SMSI

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Smith Micro Software, Inc.

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Key Metrics

Previous Close: $2.90
52-Week Range: $2.05 – $4.65
Market Cap: $16.60M
P/E (TTM): —
EPS (TTM): -3.20
Dividend Yield: —

Advanced Metrics

Price/Book: 0.83
PEG Ratio: 1.25
Return on Equity: -78.66%
Return on Assets: -32.88%
Gross Margin: 77.50%
Operating Margin: -54.57%
Profit Margin: -92.59%
Current Ratio: 1.45
Debt/Equity: 0.26
Total Debt: $4.46M
Free Cash Flow: $-675.63K
Revenue Growth: -1.80%
Earnings Growth: —
Enterprise Value: $16.63M

SMSI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$48.51M	$40.86M	$20.55M	$17.36M
Cost of Revenue	$14.21M	$10.56M	$6.13M	$4.50M
Gross Profit	$34.30M	$30.30M	$14.43M	$12.86M
Research & Development	$29.39M	$17.14M	$14.09M	$10.72M
Selling, General & Admin	$28.39M	$23.87M	$19.46M	$15.99M
Operating Expenses	$65.23M	$48.36M	$39.83M	$32.10M
Operating Income	-$30.93M	-$18.05M	-$25.40M	-$19.25M
EBITDA	-$18.82M	-$10.66M	-$19.10M	-$13.85M
Pretax Income	-$29.05M	-$24.24M	-$48.71M	-$29.40M
Income Tax	$226.00K	$158.00K	-$13.00K	-$76.00K
Net Income	-$29.28M	-$24.40M	-$48.70M	-$29.33M
Diluted EPS	-21.20	-15.20	-19.70	-7.30
Diluted Shares	1.39M	1.62M	2.47M	4.12M

SMSI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$14.03M	$7.13M	$2.81M	$1.49M
Receivables	$10.50M	$7.91M	$5.72M	$1.82M
Current Assets	$26.51M	$16.88M	$10.00M	$4.53M
Total Assets	$103.58M	$85.58M	$48.05M	$24.97M
Current Liabilities	$20.73M	$7.64M	$5.65M	$6.12M
Total Debt	$13.42M	$3.26M	$2.57M	$2.34M
Total Liabilities	$27.20M	$10.19M	$7.29M	$6.58M
Retained Earnings	-$281.55M	-$305.95M	-$354.64M	-$384.74M
Shareholders' Equity	$76.38M	$75.39M	$40.76M	$18.39M
Working Capital	$5.78M	$9.24M	$4.34M	-$1.59M

SMSI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$19.26M	-$6.97M	-$14.29M	-$7.19M
Capital Expenditure	-$49.00K	-$4.00K	-$20.00K	-$88.00K
Free Cash Flow	-$19.31M	-$6.98M	-$14.31M	-$7.28M
Depreciation & Amortisation	$7.56M	$7.39M	$6.30M	$5.40M
Stock-Based Compensation	$4.95M	$4.83M	$4.50M	$3.61M
Investing Cash Flow	$115.00K	$132.00K	$178.00K	$1.20M
Financing Cash Flow	$17.09M	-$60.00K	$9.80M	$4.68M
Net Change in Cash	-$2.05M	-$6.90M	-$4.32M	-$1.31M

SMSI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$4.62M	$4.42M	$4.35M	$3.97M	$4.22M
Cost of Revenue	$1.26M	$1.17M	$1.14M	$939.00K	$911.00K
Gross Profit	$3.36M	$3.25M	$3.21M	$3.04M	$3.31M
Research & Development	$2.86M	$2.75M	$2.60M	$2.51M	$1.85M
Selling, General & Admin	$4.37M	$4.34M	$3.75M	$3.54M	$3.59M
Operating Expenses	$8.57M	$8.44M	$7.70M	$7.40M	$6.68M
Operating Income	-$5.21M	-$5.19M	-$4.49M	-$4.36M	-$3.37M
EBITDA	-$3.80M	-$3.84M	-$3.12M	$6.77M	-$2.13M
Pretax Income	-$5.18M	-$15.06M	-$4.54M	-$4.63M	-$3.90M
Income Tax	$1.00K	$0.00	$0.00	-$77.00K	$0.00
Net Income	-$5.18M	-$15.06M	-$4.54M	-$4.55M	-$3.90M
Diluted EPS	-1.40	-3.90	-1.25	-1.00	-0.75
Diluted Shares	3.64M	3.88M	4.20M	4.77M	5.14M

SMSI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$2.29M	$1.40M	$1.39M	$1.49M	$1.74M
Receivables	$3.24M	$2.87M	$2.58M	$1.82M	$2.90M
Current Assets	$6.96M	$5.87M	$5.06M	$4.53M	$5.96M
Total Assets	$43.36M	$29.58M	$27.13M	$24.97M	$25.79M
Current Liabilities	$5.67M	$6.27M	$6.52M	$6.12M	$4.36M
Long-Term Debt	—	—	—	—	$1.90M
Total Debt	$2.32M	$2.06M	$2.37M	$2.34M	$3.78M
Total Liabilities	$6.80M	$7.17M	$7.24M	$6.58M	$7.45M
Retained Earnings	-$359.82M	-$374.88M	-$380.05M	-$384.74M	-$388.64M
Shareholders' Equity	$36.56M	$22.41M	$19.89M	$18.39M	$18.34M
Working Capital	$1.29M	-$408.00K	-$1.46M	-$1.59M	$1.61M
Net Debt	—	—	—	—	$159.00K

SMSI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$602.00K	-$2.27M	-$2.14M	-$2.19M	-$3.75M
Capital Expenditure	-$4.00K	-$27.00K	-$21.00K	-$36.00K	-$11.00K
Free Cash Flow	-$606.00K	-$2.29M	-$2.16M	-$2.22M	-$3.76M
Depreciation & Amortisation	$1.35M	$1.35M	$1.35M	$1.35M	$1.25M
Stock-Based Compensation	$1.09M	$1.09M	$645.00K	$781.00K	$586.00K
Investing Cash Flow	-$4.00K	$960.00K	$279.00K	-$36.00K	-$11.00K
Financing Cash Flow	$86.00K	$421.00K	$1.85M	$2.32M	$4.01M
Net Change in Cash	-$520.00K	-$887.00K	-$7.00K	$100.00K	$248.00K

Market Snapshot

About

Smith Micro Software develops software solutions for mobile device management, safety, and wireless connectivity. The company provides family safety applications, mobile device security software, and retail management solutions for wireless carriers and enterprises. Smith Micro serves telecommunications providers and OEMs worldwide with tools that enhance mobile user experiences.