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Smartrent, Inc. (SMRT)
:SMRT
US Market

SmartRent (SMRT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 06, 2025
TBA Not Confirmed
Period Ending
2025 (Q2)
Consensus EPS Forecast
-0.06
Last Year’s EPS
-0.02
Same Quarter Last Year
Based on 2 Analysts Ratings

Earnings Call Summary

Earnings Call Date:May 07, 2025
|
% Change Since: 3.33%
|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for SmartRent. While there is strong growth in SaaS revenue and robust customer retention, the company faces challenges with declining total and hardware revenue, increased net loss, and gross margin compression. The strategic shift towards a recurring revenue model and substantial cost savings are positive steps, but current financial metrics indicate challenges in achieving immediate profitability.
Company Guidance
During the SmartRent Q1 2025 earnings call, several key metrics and strategic changes were highlighted to guide the company's future growth and profitability. The company reported total revenue of $41.3 million for the quarter, reflecting an 18% year-over-year decline, primarily due to a 35% drop in hardware revenue as SmartRent shifts focus towards expanding its annual recurring revenue (ARR). SaaS revenue, however, grew by 17% year-over-year to $14 million, supported by a SaaS ARPU increase to $5.69. The company has achieved over $10 million in annualized cost savings to improve cash flow and enhance profitability, with SaaS gross margins at 70.7%. Despite a net loss of $40.2 million mainly due to a non-cash goodwill impairment charge, SmartRent maintains confidence in its strategic plan, emphasizing sustainable and predictable ARR growth, platform superiority, and operational excellence. The company aims to achieve non-GAAP adjusted EBITDA profitability, leveraging a strong balance sheet with $125.6 million in cash and no debt, while navigating potential cost pressures from tariff developments. The CEO search is in its final stages, with new leadership expected to bolster SmartRent's strategic execution in the coming weeks.
Strong SaaS Revenue Growth
SaaS revenue grew 17% year-over-year to $14 million, with improved ARPU and strong customer retention.
Customer Retention and Market Leadership
SmartRent sustained a customer retention rate above 99.9% over the past three years, with over 800,000 units deployed.
Cost Savings and Operational Restructuring
The company completed over $10 million in annualized cost savings aimed at improving cash flow and profitability.
Strong Balance Sheet
Ended the quarter with $125.6 million in cash, 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

SMRT Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 06, 2025
2025 (Q2)
-0.06 / -
-0.02
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
-0.0560.00% (+0.03)
May 08, 2024
2024 (Q1)
-0.01 / -0.04
-0.0742.86% (+0.03)
Mar 05, 2024
2023 (Q4)
-0.01 / -0.02
-0.1181.82% (+0.09)
Nov 07, 2023
2023 (Q3)
-0.04 / -0.04
-0.1369.23% (+0.09)
Aug 08, 2023
2023 (Q2)
-0.05 / -0.05
-0.1361.54% (+0.08)
May 10, 2023
2023 (Q1)
-0.07 / -0.07
-0.1241.67% (+0.05)
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
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%
Aug 07, 2024
$1.65$1.56-5.45%
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 Aug 06, 2025, TBA Not Confirmed.
    What is Smartrent, Inc. (SMRT) earnings time?
    Smartrent, Inc. (SMRT) earnings time is at Aug 06, 2025, TBA Not 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 (Q2) is -0.06.
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