SmartRent Inc (SMRT)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$1.330.00%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
QuarterlyIQ Insights · SMRT
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue improving profitability and cash flow with focus on margin expansion and operational discipline to deliver full-year Adjusted EBITDA profitability and positive cash flow.
Stated as a priority in 2 of last 2 quarters. Adjusted EBITDA improved from a loss of $7.3 million in 2025-Q2 to a positive $0.7 million in 2026-Q2, and from a loss of $6.4 million in 2025-Q1 to $0.4 million in 2026-Q1. Net loss also improved by 48% in 2026-Q2 versus prior year. Management reiterated confidence in full-year Adjusted EBITDA profitability and positive cash flow, indicating delivering trajectory.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 47% of the time over the next year (vs 59% for the rest of the cohort, n=6360).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“We believe that our second half Core Revenue and profitability will be substantially stronger than the second half of 2025.”
“We remain confident in delivering Adjusted EBITDA profitability and positive cash flow on a full-year basis.”
Grow the installed base of IoT units with strong bookings and deployments to exceed one million installed units in early 2027.
Stated as a priority in 2 of last 2 quarters. Units Deployed grew approximately 10% year over year, reaching 911,244 in 2026-Q1 and 929,487 in 2026-Q2. Management expects to exceed one million installed units in the first half of 2027, showing delivering progress toward this growth target.
“Our installed IoT footprint now stands at approximately 930,000 units, expecting to exceed one million installed units during the first half of next year.”
“Units Deployed reached 911,244 units, up 10% year over year, reflecting continued expansion of our installed base.”
Continue cost reduction program targeting at least $30 million in annualized expense savings to improve adjusted EBITDA and cash flow neutrality.
Stated as a priority in 2 of last 2 quarters. Operating expenses decreased 32% year over year from $29.9 million in 2025-Q1 to $20.2 million in 2026-Q1. Gross margin expanded by 760 basis points to 40.7% in 2026-Q2 from 33.1% in 2025-Q2. Management attributes these improvements to cost reduction programs and operational discipline, indicating delivering progress on expense reduction.
“Improved operating discipline and structural cost reduction actions taken in second half of 2025 contributed to gross margin expansion.”
“Operating expenses decreased 32% year over year primarily driven by cost alignment initiative implemented in second half of 2025.”
Invest in sales and technology organizations and expand platform capabilities including AI to drive growth and ROI for property owners.
Newly stated in 2026-Q1. Management articulated plans to expand the deployed base and platform capabilities through investments in sales and technology and leveraging AI. Financials show stable Core Revenue and ARR growth, but no direct quantification of impact yet, indicating early stage progress.
“We expect to continue to significantly expand our deployed base as we capitalize on investments in sales and technology organizations and expand platform capabilities leveraging AI.”
Maintain strong liquidity and evaluate capital allocation opportunities including share repurchases to enhance shareholder value.
Newly stated in 2026-Q2. The company repurchased 2.8 million shares for $3.4 million and the Board approved an expanded repurchase plan up to $25 million. This demonstrates active capital allocation discipline with strong liquidity, but limited historical data to assess trajectory.
“During the second quarter, the Company repurchased 2.8 million shares and Board approved an expanded share repurchase plan with authorization up to $25 million.”
Over the trailing year it converted 0.23x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, the US dollar, long-term interest rates, Fed net liquidity (low R² over the window).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated stable grew net income 54% of the time over the next year (vs 60% for the rest of the cohort, n=2709).
Not investment advice. As of 2026-09-04.