Toronto, Ontario–(Newsfile Corp. – April 23, 2026) – Eddy Smart Home Solutions Ltd. (TSXV: EDY) (“Eddy” or the “Company”) is pleased to announce its financial results for the three and twelve months ended December 31, 2025.
2025 Highlights
Note from Eddy’s President
“Eddy delivered strong operational performance in 2025, expanding in-building device installations and increasing annualized recurring revenue year over year. These results reflect continued platform adoption and the scalability of our subscription model. Our U.S. expansion was the defining highlight of the year, with new contract execution rising significantly compared to 2024, driven by targeted investment in our sales team and growing recognition of Eddy as a leading leak detection solution in the multi-family and new construction sectors. We enter 2026 with a stronger balance sheet, an expanding footprint, and a clear strategy to accelerate our position across the North American market.”
-Cory Silver, President, Eddy Smart Home Solutions Ltd.
Growth in In-Building Devices
A key operating metric of the Company’s progress and underlying value is the growth in in-building device installations, which reflects the continued deployment of smart water metering equipment and supports future revenue generation.
Eddy has increased the number of in-building devices by 20%, from 109,816 as of December 31, 2024, to 131,838 as of December 31, 2025. This significant growth is expected to drive additional revenue and highlights the increasing market acceptance of Eddy’s technology and significant market traction.
Strong Growth in Monthly Recurring Revenue
Average monthly recurring revenue grew 19% year-over-year to $282,334 in 2025, compared to $238,192 in 2024, representing an annualized recurring revenue run-rate of approximately $3.4 million, and consistent with the Company’s 20% growth in in-building devices. In Q4 2025 alone, average monthly recurring revenue reached $289,917 (Q4 2024 – $262,374).
Operational Revenue
Operational revenue is a non-IFRS measure that represents total billings under customer contracts, including monthly monitoring subscriptions, equipment rentals and sales, project management services, and installation activities.
For the three months ended December 31, 2025, operational revenue increased by $247,391, or 14%, to $2,001,500, compared to $1,754,109 for the same period in 2024.
For the year ended December 31, 2025, operational revenue increased by $1,309,391, or 18%, to $8,552,566, compared to $7,243,175 in 2024.
