SmartRent posts Q3 2026 revenue growth and margin expansion, issues upbeat Q4 outlook
SmartRent reported third‑quarter 2026 total revenue of $41.6 million, up 15% year‑over‑year, with core revenue rising 24% to $40.7 million. Gross margin expanded to 41% and adjusted EBITDA turned positive at $1.1 million, a $4.0 million improvement from the prior year. The company ended the quarter with $89.2 million in cash, repurchased 2.5 million shares (1% of outstanding), and deployed 941,977 units. It forecast fourth‑quarter revenue growth of 15%‑20% YoY, core revenue growth of 20%‑25%, and adjusted EBITDA growth of 450%‑650%.
Why it matters
The margin expansion and cash strength improve the company’s financial flexibility, while the share repurchase returns capital to shareholders. The guidance suggests continued top‑line acceleration, which B. Riley cited when raising its price target to $2.25 (from $1.75).
Key facts
- 1Total revenue was $41.6 million, up 15% YoY. sec.gov
- 2Core revenue was $40.7 million, up 24% YoY. sec.gov
- 3Gross margin expanded to 41%, a 1,470‑basis‑point increase. sec.gov
- 4Adjusted EBITDA was $1.1 million, a $4.0 million improvement from the prior year. sec.gov
- 5Net loss narrowed to $3.9 million, a 38% YoY improvement. sec.gov
- 6Cash on hand at quarter‑end was $89.2 million. sec.gov
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.