SmartRent Q2 2026: Revenue Reaches $39.8M, Net Loss Narrows to $5.6M, Bookings Surge 58%
SMRT sits 21% above its 52-week low of $0.9.
Summary
SmartRent posted Q2 revenue of $39.8M, a narrower net loss of $5.6M, and positive Adjusted EBITDA for the third consecutive quarter. Bookings surged 58% YoY, and the board authorized a new $25M buyback.
Key Events · Earnings and Guidance · SMRT
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Q2 Revenue Beats Consensus
Revenue of $39.8M edged past the $39.62M consensus, with core revenue up 14% YoY driven by a 13% increase in SaaS revenue.
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Net Loss Narrows Sharply
Net loss improved to $5.6M from $10.9M a year ago, reflecting cost discipline and higher-margin revenue mix.
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Adjusted EBITDA Positive Again
Adjusted EBITDA was $0.7M, marking the third straight quarter of positive Adjusted EBITDA, a key milestone in the turnaround.
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Bookings Surge 58%
Bookings of $48.2M were up 58% YoY, and Units Booked nearly doubled to 48,254, indicating strong demand momentum.
Analysis · SMRT · Technology
A solid second quarter saw SmartRent's revenue edge past consensus, with core revenue climbing 14% year-over-year. The net loss shrank to $5.6 million from $10.9 million a year ago, and Adjusted EBITDA turned positive at $0.7 million — the third straight quarter in the black on that metric. Strengthening demand was evident as bookings jumped 58% to $48.2 million. While cash declined to $92.7 million, the company remains well-funded. In a vote of confidence at current levels, the board replaced its buyback program with a new $25 million authorization. The results reinforce the turnaround narrative that began in Q1, though the stock remains under $2, reflecting lingering skepticism about growth sustainability.
At the time of this filing, SMRT was trading at $1.09 on NYSE in the Technology sector, with a market capitalization of approximately $202.5M. The 52-week trading range was $0.90 to $2.20. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.