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SmartRent SMRT Q2 2026 earnings

Reported August 5, 2026 · Before market open

Revenue$38.4MMiss by $1.2M
EPS-$0.03Miss by $0.01
Revenue estimate$39.6M
EPS estimate-$0.02
“By almost every measure, SmartRent delivered strong progress in the second quarter as we continued to stay laser focused on realizing the full benefits outlined in our Vision 2028 strategic plan. Core Revenue and ARR were up double digits reflecting strong demand for our best-in-class solutions, the inherent benefits of our market leadership position, and our ongoing investments in sales execution. Our installed IoT footprint now stands at approximately 930,000 units. Given our significant uptrend in Booked Units, I believe we are in a strong position to exceed one million installed units during the first half of next year.”
Frank Martell

Next report

Nov 4, 2026 (in a month)
Revenue estimate$39.9M
EPS estimate-$0.02

Financials

Q2 2026

Income statement

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Revenue$39.8M+4.0%
Gross profit$16.2M+28.0%
Operating income-$6.5M+44.7%
Net income-$5.6M+48.1%
EPS (diluted)-$0.03+50.0%

Balance sheet

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Cash & equivalents$92.7M-11.8%
Total equity$225.1M-5.7%
Total assets$293.7M-17.0%

Cash flow

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Operating cash flow-$1.7M+88.7%
CapEx$225.0K-82.4%
Free cash flow-$1.9M+88.2%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$229.93M-10.1%
P/S1.5×-0.2×

Profitability

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Gross margin36.4%+4.3pp
Operating margin-14.9%-6.1pp
Net margin-13%-5.4pp

Returns & leverage

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Return on equity-8.4%-3.4pp
Current ratio3.8×+1.1×

Segments

By segment

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Smart Apartments$33.3M+4.3%
Access Control$2.7M+31.5%
Smart Operations Solutions$2.3M-12.6%
Other Smart Communities Solutions$1.5M-9.2%

By product

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Software As A Service$16.1M+13.4%
Hardware Service$13.6M-10.0%
Professional Services$8.6M+99.6%
Deferred Hub Amortization$1.5M-68.5%

FAQ

When did SmartRent report Q2 2026 earnings?
SmartRent (SMRT) reported Q2 2026 earnings on August 5, 2026 before market open.
What were SmartRent's Q2 2026 revenue and EPS?
SmartRent reported revenue of $38.4M and eps of $-0.03 for Q2 2026.
Did SmartRent beat estimates in Q2 2026?
Revenue missed the consensus estimate of $39.6M by $1.2M. EPS missed the consensus estimate of $-0.02 by $0.01.
How did SmartRent's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.2% from $38.3M a year earlier and eps grew 50.0% from $-0.06.
Where can I find SmartRent's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-333913) and the 10-Q periodic report (0001193125-26-333924) directly on SEC EDGAR. The filing index links above go to sec.gov.