SmartRent posts Q1 net loss of $4.4M; adjusted EBITDA positive for second quarter

SmartRent, Inc.

2026-Q1 EPS reported -$0.02 vs consensus -$0.02 ▼ miss (-30.7%)

Revenue $38.7M (-6% YoY); Core Revenue $36.6M flat; ARR $60.9M (+9% YoY).
Net loss improved to $4.4M from $40.2M; adjusted EBITDA positive $0.4M vs -$6.4M.
SaaS revenue $15.2M (+9% YoY); SaaS gross margin expanded to 74.5%.
Units Deployed 911,244 (+10% YoY); New Units Deployed 20,662 (+14% YoY).
Cash $99M, no debt, $75M undrawn credit facility; confident in full-year adj. EBITDA profitability.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SmartRent, Inc. reported first quarter ended March 31, 2026 results: revenue $38.7 million, net income $4.4 million.

Period: first quarter ended March 31, 2026
Revenue: $38.7 million
Net income: $4.4 million
Result: reported results

Exact text from the filing

solutions for the rental housing industry, today reported financial results for the three months ended March 31, 2026. First Quarter 2026 Highlights; • Total Revenue of $38.7 million was down 6% from the prior year, primarily attributable to a large hardware order which has no counterpart in the first quarter of 2026. Core Revenue of $36.6 million was

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Source: SEC EDGAR

accession 0001193125-26-207626

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