SmartRent Reports Q3 2026 Growth Driven by Hardware Shipments and Access Control
SmartRent (SMRT) delivered strong third-quarter results for 2026, reporting total revenue of $41.6 million, a 15% increase year-over-year. Core revenue rose 24% to $40.7 million, fueled by significant growth in hardware shipments and access control revenue, which surged 171%. The company also achieved its fourth consecutive quarter of positive Adjusted EBITDA, reaching $1.1 million. Despite macroeconomic caution among multifamily operators regarding capital expenditure, SmartRent saw Annual Recurring Revenue (ARR) grow to $62.9 million. While the company noted some attrition in its Smart Operations solutions and a slight decline in hardware units shipped, improved operating discipline led to a gross margin expansion of 1,470 basis points. Management provided optimistic Q4 guidance, projecting core revenue growth between 20% and 25%.
Topics: EBITDA Gross Margin Expansion Hardware Shipments Revenue Growth SaaS Revenue
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Part of the story Docebo Reports Q3 2026 Growth Driven by Enterprise Demand and Increased Average Contract Value (7 articles)