M; full-year rev $260-290M unchanged.

## SEC filing metadata
- accession: 0000950170-24-056114
- form_type: 8-K/A
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837014/000095017024056114/0000950170-24-056114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017024056114/smrt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056114
- JSON: https://secwatch.observer/filing/0000950170-24-056114.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056114.txt

## Key facts
- Earnings Releases
  SmartRent, Inc. reported three months ended March 31, 2024 results: revenue $50.5 million, net income $(7.7) million. Guidance reaffirmed.
  - Period: three months ended March 31, 2024
  - Revenue: $50.5 million
  - Net income: $(7.7) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: is hosting an investor call to discuss results today, May 8, 2024, at 11:30 a.m. Eastern Time. Financial and Business Highlights for the First Quarter 2024 • Total Revenue of $50.5 million, decreased by 22 percent year-over year. • SaaS Revenue of $11.9 million, increased by 32 percent year-over year. • Net Loss of $(7.7) million, improved by 42 percent from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837014/000095017024056114/0000950170-24-056114-index.htm

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