CFO Daryl Stemm reported fourth-quarter total revenue of $36.5 million, up about 3% from $35.4 million in the prior-year quarter, marking the first quarter of year-over-year revenue growth in seven quarters.From a financial perspective, Martell said the company executed against commitments to return to “profitable revenue growth” with positive run rates for cash flow and Adjusted EBITDA. He cited fourth-quarter results that included positive total revenue growth for the first time in seven quarters, 13% Saa ...

Financial Data and Key Metrics Changes - Total revenue for Q4 was $36.5 million, an increase of approximately 3% from $35.4 million in Q4 2024, marking the first year-over-year revenue growth in seven quarters [11] - For the full year, total revenue was $152.3 million, down 13% from the previous year, reflecting a transition away from bulk hardware transactions [12] - SaaS revenue for the full year was $57.8 million, up 12% year-over-year, representing 40% of total revenue [12][15] - Net loss improved to $3.2 million in Q4 compared to $11.4 million in the prior year quarter, while the full year net loss was $60.6 million [15] - Adjusted EBITDA improved by 103% to a profit of approximately $200,000 in Q4, compared to a loss of $7.4 million in the prior year quarter [15] Business Line Data and Key Metrics Changes - Hosted services revenue totaled $18.1 million in Q4, including $15.4 million of SaaS revenue and $2.7 million of non-cash hub amortization revenue [11] - Hardware revenue was $12.5 million, up 20% year-over-year, while professional services revenue was $5.9 million [11] - Core revenue for Q4 was approximately $33.8 million, representing growth of approximately 12% compared to $30.2 million in Q4 2024 [13] Market Data and Key Metrics Changes - The company’s IoT technology is operational in over 890,000 rental units across the U.S., with maintenance and leasing operations supporting more than 1.2 million units [8] - The platform is connected to over 3 million devices across roughly 3,500 properties, indicating significant market penetration [8] Company Strategy and Development Direction - The strategic plan, Vision 2028, focuses on accelerating growth and increasing profitability through a scalable operating model [6][7] - Key pillars include growing the installed base at a double-digit pace, scaling the go-to-market organization, and deepening platform integration with data and AI [7] - The company aims to reach 1 million installed units within the next 4-5 quarters, targeting a total installed base of over 1.2 million units by the end of 2028 [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive run rates of Adjusted EBITDA and free cash flow on a full-year basis, supported by revenue growth and productivity improvements [5] - The company is seeing healthy customer engagement and improved booking activity, with a structurally lower cost base [17] - Management remains cautious about deployment timing variability and macroeconomic uncertainties [17] Other Important Information - The company ended the year with approximately $105 million in cash and no debt under its $75 million credit facility [15] - Operating expenses in Q4 were $18 million, down 22% year-over-year, reflecting structural cost actions [14] Q&A Session Summary Question: How much of the unit deployment goals is driven by existing customers versus new logos? - Management indicated that most short-term growth in unit deployments comes from existing customers, with plans to expand into the small and medium market [22] Question: What are the growth rates and overall CAGR achievable in SaaS ARPU over the next three years? - Management refrained from providing specific numeric guidance but indicated that investments in technology would positively impact ARPU [23] Question: What is the outlook for revenue and EBITDA in 2026? - Management expects to reach 1 million deployed units within four to five quarters and aims for Adjusted EBITDA profitability and positive free cash flow for the full year [25]

