SmartRent Inc (SMRT)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
$1.20-6.98%
Close 2026-09-09 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
Intact: The reason to own it still holds.
SmartRent aims to reach adjusted EBITDA profitability and positive cash flow in 2026. Revenue is expected to grow about 21.7% next year to around $161 million. The company plans to expand its deployed base and improve platform capabilities using AI. Despite losses, these steps could stabilize and grow the business.
SmartRent is currently loss-making and faces high risk. Recent sharp share price drops show investor concern. The company missed earnings in mid-2025 and lost its CTO. Revenue growth and profitability targets may be missed, risking further declines.
The stock trades about 59% below our fair value near $2.57. Analysts expect roughly 22% revenue growth next year. The market prices in a turnaround but remains cautious given losses and execution risks.
Breaks if: Adjusted EBITDA remains negative through FY26
Breaks if: No meaningful growth in deployed base or platform capabilities in 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story. SMRT is currently loss-making but is focused on achieving adjusted EBITDA profitability and positive cash flow in the near future.
The market appears to price in a justified valuation, suggesting that investors expect some recovery but are cautious given the company's recent weak financial performance compared to peers. There is a low expectations gap, indicating that the market does not anticipate significant surprises.
Management has shown stable execution in some areas, such as expanding IoT units and reducing expenses, but overall financial performance remains weak. The near-term risk is moderate, with a low probability of missing expectations, although industry peers have been struggling.
The thesis hinges on management's ability to achieve profitability targets and the broader tech sector's performance. Key triggers include any guidance cuts in upcoming calls and potential interest rate changes from the Fed.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $150 million in FY26
In the next 1 to 3 years, SMRT's success will depend on its operational execution and external market conditions. Not investment advice.