SmartRent Q2 revenue down 21% to $38.3M; net loss widens to $10.9M

SmartRent, Inc.

2025-Q2 EPS reported -$0.27 vs consensus -$0.06 ▼ miss (-381.3%)

Revenue $38.3M (-21% YoY); SaaS revenue +10% to $14.2M; Hardware revenue -39% to $15.1M.
Net loss $(10.9)M vs $(4.6)M YoY; Adjusted EBITDA $(7.3)M vs $0.9M prior year.
Expanding cost reduction program to $30M annualized savings; targeting cash flow neutrality by exit 2025.
Units Deployed +10% to 847,956; Units Booked 24,319 (best quarterly in past year).
Cash $105M, no debt, $75M undrawn revolver; repurchased 4.1M shares for $3.7M in Q2.

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