SmartRent Q1 2026 Earnings Call Summary
SmartRent reported Q1 2026 earnings with a 10% year-over-year increase in IoT installed units to over 911,000 and a 9% rise in Annual Recurring Revenue (ARR) to $1 million. Total revenue declined 6% to $38.7 million, primarily due to reduced non-cash hub amortization revenue and lower hardware sales. Core revenue remained nearly flat at $36.6 million.
Topics: ARR gross profit hardware IoT professional services revenue SaaS