SmartRent Reports Q1 2025 Financial Results and Strategy Shift

The latest update is out from SmartRent ( (SMRT) ).

On May 7, 2025, SmartRent reported its financial results for the first quarter of 2025, highlighting a strategic shift towards a SaaS-focused revenue model. Despite a decrease in total revenue by 18% year-over-year to $41.3 million, the company achieved a 17% increase in SaaS revenue, reflecting its transition away from hardware-led growth. The net loss increased to $40.2 million due to a goodwill impairment, and the company repurchased 1.0 million shares. SmartRent’s management emphasized foundational steps to rebuild the company as a customer-centric organization, aiming for long-term profitable growth and sustained value creation.

Spark’s Take on SMRT Stock

According to Spark, TipRanks’ AI Analyst, SMRT is a Neutral.

SmartRent’s overall score is moderate, reflecting mixed financial performance with strong balance sheet but inconsistent revenue growth. Technical indicators show weak market momentum. Valuation is challenged by negative earnings. Recent earnings call and corporate events indicate strategic shifts but highlight ongoing challenges.

To see Spark’s full report on SMRT stock, click here.

More about SmartRent

SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart community solutions and smart operations solutions for the rental housing industry. Founded in 2017, the company focuses on delivering a smart home IoT platform to enhance customer relationships and growth in an underpenetrated market.

Average Trading Volume: 2,051,980

Technical Sentiment Signal: Sell

Current Market Cap: $173.3M

See more insights into SMRT stock on TipRanks’ Stock Analysis page.