Welcome to our dedicated page for Smartrent news (Ticker: SMRT), a resource for investors and traders seeking the latest updates and insights on Smartrent stock.
SmartRent, Inc. provides smart communities and smart operations solutions for the rental housing industry through a platform that combines SaaS, IoT-enabled hardware, maintenance tools and leasing solutions. Company news commonly covers quarterly results, annual recurring revenue, units deployed, SaaS ARPU, hardware revenue comparisons, gross margin, Adjusted EBITDA, cash flow and liquidity.
Updates also address go-to-market expansion, including value-added reseller relationships for small and mid-market multifamily owners and operators, as well as technology leadership, product development, equity incentive grants and governance-related corporate actions.
SmartRent (NYSE: SMRT) reported second quarter 2026 total revenue of $39.8 million, up 4% year over year, with Core Revenue of $38.4 million, up 14%. Annual Recurring Revenue (ARR) rose 13% to $64.5 million, representing 40% of total revenue. Units Booked for the trailing twelve months increased 40% to 112,560, and quarterly Units Booked rose 98% to 48,254. Total Units Deployed reached 929,487, up 10%.
Gross profit was $16.2 million and gross margin expanded to 40.7%, up 760 basis points. Operating expenses fell 7% to $22.7 million. Net loss improved 48% to $5.6 million, while Adjusted EBITDA turned positive at $0.7 million versus a $7.3 million loss a year ago. SmartRent ended the quarter with $93 million in cash, no debt, and an undrawn $75 million credit facility. The company repurchased 2.8 million shares for $3.4 million and the board authorized a new share repurchase plan of up to $25 million.
SmartRent (NYSE: SMRT) announced a multi-year initiative to integrate the Databricks Data + AI Platform as the core of its next-generation data architecture for rental housing. The collaboration aims to combine SmartRent’s physical smart-property footprint with Databricks’ data and AI capabilities to improve insights and operational outcomes.
According to SmartRent, this supports its Vision 2028 strategy by standardizing its connected ecosystem on a single, governed architecture. Initial focus areas include scalable operational intelligence and enhanced enterprise data governance and portfolio visibility for multifamily and single-family rental stakeholders.
SmartRent (NYSE: SMRT) announced it will release its second quarter 2026 financial results on Wednesday, August 5, 2026, before the market opens, and will host a conference call and webcast at 11:30 a.m. ET.
The call will feature President and CEO Frank Martell and CFO Daryl Stemm, and related materials and webcast access will be available in the Events and Presentations section of SmartRent’s Investor Relations website.
SmartRent (NYSE: SMRT) announced a multi-year strategic partnership with Hexaware Technologies to support its Vision 2028 framework. The AI-native collaboration focuses on enhancing customer experience, simplifying lead-to-order processes and optimizing working capital.
The program targets higher operating leverage, profitability and operational efficiencies, with benefits expected to begin before the end of 2026.
Hexaware Technologies and SmartRent (NYSE: SMRT) announced a strategic partnership on July 6, 2026 to build AI-native customer operations and revenue processes.
The collaboration covers three workstreams: AI-native customer experience with Voice AI, an intelligent bill-to-cash platform, and Salesforce Revenue Cloud Advanced implementation.
SmartRent (NYSE: SMRT) launched Virtual Intercom, a browser-based, hardware-free entry management system using secure QR codes for visitor access.
The solution replaces physical intercom panels and wiring, supports multi-building and parking areas, and, according to SmartRent, can reduce typical hardware and installation expenditures by up to 85%.
SmartRent (NYSE: SMRT) launched Climate Protection Mode, an automated smart thermostat function built into Alloy SmartHome Hub+ and Alloy Fusion devices. The feature activates at extreme temperatures or humidity to help prevent property damage, support insurance risk management, and protect NOI for multifamily owners.
SmartRent (NYSE: SMRT) promoted Pankaj Bansi to Chief Operating Officer, expanding his remit from Chief Transformation Officer to overseeing operations, field services, supply chain and analytics. He will continue leading the company’s AI-focused transformation, supporting its Vision 2028 strategy targeting higher profitability, cash flow and scalable growth.
According to SmartRent, Bansi previously drove workflow and organizational redesign, improved customer satisfaction and contributed to a 630-basis-point year-over-year gross margin expansion. The company plans to further unify and automate processes and prepare for a milestone of one million installed IoT units.
SmartRent (NYSE: SMRT) reported Q1 2026 results: total revenue $38.7M (down 6% YoY), ARR $60.9M (up 9% YoY) and Units Deployed 911,244 (up 10% YoY). The company delivered positive Adjusted EBITDA $0.4M for a second consecutive quarter and ended with $99M cash and an undrawn $75M credit facility.
Core Revenue was roughly flat at $36.6M; hardware and bookings declined versus a strong prior-year quarter while SaaS revenue and gross margins expanded.
SmartRent (NYSE: SMRT) launched a strategic value-added reseller (VAR) program to expand its go-to-market into small and mid-market multifamily owners and operators, naming SKBM Smart Technology as the inaugural VAR on April 27, 2026.
SmartRent reports >900,000 IoT units deployed, 1.2 million units supported through maintenance and leasing solutions, and an addressable U.S. rental housing market of >40 million units. The program supports Vision 2028 and the company’s goal of a “March to One Million IoT units.”