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SmartRent ( (SMRT) ) has issued an announcement.
On November 5, 2025, SmartRent reported its third-quarter financial results, highlighting a revenue of $36.2 million, an 11% decrease from the previous year due to a strategic shift away from bulk hardware sales. Despite the revenue decline, SmartRent achieved a 7% increase in annual recurring revenue and improved its net loss by $3.6 million to $(6.3) million, driven by a $30 million cost reduction program. The company also increased its deployed units by 11% year-over-year, reflecting strong customer adoption and a focus on expanding its installed base. SmartRent exited the third quarter with $100 million in cash and no debt, positioning itself for profitable growth and long-term leverage.
The most recent analyst rating on (SMRT) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on SmartRent stock, see the SMRT Stock Forecast page.
Spark’s Take on SMRT Stock
According to Spark, TipRanks’ AI Analyst, SMRT is a Neutral.
SmartRent’s overall stock score reflects its mixed financial performance, challenging valuation, and neutral technical indicators. The company’s strategic shift towards SaaS and cost reduction initiatives are positive, but ongoing profitability challenges and declining hardware sales weigh heavily on the score.
To see Spark’s full report on SMRT stock, click here.
More about SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. The company’s ecosystem automates operations, protects assets, and reduces energy consumption, serving 15 of the top 20 multifamily operators with millions of users.
Average Trading Volume: 1,115,106
Technical Sentiment Signal: Sell
Current Market Cap: $253.9M
For an in-depth examination of SMRT stock, go to TipRanks’ Overview page.