Smartrent Inc Stock Price, News & Analysis

SmartRent (NYSE:SMRT) has released a comprehensive survey revealing critical insights about renters' attitudes toward energy efficiency and utility costs. The survey, conducted with Morning Consult, shows that 92% of renters prioritize reducing monthly utility expenses when choosing a home, while 63% experienced utility increases last year, with 35% facing monthly increases exceeding $51.

Key findings highlight that only 48% of renters feel their property managers effectively communicate about energy usage, and just 44% believe management cares about helping reduce costs. The survey identified that 69% of renters value energy-efficient appliances, while 58% prefer smart thermostats. Notably, 32% of renters would accept higher rent if offset by reduced utility costs.

SmartRent (NYSE:SMRT), a smart communities solutions provider, reported Q2 2025 financial results showing mixed performance. Revenue declined 21% to $38.3 million, while Annual Recurring Revenue grew 11% to $56.9 million. The company reported a net loss of $(10.9) million, compared to $(4.6) million in the prior year.

Key metrics include SaaS revenue growth of 10%, now representing 37% of total revenue, and Units Deployed reaching 847,956, up 10% year-over-year. The company expanded its cost reduction program to $30 million in annualized savings, targeting cash flow neutrality by end of 2025.

SmartRent maintains a strong liquidity position with $105.0 million in cash and an undrawn $75 million credit facility. During Q2, the company repurchased approximately 4.1 million shares for $3.7 million under its $50 million share repurchase program.

SmartRent (NYSE:SMRT), a provider of smart solutions for rental housing communities, has successfully regained compliance with the NYSE's minimum share price listing requirement under Section 802.01C of the NYSE Listed Company Manual.

CEO Frank Martell expressed satisfaction with resolving this listing compliance matter and acknowledged shareholder support while emphasizing the company's commitment to executing its strategy and creating long-term value.

SmartRent (NYSE: SMRT), a leading provider of smart communities and operations solutions for the rental housing industry, has scheduled its second quarter 2025 financial results announcement for August 6, 2025.

The company will release its Q2 2025 results before market opening, followed by a conference call at 11:30 a.m. ET. CEO Frank Martell and CFO Daryl Stemm will host the call to discuss the company's performance. Participants can access the call through telephone registration and are encouraged to dial in 15 minutes early.

SmartRent (NYSE:SMRT) has released findings from a nationwide survey of 939 U.S. renters, revealing key insights into renter preferences during the peak summer leasing season. The survey shows that 56% of renters are ready to move, with top reasons including desire for more space (26%), new neighborhoods (24%), and price increases (21%).

Regarding expectations, 61% of renters expect water coverage, 53% expect trash services, and 43% expect on-site maintenance included in their rent. Smart home technologies are highly valued, with 69% of renters prioritizing networked security cameras, 58% wanting smart locks, and 56% desiring smart thermostats.

Gen Z renters show the highest mobility rate at 68% and demonstrate strong preferences for security features and smart home technology, with 72% interested in security cameras and 70% in video doorbells.

SmartRent (NYSE: SMRT), a leading provider of smart communities solutions for rental housing, has appointed Frank Martell as President and CEO, effective immediately. Martell, who has been serving on SmartRent's Board since June 2024, brings over 30 years of executive leadership experience. His previous roles include CEO positions at loanDepot and CoreLogic, where he demonstrated success in driving market leadership and profitability. At CoreLogic, he transformed the company into a global platform for digital residential property data and analytics. As SmartRent's new CEO, Martell will focus on accelerating the adoption of the company's enterprise platform and evolving it into a high-performing, customer-centric organization centered on its hardware-enabled SaaS model.

SmartRent (NYSE: SMRT) has announced major platform enhancements with the introduction of SMRT IQ, an AI-powered intelligence layer, and advanced energy management tools. The new SMRT IQ feature uses conversational AI to transform property-level device data into instant insights, allowing users to query real-time data from connected smart devices using natural language. The platform's enhanced energy management capabilities leverage real-time thermostat data to optimize HVAC performance, reduce energy waste, and support ESG goals. These innovations are part of SmartRent's $10 million investment in platform development, designed to streamline property operations, cut utility costs, and improve decision-making across rental housing portfolios. The system integrates with existing HVAC systems and provides comprehensive energy dashboards, smart setpoint automation, and live alerts for performance anomalies.

SmartRent (NYSE: SMRT) and Parks Associates released a whitepaper revealing significant energy cost reductions in multifamily communities through smart technology implementation. The study shows properties achieved an 18-19% reduction in energy and water costs, surpassing initial expectations of 9-12%. According to ACEEE, multifamily properties could save $3.4B in total utility costs annually (15-30%) by adopting smart energy strategies. The whitepaper details how integrated IoT solutions, including smart thermostats, lighting, humidity sensors, and leak detectors, can optimize energy consumption while improving property NOI. The research emphasizes that connected technologies have evolved from luxury amenities to operational necessities, helping properties meet ESG requirements, attract environmentally conscious renters, and generate significant cost savings through streamlined operations.

SmartRent (NYSE: SMRT) reported mixed Q1 2025 financial results, highlighting its strategic shift towards a hardware-enabled SaaS model. Annual Recurring Revenue reached $55.9M, up 17% YoY, while SaaS revenue grew 17% to $14.0M. However, total revenue decreased 18% to $41.3M, and the company reported a net loss of $(40.2M), including a $24.9M goodwill impairment. Key metrics showed Units Deployed increased 10% to 827,611, though New Units Deployed decreased 39% to 18,114. The company maintained a strong balance sheet with $125.6M in cash and no debt. During Q1, SmartRent repurchased 1.0M shares for $1.2M and executed $10M in cost reductions as part of its organizational restructuring efforts.