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Dec 31, 2025
Smartrent Q4 2025 Earnings Report
Smartrent Q4 2025 Earnings Report
Key Takeaways
SmartRent achieved its first quarter of year-over-year revenue growth in seven quarters and reached positive Adjusted EBITDA. The company saw a significant 13% increase in SaaS revenue and expanded its total deployed base to over 890,000 units, despite a full-year revenue decline caused by the transition away from bulk hardware sales.
Total revenue for Q4 2025 grew 3% year-over-year to $36.5 million.
Achieved positive Adjusted EBITDA of $0.2 million, a significant improvement from a $7.4 million loss in Q4 2024.
Annual Recurring Revenue (ARR) increased 13% year-over-year to $61.6 million.
Maintained a strong liquidity position with $104.6 million in cash and no debt.
Revenue by Segment
Forward Guidance
SmartRent expects to significantly expand its deployed base in 2026 by leveraging investments in sales, technology, and AI capabilities.
Positive Outlook
- Expectation to significantly expand the deployed base in 2026.
- Capitalizing on investments in sales and technology organizations.
- Leveraging AI to deliver greater ROI to property owners.
- Focus on accelerating profitable revenue growth.
- Expanding operating leverage through an installed base moat.
Challenges Ahead
- Hub amortization revenue is expected to decrease to less than $5.0 million in 2026.
- Ongoing transition away from bulk hardware transactions may impact short-term volume.
- Risks associated with adverse macroeconomic conditions and inflation.
- Potential impact of tighter credit and higher interest rates on customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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