SmartRent shared its Q3 2026 earnings, showing a 24% rise in core revenue and improved profit margins.

Nov 4, 2026, 12:11 PM ETResultsRead the original at Benzinga

Good for SMRT

SmartRent's Q3 core sales grew 24%, and its gross margin rose to 41%; it also ended the quarter with $89 million in cash and no debt. Its 1 million-unit goal remains ahead, but the reported growth and cash support a favorable outlook.

SMRT · SmartRent

AI read · Good for SMRT

The AI's read

A larger installed base can give SmartRent more chances to keep customers, sell software, and replace hardware. The company says it has about 942,000 units installed and aims to reach 1 million in the first half of 2027. That goal is still ahead, but recent growth, cash from operations, and the next-quarter sales forecast support a favorable reading.

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