SmartRent Q2 Core Revenue +14% to $38.4M; Adj. EBITDA $0.7M

SmartRent, Inc. reported strong second quarter 2026 financial results, with Core Revenue increasing 14% to $38.4 million and Total Revenue up 4% to $39.8 million. The company achieved positive Adjusted EBITDA of $0.7 million, an $8.0 million improvement from the prior year, marking its third consecutive quarter of positive Adjusted EBITDA. Net loss improved significantly by 48% to $6 million. SmartRent also announced an expanded share repurchase plan of up to $25 million, having already repurchased 2.8 million shares for $3.4 million during the quarter. The company's installed IoT footprint reached 929,487 units, with trailing twelve-month Units Booked increasing 40%, positioning it to exceed one million installed units in the first half of next year.