Slide 1: Quarterly Earnings Update Q1 FY 2025
Smart Community and Smart Operations Solutions for the Rental Housing Industry QUARTERLY EARNINGS UPDATE Q1 FY 2025 May 7, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating pe
Slide 3: Q1 2025 Overview
Q1 2025 Overview Built on a strong foundation—with the right product, the right market, and now, the right execution plan SaaS Momentum Continues: 1 Strategic Shift Underway: 2 Installed Base Growth: 3 Annual Recurring Revenue of $55.9M, Revenue mix is intentionally ~827K+ Units Deployed, +10% YoY,
Slide 4: Q1 FY 2025 Key Financial Highlights
Q1 FY 2025 Key Financial Highlights Revenue ARR Revenue Growth Adjusted EBITDA(2) $41.3M $55.9M Decreased from $0.4 million in same Total Revenue -18% compared to YOY Continued ARR growth +17% $(6.4)M quarter prior year, Declines primarily driven by transitions of +17% YOY reflects primarily due to a
Slide 5: Q1 2025 Revenue Performance
Q1 2025 Revenue Performance Q1 2025 Revenue ($ Millions) SaaS Revenue $60.3 $14.0M +17% 33% $41.3 SaaS revenue growth of total Q1 YOY reflects steady, 2025 consistent expansion revenue SaaS Momentum Accelerates ● Units Deployed, ARPU and NRR (Customer and Property) remain key drivers of SaaS performa
Slide 6: Units Deployed Performance
Units Deployed Performance (1) Units Deployed Units Deployed at end of Q1 2025 ~827K +10% increase since Q1 2024 highlights continued market adoption Net Revenue Retention(1) 114% Customer 102% Property 10% Units Deployed Up 10% y/y Customer Churn(1) 0.02% 6 Strong Customer Loyalty Indicators (1) Se
Slide 7: Q1 FY 2025 Key Takeaways
Q1 FY 2025 Key Takeaways Momentum in Motion: Operational Excellence and Recurring Revenue Growth Building the > $10M Cost Reduction Fuels Margin infrastructure for SaaS Pricing Power Rigorous cost control measures long-term, profitable Demonstrated being implemented, ensuring SaaS ARPU increased to $
Slide 8: Appendix
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Slide 9: TTM Consolidated Balance Sheet
TTM Consolidated Balance Sheet (Unaudited, $ in thousands, except per share amounts) 9 Note: Information as of March 31, 2025. Source: SmartRent SEC filings.
Slide 10: TTM Condensed Consolidated Statement of Operations
TTM Condensed Consolidated Statement of Operations (Unaudited, $ in thousands, except per share amounts) 10 24 Note: Information as of March 31, 2025. Source: SmartRent SEC filings.
Slide 11: Quarterly Reconciliation of net loss to EBITDA and Adjusted EBITDA
Quarterly - Reconciliation of net loss to EBITDA and Adjusted EBITDA (Unaudited, $ in thousands) 11 24 Note: Information as of March 31, 2025. Source: SmartRent SEC filings.
Slide 12: Definition of Key Operating Metrics
Definition of Key Operating Metrics We review the following operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our metrics are not based on any standardized industry methodology and are not
Slide 13: Thank You
THANK YOU For more information, please contact investors@smartrent.com