Smith Micro Software, Inc. financials
Source: EDGAR filings · Built 2026-06-19T01:34:07Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -7.28M | -14.31M | -6.98M | -19.31M | -13.75M | 6.60M |
| EBITDA | -23.61M | -43.09M | -10.71M | -23.37M | -29.74M | 4.22M |
| Working Capital | -1.59M | 4.34M | 9.24M | 5.78M | 19.29M | 30.92M |
| Net Debt | 844.00K | -242.00K | -3.86M | -602.00K | -10.21M | -19.52M |
| Gross Margin | 74.05% | 70.20% | 74.16% | 70.71% | 78.27% | 89.88% |
| Operating Margin | -167.09% | -240.28% | -44.19% | -63.75% | -52.96% | 6.86% |
| Net Margin | -168.91% | -236.91% | -59.70% | -60.35% | -53.14% | 8.12% |
| Return on Equity (ROE) | -159.47% | -119.48% | -32.36% | -38.33% | -30.87% | 7.09% |
| Return on Assets (ROA) | -117.44% | -101.36% | -28.51% | -28.27% | -27.11% | 5.71% |
| Current Ratio | 0.74× | 1.77× | 2.21× | 1.28× | 3.06× | 4.69× |
| Debt-to-Equity | 0.13× | 0.06× | 0.04× | 0.18× | 0.06× | 0.11× |
| Effective Tax Rate | 0.26% | 0.03% | -0.65% | -0.78% | -0.70% | 3.70% |
| Cash Conversion Ratio | 0.25× | 0.29× | 0.29× | 0.66× | 0.42× | 1.90× |
| Accruals Ratio | -0.89× | -0.72× | -0.20× | -0.10× | -0.16× | -0.05× |
| SBC % of Revenue | 20.79% | 21.91% | 11.83% | 10.20% | 8.30% | 5.97% |
| CapEx Coverage | -81.74× | -714.75× | -1743.25× | -393.08× | -15.56× | 5.99× |
| Free Cash Flow Per Share | $-0.35 | $-1.16 | $-0.86 | $-0.35 | $-0.27 | $0.15 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 17.36M | 20.55M | 40.86M | 48.51M | 58.42M | 51.30M |
| Cost of Goods and Services Sold | — | 6.13M | 10.56M | 14.21M | 12.70M | 5.19M |
| Cost of Revenue | 4.50M | 6.13M | — | — | — | — |
| Gross Profit | 12.86M | 14.43M | 30.30M | 34.30M | 45.72M | 46.11M |
| Research and Development Expense | 10.72M | 14.09M | 17.14M | 29.39M | 26.20M | 17.77M |
| Operating Expenses | 41.87M | 63.82M | 48.36M | 65.23M | 76.66M | 42.59M |
| Operating Income (Loss) | -29.01M | -49.39M | -18.05M | -30.93M | -30.94M | 3.52M |
| Income Tax Expense (Benefit) | -76.00K | -13.00K | 158.00K | 226.00K | 215.00K | 160.00K |
| Net Income (Loss) Attributable to Parent | -29.33M | -48.70M | -24.40M | -29.28M | -31.04M | 4.17M |
| Earnings Per Share, Basic | $-1.46 | $-3.94 | $-3.01 | $-0.53 | $-0.61 | $0.10 |
| Weighted Average Number of Shares Outstanding, Basic | 20.61M | 12.37M | 8.12M | 55.42M | 51.23M | 40.81M |
| Earnings Per Share, Diluted | $-1.46 | $-3.94 | $-3.01 | $-0.53 | $-0.61 | $0.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 20.61M | 12.37M | 8.12M | 55.42M | 51.23M | 42.76M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.49M | 2.81M | 7.13M | 14.03M | 16.08M | 25.75M |
| Assets, Current | 4.53M | 10.00M | 16.88M | 26.51M | 28.66M | 39.29M |
| Assets | 24.97M | 48.05M | 85.58M | 103.58M | 114.51M | 72.90M |
| Liabilities, Current | 6.12M | 5.65M | 7.64M | 20.73M | 9.37M | 8.37M |
| Stockholders' Equity Attributable to Parent | 18.39M | 40.76M | 75.39M | 76.38M | 100.56M | 58.72M |
| Common Stock, Shares, Outstanding | 25.80M | 17.67M | 9.35M | 56.20M | 54.26M | 41.23M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -7.19M | -14.29M | -6.97M | -19.26M | -12.92M | 7.92M |
| Payments to Acquire Property, Plant, and Equipment | 88.00K | 20.00K | — | — | — | — |
| Net Cash Provided by (Used in) Investing Activities | 1.20M | 178.00K | 132.00K | 115.00K | -57.50M | -14.68M |
| Net Cash Provided by (Used in) Financing Activities | 4.68M | 9.80M | -60.00K | 17.09M | 60.74M | 4.24M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.76M | -2.22M | -5.06M | -2.90M | -606.00K | -4.93M |
| EBITDA | -2.13M | -3.01M | — | — | -3.86M | -3.04M |
| Working Capital | 1.61M | -1.59M | -1.46M | -408.00K | 1.29M | 4.34M |
| Net Debt | 2.04M | 844.00K | 975.00K | 663.00K | 30.00K | -242.00K |
| Gross Margin | 78.42% | 76.37% | 73.87% | 73.51% | 72.78% | 75.63% |
| Operating Margin | -79.91% | -109.81% | -103.17% | -338.30% | -112.75% | -89.66% |
| Net Margin | -92.32% | -114.57% | -104.32% | -340.77% | -112.05% | -88.35% |
| Return on Equity (ROE) | -21.25% | -24.76% | -22.80% | -67.20% | -14.16% | -10.77% |
| Return on Assets (ROA) | -15.11% | -18.23% | -16.72% | -50.92% | -11.94% | -9.14% |
| Current Ratio | 1.37× | 0.74× | 0.78× | 0.94× | 1.23× | 1.77× |
| Debt-to-Equity | 0.21× | 0.13× | 0.12× | 0.09× | 0.06× | 0.06× |
| Effective Tax Rate | 0.00% | 1.66% | 0.00% | 0.00% | -0.02% | 1.17% |
| Cash Conversion Ratio | 0.96× | 0.48× | 1.10× | 0.19× | 0.12× | 1.12× |
| Accruals Ratio | -0.01× | -0.09× | 0.02× | -0.41× | -0.11× | 0.01× |
| SBC % of Revenue | 13.88% | 19.65% | 65.06% | 49.39% | 23.54% | 19.78% |
| CapEx Coverage | -341.09× | -60.72× | -96.29× | -92.58× | -150.50× | -1642.33× |
| Free Cash Flow Per Share | $-0.15 | $-0.11 | $-0.24 | $-0.15 | $-0.03 | $-0.40 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 4.22M | 3.97M | 4.35M | 4.42M | 4.62M | 4.97M |
| Cost of Goods and Services Sold | — | — | — | — | 1.26M | 1.21M |
| Cost of Revenue | 911.00K | 939.00K | 1.14M | 1.17M | 1.26M | 1.21M |
| Gross Profit | 3.31M | 3.04M | 3.21M | 3.25M | 3.36M | 3.76M |
| Research and Development Expense | 1.85M | 2.51M | 2.60M | 2.75M | 2.86M | 2.76M |
| Operating Expenses | 6.68M | 7.40M | 7.70M | 18.20M | 8.57M | 8.21M |
| Operating Income (Loss) | -3.37M | -4.36M | -4.49M | -14.95M | -5.21M | -4.46M |
| Income Tax Expense (Benefit) | 0 | -77.00K | 0 | 0 | 1.00K | -52.00K |
| Net Income (Loss) Attributable to Parent | -3.90M | -4.55M | -4.54M | -15.06M | -5.18M | -4.39M |
| Earnings Per Share, Basic | $-0.15 | $-0.16 | $-0.25 | $-0.78 | $-0.28 | $0.23 |
| Weighted Average Number of Shares Outstanding, Basic | 25.70M | 20.61M | 20.98M | 19.42M | 18.22M | 12.37M |
| Earnings Per Share, Diluted | $-0.15 | $-0.16 | $-0.25 | $-0.78 | $-0.28 | $0.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 25.70M | 20.61M | 20.98M | 19.42M | 18.22M | 12.37M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.74M | 1.49M | 1.39M | 1.40M | 2.29M | 2.81M |
| Assets, Current | 5.96M | 4.53M | 5.06M | 5.87M | 6.96M | 10.00M |
| Assets | 25.79M | 24.97M | 27.13M | 29.58M | 43.36M | 48.05M |
| Liabilities, Current | 4.36M | 6.12M | 6.52M | 6.27M | 5.67M | 5.65M |
| Stockholders' Equity Attributable to Parent | 18.34M | 18.39M | 19.89M | 22.41M | 36.56M | 40.76M |
| Common Stock, Shares, Outstanding | 25.61M | 25.80M | 21.48M | 19.38M | 19.46M | 17.67M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.75M | -2.19M | -5.01M | -2.87M | -602.00K | -4.93M |
| Payments to Acquire Property, Plant, and Equipment | 11.00K | 36.00K | 52.00K | 31.00K | 4.00K | 3.00K |
| Net Cash Provided by (Used in) Investing Activities | -11.00K | -36.00K | 1.24M | 956.00K | -4.00K | -3.00K |
| Net Cash Provided by (Used in) Financing Activities | 4.01M | 2.32M | 2.36M | 507.00K | 86.00K | 6.23M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SMSI CIK 0000948708),
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us-gaap presentation taxonomy. Filers may re-parent
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.