SmartRent Q4 net loss narrows on cost cuts, ARR growth

SmartRent

04/03/2026 13:11

Overview

Smart community solutions provider's Q4 revenue rose 3% yr/yr

Company achieved positive adjusted EBITDA in Q4, improving from prior year loss

Net loss improved to $3.2 mln from $11.4 mln in prior year, driven primarily by growth in ARR and lower costs

Outlook

SmartRent plans to expand its deployed base significantly in 2026

Company aims to leverage AI to enhance ROI for property owners

SmartRent focuses on accelerating profitable revenue growth in 2026

Result Drivers

SaaS REVENUE GROWTH - SaaS revenue increased by 13% yr/yr, now representing 42% of total revenue, contributing to overall revenue growth

COST REDUCTIONS - Improved adjusted EBITDA driven by cost reductions from ongoing productivity program

DEPLOYED BASE EXPANSION - Units Deployed increased by 10% yr/yr, supporting growth in recurring revenue

Company press release: ID:nBwbG9Hyra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$36.5 mln
$36.31 mln (2 Analysts)
Q4 EPS
-$0.02
Q4 Net Income
-$3.2 mln
Q4 Operating Expenses
$18 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated hardware & software peer group is "buy."

Wall Street's median 12-month price target for SmartRent Inc is $1.73, about 12% above its March 3 closing price of $1.54

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)