SmartRent — Third Quarter 2026 Earnings Summary

SmartRent reported third-quarter 2026 total revenue of $41.6 million, representing a 15% year-over-year increase, while core revenue grew 24% to $40.7 million. The company achieved significant margin expansion with gross margins reaching 41% and recorded positive Adjusted EBITDA of $1.1 million, marking the fourth consecutive quarter of profitability on this metric. Net loss narrowed by 38% to $3.9 million, and the firm generated $2.9 million in positive operating cash flow while repurchasing 2.5 million shares. As of September 30, 2026, SmartRent's installed base of deployed units reached 941,977, supporting its goal to surpass one million units in the first half of 2027.