SmartRent Q1 revenue down 18% to $41.3M; net loss widens to $40.2M on $24.9M goodwill impairment

SmartRent, Inc.

2025-Q1 EPS reported -$0.21 revenue$41,344,000

SaaS revenue up 17% to $14.0M, but total revenue fell 18% as hardware revenue dropped 35% to $18.8M.
ARR $55.9M (+17% YoY); Units Deployed 827,611 (+10%), but new units deployed fell 39% and bookings down 61%.
Net loss $(40.2)M incl. $24.9M non-cash goodwill impairment; adjusted EBITDA loss $(6.4)M vs $0.4M profit a year ago.
Operating expenses include $5.0M legal accrual; company implemented $10M in cost reductions.
Cash $125.6M, no debt, $75M undrawn credit facility; repurchased 1.0M shares for $1.2M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.