Slide 1: Quarterly Earnings Update Q4 and Full Year 2025
Smart Community and Smart Operations Solutions for the Rental Housing Industry QUARTERLY EARNINGS UPDATE Q4 and Full Year 2025 Vision 2028 March 4, 2026
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 p
Slide 3: Q4 & FY 2025 Key Messages
Q4 & FY 2025 Key Messages Disciplined Execution in Motion: SaaS Scale, Operating Leverage, Commercial Traction 3
Slide 4: Vision 2028
Vision 2028 Building Scale, Margin Expansion, and Cash Generation 4
Slide 5: March to One Million Units
March to One Million Units Expanding the Installed Base to Drive Recurring Revenue 5
Slide 6: Q4 2025 Revenue Performance
Q4 2025 Revenue Performance (1) 6 (1) See Appendix for defin ition and reconciliation of non-GAAP metrics. Information as of December 31, 2025. Source: SmartRent SEC filings.
Slide 7: FY 2025 Revenue Performance
FY 2025 Revenue Performance (1) 7 (1) See Appendix for defin ition and reconciliation of non-GAAP metrics. Information as of December 31, 2025. Source: SmartRent SEC filings.
Slide 8: Q4 & FY 2025 Gross Profit Performance
Q4 & FY 2025 Gross Profit Performance 8
Slide 9: Units Deployed Performance
Units Deployed Performance (1) 9 (1) See Appendix for defin ition. Information as of December 31, 2025. Source: SmartRent SEC filings.
Slide 10: Q4 & FY 2025 Key Takeaways
Q4 & FY 2025 Key Takeaways Disciplined Execution in Motion: SaaS Scale, Operating Leverage, Commercial Traction From reset to operating SaaS Pricing Power leverage: accelerating Strong Balance Sheet installed base growth, SaaS Maintained strong balance sheet, Cash SaaS ARPU increased to $5.83 in Q4
Slide 11: Appendix
£3 SMARTRENT APPENDIX ea
Slide 12: TTM Condensed Consolidated Balance Sheet
TTM CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited, $ in thousands, except per share amounts) 12 Note: Information as of December 31, 2025. Source: SmartRent SEC filings.
Slide 13: TTM Condensed Consolidated Statement of Operations
TTM CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited, $ in thousands, except per share amounts) 13 24 Note: Information as of December 31, 2025. Source: SmartRent SEC filings.
Slide 14: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (Unaudited, $ in thousands) 14 Note: Information as of December 31, 2025. Source: SmartRent SEC filings. 24
Slide 15: Reconciliation of Total Revenue to Core Revenue
RECONCILIATION OF TOTAL REVENUE TO CORE REVENUE (Unaudited, $ in thousands) 15 Note: Information as of December 31, 2025. Source: SmartRent SEC filings. 24
Slide 16: Definition of Key Operating Metrics
Definition of Key Operating Metrics We review the following operating me trics to evaluate our business, measure our performance, identify trends affecting our bu siness, f ormulate business plans and make strategic decisions. Our metrics are not based on a ny sta ndardized industry methodology and
Slide 17: Thank You
THANK YOU For more information, please contact investors@smartrent.com