SmartRent

SmartRent

Integrated smart home platform for properties

Overview

SmartRent provides smart home automation for multifamily, single-family rentals, student housing, and homebuilders by combining hardware devices with a software platform. The hardware and subscription software collect data, offer dashboards, and automate workflows across leasing, maintenance, access control, and resident services, while integrating with existing property-management systems. Unlike generic vendors, SmartRent focuses on real estate with turnkey, customizable solutions that centralize multiple property-management functions. Its goal is to help managers and owners improve efficiency, security, and resident satisfaction while increasing Net Operating Income through data-driven operations.

About SmartRent

Simplify's Rating
Why SmartRent is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Enterprise Software

Real Estate

Company Size

201-500

Company Stage

IPO

Headquarters

Scottsdale, Arizona

Founded

2017

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 4% to $39.8 million, beating consensus on August 5.
  • Units booked jumped 98% in Q2 2026, signaling stronger sales momentum.
  • July 6, 2026 Hexaware partnership targets better customer service and working-capital efficiency.

What critics are saying

  • December 4, 2025 ACLU sued SmartRent and Equity Residential over tenant surveillance.
  • June 2025 worker settlement cost SmartRent $1.5 million, exposing labor-classification vulnerabilities.
  • If one million units stalls, hardware amortization and cash burn crush Vision 2028.

What makes SmartRent unique

  • June 16, 2026 Virtual Intercom removes intercom hardware, cutting installation costs up to 85%.
  • August 5, 2026 ARR reached $64.5 million, with SaaS at 40% of revenue.
  • April 27, 2026 VAR program expands SmartRent beyond large operators into mid-market portfolios.

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Funding

Total Funding

$629.5M

Above

Industry Average

Funded Over

7 Rounds

Spac Private Placement funding comparison data is currently unavailable. We're working to provide this information soon!
Spac Private Placement Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision coverage

Inclusive work environment

Generous PTO

401k

Employee stock purchase plans

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Shanti Sound
Aug 25th, 2026
Corporate wellness that employees actually look forward to: how SmartRent built a successful wellness program with Shanti Sound.

