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.

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.

SmartRent has launched Virtual Intercom, a browser-based entry management system that eliminates traditional hardware requirements and reduces installation costs by up to 85%. The system uses QR codes and WebRTC streaming technology to enable secure visitor access across property entry points. Visitors scan a property-specific QR code and connect directly to residents through a mobile web directory, whilst residents receive push notifications through the SmartRent app to verify guests and unlock doors remotely. The solution integrates with property management software and requires no complex wiring or electrical installation. The system addresses the challenge of high intercom installation costs that previously made portfolio-wide deployment impractical for many property operators. SmartRent will demonstrate Virtual Intercom at the National Apartment Association's Apartmentalize conference from 17-19 June in New Orleans.