Earnings Releases·Nov 4, 2026, 8:05 AM ET

SmartRent — Third Quarter 2026 Earnings Summary

Total revenue rose 15% year-over-year to $41.6 million, driven by a 24% surge in core revenue to $40.7 million, while Annual Recurring Revenue (ARR) grew 11% to $62.9 million.
The company achieved its fourth consecutive quarter of positive Adjusted EBITDA at $1.1 million (a $4.0 million improvement year-over-year) and expanded gross margin 1,470 basis points to 41%, alongside positive operating cash flow of $2.9 million.
Management guided Q4 2026 total revenue growth to 15–20% and core revenue growth to 20–25% year-over-year, with a strategic target to surpass one million installed units in the first half of 2027.
Capital allocation included $3.4 million in share repurchases during the quarter (2.5 million shares), bringing year-to-date buybacks to $6.8 million, while maintaining $89.2 million in cash on hand and an undrawn $75 million credit facility.