SmartRent (SMRT) Q2 Revenue Falls 21%
SmartRent (NYSE:SMRT), a smart home automation and property technology provider, reported its financial results for the second quarter of fiscal 2025 on August 6, 2025. The main headline: GAAP revenue of $38.3 million for Q2 2025 came in below analyst expectations of $38.85 million. Year on year, GAAP revenue dropped 21%, mainly due to a strategic decision to scale back hardware sales. Earnings per share (GAAP) matched expectations at $(0.06), but Net losses (GAAP) deepened. Adjusted EBITDA fell from a positive result last year to a loss of $(7.3) million, as margin pressures and the shift to a SaaS-focused business continue. The quarter signals both progress in recurring revenue and challenges in sustaining top-line growth.
Source: Analyst estimates for the quarter provided by FactSet.
SmartRent delivers smart home technology for multifamily and single-family rental properties. Its offerings include enterprise-level software, smart devices, and integration tools that allow property owners to automate, monitor, and manage entire portfolios. The company's platform connects a range of third-party devices, such as thermostats and security locks, to centralized management software.
Source Fool.com
