earnings
confidence high
sentiment positive
materiality 0.75
SmartRent Q2 2026: Core Revenue up 14%, Adjusted EBITDA turns positive, units booked surge 98%
SmartRent, Inc.
- Core Revenue $38.4M (+14% YoY); Total Revenue $39.8M (+4%); ARR $64.5M (+13%).
- Gross margin 40.7% (+760 bps); Adjusted EBITDA $0.7M vs -$7.3M loss; Net loss improved 48% to $5.6M.
- Units Booked Q2 48,254 (+98% YoY); TTM units booked 112,560 (+40%); installed base 929,487 units (+10%).
- Cash $92.7M, no debt, $75M undrawn credit facility; repurchased 2.8M shares for $3.4M; new $25M buyback authorization.
- Management expects H2 2026 Core Revenue and profitability substantially stronger than H2 2025; on track to exceed 1M installed units in H1 2027.