The earnings call presented a mixed picture. While there were significant achievements in cost reductions, SaaS revenue growth, and customer retention, these were offset by declines in total and hardware revenues, increased net losses, and negative adjusted EBITDA. The company's strong cash position provides a solid foundation for future growth, but the transition away from bulk hardware sales has created short-term financial challenges.

Company Guidance -

Q3 2025

During the second quarter of 2025 earnings call, SmartRent provided guidance highlighting several key metrics and strategic initiatives. The company reported a total revenue of $38.3 million, marking a 7% decline sequentially and a 21% year-over-year decrease, primarily due to the strategic shift away from bulk hardware sales. However, hosted services revenue grew by 1% sequentially to $18.8 million, now comprising nearly half of total revenue, with SaaS revenue reaching $14.2 million, representing 37% of total revenue. SmartRent's annual recurring revenue increased by 11% year-over-year to $56.9 million. The company achieved a net customer revenue retention rate of 108% and reported a SaaS ARPU of $5.66, with new bookings showing an ARPU of $8.21. SmartRent's strategy includes a $30 million cost reduction program, expected to lead to adjusted EBITDA and cash flow neutrality by the end of 2025. The company also emphasized its focus on AI integration and product innovation, supported by a cash balance of $105 million and $75 million in undrawn credit, positioning it for long-term growth and leadership in the market.

Successful Cost Reduction Initiatives

The company implemented cost actions resulting in more than $10 million in annualized savings, with an additional $20 million in cost reductions. This is expected to progressively benefit financial results over the remaining months of the year.

SaaS Revenue Growth

SaaS revenue reached $14.2 million, comprising 37% of total revenue, up from 34% in Q1 and 26% in the prior year quarter. Annual recurring revenue increased to $56.9 million, up 11% year-over-year.

High Customer Retention and Engagement

The company reported a net customer revenue retention rate of 108% and low churn of less than 0.1%, indicating strong customer engagement and satisfaction.

Strong Cash Position

SmartRent ended the quarter with a significant cash balance of $105 million, no debt, and $75 million in undrawn credit.

SmartRent (SMRT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SMRT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.04 / -	-0.05	―	―	―
Aug 06, 2025	2025 (Q2)	-0.06 / -0.06	-0.02	-200.00% (-0.04)
May 07, 2025	2025 (Q1)	-0.04 / -0.21	-0.04	-425.00% (-0.17)
Mar 05, 2025	2024 (Q4)	-0.03 / -0.06	-0.02	-200.00% (-0.04)
Nov 06, 2024	2024 (Q3)	-0.02 / -0.05	-0.04	-25.00% (-0.01)
Aug 07, 2024	2024 (Q2)	-0.01 / -0.02	-0.05	60.00% (+0.03)
May 08, 2024	2024 (Q1)	-0.01 / -0.04	-0.07	42.86% (+0.03)
Mar 05, 2024	2023 (Q4)	-0.01 / -0.02	-0.11	81.82% (+0.09)
Nov 07, 2023	2023 (Q3)	-0.04 / -0.04	-0.13	69.23% (+0.09)
Aug 08, 2023	2023 (Q2)	-0.05 / -0.05	-0.13	61.54% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SMRT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$0.98	$1.14	+16.33%
May 07, 2025	$0.90	$0.93	+3.33%
Mar 05, 2025	$1.27	$1.36	+7.09%
Nov 06, 2024	$1.76	$1.63	-7.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Smartrent, Inc. (SMRT) report earnings?

Smartrent, Inc. (SMRT) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is Smartrent, Inc. (SMRT) earnings time?

Smartrent, Inc. (SMRT) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SMRT EPS forecast?

SMRT EPS forecast for the fiscal quarter 2025 (Q3) is -0.04.

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