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

Smith Micro Software, Inc.

Smith Micro Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 15.5% from fiscal 2024. In the quarter to June 2026, revenue fell 1.79%, EPS grew 86.7% and free cash flow grew 61.1%, each against the same quarter a year earlier.

2.37 0.06 +2.60%

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Market cap: $12.9M
P/E: 0.0×
Fwd P/E: −1.8×
Dividend yield: —
F-score: 4/9
Altman Z: n/a
Beneish M: −7.71
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

Total sells 0.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	—	—	—	—	—	—

Insider Ownership 18.27%

Capital & Financial Ratios $m

Market Cap 12.91

Revenue 16.88

Net Income (15.63)

Free Cash Flow (9.04)

Net Debt (0.80)

Current Ratio 1.45

Debt/Equity 0.12

P/E ratio 0.00

Fwd P/E (1.78)

P/S ratio 0.73

P/B ratio 0.71

Past 5Y EPS Growth —

This Y EPS Growth 75.48%

Next Y EPS Growth 76.54%

Next Y revenue growth 12.88%

Next 5Y EPS Growth 76.67%

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 21.53%

10-year low 10-year high

P/B against its own 10 years 19.35%

10-year low 10-year high

EV/Sales against its own 10 years 24.07%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7	3	1	3
Receivables	8	6	2	3
Inventory	—	—	—	—
Other	—	—	—	—
	17	10	5	7

	2023	2024	2025	Q'26
Payables	3	2	2	2
ST’ Debt	—	—	—	—
Other	1	1	1	1
	8	6	6	5

Compound Annual Growth %

	10y	5y	3y
Sales	(7.89%)	(19.48%)	(29.00%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	2.75%	(20.72%)	(37.79%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4	4	—	—	—
’25	5	4	4	4	17
’24	6	5	5	5	21
’23	11	10	11	9	41
’22	13	13	12	11	49
’21	11	16	16	15	58
’20	13	13	13	12	51

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(4)	(1)	—	—	—
’25	(1)	(2)	(2)	(2)	(7)
’24	(1)	(4)	(4)	(5)	(14)
’23	(5)	(2)	2	(1)	(7)
’22	(7)	(5)	(3)	(5)	(19)
’21	4	(2)	1	(15)	(13)
’20	2	2	4	0	8

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(4)	(1)	—	—	—
’25	(1)	(2)	(2)	(2)	(7)
’24	(1)	(4)	(4)	(5)	(14)
’23	(5)	(2)	2	(1)	(7)
’22	(7)	(5)	(3)	(5)	(19)
’21	4	(2)	0	(15)	(14)
’20	1	2	4	0	7

