Smartrent, Inc. · NYSE:SMRT
Smartrent — Q2 2026 Earnings Presentation
12 slides from Smartrent's earnings presentation, Aug 5, 2026
Slide 1: SmartRent, Inc. Fourth Quarter 2025 Earnings
TRANSCRIPT 03 - 04 - 2026 SmartRent, Inc. Fourth Quarter 2025 Earnings
Slide 2: Corporate Speakers and Participants
SmartRent, Inc. Fourth Quarter 2025 Earnings CORPORATE SPEAKERS: Kelly Reisdorf SmartRent, Inc.; Head of Investor Relations Frank Martell SmartRent, Inc.; President and Chief Executive Officer Daryl Stemm SmartRent, Inc.; Chief Financial Officer PARTICIPANTS: Ryan Tomasello KBW; Analyst PRESENTATION
Slide 3: Forward-looking statements and 2025 highlights
SmartRent, Inc. Fourth Quarter 2025 Earnings Various factors could cause our actual results to be materially different from any future results expressed or implied by such statements. These factors are discussed in our SEC filings including in our annual report on Form 10-K and quarterly reports on
Slide 4: 2025 and Q4 highlights
SmartRent, Inc. Fourth Quarter 2025 Earnings Second, we expanded our executive leadership bench strength through the promotion of high-performing internal leaders as well as added domain expertise from outside the company. Third, we also expanded our go-to-market capabilities, people, process and cu
Slide 5: Vision 2028 strategic plan
SmartRent, Inc. Fourth Quarter 2025 Earnings I will now focus the balance of my remarks today on outlining our strategic plan which we call Vision 2028. Vision 2028 is built around two clear value creation priorities: number one is accelerating growth by reinforcing and expanding our competitive moa
Slide 6: Hardware footprint and software revenue
SmartRent, Inc. Fourth Quarter 2025 Earnings Our expanded hardware footprint will generate additional software revenues from existing and new solution sets. These revenues should be onboarded at rates above our current average revenue per unit. This should yield an accelerating contribution from our
Slide 7: Revenue results
SmartRent, Inc. Fourth Quarter 2025 Earnings Hosted services revenue totaled $18.1 million and included $15.4 million of SaaS revenue and $2.7 million of noncash hub amortization revenue. Hardware revenue was $12.5 million, up 20% year-over-year, and professional services revenue was $5.9 million. F
Slide 8: Margins, operating expenses and net loss
SmartRent, Inc. Fourth Quarter 2025 Earnings believe separating this non-cash revenue provides clear visibility into the underlying growth of the business. And now turning to margins. Total gross margin in the fourth quarter expanded approximately 990 basis points year-over-year to 38.6%. Hosted ser
Slide 9: SaaS ARPU and outlook
SmartRent, Inc. Fourth Quarter 2025 Earnings SaaS ARPU in the fourth quarter was $5.83 compared to $5.68 in the prior year quarter, an increase of approximately 3%. On a full year basis, SaaS ARPU increased approximately 1%. Units booked SaaS ARPU in the fourth quarter was $7.64 compared to $8.9 in
Slide 10: Analyst Q&A: sales organization
SmartRent, Inc. Fourth Quarter 2025 Earnings Then in terms of the sales organization and installation teams, how much wood is there still to chop in order to get that capacity built out to execute on these targets? Frank Martell^ Ryan, it's Frank Martell. Just -- we'll answer your question in revers
Slide 11: Analyst Q&A: ARPU and 2026 commentary
SmartRent, Inc. Fourth Quarter 2025 Earnings Then in terms of SaaS ARPU, I know you're targeting higher attach rates to expand ARPU in these targets. But any color you can give around the types of growth rates and, I guess overall CAGR do you think is achievable in SaaS ARPU over the next three year
Slide 12: Call conclusion
SmartRent, Inc. Fourth Quarter 2025 Earnings Operator^ There are no further questions at this time. This concludes today's call. Thank you all for attending. You may now disconnect.