---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065029"
form_type: "8-K"
ticker: "SMRT"
cik: "0001837014"
company_name: "SmartRent, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:55:53.779408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-065029
- form_type: 8-K
- ticker: SMRT
- cik: 0001837014
- company_name: SmartRent, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1837014/000095017025065029/0000950170-25-065029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837014/000095017025065029/smrt-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065029
- JSON: https://secwatch.observer/filing/0000950170-25-065029.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065029.txt

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