SmartRent shares surge 13.96% after-hours on better-than-expected Q4 results, ARR growth, and EBITDA profit turn.

SmartRent surged 14.0% in after-hours trading following the release of better-than-expected fourth-quarter earnings results. The proptech company reported a 3% revenue increase to $36.5 million, with annual recurring revenue (ARR) rising 13% to $61.6 million, now accounting for 42% of total revenue. Notably, SmartRent transitioned from an adjusted EBITDA loss of $7.4 million to a $0.2 million profit, while GAAP losses narrowed significantly. Management highlighted growth in deployed units (+24% to 25,634) and plans to leverage AI and expand platform capabilities, signaling operational progress. The stock, which has traded as a penny stock since its 2021 SPAC debut, reacted positively to improved profitability metrics and signs of long-term business stabilization, despite lacking near-term guidance.