NYSE$SMRT
Smartrent Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
SmartRent's Q3 2024 performance reflected resilience and strategic focus amidst market headwinds, marked by a 23% increase in SaaS revenue and a record SaaS ARR of $53.2 million.
SmartRent reported a 30% decrease in total revenue year-over-year, totaling $40.5 million, while SaaS revenue increased by 23% to $13.3 million. The company's net loss increased to $(9.9) million, but adjusted EBITDA improved by 24% to $(3.8) million. SmartRent repurchased 9.8 million shares at a cost of $17.1 million and ended the quarter with $163.7 million in cash and cash equivalents.
- Total revenue decreased by 30% year-over-year to $40.5 million.
- SaaS revenue increased by 23% year-over-year to $13.3 million.
- Net loss increased by 29% year-over-year to $(9.9) million.
- Adjusted EBITDA improved by 24% year-over-year to $(3.8) million.
Headline financials
Revenue & EPS history
Smartrent · Revenue · Quarterly
$40.5M
Revenue by segment
Smartrent · $38.3M total across 3 segments · Q2 2025
- Hosted services$18.8M—49.2%
- Hardware$15.1M—39.5%
- Professional services$4.33M—11.3%
Forward guidance
SmartRent believes its balance sheet and capital management will enable it to work through the leadership transition, address operational challenges, and invest in growth strategies.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2024
-0.7%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-1.4%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+28.6%
Q3 2023
Best reaction
-31.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -18.2% | -18.2% | -23.8% | |
| Q4 2025 | +15.7% | +15.6% | -1.3% | |
| Q3 2025 | +3.0% | +8.1% | +45.9% | |
| Q1 2025 | +5.2% | -10.3% | +1.8% | |
| Q4 2024 | +7.1% | -8.7% | -20.5% | |
| Q3 2024 | -14.2% | -12.5% | +4.5% | |
| Q2 2024 | -7.9% | -16.4% | -2.4% | |
| Q1 2024 | -2.8% | -2.4% | -4.5% | |
| Q4 2023 | -6.2% | -6.2% | -11.4% | |
| Q3 2023 | +28.6% | +17.0% | +25.5% | |
| Q2 2023 | -12.6% | -10.8% | -18.9% | |
| Q1 2023 | +24.9% | +36.0% | +29.5% | |
| Q4 2022 | -1.2% | +1.5% | -2.7% | |
| Q3 2022 | +25.4% | +25.4% | +4.2% | |
| Q2 2022 | -31.0% | -33.9% | -44.9% | |
| Q1 2022 | +4.3% | +20.6% | +31.0% | |
| Q4 2021 | -14.3% | -7.8% | -26.0% | |
| Q3 2021 | -18.2% | -11.7% | -10.6% | |
| Q2 2021 | -3.3% | +8.8% | -2.5% | |
| Q1 2021 | +0.1% | — | — | |
| Q4 2020 | +0.1% | — | — | |
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