SmartRent, Inc.

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 4, 2026

SMRT$1.66+4.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

PART I - Financial Information

	As of
	September 30, 2026	December 31, 2025
ASSETS
Current assets
Cash and cash equivalents	$89,215	$104,550
Accounts receivable, net	33,588	47,401
Inventory	20,977	26,670
Deferred cost of revenue, current portion	472	3,068
Prepaid expenses and other current assets	8,979	6,189
Total current assets	153,231	187,878
Property and equipment, net	4,583	5,121
Deferred cost of revenue	-	121
Goodwill	92,339	92,339
Intangible assets, net	16,596	19,501
Other long-term assets	22,393	15,965
Total assets	$289,142	$320,925
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$9,015	$13,012
Accrued expenses and other current liabilities	16,577	14,040
Deferred revenue, current portion	17,618	32,966
Total current liabilities	43,210	60,018
Deferred revenue	20,452	22,968
Other long-term liabilities	5,050	5,800
Total liabilities	68,712	88,786
Commitments and contingencies (Note 11)
Convertible preferred stock, $0.0001 par value; 50,000 shares authorized as of September 30, 2026 and December 31, 2025; no shares of preferred stock issued and outstanding as of September 30, 2026 and December 31, 2025	-	-
Stockholders' equity
Class A common stock, $0.0001 par value; 500,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 189,750 and 189,677 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively	19	19
Additional paid-in capital	654,364	645,051
Accumulated deficit	(434,110)	(413,294)
Accumulated other comprehensive loss	157	363
Total stockholders' equity	220,430	232,139
Total liabilities, convertible preferred stock and stockholders' equity	$289,142	$320,925
See accompanying Notes to Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	For the three months ended September 30,		For the nine months ended September 30,
	2026	2025	2026	2025
Revenue
Hardware	$18,492	$11,506	$47,497	$45,479
Professional services	6,469	7,035	21,138	15,255
Hosted services	16,605	17,661	51,458	55,120
Total revenue	41,566	36,202	120,093	115,854
Cost of revenue
Hardware	13,642	13,836	38,132	40,664
Professional services	6,284	6,800	19,042	20,330
Hosted services	4,531	5,997	14,469	19,061
Total cost of revenue	24,457	26,633	71,643	80,055
Operating expense
Research and development	5,476	6,149	17,204	20,872
Sales and marketing	5,689	4,354	15,360	15,499
General and administrative	10,752	6,093	32,249	34,500
Total operating expense	21,917	16,596	64,813	70,871
Impairment charge	-	-	-	24,929
Loss from operations	(4,808)	(7,027)	(16,363)	(60,001)
Interest income	815	976	2,490	3,380
Interest expense	(84)	(85)	(272)	(277)
Other expense, net	(15)	(78)	(158)	(285)
Loss before income taxes	(4,092)	(6,214)	(14,303)	(57,183)
Income tax (benefit) expense	(180)	56	(302)	131
Net loss	$(3,912)	$(6,270)	$(14,001)	$(57,314)
Other comprehensive loss
Foreign currency translation adjustment	(126)	(6)	(206)	721
Comprehensive loss	$(4,038)	$(6,276)	$(14,207)	$(56,593)
Net loss per common share
Basic and diluted	$(0.02)	$(0.03)	$(0.07)	$(0.30)
Weighted-average number of shares used in computing net loss per share
Basic and diluted	190,922	188,376	191,655	189,835
See accompanying Notes to Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

