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
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -81.2% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 21.2% |
Growth built into the price is above our model estimate.
The price assumes 102.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 120 industry peers · Company calendar date is not available
SMRT — earnings in line
Dated 2026-08-05
Results of Operations and Financial Condition. On August 5, 2026, SmartRent, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the Company’s press release is attached hereto and incorporated herein by reference.
Why it matters: If revenue growth falls below its median, it signals weakening demand in the sector.
Worry ifRevenue growth drops below its median rate for the sector.
Less concerning ifRevenue growth stays above its median rate for the sector.
Why it matters: Expanding the deployed base is key to SmartRent's growth strategy. It affects revenue potential.
Supportive ifManagement says there is a big rise in the number of units deployed.
Worry ifNo growth in the deployed base, indicating stagnation in market presence.
Why it matters: Lower operating expenses show good cost control. This can help profits and shows focus on efficiency.
Supportive ifOperating expenses go down in Q3 2026.
Worry ifOperating expenses go up in Q3 2026.
Why it matters: Positive Adjusted EBITDA means the company is getting better with money. This can help investors feel more confident.
Supportive ifQ2 Adjusted EBITDA was over $0.4 million. This shows the company is still making money.
Worry ifQ2 Adjusted EBITDA went below $0. This suggests the company may lose money again.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$220 on $10,000 · ±2.2% | How much price usually moves either way. |
| Bad day | $485 loss on $10,000 · 4.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,531 loss on $10,000 · 55.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Reducing costs can help make more money. It shows the company is managing costs well.
Supportive ifThe company reports saving at least $15 million in costs by Q2.
Worry ifExpense reductions fall short of $15 million by Q2, indicating poor cost control.
Why it matters: Strong growth in Units Deployed shows demand for SmartRent's solutions. This helps keep revenue steady.
Supportive ifUnits Deployed growth remains above 10% year over year in Q2.
Worry ifUnits Deployed growth drops below 5% year over year in Q2.
Why it matters: More units booked show stronger sales and higher market demand.
Supportive ifUnits booked reported above 16,592 for the quarter ending June 30, 2026.
Worry ifUnits booked reported below 16,592 for the quarter ending June 30, 2026.
Why it matters: Sector performance can impact SmartRent's growth and investor sentiment. A stronger sector may help SmartRent.
Supportive ifSector revenue growth speeds up again, showing a positive trend.
Worry ifSector revenue growth slows down, showing ongoing challenges.
Why it matters: A drop in ARR shows weaker customer loyalty and less growth.
Worry ifARR reported below $60.9 million for the quarter ending June 30, 2026.
Less concerning ifARR reported above $60.9 million for the quarter ending June 30, 2026.
Why it matters: If growth exceeds 10%, it shows strong demand. This helps management make more money.
Supportive ifCore Revenue growth above 10% year over year in Q3 2026.
Worry ifCore Revenue growth below 5% year over year in Q3 2026.
Why it matters: More gross margin means better cost control and efficiency. This helps overall profits.
Supportive ifGross margin exceeds 40% in Q3 2026.
Worry ifGross margin falls below 40% in Q3 2026.
Why it matters: More share buybacks show confidence in the company and its value.
Supportive ifShare repurchases exceed $25 million in the next quarter.
Worry ifShare repurchases remain below $25 million in the next quarter.
Why it matters: Reaching one million units shows strong market demand and supports growth strategies.
Supportive ifUnits Deployed surpassing 1 million by the end of Q2 2027.
Worry ifUnits Deployed remain below 950,000 by the end of Q2 2027.
Why it matters: A negative Adjusted EBITDA makes people worry. It shows the company may struggle to make money.
Worry ifQ2 Adjusted EBITDA is negative for the quarter ending June 30, 2026.
Less concerning ifQ2 Adjusted EBITDA is positive for the quarter ending June 30, 2026.
Why it matters: Core Revenue growth reflects the company's operational strength. It is a key measure of ongoing business health.
Supportive ifCore Revenue went up year over year in Q2. This shows good business performance.
Worry ifCore Revenue went down year over year in Q2. This may point to problems ahead.
Why it matters: Earnings results will show if SmartRent is closer to making money. Investors will watch this.
Watch forThe Q2 earnings report shows if SmartRent is making money or improving from before.
Also watch forThe Q2 earnings report shows continued losses or no change in adjusted EBITDA.