Revenue and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue

In the following tables, revenue is disaggregated by primary geographical market, type of revenue, and SmartRent solution.


		For the three months ended June 30,								For the six months ended June 30,
		2026				2025				2026				2025
Revenue by geography
United States		$	39,844			$	38,288			$	78,465			$	79,608
International			-				20				62				44
Total revenue		$	39,844			$	38,308			$	78,527			$	79,652


		For the three months ended June 30,								For the six months ended June 30,
		2026				2025				2026				2025
Revenue by type
Hardware		$	13,624			$	15,143			$	29,005			$	33,973
Professional services			8,636				4,327				14,669			$	8,220
Hosted services			17,584				18,838				34,853			$	37,459
Total revenue		$	39,844			$	38,308			$	78,527			$	79,652


		For the three months ended June 30,																										For the six months ended June 30,
		2026													2025													2026													2025
		(dollars in thousands)																										(dollars in thousands)

SmartRent Solutions(1)		Hardware			Professional Services			Hosted Services			Total 2026				Hardware			Professional Services			Hosted Services			Total 2025				Hardware			Professional Services			Hosted Services			Total 2026				Hardware			Professional Services			Hosted Services			Total 2025
Smart Communities Solutions
Smart Apartments		$	12,283		$	7,567		$	13,488		$	33,338			$	13,558		$	3,807		$	14,609		$	31,974			$	26,654		$	12,474		$	26,590		$	65,718			$	31,255		$	6,801		$	29,024		$	67,080
Access Control			1,051			907			770			2,728				1,193			267			614			2,074				1,757			1,833			1,513			5,103				1,832			743			1,145			3,720
Other			290			162			1,032			1,484				392			253			990			1,635				594			362			2,054			3,010				886			676			1,866			3,428
Smart Operations Solutions			-			-			2,294			2,294				-			-			2,625			2,625				-			-			4,696			4,696				-			-			5,424			5,424
Total Revenue		$	13,624		$	8,636		$	17,584		$	39,844			$	15,143		$	4,327		$	18,838		$	38,308			$	29,005		$	14,669		$	34,853		$	78,527			$	33,973		$	8,220		$	37,459		$	79,652

(1) For the three and six months ended June 30, 2026, the Company revised the presentation of the above table by aggregating Community WiFi revenue in Other as revenue from the Company's Community WiFi solution is becoming less significant. The revised presentation has been applied retrospectively for the comparative periods ended June 30, 2025. For the three months ended June 30, 2026 and 2025, total revenue attributable to Community WiFi was $262 and $304, respectively. For the six months ended June 30, 2026 and 2025, total revenue attributable to Community WiFi was $452 and $718, respectively. For the three months ended June 30, 2025, revenue attributable to Community WiFi was $54 related to Hardware, $41 related to Professional Services and $209 related to Hosted Services. For the six months ended June 30, 2025, revenue attributable to Community WiFi was $57 related to Hardware, $259 related to Professional Services and $402 related to Hosted Services.

Summary of Deferred Revenue, by Arrangement, Disclosure

A summary of the change in deferred revenue is as follows.


		For the six months ended June 30,
		2026				2025
Deferred revenue balance as of January 1		$	55,934			$	87,659
Revenue recognized from balance of deferred revenue at the beginning of the period			(11,075	)			(21,448	)
Revenue deferred during the period			1,546				6,187
Revenue recognized from revenue originated and deferred during the period			(117	)			(807	)
Deferred revenue balance as of March 31			46,288				71,591
Revenue recognized from balance of deferred revenue at the beginning of the period			(8,885	)			(8,454	)
Revenue deferred during the period			2,709				6,202
Revenue recognized from revenue originated and deferred during the period			(443	)			(2,982	)
Deferred revenue balance as of June 30			39,669				66,357