Corporate wellness that employees actually look forward to: how SmartRent built a successful wellness program with Shanti Sound. Employee wellness has evolved far beyond gym memberships and occasional lunches. Today's most successful companies understand that supporting employee well-being means creating opportunities for teams to recharge, connect, and return to work feeling energized. For SmartRent, that journey started with a single sound bath. What began as a one-time event during Mental Health Awareness Month quickly became one of the company's most requested wellness offerings. The positive response helped inspire the growth of SmartRent's broader corporate wellness program and demonstrated the impact that intentional wellness experiences can have on employees. Shanti Sound AZ sat down with Catie from SmartRent to learn how it all came together - and why that first sound bath became the catalyst for a wellness program that continues to prioritize employee well-being. Building a wellness program that employees value. Like many growing organizations, SmartRent wanted to create opportunities that supported both employee well-being and company culture. "SmartRent created a company wellness program to promote healthy work-life balance, ensure team members feel valued, and to have additional opportunities for our team members to get together and connect organically." The company's first experience with Shanti Sound wasn't part of a long-term strategy. It was simply an opportunity to try something new. As Catie shared, the response from employees exceeded expectations and helped shape what their wellness program would become. "We initially just began with hosting a Sound Bath once, and it was such a hit with our team members. The growth of the program itself was very natural as our team members were looking for more events that promoted well-being." Sometimes all it takes is one meaningful experience to reveal what your team has been craving. Why Sound Baths work in the workplace. Modern workplaces move fast. Meetings, deadlines, constant notifications, and everyday stress can leave employees mentally exhausted long before the workday ends. Corporate sound baths provide something that's often missing: intentional time to pause. Participants simply arrive, get comfortable, and allow therapeutic sound frequencies to guide them into deep relaxation. There are no skills to learn, no physical fitness requirements, and no pressure to "do it right." For many employees, it's one of the first opportunities they've had all week to truly disconnect from stress. The result is an experience that promotes relaxation, supports mental clarity, reduces feelings of stress, and helps employees return to work feeling more grounded and refreshed. An easy wellness event to coordinate. One of the biggest concerns companies have when planning employee wellness events is logistics. According to Catie, working with Shanti Sound couldn't have been simpler. "In a word, easy. In two words, easy and rewarding." "Cary is fantastic to work with and makes hosting sound baths on-site simple. She brings all the equipment she needs for the sound bath and provides information on what our team members should expect and bring." Rather than adding another complicated event to the calendar, SmartRent simply coordinated the date and time. "With Cary, I just need to coordinate the event date and time and she takes care of the rest." Whether hosted in your office, at an off-site retreat, or in the peaceful environment of the Shanti Sound studio, every detail is designed to make planning effortless for your team. A wellness investment that may be covered. One unexpected benefit came after SmartRent had already established its wellness program. "Initially, we paid for the sound baths through our employee experience budget. However, in 2025 we found out our insurance provider offers reimbursements for wellness events." Their insurance provider recognized sound baths as an approved wellness activity because participants will experience healing, relieve feelings of stress, and reduce pain levels. "Now that we know our wellness events are reimbursed by our insurance provider, we've been able to host a wider variety of events and it all came about because of Cary and Shanti Sound." While every insurance plan is different, it's worth checking with your benefits provider to see whether corporate wellness programming may qualify for reimbursement. Advice for companies considering a wellness program. For organizations wondering where to begin, Catie's advice is refreshingly simple. "I would say to try it and see what the team says - that's what we did." What started as a single sound bath helped spark a broader wellness program because employees embraced the opportunity to prioritize their well-being. "Our team is invested in their wellness and hosting these types of events shows that we care about our team members' well-being as well." She also highlights one of Shanti Sound's biggest advantages: flexibility. "Shanti Sound is an excellent start as Cary is able to come on-site or you can go to her studio, making the planning of the events easy and quick. Sound Baths, and also offering a variety of wellness options, is what makes our program so successful." Invest in your team's well-being. Supporting employee wellness doesn't have to be complicated. Whether you're planning a Mental Health Awareness Month event, a quarterly team-building experience, a leadership retreat, or simply looking for a meaningful way to invest in your employees, a corporate sound bath offers an opportunity to reduce stress, strengthen workplace culture, and create genuine connection. At Shanti Sound, Shanti Sound AZ partner with organizations of all sizes to create customized corporate wellness experiences. Sessions can be hosted at your workplace, an off-site event, conference, or at its Scottsdale studio, making it easy to bring moments of calm into even the busiest work environments. Whether you're introducing wellness to your team for the first time or enhancing an existing employee wellness program, a corporate sound bath can make a lasting impression. Shanti Sound AZ'd love to help you create an experience your team will remember.

Yahoo Finance
Aug 14th, 2026
SmartRent posts 14% core revenue growth in Q2, its strongest quarterly expansion in over two years

SmartRent reported second-quarter revenue of $39.84 million, slightly beating analyst estimates of $39.62 million. The smart home technology company achieved 4% year-on-year revenue growth, with core revenues growing 14% — the highest quarterly rate in over two years. CEO Frank Martell highlighted the company's progress on its Vision 2028 plan, noting that higher-margin software-as-a-service offerings now represent over 40% of revenue. Annual recurring revenue reached $64.5 million, up 13.6% year-on-year. The company posted adjusted EBITDA of $717,000, exceeding analyst expectations of $97,000. Operating margin improved to -16.2%, compared to -30.5% in the same quarter last year. During the earnings call, analysts focused on bookings drivers, data analytics strategy, and the impact of hardware refresh cycles on recurring revenue.

Yahoo Finance
Aug 5th, 2026
SmartRent reports Q2 earnings with $39.62M revenue forecast, GF value suggests 88% upside

SmartRent Inc is scheduled to report its Q2 2026 earnings on 5 August 2026. Analysts expect revenue of $39.62 million and a loss of $0.02 per share for the quarter. Revenue estimates for the full year 2026 have increased from $159.67 million to $161.42 million over the past 90 days. However, earnings estimates have declined from a loss of $0.06 per share to $0.09 per share over the same period. In the previous quarter, SmartRent beat revenue expectations by 5.05% with $38.68 million but saw its share price drop 18.18% following the results. The average analyst price target stands at $1.35, suggesting a 32.35% upside from the current price of $1.02. GuruFocus estimates a fair value of $1.92, implying an 88.24% upside.

