Revenue and Deferred Revenue (Tables)

9 Months Ended

Sep. 30, 2025

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 September 30,				For the nine months ended September 30,
	2025		2024		2025		2024
Revenue by geography
United States	$	36,097	$	40,030	$	115,705	$	138,183
International		105		480		149		1,334
Total revenue	$	36,202	$	40,510	$	115,854	$	139,517
	For the three months ended September 30,				For the nine months ended September 30,
	2025		2024		2025		2024
Revenue by type
Hardware	$	11,506	$	18,707	$	45,479	$	72,460
Professional services		7,035		3,308		15,255	$	12,582
Hosted services		17,661		18,495		55,120	$	54,475
Total revenue	$	36,202	$	40,510	$	115,854	$	139,517

	For the three months ended September 30,																	For the nine months ended September 30,
	2025								2024									2025								2024
	(dollars in thousands)																	(dollars in thousands)
SmartRent Solutions	Hardware		Professional Services		Hosted Services		Total 2025		Hardware			Professional Services		Hosted Services		Total 2024		Hardware		Professional Services		Hosted Services		Total 2025		Hardware			Professional Services			Hosted Services		Total 2024
Smart Communities Solutions
Smart Apartments	$	10,182	$	6,137	$	13,599	$	29,918	$	16,569		$	2,387	$	14,445	$	33,401	$	41,437	$	12,938	$	42,623	$	96,998	$	66,119		$	9,558		$	42,661	$	118,338
Access Control		736		502		501		1,739		1,034			415		477		1,926		2,568		1,245		1,646		5,459		2,920			1,935			1,217		6,072
Community WiFi		94		164		192		450		146			300		181		627		151		423		594		1,168		291			537			521		1,349
Other		494		232		737		1,463		963			206		575		1,744		1,323		649		2,201		4,173		3,136			607			1,504		5,247
Smart Operations Solutions		-		-		2,632		2,632		(5	)		-		2,817		2,812		-		-		8,056		8,056		(6	)		(55	)		8,572		8,511
Total Revenue	$	11,506	$	7,035	$	17,661	$	36,202	$	18,707		$	3,308	$	18,495	$	40,510	$	45,479	$	15,255	$	55,120	$	115,854	$	72,460		$	12,582		$	54,475	$	139,517

Summary of Deferred Revenue, by Arrangement, Disclosure

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

	For the nine months ended September 30,
	2025			2024
Deferred revenue balance as of January 1	$	87,659		$	123,159
Revenue recognized from balance of deferred revenue       at the beginning of the period		(21,448	)		(8,656	)
Revenue deferred during the period		6,187			7,075
Revenue recognized from revenue originated      and deferred during the period		(807	)		(2,010	)
Deferred revenue balance as of March 31		71,591			119,568
Revenue recognized from balance of deferred revenue       at the beginning of the period		(8,454	)		(8,914	)
Revenue deferred during the period		6,202			4,244
Revenue recognized from revenue originated      and deferred during the period		(2,982	)		(3,040	)
Deferred revenue balance as of June 30		66,357			111,858
Revenue recognized from balance of deferred revenue       at the beginning of the period		(7,321	)		(16,269	)
Revenue deferred during the period		847			10,825
Revenue recognized from revenue originated      and deferred during the period		(1,127	)		(6,442	)
Deferred revenue balance as of September 30	$	58,756		$	99,972