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Revenue Performance
Profitability and Margins
Operational Highlights
SmartRent’s strategic shift toward a recurring, software-centric business model yielded tangible financial stability by year-end. The company generated positive cash flow during the fourth quarter, concluding 2025 with $104.6 million in cash and cash equivalents, an increase of $4.5 million from the end of the third quarter. The balance sheet remains highly liquid and debt-free, further bolstered by a fully undrawn $75 million credit facility. Additionally, management confirmed the execution of strategic share repurchases under its active $50 million authorization program, reflecting continued confidence in the company’s turnaround trajectory and long-term capital allocation strategy.
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