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.75)	(0.52)	—	—	—
’25	(1.40)	(3.90)	(1.25)	(1.00)	(7.30)
’24	(16.40)	(3.30)	(2.70)	(1.25)	(19.70)
’23	(4.40)	(3.60)	(3.20)	(3.60)	(15.20)
’22	(5.20)	(6.00)	(5.20)	(5.60)	(21.20)
’21	(2.80)	(4.00)	(13.60)	(2.80)	(24.40)
’20	2.00	1.20	0.15	0.53	4.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	51.20	32.00	58.00	67.60	131.20	177.20	75.60	26.00	2.60	2.65	Analyst estimates 2026–2028 Powerpack
	High	128.00	136.40	118.40	276.00	286.00	322.00	200.40	138.80	37.60	9.75
People
People	Employees	173	161	153	198	255	373	315	231	164	118
	Revenue/emp, $m	0.16	0.14	0.17	0.22	0.20	0.16	0.15	0.18	0.13	0.15
Income, $m
Income, $m	Revenue	28	23	26	43	51	58	49	41	21	17
	Gross margin, %	73.21	77.88	83.52	90.94	89.88	78.27	70.71	74.16	70.20	74.05
	EBT	(16)	(7)	(3)	11	4	(31)	(29)	(24)	(49)	(29)
	EBT margin, %	(55.15)	(31.37)	(10.37)	24.92	8.43	(52.77)	(59.89)	(59.32)	(236.97)	(169.34)
	Net income	(15)	(7)	(3)	11	4	(31)	(29)	(24)	(49)	(29)
	Depreciation	2	1	1	1	4	9	8	13	6	6
Per share, $
Per share, $	Revenue	94.49	68.13	47.10	50.24	50.28	45.61	35.01	25.18	8.31	4.21
	Earnings	(48.40)	(19.60)	(5.60)	12.40	4.00	(24.40)	(21.20)	(15.20)	(19.70)	(7.30)
	Cash flow	(38.50)	(22.00)	(5.15)	11.58	7.77	(10.08)	(13.90)	(4.30)	(5.78)	(1.75)
	Capex	(1.67)	(0.23)	(0.31)	(1.49)	(0.94)	(0.50)	(0.04)	0.00	0.07	(0.02)
	Free cash flow	(40.17)	(22.23)	(5.46)	10.08	6.83	(10.58)	(13.94)	(4.30)	(5.71)	(1.77)
	Book value	10.24	13.54	36.84	56.43	57.55	78.51	55.12	46.45	16.48	4.46
	Shares, m	0	0	1	1	1	1	1	2	2	4
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	12.78	56.03	0.00	0.00	0.00	0.00	0.00
	P/S	0.72	1.64	1.53	3.17	4.31	4.31	2.56	1.40	0.79	0.64
	P/B	6.64	8.27	1.95	2.82	3.77	2.51	1.63	0.76	0.40	0.61
	EV/Sales	0.73	1.67	1.18	2.54	3.90	4.12	2.33	1.27	0.74	0.66
	EV/FCF	(1.72)	(5.11)	(10.17)	13.20	27.29	(18.26)	(6.04)	(8.09)	(1.08)	(1.61)
Cash, $m
Cash, $m	Operating cash flow	(12)	(7)	(3)	10	8	(13)	(19)	(7)	(14)	(7)
	Capex	0	0	0	(1)	(1)	(1)	0	0	0	0
	Free cash flow	(12)	(7)	(3)	9	7	(14)	(19)	(7)	(14)	(7)
Balance, $m
Balance, $m	Working capital	2	3	17	34	31	19	6	9	4	(2)
	Total debt	3	3	—	1	5	4	3	—	—	—
	Net debt	0	1	(12)	(27)	(26)	(16)	(14)	(7)	(3)	(1)
	Shareholders’ equity	3	5	21	49	59	101	76	75	41	18
Returns, %
Returns, %	ROA	(79.13)	(47.27)	(14.02)	24.54	6.21	(33.13)	(26.85)	(25.79)	(72.89)	(82.44)
	ROIC	(290.66)	(69.26)	(9.03)	29.65	6.68	(22.89)	(31.00)	(16.53)	(81.34)	(107.31)
	ROE	(179.61)	(174.69)	(21.81)	30.62	7.76	(38.98)	(33.10)	(32.15)	(83.85)	(101.77)

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
YAAS Youxin Technology Ltd	$16.2M	—	—	—	—	−95.02% (below 0%: shrinking)	—	—	Compare
IDAI T Stamp Inc.	$15.9M	— (loss-making)	— (loss-making)	+10.73% (above 0%: growing)	n/m	−205.91% (below 0%: shrinking)	53.49%	(266.39%)	Compare
IPM Intelligent Protection Management Corp.	$15.5M	— (loss-making)	— (loss-making)	+12.93% (above 0%: growing)	n/m	+42.70% (above 0%: growing)	41.33%	(23.40%)	Compare
RPGL Republic Power Group Limited	$13.9M	—	—	—	—	−1,728.88% (below 0%: shrinking)	—	—	Compare
AHI Advanced Human Imaging Limited Sponsored ADR	$13.2M	— (loss-making)	— (loss-making)	+307.96% (above 0%: growing)	n/m	−21.40% (below 0%: shrinking)	0.00%	0.00%	Compare
SMSI Smith Micro Software, Inc.	$12.9M	— (loss-making)	— (loss-making)	−1.79% (below 0%: shrinking)	n/m	+61.05% (above 0%: growing)	81.32%	(54.57%)
FUSE Fusemachines Inc.	$12.3M	— (loss-making)	—	—	n/m	−432.02% (below 0%: shrinking)	53.68%	(149.94%)	Compare
PSQH PSQ Holdings, Inc.	$11.4M	— (loss-making)	— (loss-making)	+107.83% (above 0%: growing)	n/m	+63.26% (above 0%: growing)	57.96%	(67.15%)	Compare
SAGT SAGTEC GLOBAL LIMITED	$10.6M	—	—	—	—	+393.44% (above 0%: growing)	—	—	Compare
Median of peers	$13.5M	—	—	+60.38%	—	−58.21%	53.49%	(67.15%)

All 237 Software Application stocks →

Smith Micro Software, Inc. (SMSI) key facts

Concern: Smith Micro Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 15.5% from fiscal 2024.
Smith Micro Software, Inc. (SMSI) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, SMSI traded at $2.37, a market capitalization of $12.9 million.
Return on equity was −101.8% and debt-to-equity 0.12.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.