NYSE$SMRT

Smartrent Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

SmartRent reported Q3 2025 revenue of $36.2M, a net loss of $6.3M.

For Q3 2025, SmartRent reported Revenue was $36.2M, net loss was $6.3M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $36.2M for Q3 2025.
  • Net loss $6.3M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$36.2M

Previous: $40.5M-10.6%
EPS (adj)

-$0.03

Previous: -$0.05+40.0%
Annual Recurring Revenue

$56.9M

Previous: $53.2M+7.0%
Adjusted EBITDA

-$2.93M

Previous: -$3.82M+23.5%
Hardware Units Shipped

20.0K

Previous: 44.8K-55.2%
Hardware ARPU

$574.00

Previous: $418.00+37.3%
New Units Deployed

22.6K

Previous: 15.2K+49.3%
Professional Services ARPU

$449.00

Previous: $443.00+1.4%
Units Deployed

870.2K

Previous: 787.0K+10.6%
SaaS ARPU

$5.52

Previous: $5.70-3.2%
Units Booked

22.1K

Previous: 17.0K+29.5%
Bookings

$24M

Previous: $19.6M+22.3%
Units Booked SaaS ARPU

$7.96

Previous: $9.73-18.2%
Total Gross Margin

26.4%

Previous: 33.2%-20.5%
SaaS % of Total Revenue

39.0%

Previous: 33.0%+18.2%
Capital Expenditures

-$3.55M

Previous: -$524K-577.9%
Net Income

-$6.27M

Previous: -$9.92M+36.8%
Operating Income

-$7.03M

Previous: -$11.7M+40.1%
Gross Profit

$9.57M

Previous: $13.5M-28.9%

Revenue & EPS history

Smartrent · Revenue · Quarterly

$36.2M

Q3 2025-10.6%vs Q3 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Smartrent · $58.1M total across 3 segments · Q3 2023

  • Hardware
    $35.6M+33.5%
  • Hosted Services
    $16.5M+23.8%
  • Professional Services
    $5.96M-20.3%

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Collaboration, licensing, or product pipeline progress noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D spend pressure near-term earnings.
  • Financing, dilution, or partnership timing may affect liquidity.

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 2025

Historical avgQ3 2025

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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%
Q3 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2012
Q3 2012

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