SmartRent’s Strategic Shift and Financial Progress in Q3 2025
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SmartRent, Inc. reported its Q3 2025 earnings, revealing a strategic shift to a SaaS-focused revenue model with $36.2 million in revenue, an 11% decrease from last year. However, Annual Recurring Revenue rose 7% to $56.9 million, and net loss improved to $6.3 million. The company completed a $30 million cost reduction program, enhancing liquidity with $100 million in cash. Deployed units increased by 11%, totaling over 870,000. Management aims for cash flow neutrality by the end of 2025, focusing on growth and platform enhancements.
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