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Wire · opportunities

SMRT Q2 Deep Dive: Margin Expansion and Data Initiatives Signal Strategic Shift

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

opportunities

◆ Sectors

IoT & Edge

◆ Geography

United States

◆ Source

Read at theglobeandmail.com →

◆ Verified

Fusion42 · 30 August 2026 · Fusion42 review

SmartRent reported 4% YoY revenue growth and margin expansion in Q2 2026, driven by SaaS adoption and a growing IoT installed base nearing 930,000 units. The company plans to launch a data and analytics platform leveraging partnerships with Hexaware and Databricks to boost profitability and scale recurring revenue.

This Wire brief sits within Fusion42's coverage of IoT & Edge.

◆ ◆ The Wire takeaway

Your smart home software business just hit a critical scale point that unlocks recurring revenue and margin gains. The upcoming data platform launch backed by Hexaware and Databricks means you should now prioritise operational leverage through analytics.

◆ Coverage

1 source · 6 Aug 2026

◆ Related on Wire

◆ Topics

IoT & Edgeiotsaasmargin-expansiondata-analyticssmart-homepartnerships