Financial Data and Key Metrics Changes - Total revenue for Q4 was $36.5 million, an increase of approximately 3% from $35.4 million in Q4 2024, marking the first year-over-year revenue growth in seven quarters [11] - For the full year, total revenue was $152.3 million, down 13% from the previous year, reflecting a transition away from bulk hardware transactions [12] - SaaS revenue for the full year was $57.8 million, up 12% year-over-year, representing 40% of total revenue [12][15] - Net loss improved to $3.2 million in Q4 compared to $11.4 million in the prior year quarter, while the full year net loss was $60.6 million [15] - Adjusted EBITDA improved by 103% to a profit of approximately $200,000 in Q4, compared to a loss of $7.4 million in the prior year quarter [15] Business Line Data and Key Metrics Changes - Hosted services revenue totaled $18.1 million in Q4, including $15.4 million of SaaS revenue and $2.7 million of non-cash hub amortization revenue [11] - Hardware revenue was $12.5 million, up 20% year-over-year, while professional services revenue was $5.9 million [11] - Core revenue for Q4 was approximately $33.8 million, representing growth of approximately 12% compared to $30.2 million in Q4 2024 [13] Market Data and Key Metrics Changes - The company’s IoT technology is operational in over 890,000 rental units across the U.S., with maintenance and leasing operations supporting more than 1.2 million units [8] - The platform is connected to over 3 million devices across roughly 3,500 properties, indicating significant market penetration [8] Company Strategy and Development Direction - The strategic plan, Vision 2028, focuses on accelerating growth and increasing profitability through a scalable operating model [6][7] - Key pillars include growing the installed base at a double-digit pace, scaling the go-to-market organization, and deepening platform integration with data and AI [7] - The company aims to reach 1 million installed units within the next 4-5 quarters, targeting a total installed base of over 1.2 million units by the end of 2028 [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive run rates of Adjusted EBITDA and free cash flow on a full-year basis, supported by revenue growth and productivity improvements [5] - The company is seeing healthy customer engagement and improved booking activity, with a structurally lower cost base [17] - Management remains cautious about deployment timing variability and macroeconomic uncertainties [17] Other Important Information - The company ended the year with approximately $105 million in cash and no debt under its $75 million credit facility [15] - Operating expenses in Q4 were $18 million, down 22% year-over-year, reflecting structural cost actions [14] Q&A Session Summary Question: How much of the unit deployment goals is driven by existing customers versus new logos? - Management indicated that most short-term growth in unit deployments comes from existing customers, with plans to expand into the small and medium market [22] Question: What are the growth rates and overall CAGR achievable in SaaS ARPU over the next three years? - Management refrained from providing specific numeric guidance but indicated that investments in technology would positively impact ARPU [23] Question: What is the outlook for revenue and EBITDA in 2026? - Management expects to reach 1 million deployed units within four to five quarters and anticipates being Adjusted EBITDA profitable and positive from a free cash flow basis for the full year [25]

Financial Data and Key Metrics Changes - Total revenue for Q4 was $36.5 million, an increase of approximately 3% from $35.4 million in Q4 2024, marking the first year-over-year revenue growth in seven quarters [11] - For the full year, total revenue was $152.3 million, down 13% from the previous year, reflecting a transition away from bulk hardware transactions [12] - SaaS revenue for the full year was $57.8 million, up 12% year-over-year, representing 40% of total revenue [12][16] - Net loss improved to $3.2 million in Q4 compared to $11.4 million in the prior year quarter, while the full year net loss was $60.6 million [16] - Adjusted EBITDA improved by 103% to a profit of approximately $200,000 in Q4, compared to a loss of $7.4 million in the prior year quarter [16] Business Line Data and Key Metrics Changes - Hosted services revenue totaled $18.1 million in Q4, including $15.4 million of SaaS revenue and $2.7 million of non-cash hub amortization revenue [11] - Hardware revenue was $12.5 million, up 20% year-over-year [11] - Professional services revenue was $5.9 million [11] Market Data and Key Metrics Changes - The company’s IoT technology is operational in over 890,000 rental units across the U.S., with maintenance and leasing operations supporting more than 1.2 million units [8] - The platform is connected to over 3 million devices across approximately 3,500 properties [8] Company Strategy and Development Direction - The strategic plan, Vision 2028, focuses on accelerating growth and increasing profitability through a scalable operating model [6][10] - Key pillars include growing the installed base at a double-digit pace, scaling the go-to-market organization, and deepening platform integration with data and AI [6][7] - The company aims to reach 1 million installed units within the next 4-5 quarters, targeting a total installed base of over 1.2 million units by the end of 2028 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive run rates of Adjusted EBITDA and free cash flow on a full-year basis [5] - The company is seeing healthy customer engagement and improved booking activity, with a structurally lower cost base [18] - There is an expectation of cash flow positivity on an annual basis despite seasonal fluctuations [17] Other Important Information - The company ended the year with approximately $105 million in cash and no debt under its $75 million credit facility [16] - Operating expenses in Q4 were $18 million, down 22% year-over-year, reflecting structural cost actions [15] Q&A Session Summary Question: How much of the unit deployment goals is driven by existing customers versus new logos? - Management indicated that most short-term growth in unit deployments comes from existing customers, with plans to expand into the small and medium market [20][24] Question: Any insights on growth rates and overall CAGR for SaaS ARPU over the next three years? - Management refrained from providing specific guidance but emphasized investments in technology to expand offerings and positively impact ARPU [25] Question: Commentary on achievable revenue and EBITDA for 2026 and operating leverage? - Management expects to reach 1 million deployed units within four to five quarters and anticipates being Adjusted EBITDA profitable and positive from a free cash flow basis for the full year [27]

Shares of property technology (proptech) company SmartRent (NYSE: SMRT) were moving higher today after it delivered better-than-expected results in its fourth-quarter earnings report, topping estimates on the top and bottom lines. As of 11:15 a.m. ET, the stock was up 10% on the news. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Ima ...

