SmartRent, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $274.0M
- Price
- $1.43
- % Change (Daily % change from the live per-ticker quote feed.)
- +5.93%
- Volume
- 1.1M
About
SmartRent, Inc. is an enterprise software company that furnishes a unified smart home platform throughout the United States. This system serves a wide array of clients, including residential property management companies and operators, home builders, institutional real estate investors, developers, and the occupants themselves. The company's technology is engineered to grant residential communities improved insight and command over their properties, while simultaneously fostering cost reductions and new revenue streams. For residents, the solution centralizes all home control features into one user-friendly interface. SmartRent's extensive range of products and services includes smart apartments and residences, advanced access control for structures, shared amenities, and individual units, as well as property monitoring and protection. Further offerings extend to parking management, automated self-guided property tours, and dedicated Wi-Fi connectivity for both communities and their inhabitants. Additionally, SmartRent delivers full-suite professional services, covering essential training, efficient installation, and continuous support for its clientele. The company, founded in 2017, is based in Scottsdale, Arizona.
Quick stats
Shares outstanding191.6M
Computed float106.8M
Float / shares55.7%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001837014
Websitehttps://smartrent.com
AI Summary
AI-generated1/27
majorbullishearnings
SmartRent Reports Second Quarter 2026 Financial Results
SmartRent reported Q2 2026 revenue of $39.8 million, up 4% year-over-year, with Core Revenue growing 14% to $38.4 million and Annual Recurring Revenue rising 13% to $64.5 million.
Profitability improved materially as gross margin expanded 760 basis points to 40.7% and Adjusted EBITDA turned positive to $0.7 million, compared to a prior year loss of $7.3 million.
The company capitalized on its strong balance sheet by authorizing a new $25 million share repurchase plan after buying back 2.8 million shares during the quarter.