Pricing Log in Create free account
Saturday 17 October 2026 Export PHUN’s income statement to Excel — free account

Phunware

PHUN Technology Software Application

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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (3.46) (negative: loss-making)
P/S ratio 15.15 (above 10: high)
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% (at or above 10%: strong)
Next 5Y EPS Growth 64.78% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is −16.5×, against a ten-year median of 3.9×; over the ten years it ranged from −24.1× in 2025 to 246× in 2019.
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Phunware vs peers in Software Application (Q) = latest quarter vs a year earlier

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.

Phunware (PHUN) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/PHUN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com