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
B-
Rated B on Competitive Edge
Rated B 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; ARR reached $64.5 million.
  • Units booked jumped 98% in Q2 2026, driving 929,487 deployed units.
  • Third straight quarter of positive adjusted EBITDA and margin expansion strengthens execution.

What critics are saying

  • December 2025 tenant privacy lawsuit threatens injunctions, damages, and brand damage.
  • Hardware revenue fell 10% in Q2 2026, exposing dependence on cyclical refresh cycles.
  • SmartRent still trails profitability; another booking slowdown would crush its turnaround.

What makes SmartRent unique

  • SmartRent unifies proprietary hardware, SaaS, and implementation for rental housing operators.
  • June 2026 Virtual Intercom cuts intercom installation costs up to 85%.
  • February 2026 patent strengthens its community-wide automation architecture and moat.

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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

0%

1 year growth

0%

2 year growth

0%
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.

Business Wire
Jun 16th, 2026
SmartRent launches browser-based Virtual Intercom, cutting hardware costs by 85%

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.

Morningstar
Jun 16th, 2026
SmartRent launches hardware-free Virtual Intercom.

SmartRent launches hardware-free Virtual Intercom. Provided by Business Wire Jun 16, 2026, 8:15:00 AM Browser-based, smartphone friendly entry system replaces physical panels with QR codes, making visitor management affordable for multi-building communities and parking areas SmartRent, Inc. (NYSE: SMRT) ("SmartRent" or the "Company"), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of Virtual Intercom, a reenvisioned, browser-based entry management system. SmartRent's new Virtual Intercom provides property operators with a hardware-free, cost-effective visitor entry solution. Guests simply scan the secure QR code to initiate a browser-based video or audio call to residents for property access, eliminating the need for expensive hardwiring, physical entry panels or dedicated app downloads. The system is designed for rapid deployment with no need for traditional intercom hardware, complex wiring or electrical installation. The QR code design enables secure visitor access and entry management to entrances throughout a community including parking areas, garages, auxiliary common areas and for multi-building properties. Virtual Intercom eliminates the upfront costs and reduces typical hardware and installation expenditures by up to 85%. Deep integration with top property management system software enables smooth implementation and automated, real-time access control. "For years, property operators have faced a double standard: intercoms are highly requested by residents, but the per-building hardware and wiring costs can make portfolio-wide installation economically impractical," said Sangeeth Ponathil, Chief Information Officer at SmartRent. "Virtual Intercom removes the hardware bottleneck. By leveraging the smartphone already in a visitor's pocket, we are making secure access affordable for all of a property's entry points while delivering a fast, modern experience for residents and guests." Virtual Intercom removes friction by allowing visitors to connect instantly, without app downloads or registration. * For Visitors: Guests, delivery couriers or service providers scan a property-specific QR code sign at any entry point, and are then taken to a mobile web directory. * Fast Connection: Using WebRTC streaming technology, a connection to the resident is established. * For Residents: Residents receive a push notification within their existing SmartRent mobile app. From there, they can verify their guest's identity and unlock the door or perimeter gate with a single tap. SmartRent will demo Virtual Intercom at the National Apartment Association's (NAA) Apartmentalize conference June 17-19 in New Orleans at Booth #801. Attendees can experience the browser-based entry interface firsthand and speak directly with the team. To learn more about Virtual Intercom, connect with a sales representative or request a custom demo, visit the Virtual Intercom landing page. For broader information on the full suite of SmartRent solutions, please visit SmartRent.com. About SmartRent SmartRent, Inc. (NYSE: SMRT) is a premier enterprise technology platform delivering AI-enabled smart home and property solutions to the rental housing industry. As the only comprehensive provider to unite purpose-built hardware and software under a unified ecosystem, the company's solutions reduce daily operational complexity to elevate resident living, increase net operating income, mitigate property risk and reclaim valuable hours for onsite teams. Trusted by the top names in real estate, SmartRent is executing its Vision 2028 strategic framework to transform an installed base of millions of smart devices and daily users into advanced property intelligence. Learn more at smartrent.com. Media Contact Amanda Chavez - Vice President, Corporate Communications [email protected] Investor Contact Kelly Reisdorf - Head of Investor Relations [email protected] The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar. Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees. Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

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