SmartRent (SMRT) reported second-quarter 2026 total revenue of $39.8 million, up 4% from a year earlier. The company posted a net loss of $5.6 million, compared with a net loss of $10.9 million in the prior-year quarter.
SmartRent said gross margin expanded to 40.7%, and it ended the quarter with about $93 million in cash, no debt and an undrawn $75 million credit facility. The board approved an expanded share repurchase plan of up to $25 million on July 24.
- Total revenue was $39.8 million, while core revenue was $38.4 million, up 14% year over year.
- Annual recurring revenue increased 13% to $64.5 million.
- Net loss per common share, basic and diluted, was $0.03.
- Units deployed reached 929,487 as of June 30, 2026, up 10% year over year.
- SmartRent repurchased 2.8 million shares during the quarter at an aggregate cost of $3.4 million.
$SMRT Insider Trading Activity
$SMRT insiders have traded $SMRT stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SMRT stock by insiders over the last 6 months:
- THOMAS N BOHJALIAN has made 2 purchases buying 225,000 shares for an estimated $343,740 and 0 sales.
- FRANK MARTELL (Chief Executive Officer) has made 3 purchases buying 160,260 shares for an estimated $186,930 and 0 sales.
- SANGEETH PONATHIL (Chief Information Officer) purchased 10,000 shares for an estimated $12,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SMRT Hedge Fund Activity
We have seen 50 institutional investors add shares of $SMRT stock to their portfolio, and 54 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 5,118,096 shares (+1900.9%) to their portfolio in Q1 2026, for an estimated $7,677,144
- MAK CAPITAL ONE LLC removed 3,577,973 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $5,366,959
- DAVIDSON KEMPNER CAPITAL MANAGEMENT LP removed 3,300,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $4,950,000
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added 3,125,595 shares (+163.9%) to their portfolio in Q1 2026, for an estimated $4,688,392
- MARSHALL WACE, LLP added 1,646,601 shares (+41.5%) to their portfolio in Q1 2026, for an estimated $2,469,901
- NORTHERN RIGHT CAPITAL MANAGEMENT, L.P. added 1,506,341 shares (+43.3%) to their portfolio in Q1 2026, for an estimated $2,259,511
- UBS GROUP AG added 1,099,690 shares (+19.6%) to their portfolio in Q1 2026, for an estimated $1,649,535
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
