earnings
confidence high
sentiment neutral
materiality 0.75
SmartRent Q3 revenue $36.2M (-11% YoY), net loss narrows to $6.3M, completes $30M cost cuts
SmartRent, Inc.
2025-Q3 EPS
reported -$0.30
vs consensus -$0.05
▼ miss
(-488.2%)
- Revenue $36.2M, down 11% YoY; SaaS revenue up 7% to $56.9M ARR.
- Net loss improved to $(6.3)M from $(9.9)M YoY; Adjusted EBITDA $(2.9)M.
- Completed $30M cost reduction program; on track for cash flow neutrality exiting 2025.
- Units Deployed 870,230 (+11% YoY); New Units Deployed 22,644 (+49%).
- Cash $100M, no debt, undrawn $75M credit facility.