SMSI · Smith Micro Software, Inc. · Financials
$2.35
+0.02 (+0.86%)
At close · Nov 4
Return incl. dividend (before tax)
Play latest call
Q2 2026 earnings call transcript
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“certain conditions in the Company's evaluation, considered in the aggregate, have raised substantial doubt about the Company's ability to continue as a going concern within one year from the date that the financial statements are issued, which has not been alleviated.”View the 10-Q filed Aug 14, 2026
Market Cap
$13.09M
Shares
5.59M
Volume · Nov 4
5874
Avg daily vol (3M)
20.65K
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$17.36M
-15.5%
FY2025
Net Income
-$29.33M
+39.8%
FY2025
Gross Margin
74.05%
+3.8pp
FY2025
Operating Margin
-167.09%
+73.2pp
FY2025
Diluted EPS
-$7.30
+62.9%
FY2025
Operating Cash Flow
-$7.19M
+49.7%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $16.88M | $17.36M | $20.56M | $40.86M | $48.51M | $58.42M | $51.3M | $43.35M | $26.29M | $22.97M | $28.24M | $39.51M | $36.98M | $42.68M | $43.33M | $57.77M | $130.5M | $107.28M | |
| — | — | — | -$6.35M | -$2.68M | $34K | $96K | $228K | -$472K | -$1.12M | -$313K | $1000 | -$5000 | — | — | — | — | — | |
| $3.8M | $4.51M | $6.13M | $10.56M | $14.21M | $12.7M | $5.19M | $3.93M | $4.33M | $5.08M | $7.56M | $8.15M | $9.32M | $9.71M | $8.45M | $13.76M | $15.51M | $15.49M | |
| $13.09M | $12.86M | $14.43M | $30.3M | $34.3M | $45.72M | $46.11M | $39.42M | $21.95M | $17.89M | $20.67M | $31.36M | $27.66M | $32.97M | $34.88M | $44.01M | $114.99M | $91.79M | |
| — | 74.05% | 70.2% | 74.16% | 70.71% | 78.27% | 89.88% | 90.94% | 83.52% | 77.88% | 73.21% | 79.37% | 74.8% | 77.25% | 80.5% | 76.18% | 88.12% | 85.56% | |
| $8.33M | $10.72M | $14.09M | $17.15M | $29.39M | $26.2M | $17.77M | $11.68M | $8.6M | $8.95M | $15.91M | $13.86M | $14.19M | $21.31M | $24.77M | $41.71M | $42.76M | $36.53M | |
| $5.38M | $5.98M | $8.88M | $11.09M | $12.88M | $11.58M | $9.1M | $7.52M | $5.78M | $6.19M | $9.62M | $8.9M | $9.56M | $15.68M | $16.67M | $26.59M | $29.71M | $25M | |
| $8.73M | $10.01M | $10.58M | $12.78M | $15.51M | $17.92M | $12.8M | $9.92M | $8.61M | $8.55M | $10.34M | $11.13M | $13.22M | $18.22M | $20.21M | $25.28M | $24.15M | $19.16M | |
| $4.9M | $5.1M | $5.9M | $6.8M | $6.3M | $8.1M | $2.92M | $900K | $200K | $300K | $200K | — | — | — | — | — | — | — | |
| $5.24M | $5.4M | $6.3M | $7.35M | $7.56M | $1.2M | $700K | $400K | $500K | $700K | $1.2M | $1.9M | $2.9M | $4M | $4.43M | $10.18M | $11.78M | $10.54M | |
| — | — | — | — | — | — | $19K | $194K | $173K | -$123K | $303K | — | $2.44M | $5.6M | $238K | $3.18M | — | — | |
| $27.68M | $41.87M | $63.82M | $48.36M | $65.23M | $76.66M | $42.59M | $29.31M | $23.17M | $23.57M | $36.58M | $33.89M | $39.4M | $60.8M | $61.88M | $209.67M | $96.61M | $80.68M | |
| -$14.59M | -$29.01M | -$49.39M | -$18.06M | -$30.93M | -$30.94M | $3.52M | $10.11M | -$1.21M | -$5.67M | -$15.91M | -$2.54M | -$11.74M | -$27.83M | -$27M | -$165.67M | $18.38M | $11.11M | |
| — | -167.09% | -240.28% | -44.19% | -63.75% | -52.96% | 6.86% | 23.31% | -4.62% | -24.7% | -56.33% | -6.42% | -31.75% | -65.21% | -62.32% | -286.78% | 14.08% | 10.36% | |
| -$9.35M | -$23.61M | -$43.09M | -$10.71M | -$23.37M | -$29.74M | $4.22M | $10.51M | -$714K | -$4.97M | -$14.71M | -$638K | -$8.84M | -$23.83M | -$22.57M | -$155.49M | $30.16M | $21.65M | |
| $1.11M | $407K | -$112K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$689K | -$153K | $680K | -$52K | -$115K | $76K | -$3000 | -$14K | -$26K | -$8000 | -$22K | $4000 | -$8000 | $30K | $94K | $131K | $130K | $381K | |
