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Stock impact report

SmartRent: Is The Market Ignoring The SaaS Transformation? [Seeking Alpha]

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: Seeking Alpha
Q3 2025 saw SaaS revenues rise to 39% of total income, improved EBITDA, and a 36% reduction in net losses, signaling progress toward profitability. SMRT's $100 million cash balance, zero debt, and $75 million undrawn credit provide robust liquidity, supporting its transition and limiting downside risk. At a 1.5x EV/revenue multiple and 30% potential upside if re-rated to 2x, SMRT appears undervalued versus profitable peers, contingent on SaaS execution. Yagi Studio/DigitalVision via Getty Images SmartRent ( SMRT) is a leading company in providing smart home solutions as it offers smart software and devices. It also enables homeowners to have comprehensive visibility and full control over their real estate assets. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my o Show less Read more
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