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Financials · SMSI

Smith Micro Software Inc. (SMSI) financials

For the twelve months ended Jun 30, 2026, Smith Micro Software Inc. reported $16.88M of revenue and -$15.63M of net income.

Revenue, TTM
$16.88M
Revenue growth, YoY
-9.5%
Net income, TTM
-$15.63M
Net margin
-92.6%
Free cash flow, TTM
-$9.09M
EPS, diluted, TTM
-$3.29
Cash
$2.79M
P/S
0.75
Market cap
$12.7M
Annual revenue$17.36M
FY2016FY2025
Annual net income-$29.33M
FY2016FY2025
Annual free cash flow-$7.28M
FY2016FY2025

SMSI revenue and earnings growth

SMSI revenueQ2 2026$4.34M

Quarter YoY
-1.8%
QoQ
+2.8%
FY YoY
-15.5%
5Y CAGR
-19.5%
10Y CAGR
-7.9%

SMSI revenue was $4.34M in fiscal Q2 2026 (ended Jun 30, 2026), down 1.8% from a year earlier and up 2.8% from the prior quarter. For the full fiscal 2025 it was $17.36M, down 15.5% from fiscal 2024. Compound annual growth was -19.5% over 5 years and -7.9% over 10 years. It rose in 4 of the last 10 fiscal years.

SMSI net incomeQ2 2026-$2.65M

SMSI net income was -$2.65M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$15.06M a year earlier. For the full fiscal 2025 it was -$29.33M, compared with -$48.70M in fiscal 2024.

SMSI EPSQ2 2026-$0.52

SMSI diluted EPS was -$0.52 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.88 a year earlier. For the full fiscal 2025 it was -$7.30.

SMSI free cash flowQ2 2026-$943.0K

SMSI free cash flow was -$943.0K in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.29M a year earlier. For the full fiscal 2025 it was -$7.28M, compared with -$14.31M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$17.36M$20.55M$40.86M$48.51M$58.42M$51.30M$43.35M$26.29M$22.97M$28.23M
Cost of revenue$4.50M$6.13M$10.56M$14.21M$12.70M$5.19M$3.93M$4.33M$5.08M$7.56M
Gross profit$12.86M$14.43M$30.30M$34.30M$45.72M$46.11M$39.42M$21.95M$17.89M$20.67M
Research and development$10.72M$14.09M$17.14M$29.39M$26.20M$17.77M$11.68M$8.60M$8.95M$15.91M
Selling, general and admin$10.01M$10.58M$12.78M$15.51M$17.92M$12.80M$9.92M$8.61M$8.55M$10.34M
Operating income-$29.01M-$49.39M-$18.05M-$30.93M-$30.94M$3.52M$10.11M-$1.21M-$5.67M-$15.90M
Interest expense$407.0K-$112.0K--------
Pre-tax income-$29.40M-$48.71M-$24.24M-$29.05M-$30.83M$4.33M$10.80M-$2.73M-$7.21M-$15.57M
Income tax-$76.0K-$13.0K$158.0K$226.0K$215.0K$160.0K$80.0K$13.0K-$546.0K-$229.0K
Net income-$29.33M-$48.70M-$24.40M-$29.28M-$31.04M$4.17M$10.72M-$2.74M-$6.66M-$15.34M
EPS, basic-$7.30-$19.70-$15.05-$21.20-$24.40$4.00$12.40-$5.60-$19.60-$51.20
EPS, diluted-$7.30-$19.70-$15.05-$21.20-$24.40$4.00$11.60-$5.60-$19.60-$51.20
Diluted shares4.1M2.5M1.6M1.4M1.3M1.1M924,775558,050337,225298,775

