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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
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SmartRent (SMRT) investor relations material
SmartRent Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary6 Aug, 2025
Executive summary
Q2 2025 revenue was $38.3M, down 21% year-over-year, mainly due to lower hardware sales as the company shifts to a SaaS-focused, recurring revenue model.
SaaS revenue grew to $14.2M, up 10–11% year-over-year, now 37% of total revenue, with strong customer retention and low churn.
Net loss widened to $10.9M from $4.6M in the prior year quarter; adjusted EBITDA was $(7.3)M, down from $0.9M.
Cost reduction program expanded to $30M in annualized savings, targeting cash flow neutrality by end of 2025.
Strong liquidity with $105M in cash, no debt, and $75M undrawn credit facility.
Financial highlights
Hardware revenue fell 39% to $15.1M; professional services revenue dropped 26% to $4.3M; hosted services (SaaS) revenue rose 5% to $18.8M.
ARR reached $56.9M, up 11% year-over-year, reflecting strong SaaS adoption.
Gross margin was 33%, down from 36% a year ago, mainly due to hardware mix; SaaS gross margin was 70%.
Total gross profit was $12.7M, down from $17.3M in the prior year quarter.
Operating expenses were $24.4M, including $2M in severance and legal costs.
Outlook and guidance
$30M in annualized cost reductions expected to support adjusted EBITDA and cash flow neutrality by end of 2025.
Hardware headwinds expected to normalize later in 2025, with SaaS revenue growth anticipated.
No formal quantitative guidance for 2026, but management anticipates breakeven or better performance as cost alignment continues.
Explain the impact of ceasing bulk sales.
Detail the $30M cost reduction program.
What drove the decrease in SaaS gross margin?
Detail sources of $20M incremental cost savings.
How will SmartRent evolve its strategy?
How will AI infusion impact product roadmap?
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Next SmartRent earnings date
Q3 20255 Nov, 2025
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Frequently asked questions
SmartRent Inc. is a technology company that provides smart home automation and property management solutions for residential real estate owners, operators, and residents. Its platform integrates smart devices such as locks, thermostats, lighting, and sensors, enabling centralized control and monitoring of properties. The company is headquartered in Scottsdale, Arizona, and its shares are listed on the NYSE.
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