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) provided preliminary, unaudited results for Q4 2025, reporting revenue of $36.0–$37.0 million and SaaS revenue of $15.2–$15.5 million (>10% YoY). The company expects Adjusted EBITDA of $0 to $0.3M, a net loss of $3.6–$3.3M, and an ending cash balance of approximately $105M.
The company said these results mark the first YoY revenue growth in seven quarters and reflect run-rate cash flow neutrality and operational cost resets completed in 2025, while noting figures are preliminary and subject to change.
SmartRent (NYSE: SMRT) granted inducement equity awards under its 2025 Inducement Equity Incentive Plan to two new executives as permitted by NYSE Rule 303A.08.
The Company awarded 232,558 RSUs each to Pankaj Bansi and Sangeeth Ponathil, vesting 25% annually on each anniversary, subject to continued employment and plan terms.
SmartRent (NYSE: SMRT) announced Sangeeth Ponathil as Chief Information Officer effective November 17, 2025. Ponathil brings 25+ years of enterprise technology leadership and will lead engineering, product, applications, security, data and support teams to scale SmartRent’s IoT and smart operations platform.
Ponathil previously led a technology organization of 250+ professionals at loanDepot and ran technology for over 5,000 Pizza Hut franchise locations while at YUM Brands. The company said he will drive digital transformation, infrastructure modernization, and expanded use of AI-driven insights. Coinciding with the hire, founding CTO Isaiah DeRose-Wilson will depart at the end of the year and assist with the transition.
SmartRent (NYSE: SMRT) announced the launch of a Product Advisory Council composed of senior executives from leading multifamily owners and operators to inform its product roadmap.
The council will preview ideas, exchange insights on emerging technologies, provide direct input on features and roadmap priorities, and offer members early access to beta testing. SmartRent noted an installed base of more than 870,000 rental units and customers that collectively own or control nearly seven million institutionally managed U.S. rental units.
SmartRent (NYSE: SMRT) reported third quarter 2025 results with revenue of $36.2M (down 11% YoY) and ARR up 7% to $56.9M, now 39% of total revenue. The company completed a $30M annualized cost reduction program and said it is on track for run‑rate cash flow neutrality exiting 2025. Net loss improved to $6.3M and Adjusted EBITDA improved to $(2.9)M. Units deployed grew 11% to 870,230. SmartRent exited the quarter with $100M cash, no debt and a $75M undrawn credit facility.
SmartRent (NYSE: SMRT) will release its third quarter 2025 financial results before market open on Wednesday, November 5, 2025.
A conference call and webcast with CEO Frank Martell and CFO Daryl Stemm will follow at 11:30 a.m. ET. The press release and supporting materials will be posted in the Events and Presentations section of the company’s investor relations website at https://investors.smartrent.com. Participants can register to receive telephone dial-in details and are encouraged to join 15 minutes early to avoid delays.
SmartRent (NYSE: SMRT) appointed Pankaj Bansi as Chief Transformation Officer on October 9, 2025 to lead enterprise transformation, scalability and operational excellence.
Bansi brings >30 years of real estate and technology experience, has led M&A and change initiatives valued at >$1 billion, and previously managed a $600 million budget. The company granted inducement awards under its 2025 Inducement Equity Incentive Plan: 72,992 RSUs (25% annual vesting) and 145,985 RSUs (50% annual vesting), subject to continued employment and plan terms.
SmartRent (NYSE:SMRT) has released a comprehensive survey revealing critical insights about renters' attitudes toward energy efficiency and utility costs. The survey, conducted with Morning Consult, shows that 92% of renters prioritize reducing monthly utility expenses when choosing a home, while 63% experienced utility increases last year, with 35% facing monthly increases exceeding $51.
Key findings highlight that only 48% of renters feel their property managers effectively communicate about energy usage, and just 44% believe management cares about helping reduce costs. The survey identified that 69% of renters value energy-efficient appliances, while 58% prefer smart thermostats. Notably, 32% of renters would accept higher rent if offset by reduced utility costs.
SmartRent (NYSE:SMRT), a smart communities solutions provider, reported Q2 2025 financial results showing mixed performance. Revenue declined 21% to $38.3 million, while Annual Recurring Revenue grew 11% to $56.9 million. The company reported a net loss of $(10.9) million, compared to $(4.6) million in the prior year.
Key metrics include SaaS revenue growth of 10%, now representing 37% of total revenue, and Units Deployed reaching 847,956, up 10% year-over-year. The company expanded its cost reduction program to $30 million in annualized savings, targeting cash flow neutrality by end of 2025.
SmartRent maintains a strong liquidity position with $105.0 million in cash and an undrawn $75 million credit facility. During Q2, the company repurchased approximately 4.1 million shares for $3.7 million under its $50 million share repurchase program.
SmartRent (NYSE:SMRT), a provider of smart solutions for rental housing communities, has successfully regained compliance with the NYSE's minimum share price listing requirement under Section 802.01C of the NYSE Listed Company Manual.
CEO Frank Martell expressed satisfaction with resolving this listing compliance matter and acknowledged shareholder support while emphasizing the company's commitment to executing its strategy and creating long-term value.