Key Highlights

  • A 13.28% advance to USD 1.55, seen on 2.731 million shares, appeared in market data with no date attached, so the move has not been confirmed.
  • Revenue for the second quarter of 2026 totaled USD 39.8 million, a 4% gain, while the loss narrowed to USD 5.6 million, USD 5.3 million better than the prior year.
  • Adjusted EBITDA moved into positive territory at USD 0.7 million, a third consecutive profitable quarter on that measure, after a USD 7.3 million shortfall a year before.
  • Annual recurring Revenue rose 13% to USD 64.5 million, and the June 30, 2026 Balance Sheet showed USD 92.7 million of cash and no borrowings.

Third Quarter Results Set for November 4, 2026

On October 14, 2026, SmartRent (NYSE:SMRT) announced that it will publish third quarter numbers before the opening bell on November 4, 2026, and it will host a call led by its chief executive and chief financial officer that day. Because those quarterly figures were unverified at the time of writing, the item is a preview and not a reported result. The company supplies apartment owners and operators with connected home hardware and software, including hubs, locks and management tools. A 13.28% advance to USD 1.55 on 2.731 million shares appeared in market data with no date, so the timing of that move remains uncertain. Recurring Revenue made up close to 40% of second quarter sales, which is why investors also follow that line and progress toward the goal of one million installed units.

Gross Margin Rises as Bookings Climb

The release dated August 5, 2026 showed gross margin at 40.7%, 760 basis points higher and the third straight quarter of improvement. Revenue reached USD 39.8 million, compared with USD 38.3 million the year before. Stripping out hub amortization, the core revenue line gained 14% to USD 38.4 million. Units deployed grew 10% to 929,487, and bookings over the last twelve months rose 40% to 112,560 units. The company bought back 2.8 million shares for USD 3.4 million during the quarter, and its board on July 24, 2026 authorized a plan of up to USD 25 million.

Penny Stock Caution Despite a Sturdier Balance Sheet

At USD 1.55 the shares count as a penny stock, meaning a few trades can shift the quote, spreads may be wide, and a gain recorded before results can fade once the numbers arrive. Management offered no numeric guidance. Its wording instead points to core revenue and profitability in the second half of 2026 being far better than a year earlier, along with installed units passing one million in the first half of 2027. A GAAP loss was still reported, so bookings have to become deployed units to back up those expectations. Cash of USD 92.7 million plus an untapped USD 75 million Credit line limit near-term funding risk, though execution risk persists.

Where Things Stand

The 13.28% advance looks like positioning before the November 4 release rather than a confirmed news event, given that no verified catalyst exists and the snapshot is undated. Going into that report, SmartRent has better margins, three profitable quarters on an adjusted basis and USD 92.7 million of cash with no borrowings. On the other side, sales growth is modest and GAAP results still show a loss. The third quarter numbers will reveal whether margins and bookings kept improving, and the 40.7% gross margin and USD 92.7 million cash figures from the second quarter offer the benchmark.