Sep 18
Current report
8-K
Events of Sep 17
Director or officer change, or executive pay, Regulation FD disclosure
AI summary on its way
SMSI · Smith Micro Software, Inc.
$2.36
+0.03 (+1.29%)
At close · Nov 4
Return incl. dividend (before tax)
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
5080
Avg daily vol (3M)
20.65K
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$2.33
Open$2.25
Day$2.21–2.44
52W close$2.20–4.55
Avg vol 30d15K
Short int76K · 1.4% of shares · 4.4d
Short vol34%
Last earningsAug 13, 2026
DataJan 2020–Nov 2026
Filing10-Q · Aug 14
Up next
Nov 20, 2026
Est · unconfirmed
· in 2 wks
Latest documents
2026
Aug 14
Quarterly report
10-Q
FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2
AI summary on its way
Revenue $4.34M
▼ 1.8%
Net loss $2.65M
Diluted EPS -$0.52
Aug 13
Aug 13
Jul 10
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$16.88M
Trailing 12 months
Net income (TTM)
−$15.63M
Trailing 12 months
Revenue growth YoY
-1.8%
Year over year
Operating margin
-86.4%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-70.4%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$799,000
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+34.2%
Year over year · more shares
Price change (1Y)
—
Trailing year
Short interest
1.4%
Latest settlement · 4.4 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26
TL;DR. Smith Micro delivered a second consecutive quarter of sequential revenue growth, while gross margin improved to 81.3% and quarterly revenue guidance increased to $5.0–$5.4 million for Q3. However, Q2 revenue remained down 2% year over year, launches and a Tier 1 contract were delayed from Q2 into Q3, and the company continued to report a $2.7 million GAAP net loss.
Bullish
- + Quarterly gross margin rose to 81.3% from 73.5% a year earlier.
- + Q3 revenue guidance is $5.0 million to $5.4 million, up from Q2 revenue of $4.3 million.
- + Non-GAAP operating expenses fell 26% year over year to $4.4 million.
- + Quarterly GAAP net loss narrowed to $2.7 million from $15.1 million in Q2 2025.
- + The company expects two fully contracted new customers to launch by month-end.
Bearish
- − Year-to-date revenue declined 5% to $8.6 million from $9.0 million.
- − New customer launches and a Tier 1 contract extension were delayed from Q2 into Q3.
- − The company funded working-capital requirements through a $1.6 million warrant exercise transaction.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Very High
Market backdrop
VIX 20.8 · elevated
Equity put/call 0.60
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−25%
below
Price vs 50-day avg
−12%
below
RSI (14)
40
neutral
MACD trend
Positive
52-week position
6%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−11%
trailing
6-month return
−44%
trailing
YTD return
−14%
this year
Relative strength
−45%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Flat
1 of 18 funds reported for Sep 30 · net 0 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
1.35% of shares out · ▼ -22.0% MoM · 4.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
18 holders — near 3-yr low, contrarian setup
Squeeze score
39
low risk · 0–100
Fundamentals
Revenue growth
−16%
Y/Y
Gross margin
74%
expanding
EPS growth
+63%
Y/Y
Free cash flow
$-7.3M
Balance sheet
$1.6M
net debt
Quant / Vol
risk profile
Volatility
78%
annualized · 1-yr
Max drawdown
−50%
past year
ATR
6.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Nov 5, 2025
Gross margin
· 2026 (full quarter of cost benefits)
78% – 80%
Prior guidance
period ended
· from the Earnings Call filed Aug 13, 2026
Gross margin
· third quarter of 2026
81% – 83%
Non-GAAP operating expenses
· third quarter of 2026
up to 6%
Guided vs delivered
· last 3 settled
Consolidated revenues
first quarter of 2026
guided $4.2M – $4.5M
$4.22M
In line
Consolidated revenues
fourth quarter of 2025
guided $4.2M – $4.5M
$3.97M
Miss −8.6%
Consolidated revenues
third quarter of 2025
guided $4.5M – $4.8M
$4.35M
Miss −6.5%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−25%
Bearish
Price vs 50-day avg
−12%
Bearish
RSI (14)
40
Neutral
MACD trend
Positive
Bullish
52-week position
6%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 1 of 6
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Flat
1 of 18 funds reported for Sep 30 · net 0 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
1.35% of shares out · ▼ -22.0% MoM · 4.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
18 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $2
Now $2 · 6%
Range high $5
vs 200-day avg -25%
vs 50-day avg -12%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted operating loss non-GAAP | -$817K | the three months ended June 30, 2026 filing | — |
| Shares excluded (anti-dilutive) | 6.62M | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SMSI
this stock
Smith Micro Software, Inc.
|
$13.09M | — | -15.5% | — | 1.4% |
|
SAP
Sap SE
|
$277.94B | -5.2% | — | — | 0.1% |
|
QH
QUHUO Ltd
|
$254.40B | +168.5% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$195.06B | -11.4% | +30.1% | 91.9 | 1.6% |
|
CRM
Salesforce, Inc.
|
$182.87B | -16.1% | +25.9% | 20.3 | 3.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SMSI | +0.9% | -10.7% | -43.9% | +2.6% | -13.7% |
| SPY | -2.0% | -3.2% | +1.6% | -0.2% | +10.6% |
| vs SPY | +2.9% | -7.6% | -45.5% | +2.8% | -24.3% |
Capital returns
Buyback program
· as of Jun 30, 2012
Authorized
shares 5.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.