Yahoo Finance
Aug 5th, 2026
SmartRent beats Q2 revenue estimates with $39.84M sales, ARR grows 13.6% to $64.5M

SmartRent reported second quarter 2026 results that exceeded market expectations, with revenue up 4% year on year to $39.84 million, beating analyst estimates of $39.62 million. The smart home company posted a GAAP loss of $0.03 per share, in line with consensus estimates. The company's annual recurring revenue reached $64.5 million, representing 13.6% year-on-year growth. Operating margin improved to -16.2%, up from -30.5% in the same quarter last year. Free cash flow was -$4.60 million, an improvement from -$16.21 million in the prior-year quarter. SmartRent provides smart home devices and software for multifamily residential properties, single-family rental homes, and student housing communities.

CNBC TV18
Jul 7th, 2026
Hexaware partners SmartRent to drive AI-native customer operations, revenue transformation.

Hexaware partners SmartRent to drive AI-native customer operations, revenue transformation. IT services and solutions provider Hexaware Technologies Ltd on Monday (July 6) said it has entered into a strategic partnership with SmartRent Inc. to transform customer operations and revenue processes through AI-native solutions. Top Gainers Top Losers Most Active Price Shockers Volume Shockers | Company | Value | Change | %Change | | Aartech Solonics Ltd. ₹57.48 | 9.58 | 20.00 | | IVP Ltd. ₹189.68 | 28.01 | 17.33 | | Omaxe Ltd. ₹89.90 | 10.40 | 13.08 | | Munjal Auto Industries Ltd. ₹110.39 | 11.00 | 11.07 | | Diamond Power Infrastructure Ltd. ₹218.77 | 19.88 | 10.00 | As on Jul 6, 2026 3:59 PM SmartRent, Inc is a leading technology provider for apartment communities and smart operations solutions for the rental housing industry. The partnership will focus on three connected workstreams, including AI-native customer experience, bill-to-cash operations, and lead-to-order process transformation using Salesforce Revenue Cloud Advanced. Under the customer experience initiative, Hexaware will deploy AI-powered voice agents and intelligent orchestration across voice, email and chat channels to enhance SmartRent's customer support operations and improve service delivery. In the revenue operations segment, Hexaware will implement an intelligent bill-to-cash platform aimed at improving revenue outcomes and managing data, insights, actions and processes to support better days sales outstanding (DSO) performance. For lead-to-order transformation, the company will deploy Salesforce Revenue Cloud Advanced to streamline SmartRent's quoting and order workflows. The implementation is expected to support faster quote cycles, improved pricing governance and a unified view of the revenue pipeline, with a focus on total cost of ownership and measurable business outcomes. Eravi Gopan, President & Global Head - Technology, Products, and Platforms, Hexaware, said, "Enterprises today need speed and efficiency that produce best-in-class experiences, Contextual AI, streamlined SaaS, and an AI-native workforce that drives business outcomes and creates a competitive moat. Enterprises need an operating model in which AI, technology, processes, and the workforce are in harmony. That's what we're building with SmartRent." Frank Martell, President & CEO, SmartRent, said, "Our customers expect service that is fast, intelligent, and dependable. This partnership gives us the operational depth and technology foundation to deliver that at scale." Suresh Kumar Bennet, Executive Vice President & Global Head - Business Process Services, Hexaware, said, "We are pairing domain subject matter experts with Voice AI, transformed enterprise systems, AI-ready data, and redesigned workflows to give SmartRent an adaptive operations platform that improves with every interaction, accelerates revenues, and sustains competitive advantage." Shares of Hexaware Technologies Ltd ended at ₹535.50, down by ₹9.95, or 1.82%, on the BSE.

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