SmartRent releases transcript of Q2 2026 earnings call
SMRT•Q2 2026 earnings call highlights
- SmartRent’s Q2 2026 earnings call drew CEO Frank Martell, CFO Daryl Stemm, IR head Kelly Reisdorf, and KBW analyst Ryan Tomasello.
- Core revenue rose 14% to USD 38 million; SaaS revenue rose 13% to USD 16 million, over 40% of revenue; ARR climbed to USD 65 million.
- Installed IoT footprint grew 10% to nearly 930,000 units; management expects to exceed 1 million installed units in the first half of next year.
- Units booked topped 48,000; trailing-12-month bookings rose 40% to about 112,000 units, helped by timing of a few larger orders.
- Cash totaled USD 93 million with no debt; SmartRent repurchased 3 million shares for USD 3 million, then expanded authorization to USD 25 million.