Convertible Preferred Stock · Class A Common Stock
Shares · Amount (Par Value $0.0001) · Shares · Amount (Par Value $0.0001) · Additional Paid In Capital · Accumulated Deficit · Accumulated other comprehensive income (loss) · Total Stockholders' Equity
Balance, December 31, 2025	-	$	-	189,677	$19	$645,051	$(413,294)	$363	$232,139
Stock-based compensation	-		-	-	-	3,057	-	-	3,057
Issuance of Class A common stock upon vesting of equity awards	-		-	1,974	-	-	-	-	-
Tax withholdings related to net share settlement of equity awards	-		-	(470)	-	(559)	-	-	(559)
ESPP purchases	-		-	118	-	96	-	-	96
Exercise of options	-		-	1,422	-	856	-	-	856
Net loss	-		-	-	-	-	(4,448)	-	(4,448)
Other comprehensive loss	-		-	-	-	-	-	(467)	(467)
Balance, March 31, 2026	-	$	-	192,721	$19	$648,501	$(417,742)	$(104)	$230,674
Stock-based compensation	-		-	-	-	3,233	-	-	3,233
Issuance of Class A common stock upon vesting of equity awards	-		-	2,004	-	-	-	-	-
Tax withholdings related to net share settlement of equity awards	-		-	(430)	-	(170)	-	-	(170)
Repurchases of Class A common stock	-		-	(2,800)	-	-	(3,400)	-	(3,400)
Exercise of options	-		-	116	-	55	-	-	55
Net loss	-		-	-	-	-	(5,641)	-	(5,641)
Other comprehensive income	-		-	-	-	-	-	387	387
Balance, June 30, 2026	-	$	-	191,611	$19	$651,619	$(426,783)	$283	$225,138
Stock-based compensation	-		-	-	-	3,165	-	-	3,165
Issuance of Class A common stock upon vesting of equity awards	-		-	761	-	-	-	-	-
Tax withholdings related to net share settlement of equity awards	-		-	(251)	-	(526)	-	-	(526)
ESPP purchases	-		-	124	-	106	-	-	106
Repurchases of Class A common stock	-		-	(2,495)	-	-	(3,415)	-	(3,415)
Net Loss	-		-	-	-	-	(3,912)	-	(3,912)
Other comprehensive loss	-		-	-	-	-	-	(126)	(126)
Balance, September 30, 2026	-	$	-	189,750	$19	$654,364	$(434,110)	$157	$220,430

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

Convertible Preferred Stock · Class A Common Stock
Shares · Amount (Par Value $0.0001) · Shares · Amount (Par Value $0.0001) · Additional Paid In Capital · Accumulated Deficit · Accumulated other comprehensive (loss) income · Total Stockholders' Equity
Balance, December 31, 2024	-	$	-		192,049		$19		$637,361		$(347,847)		$(98)		$289,435
Stock-based compensation	-		-		-		-		2,836		-		-		2,836
Issuance of Class A common stock upon vesting of equity awards	-		-		906		-		-		-		-		-
Tax withholdings related to net share settlement of equity awards	-		-		(328)		-		(478)		-		-		(478)
ESPP purchases	-		-		140		-		175		-		-		175
Repurchases of Class A common stock	-		-		(1,018)		-		-		(1,202)		-		(1,202)
Net loss	-		-		-		-		-		(40,184)		-		(40,184)
Other comprehensive income	-		-								88		88
Balance, March 31, 2025	-	$	-		191,749		$19		$639,894		$(389,233)		$(10)		$250,670
Stock-based compensation	-		-		-		-		2,161		-		-		2,161
Issuance of common stock upon vesting of equity awards	-		-		438		-		-		-		-		-
Tax withholdings related to net share settlement of equity awards	-		-		(57)		-		(45)		-		-		(45)
Repurchases of Class A common stock	-		-		(4,066)		-		-		(3,716)		-		(3,716)
Net loss	-		-		-		-		-		(10,860)		-		(10,860)
Other comprehensive income	-		-		-		-		-		-		639		639
Balance, June 30, 2025	-	$	-		188,064		$19		$642,010		$(403,809)		$629		$238,849
Stock-based compensation	-		-		-		-		2,084		-		-		2,084
Issuance of common stock upon vesting of equity awards	-		-		1,272		-		-		-		-		-
Tax withholdings related to net share settlement of equity awards	-		-		(268)		-		(374)		-		-		(374)
ESPP purchases	-		-		128		-		110		-		-		110
Repurchases of Class A common stock				-		-		-		19		-		19
Net Loss	-		-		-		-		-		(6,270)		-		(6,270)
Other comprehensive income	-		-		-		-		-		-		(6)		(6)
Balance, September 30, 2025	-	$	-		189,196		$19		$643,830		$(410,060)		$623		$234,412
See accompanying Notes to Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.