Smart Community and Smart Operations Solutions for the Rental Housing Industry QUARTERLY EARNINGS UPDATE Q4 and Full Year 2025 Vision 2028 March 4, 2026 In addition to disclosing financial results that are determined in accordance with GAAP, SmartRent also discloses certain non-GAAP financial measures in this press release, including EBITDA, Adjusted EBITDA and Core Revenue. These financial measures are not recognized measures under GAAP and should not be considered in isolation or as a substitute for, or s ...

Market Presence - As of December 31, 2025, SmartRent had 890,870 units deployed and approximately 600 customers, representing about 13% of the U.S. market for institutionally owned multifamily rental units and single-family rental homes [27]. - SmartRent's customers collectively own or operate approximately 6.6 million rental units, indicating significant market penetration potential [27]. Revenue Sources - The company generates revenue from three primary sources: hosted services subscription fees, sales of smart home devices, and installation services [28]. Product and Service Offerings - SmartRent's integrated solutions include hardware-agnostic compatibility with devices from major brands like Google Home and Amazon Alexa, enhancing operational flexibility [35]. - SmartRent's Smart Communities Solutions enhance community functionality through integrated software and hardware, improving operational efficiency for property managers [36]. - The Smart Package Room solution significantly optimizes package management, offering 2 to 3 times the capacity of traditional lockers and enhancing resident satisfaction [38]. - SmartRent's Hub Devices utilize Z-Wave communication for secure remote control of connected devices, allowing users to manage multiple settings from a single application [41]. - The company partners with manufacturers to offer a range of compatible hardware options, including smart locks, cameras, and thermostats [44]. Growth Opportunities - The company has identified growth opportunities beyond residential real estate, targeting sectors such as commercial real estate, offices, hotels, and retail [32]. Market Demand - The demand for smart home technology is driven by network effects, with many residents viewing it as a necessity, although current community offerings remain limited [29]. Seasonal Trends - Seasonal factors impact SmartRent's business, with higher deployment demand typically occurring in Spring and Summer [33]. Financial Position - As of December 31, 2025, the company had cash, cash equivalents, and restricted cash of approximately $104.6 million, primarily in institutional money market funds [340]. - A hypothetical 10% change in interest rates could increase annual interest income by $10.5 million or decrease it by $4.3 million based on the cash position [340]. Currency Risks - The company is exposed to foreign currency exchange rate risks, with substantial revenue generated in U.S. dollars while expenses are in local currencies of operational jurisdictions [341]. - The company has not engaged in any hedging strategies to manage currency fluctuations, but will reassess its approach as international operations grow [341]. Sustainability Efforts - The company’s solutions are designed to reduce overall energy consumption, contributing to sustainability goals by controlling ventilation and monitoring properties [46]. Workforce - As of December 31, 2025, the company employed 418 individuals worldwide, with a focus on engineering, software, and product development [47]. Employee Compensation - The company emphasizes a comprehensive total rewards program, including competitive base pay, annual bonuses, and stock-based compensation linked to performance [50]. Research and Development - Research and development efforts are focused on enhancing Smart Communities and Smart Operations solutions, prioritizing platform integration and IoT connectivity [51]. Marketing Strategy - The company promotes its brand through integrated marketing channels, including digital marketing and industry events [43].

Core Viewpoint - SmartRent, Inc. will report its fourth quarter and full-year 2025 financial results on March 4, 2026, and will host a conference call to discuss its performance [1]. Group 1: Financial Results Announcement - SmartRent will release its fourth quarter and full-year 2025 financial results before the market opens on March 4, 2026 [1]. - A conference call will be held at 11:30 a.m. ET on the same day, featuring Frank Martell, President and CEO, and Daryl Stemm, CFO [1]. - The press release and supporting materials will be available on the Company's Investor Relations website [1]. Group 2: Company Overview - SmartRent, founded in 2017, is a leading provider of smart community solutions and smart operations solutions for the rental housing industry [1]. - The company's ecosystem automates operations, protects assets, and reduces energy consumption, enhancing the living and working experience in rental housing [1]. - SmartRent's solutions are utilized by 15 of the top 20 multifamily operators and millions of users daily [1].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2026 SmartRent, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 001-39991 85-4218526 (Commission File Number) (I.R.S. Employer Identification Number) 6811 E. Mayo Blvd., 4th Floor Phoenix, Ar ...

Company Overview - SmartRent (SMRT) is a leading company in providing smart home solutions, offering both smart software and devices [1] Product Offering - The company enables homeowners to have comprehensive visibility and full control over their real estate assets [1]