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.49M$2.81M$7.13M$14.03M$16.08M$25.75M$28.27M$12.16M$2.21M$2.23M
Receivables$1.82M$5.72M$7.91M$10.50M$10.59M$12.35M$10.89M$7.13M$5.14M$4.96M
Inventory---------$12.0K
Current assets$4.53M$10.00M$16.88M$26.51M$28.66M$39.29M$39.96M$20.08M$7.93M$7.92M
Goodwill$0$11.05M$35.04M$35.04M$35.04M$12.27M$7.80M$3.69M$3.69M$3.69M
Total assets$24.97M$48.05M$85.58M$103.58M$114.51M$72.90M$61.20M$25.20M$13.88M$14.31M
Current liabilities$6.12M$5.65M$7.64M$20.73M$9.37M$8.37M$5.72M$3.38M$4.82M$5.51M
Long-term debt----$0-----
Total debt----$0---$3.80M$2.60M
Shareholders' equity$18.39M$40.76M$75.39M$76.38M$100.56M$58.72M$48.68M$20.56M$4.57M$3.06M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$7.19M-$14.29M-$6.97M-$19.26M-$12.92M$7.92M$9.99M-$2.87M-$7.42M-$11.50M
Capital expenditures$88.0K$20.0K$4.0K$49.0K$830.0K$1.32M$1.66M$173.0K$77.0K$500.0K
Free cash flow-$7.28M-$14.31M-$6.98M-$19.31M-$13.75M$6.60M$8.33M-$3.05M-$7.50M-$12.00M
Investing cash flow$1.20M$178.0K$132.0K$115.0K-$57.50M-$14.68M-$5.26M-$173.0K-$77.0K$1.09M
Financing cash flow$4.68M$9.80M-$60.0K$17.09M$60.74M$4.24M$11.38M$13.00M$7.47M$3.82M
Stock-based compensation$3.61M$4.50M$4.83M$4.95M$4.85M-----
Depreciation and amortization$5.40M$6.30M$7.34M$7.56M$1.20M$700.0K$400.0K$500.0K$700.0K$1.20M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-15.5%-49.7%-15.8%-17.0%13.9%18.4%64.9%14.4%-18.6%-28.5%
Net income growth, YoY------61.2%----
EPS growth, YoY------65.5%----
Gross margin74.1%70.2%74.2%70.7%78.3%89.9%90.9%83.5%77.9%73.2%
Operating margin-167.1%-240.3%-44.2%-63.7%-53.0%6.9%23.3%-4.6%-24.7%-56.3%
Net margin-168.9%-236.9%-59.7%-60.4%-53.1%8.1%24.7%-10.4%-29.0%-54.3%
Free cash flow margin-41.9%-69.6%-17.1%-39.8%-23.5%12.9%19.2%-11.6%-32.6%-42.5%
Return on equity-159.5%-119.5%-32.4%-38.3%-30.9%7.1%22.0%-13.3%-145.9%-501.6%
Return on assets-117.4%-101.4%-28.5%-28.3%-27.1%5.7%17.5%-10.9%-48.0%-107.2%
Current ratio0.741.772.211.283.064.696.995.941.651.44
Debt to equity----0.00---0.830.85

Source: XBRL data Smith Micro Software Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-4, first reported Oct 28, 2016; 1-for-8, first reported Aug 5, 2024; 1-for-5, first reported Aug 14, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SMSI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SMSI$16.88M-9.5%-$15.63M-92.6%$12.7M
MSFT$346.44B+17.9%$142.63B41.2%$4.05T
PLTR$7.29B+87.1%$3.67B50.3%$407.69B
ORCL$71.78B+21.6%$18.92B26.4%$362.21B
SAP€36.80B+7.7%€7.16B19.5%$291.67B
CRWD$5.40B+24.3%$58.46M1.1%$234.05B
SHOP$14.17B+32.5%$2.13B15.0%$195.63B
CRM$43.94B+11.2%$9.66B22.0%$176.90B
NOW$15.43B+21.8%$1.45B9.4%$106.66B

SMSI FAQ

9 questions
  • What is SMSI revenue?
    Smith Micro Software Inc. (SMSI) reported $16.88M of revenue for the twelve months ended Jun 30, 2026. That is down 9.5% from the year before. Revenue for fiscal 2025 was $17.36M.
  • Is SMSI profitable?
    No. Smith Micro Software Inc. reported a net loss of $15.63M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does SMSI have?
    Smith Micro Software Inc. reported $2.79M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SMSI revenue growing?
    Smith Micro Software Inc.'s revenue changed -15.5% in fiscal 2025, to $17.36M. Its compound annual growth rate was -19.5% over 5 years and -7.9% over 10 years.
  • What is SMSI gross margin?
    Smith Micro Software Inc.'s gross profit was $13.09M on $16.88M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 77.5%.
  • What is SMSI free cash flow?
    Smith Micro Software Inc. generated -$9.09M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$8.96M less capital expenditures.
  • What is SMSI earnings per share?
    Diluted earnings per share were -$3.29 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SMSI last report financial results?
    The latest statements here come from Smith Micro Software Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this SMSI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Smith Micro Software Inc. files with the SEC. It is provided for information only and is not investment advice.