| -$15.71M | -$29.4M | -$48.71M | -$24.24M | -$29.05M | -$30.83M | $4.33M | $10.8M | -$2.73M | -$7.21M | -$15.57M | -$2.53M | -$11.75M | -$27.8M | -$25.7M | -$165.54M | $18.51M | $11.49M | |
| -$77K | -$76K | -$13K | $158K | $226K | $215K | $160K | $80K | $13K | -$546K | -$229K | $68K | $49K | $153K | -$234K | -$5.93M | $6.17M | $6.74M | |
| -$15.63M | -$29.33M | -$48.7M | -$24.4M | -$29.28M | -$31.04M | $4.17M | $10.72M | -$2.74M | -$6.66M | -$15.34M | -$2.6M | -$11.8M | -$27.95M | -$25.46M | -$159.61M | $12.35M | $4.75M | |
| — | -168.91% | -236.91% | -59.7% | -60.35% | -53.14% | 8.12% | 24.74% | -10.42% | -28.99% | -54.34% | -6.59% | -31.91% | -65.5% | -58.77% | -276.29% | 9.46% | 4.43% | |
| — | -$30.1M | -$48.7M | — | — | — | $4.17M | $10.6M | -$3.14M | -$6.66M | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | $10.72M | -$2.74M | -$6.66M | -$15.34M | -$2.6M | -$11.8M | -$27.95M | -$25.44M | -$159.63M | $12.34M | $4.68M | |
| USD/shares | -$3.29 | -$7.30 | -$19.70 | -$15.05 | -$21.20 | -$24.40 | $4.00 | $12.40 | -$5.60 | -$19.60 | -$51.20 | -$9.20 | -$46.40 | -$30.40 | -$28.40 | -$179.20 | $14.40 | $6.00 |
| USD/shares | -$3.29 | -$7.30 | -$19.70 | -$15.05 | -$21.20 | -$24.40 | $4.00 | $11.60 | -$5.60 | -$19.60 | -$51.20 | -$9.20 | -$46.40 | -$30.40 | -$28.40 | -$179.20 | $14.40 | $5.60 |
| shares | — | 4.12M | 2.47M | 1.62M | 1.39M | 1.28M | 1.02M | 862.83K | 558.05K | 337.23K | 298.78K | 287.15K | 254.05K | 924.55K | 896.23K | 890.43K | 855.1K | 810.95K |
| shares | — | 4.12M | 2.47M | 1.62M | 1.39M | 1.28M | 1.07M | 924.78K | 558.05K | 337.23K | 298.78K | 287.15K | 254.05K | 924.55K | 896.23K | 890.43K | 865.38K | 822.43K |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of notes payable | 2026-06-30 | USD 0 | 10-Q filed 2026-08-14 |
| Noncurrent convertible debt | 2026-06-30 | USD 1,996,000 | 10-Q filed 2026-08-14 |
| Operating lease liabilities | 2026-06-30 | USD 2,468,000 | 10-Q filed 2026-08-14 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
0.73×
Peer median 0.99×
EV/EBIT
—
Peer median 11.00×
P/E (TTM)
—
Peer median 19.17×
Price/Sales (TTM)
0.78×
Peer median 1.15×
Price/Book
0.76×
Peer median 1.05×
Peer medians compare against the 95 similar-size Software - Application companies (of 256 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Reportable Segment | $20,555,000 | $40,862,000 | — | — | — | — |
| Wireless Business Segment | — | — | $48,513,000 | $58,422,000 | $50,671,000 | $42,604,000 |
By Geography (USD)
| Component | FY2025 | FY2024 |
|---|---|---|
| Americas | $17,307,000 | $20,017,000 |
| EMEA | $56,000 | $538,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Family Safety | $14,121,000 | — | — | $39,798,000 | $41,019,000 | — | — |
| Cloud Based Usage Fees | $11,029,000 | $13,923,000 | $33,643,000 | $38,182,000 | $38,415,000 | $25,973,000 | $20,011,000 |
| License And Service | $3,168,000 | $3,122,000 | $3,216,000 | $3,807,000 | $3,730,000 | $3,575,000 | — |
| Hosted Environment Usage Fees | $3,110,000 | $2,956,000 | $2,833,000 | $4,852,000 | $13,770,000 | $18,209,000 | $19,517,000 |
| Commsuite | $3,100,000 | — | — | $4,846,000 | $13,717,000 | $18,163,000 | $18,713,000 |
| Viewspot | $142,000 | — | — | $3,869,000 | $3,569,000 | $4,239,000 | $4,229,000 |
| Consulting Services and Other | $56,000 | $554,000 | $1,170,000 | $1,672,000 | $2,507,000 | $3,543,000 | $3,076,000 |
| Netwise | — | — | — | — | $117,000 | $151,000 | $1,642,000 |
| Other Product | — | — | — | $0 | $117,000 | $91,000 | $238,000 |
| SafePath | — | — | — | — | $40,981,000 | $28,027,000 | $17,782,000 |
| Software | — | — | — | — | — | $629,000 | $742,000 |