SmartRent Q2 revenue rises 4% to $39.8 million; net loss narrows to $5.6 million
SmartRent reported second-quarter 2026 results with total revenue up 4% year over year and a narrower net loss, and its board approved a share repurchase plan of up to $25 million on July 24. For shareholders, the filing shows higher revenue, a smaller loss and positive Adjusted EBITDA, with the company holding $92.7 million in cash and no debt.
Key points
- Total revenue was $39.8 million, up from $38.3 million, and Core Revenue was $38.4 million, up 14%.
- Net loss was $5.6 million, compared with $10.9 million in the prior-year quarter; Adjusted EBITDA was $0.7 million versus a loss of $7.3 million.
- Gross margin expanded to 40.7% from 33.1%; hardware revenue fell 10% to $13.6 million.
- Cash was $92.7 million with no debt and an undrawn $75 million credit facility; the company repurchased 2.8 million shares for $3.4 million in the quarter.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.