智能租赁公司-A 2025年季度报告

As of May 5, 2025, there were188,178,506shares of the registrant’s Class A Common Stock outstanding, par value $0.0001 per Item 1. Financial Statements (unaudited)Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 Item 4 - Mine Safety DisclosuresItem 5 - Other InformationItem 6 - ExhibitsSignatures This Quarterly Report on Form 10-Q (“Report”) contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended(“Exchange Act”) that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding futureevents or future results and therefore are, or may be deemed to be, “forward-looking statements.” Words such as “believe,” “may,” current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth,strategies, and the markets in which we operate. Forward-looking statements contained in this Report include statements about: •our future financial performance, including our expectations regarding revenue, cost of revenue, operating expenses,capital expenditures, cash flows, and ability to achieve profitability; Recurring Revenue, Average Revenue per Unit, Customer Churn, Property Net Revenue Retention, Customer NetRevenue Retention, Bookings, the number of Units Deployed, New Units Deployed, Units Shipped, and Units Booked; •the impact of macroeconomic conditions and geopolitical events on our business; •our anticipated investments in sales and marketing and research and development; •our recent leadership changes; •our ability to maintain our brand; •our ability to satisfy certain New York Stock Exchange (“NYSE”) listing requirements •our ability to manage our supply chain; technology, or data; •our ability to successfully defend litigation brought against us; •the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; •our expectations regarding our share repurchase program; •our ability to achieve or maintain profitability; •our ability to effectively manage our growth and future expenses; •our investment strategy, business strategy and growth strategy, including the use of acquisitions to grow our business; •management’s plans, beliefs and objectives for future operations;•our expectations about competition and our ability to compete effectively with new and existing competitors in new andexisting markets and offerings; •the impact of our acquisitions and our ability to successfully integrate acquired businesses;•the impact of seasonal factors on our business; •our ability to successfully expand in our existing markets and into new markets;•our ability to maintain the security and availability of our platform and products;•potential harm caused by significant disruptions of service, or the actual or perceived failure of our products to preventsecurity incidents; •our ability to maintain, protect and enhance our intellectual property; 1•our expectations of the impact of, and our ability to comply with existing, modified or new laws and regulations applicableto our business; and we cannot guarantee future results, levels of activity, performance or achievements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including those described in PartII, Item 1A "Risk Factors" of this Report and in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 5, 2025. Moreover, we operate in a very competitive and rapidly changing environment. Newrisks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the effect of all factors onour business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from thosecontained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events The forward-looking statements made in this Report relate only to events as of the date on which the statements were made. Exceptas required by law, we undertake no obligation to update any forward-looking statements for any reason after the date of this Reportor to conform these statements to actual results or to changes in our expectations. You should read this Report and the documentsthat we reference in this Report and have filed as exhibits to this Report with the understanding that our actual future results, levelsof activity, performance and achievements may be materially different from what we expect. We qualify all of our forward-lookingstatements by these cautionary statements. the media and others interested in our company to review the information that we post on our investor relations website.SmartRent, the SmartRent logo and other trade names, trademarks