SmartRent Inc-A 2026年季度报告

6811 E. Mayo Blvd., 4th FloorPhoenix, Arizona(Address of Principal Executive Offices) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered SMRT Class A Common Stock, $0.0001 par value The New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☒Smaller reporting company☐Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As of May 4, 2026, there were 192,838,069 shares of the registrant’s Class A Common Stock outstanding, par value $0.0001 pershare. TABLE OF CONTENTS PART I - Financial Information3Item 1 - Financial Statements (unaudited)3Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations and Comprehensive Loss for the three monthsended March 31, 2026 and 20254Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity for thethree months ended March 31, 2026 and 20255Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and20256Notes to the Condensed Consolidated Financial Statements (Unaudited)8Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations29Item 3 - Quantitative and Qualitative Disclosures About Market Risk46Item 4 - Controls and Procedures46 PART II - Other InformationItem 1 - Legal ProceedingsItem 1A - Risk FactorsItem 2 - Unregistered Sales of Equity Securities and Use of ProceedsItem 3 - Defaults Upon Senior SecuritiesItem 4 - Mine Safety DisclosuresItem 5 - Other InformationItem 6 - ExhibitsSignatures CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 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,”“will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “potentially,” “preliminary,” “likely,” “aim”and similar expressions, and the negatives of these expressions, are intended to identify forward-looking statements. Forward-looking statements appear in a number of places throughout this Report and include statements regarding our intentions, beliefs, orcurrent 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: 1•our future financial performance, including our expectations regarding revenue, cost of revenue, operating expenses,capital expenditures, cash flows, and ability to achieve profitability;•our future operational performance, including our expectations regarding our metrics, including, among others, AnnualRecurring 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 ability to attract new customers, sell into new and existing markets, upsell customers, and develop new products;•our