SmartRent, Inc. is an enterprise software company that furnishes a unified smart home platform throughout the United States. This system serves a ...
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Est. EPS $-0.02 · Revenue $39.89M · 2 analysts
Est. EPS $-0.02 · Revenue $41.60M · 2 analysts
Est. EPS $-0.10 · Revenue $160.00M · 1 analysts
Est. EPS $-0.02 · Revenue $43.21M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $152.3M | -12.9% | +3.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-60.6M | -80.0% | -26.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +32.7% | -5.1% | +4.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -24.7% | -3.6% | -23.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -39.8% | -106.7% | -23.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-30.2M | +25.5% | +66.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -19.8% | +14.4% | +67.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 3.2% | +31.6% | -2.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.13x | -13.7% | -2.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $320.9M | -23.6% | -2.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.32 vs -0.32 | 0.0% | -0.03 vs -0.02 | -34.0% |
| Revenue Surprise | $152.3M vs $152.1M | +0.1% | $39.8M vs $39.6M | +0.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Bohjalian Thomas N | director | Class A Common Stock | A | 15,000 | $1.36 |
| Aug 19, 2026 | Bohjalian Thomas N | director | Class A Common Stock | A | 40,000 | $1.40 |
| Aug 14, 2026 | McQuaid Brian Michael | officer: General Counsel | Restricted Stock Units | D | 28,435 | — |
| Aug 14, 2026 | McQuaid Brian Michael | officer: General Counsel | Class A Common Stock | A | 28,435 | $0.00 |
| Aug 11, 2026 | Bohjalian Thomas N | director | Class A Common Stock | A | 5,000 | $1.34 |
Operator: Hello everyone, thank you for joining us and welcome to the SmartRent Second Quarter 2026 earnings call. [Operator Instructions] I will now hand the conference over to Kelly Reisdorf, Head of Investor Relations. Kelly, please go ahead. Kelly Reisdorf: Hello, and thank you for joining us today. My name is Kelly Reisdorf, Head of Investor Relations for SmartRent. I'm joined today by our President and Chief Executive Officer, Frank Martell, and Daryl Stemm, Chief Financial Officer. Before the market opened today, we issued an earnings release and filed our 10-Q with the SEC, both of which are available on the Investor Relations section of our website. I would like to remind everyone that the discussion today may contain certain forward-looking statements that involve risks and uncertainties. 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 Form 10-Q. We undertake no obligation to provide updates regarding forward-looking statements made during this call, and we recommend that all investors review these reports thoroughly before taking a financial position in SmartRent. Unless otherwise noted, all comparisons discussed on today's call refer to the second quarter of 2026 compared with the second quarter of 2025. Also, during today's call, we will refer to certain non-GAAP financial measures. A discussion of these non-GAAP financial measures, along with a reconciliation to the most directly comparable GAAP measure, is included in today's earnings release. We would also like to highlight that our quarterly earnings presentation is available on the Investor Relations section of our website. And with that, I will turn the call over to Frank. Frank Martell: Good morning, everyone, and thank you for joining us. Today I'm going to discuss the more significant operational and financial highlights from the quarter from my point of view. Daryl will conclude our prepared remarks with a more detailed discussion of our Q2 financial results. By almost every measure, SmartRent delivered strong progress in the second quarter as we continue to stay laser-focused on realizing the full benefits outlined in our Vision 2028 strategic plan. As you may recall, Vision 2028 focuses on two priorities. First, accelerating growth by expanding our competitive moat; and second, increasing profitability levels through a leverageable operating model. These priorities are anchored by five pillars. First, growing our installed base at a double-digit compound rate; second, scaling a world-class go-to-market organization; third, infusing our platform with data, analytics, and AI; fourth, simplifying our hardware architecture while investing in next-generation capabilities; and fifth and finally, strengthening our internal operating rigor to drive sustainable profit and …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Frank D. Martell | Chief Executive Officer, President & Director | USD 1,106,302 | Male | 1960 | Active |
Natalie Cariola | Chief Revenue Officer | USD 781,049 | Female | 1977 | Active |
Daryl Stemm | Chief Financial Officer | USD 683,593 | Male | 1960 | Active |
Isaiah Derose-Wilson | Co-Founder | USD 524,124 | Male | 1984 | Active |
Brian McQuaid | General Counsel & Company Secretary | USD 475,679 | Male | 1971 | Active |
Kelly Reisdorf | Head of Investor Relations | — | — | — | Active |
Pankaj Bansi | Chief Operating Officer | — | Male | — | Active |
Sangeeth Ponathil | Chief Information Officer | — | Male | — | Active |
Amanda Chavez | Vice President of Marketing & Communications | — | Female | — | Active |
Heather Auer | Chief Human Resources Officer | — | Female | — | Active |
SmartRent NYSE: SMRT reported second-quarter results marked by accelerating core revenue growth, higher recurring software revenue and expanded margins, as the smart-home technology provider continued to execute its Vision 2028 strategy.
SmartRent, Inc. (SMRT) Q2 2026 Earnings Call Transcript
SmartRent, Inc. (NYSE: SMRT) (âSmartRentâ or the âCompanyâ), the market leading provider of innovative technology, data, and workflow solutions for the
PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today reported financial results for the three months ended June 30, 2026.
PHOENIX--(BUSINESS WIRE)---- $SMRT #alloy--SmartRent today announced a multi-year initiative with Databricks, the data and AI company.
