secwatch.observer — SEC 8-K summary
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Issuer:     SmartRent, Inc. (SMRT)
CIK:        0001837014
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-207626
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837014/000119312526207626/0001193125-26-207626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837014/000119312526207626/smrt-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-207626

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer