Saturday 17 October 2026 Export PHUN’s income statement to Excel — free account

Phunware

Phunware’s revenue for fiscal 2025 (year ended December 2025) was $2.6 million, down 19.9% from fiscal 2024. In the quarter to June 2026, revenue grew 75.6%, EPS fell 62.5%, free cash flow fell 65.8% and total debt fell 79.0%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

2.04 0.04 −1.92%

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Market cap: $42.6M
P/E: 0.0×
Fwd P/E: −3.5×
Dividend yield: —
F-score: 3/9
Altman Z: −2.43
Beneish M: −3.34
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 13.07%

Capital & Financial Ratios $m

Market Cap 42.56

Revenue 2.75

Net Income (12.98)

Free Cash Flow (14.13)

Net Debt (92.04)

Current Ratio 19.84

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (3.46)

P/S ratio 15.15

P/B ratio 0.47

Past 5Y EPS Growth —

This Y EPS Growth 0.00%

Next Y EPS Growth 12.61%

Next Y revenue growth 37.21%

Next 5Y EPS Growth 64.78%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 66.72%

10-year low 10-year high

P/B against its own 10 years 9.75%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4	113	101	92
Receivables	1	0	0	0
Inventory	—	—	—	—
Other	0	0	0	0
	5	114	120	93

	2023	2024	2025	Q'26
Payables	8	4	1	2
ST’ Debt	5	—	—	—
Other	1	1	1	1
	17	6	24	5

Compound Annual Growth %

	10y	5y	3y
Sales	—	(23.90%)	(26.84%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	34.42%	0.00%	57.02%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1	1	—	—	—
’25	1	0	1	1	3
’24	1	1	1	1	3
’23	1	1	1	1	5
’22	7	5	5	(10)	7
’21	2	1	2	5	11
’20	3	2	3	2	10

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(6)	—	—	—
’25	(3)	(3)	(2)	(3)	(12)
’24	(6)	(3)	(2)	(3)	(13)
’23	(7)	(5)	(3)	(3)	(18)
’22	(10)	(5)	(8)	(4)	(27)
’21	(7)	(7)	(5)	(3)	(23)
’20	(2)	(3)	(2)	(4)	(11)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(6)	—	—	—
’25	(3)	(3)	(2)	(3)	(12)
’24	(6)	(3)	(2)	(3)	(13)
’23	(7)	(5)	(3)	(3)	(18)
’22	(10)	(5)	(8)	(4)	(27)
’21	(7)	(7)	(5)	(3)	(23)
’20	(2)	(3)	(2)	(4)	(11)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.16)	(0.26)	—	—	—
’25	(0.18)	(0.16)	(0.12)	(0.11)	(0.57)
’24	(0.33)	(0.32)	(0.25)	(0.06)	(0.94)
’23	(2.00)	(3.00)	(8.00)	(9.09)	(22.18)
’22	(7.50)	(8.50)	(4.00)	(5.50)	(25.50)
’21	(9.50)	(6.00)	0.25	(20.00)	(35.50)
’20	(5.00)	(4.00)	(9.50)	(6.00)	(25.00)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	494.00	499.50	458.00	54.50	27.00	41.00	37.50	3.50	2.85	1.77	Analyst estimates 2026–2028 Powerpack
	High	500.00	514.00	713.00	27,500.00	150.00	1,202.00	193.50	57.50	24.50	6.29
People
People	Employees	—	—	153	93	58	120	106	25	29	26
	Revenue/emp, $m	—	—	0.00	0.21	0.17	0.09	0.06	0.19	0.11	0.10
Income, $m
Income, $m	Revenue	—	—	31	19	10	11	7	5	3	3
	Gross margin, %	—	—	61.78	52.90	66.43	33.95	53.81	34.89	45.59	50.57
	EBT	0	0	(10)	(13)	(22)	(54)	(45)	(42)	(10)	(11)
	EBT margin, %	0.00	0.00	(32.95)	(67.19)	(221.95)	(506.89)	(696.53)	(867.45)	(322.20)	(447.32)
	Net income	0	0	(10)	(13)	(22)	(54)	(51)	(42)	(10)	(11)
	Depreciation	—	—	0	0	2	3	1	26	—	—
Per share, $
Per share, $	Revenue	0.00	0.00	60.42	25.96	11.30	7.05	3.29	2.03	0.29	0.13
	Earnings	(2.15)	(5.61)	(19.18)	(17.50)	(25.00)	(35.50)	(25.50)	(22.18)	(0.94)	(0.57)
	Cash flow	(1.72)	(13.89)	(12.90)	(8.39)	(12.39)	(14.92)	(13.56)	(7.75)	(1.21)	(0.62)
	Capex	0.00	0.00	0.00	(0.02)	0.00	0.00	(0.12)	0.00	0.00	0.00
	Free cash flow	(1.72)	(13.89)	(12.90)	(8.41)	(12.39)	(14.92)	(13.69)	(7.75)	(1.21)	(0.62)
	Book value	119.33	91.41	11.40	5.46	(2.24)	43.26	12.57	(4.81)	9.77	4.77
	Shares, m	0	0	1	1	1	2	2	2	11	20
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	11.80	2.29	5.58	18.64	12.30	2.04	17.89	14.62
	P/B	—	—	62.54	10.90	0.00	3.04	3.22	0.00	0.53	0.39
	EV/Sales	—	—	11.77	2.34	6.02	17.04	13.78	2.46	(15.79)	(22.74)
	EV/FCF	—	—	(28.09)	(7.21)	(5.48)	(8.05)	(3.31)	(0.65)	3.78	4.65
Cash, $m
Cash, $m	Operating cash flow	0	(1)	(7)	(6)	(11)	(23)	(27)	(18)	(13)	(12)
	Capex	—	—	—	0	—	—	0	—	—	—
	Free cash flow	0	(1)	(7)	(6)	(11)	(23)	(27)	(18)	(13)	(12)
Balance, $m
Balance, $m	Working capital	0	(1)	(15)	(18)	(22)	30	(9)	(12)	107	96
	Total debt	—	—	—	1	8	6	12	6	1	0
	Net debt	0	0	(1)	1	4	(17)	10	2	(112)	(100)
	Shareholders’ equity	5	5	6	4	(2)	65	25	(11)	107	96
Returns, %
Returns, %	ROA	(0.13)	(0.43)	(34.64)	(39.04)	(72.92)	(82.44)	(66.59)	(171.48)	(16.98)	(9.68)
	ROIC	(2.03)	(11.04)	(86.08)	(158.50)	(442.23)	(21.85)	(43.51)	0.00	0.00	0.00
	ROE	(3.67)	(6.15)	(181.08)	(261.26)	(2,175.31)	(169.13)	(112.90)	(786.43)	(21.55)	(11.20)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
THRY Thryv Holdings, Inc.	$53.8M	— (loss-making)	39.9×	−28.39% (below 0%: shrinking)	n/m	−23.41% (below 0%: shrinking)	62.74%	(0.76%)	Compare
MAPS WM Technology, Inc.	$51.9M	15.5×	6.7×	−5.35% (below 0%: shrinking)	+100.00% (above 0%: growing)	−57.80% (below 0%: shrinking)	94.05%	5.54%	Compare
FRMM Forum Markets, Incorporated	$49.8M	— (loss-making)	— (loss-making)	—	n/m	+7,830.88% (above 0%: growing)	29.16%	(728.35%)	Compare
IDN Intellicheck Mobilisa, Inc.	$45.4M	13.9×	30.5×	+15.97% (above 0%: growing)	n/m	−42.41% (below 0%: shrinking)	91.30%	9.64%	Compare
PHUN Phunware	$42.6M	— (loss-making)	— (loss-making)	+75.60% (above 0%: growing)	n/m	−65.76% (below 0%: shrinking)	68.96%	(757.07%)
BZAI Blaize Holdings, Inc.	$39.8M	— (loss-making)	—	+504.69% (above 0%: growing)	n/m	−77.46% (below 0%: shrinking)	7.66%	(255.35%)	Compare
JG Aurora Mobile Limited Sponsored ADR	$36.7M	51.4×	3.4×	+18.93% (above 0%: growing)	n/m	−140.52% (below 0%: shrinking)	68.35%	1.61%	Compare
ATHR Aether Holdings, Inc.	$33.0M	— (loss-making)	— (loss-making)	−4.00% (below 0%: shrinking)	n/m	+28.15% (above 0%: growing)	80.38%	(393.58%)	Compare
VTSI VirTra, Inc.	$30.7M	— (loss-making)	— (loss-making)	−17.42% (below 0%: shrinking)	n/m	−210.75% (below 0%: shrinking)	59.27%	(3.25%)	Compare
Median of peers	$42.6M	15.5×	18.6×	−4.00%	—	−50.10%	65.55%	(2.01%)

All 237 Software Application stocks →

Phunware (PHUN) key facts

Concern: Phunware’s revenue for fiscal 2025 (year ended December 2025) was $2.6 million, down 19.9% from fiscal 2024.
Phunware (PHUN) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, PHUN traded at $2.04, a market capitalization of $42.6 million.
Return on equity was −11.2% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −2.43 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.