SmartRent Inc Class A (SMRT)

Over the past six months, SmartRent's stock has trended up by 81.63%. Key events include the appointment of Frank Martell as President and CEO on June 16, 2025, and regaining compliance with NYSE minimum share price requirements on August 4, 2025. On August 6, 2025, the company reported Q2 2025 earnings with a GAAP EPS of -$0.06 and revenue of $38.3 million, a 21% year-over-year decrease in total revenue, but SaaS revenue showed robust growth. SmartRent announced a $30 million cost reduction plan on August 7, 2025, and aimed for adjusted EBITDA neutrality by the end of 2025. Pankaj Bansi was appointed Chief Transformation Officer on October 9, 2025. On November 5, 2025, SmartRent reported Q3 2025 financial results, with a GAAP EPS of -$0.03 and revenue of $36.2 million, with net loss decreasing by 36% year-over-year. KBW raised SmartRent's price target to $1.70 on November 6, 2025. Sangeeth Ponathil was named Chief Information Officer on November 17, 2025. SmartRent reported that its Smart Apartments solution was in 870,000 homes nationwide on December 19, 2025, and monthly active resident users increased to 770,000 in 2025.

Demand for SmartRent's solutions likely aligns with peak leasing seasons in the multifamily sector. A strong rental market presents a prime opportunity for tech investment in multifamily housing, suggesting a correlation between market health and demand for SmartRent's offerings. The company anticipates that better alignment with customer buying cycles will lead to more consistent and predictable revenue growth in 2026, implying some past seasonality or variability in demand.

SmartRent, Inc. is a smart home technology company in the proptech industry, serving the multifamily and single-family rental sectors. Its mission is to provide an integrated smart home platform that enhances operational efficiency, reduces costs, and improves resident satisfaction. The company is transitioning to prioritize higher-margin SaaS offerings. SmartRent's platform combines smart hardware and cloud-based software to automate property operations and elevate the resident experience. Key products include smart locks, thermostats, and leak sensors, controllable via a mobile application and management dashboard. The company also offers access control systems, community and resident Wi-Fi, asset protection and monitoring, parking management, and self-guided tour solutions, as well as workflow management tools.

SmartRent has a rapidly expanding market presence, with its technology deployed across thousands of communities nationwide. The company's solutions are implemented in over 870,000 homes across the United States, serving markets in more than 40 states. SmartRent's headquarters are located in Scottsdale, Arizona.

SmartRent's brand reputation has been mixed, with customer reviews highlighting frustrations with execution, including unreliable app performance, unresponsive customer service, and issues with device functionality. SmartRent is not a BBB Accredited Business. Despite these challenges, SmartRent has received positive recognition within the PropTech industry, being mentioned in "The Top 50 PropTech Index 2025" and serving 15 of the top 20 multifamily owners and operators. The company has actively invested in innovation, launching new AI-powered features and a $10 million investment program to enhance its platform and customer success. Positive customer testimonials highlight the convenience of keyless entry, thermostat control, and the benefits of self-guided tours.

SmartRent, Inc. has a significant institutional ownership base, with 178 institutional owners holding a total of 112,999,823 shares. Major institutional shareholders include Citigroup Inc., Vanguard Group Inc., UBS Group AG, Oaktree Capital Management Lp, Long Pond Capital, LP, and Blue Door Asset Management, LLC. Bain Capital Venture Investors LLC is the largest individual shareholder, owning 19.63 million shares, which represents 10.38% of the company. Institutional investors collectively hold approximately 59.42% of the stock, while individuals and insiders hold about 10.63%.