stockrow
Sunday 8 November 2026
Export SMSI’s income statement to Excel — free account
Smith Micro Software, Inc.
SMSI Technology Software Application
Smith Micro Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 15.5% from fiscal 2024.
- Revenue
- −1.79%
- EPS
- +86.7%
- Free cash flow
- +61.1%
Quarter to June 2026, against a year earlier
2.25
0.04
−1.75%
Follow SMSI
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 28 | 23 | 26 | 43 | 51 | 58 | 49 | 41 | 21 | 17 | 17 | (5.3%) | 20 | 31 | 42 | +33.7% | |
| Gross margin, % | 73.21 | 77.88 | 83.52 | 90.94 | 89.88 | 78.27 | 70.71 | 74.16 | 70.20 | 74.05 | 77.51 | +0.8 pt | ||||||
| EBT | (16) | (7) | (3) | 11 | 4 | (31) | (29) | (24) | (49) | (29) | (16) | +7.3% | ||||||
| EBT margin, % | (55.15) | (31.37) | (10.37) | 24.92 | 8.43 | (52.77) | (59.89) | (59.32) | (236.97) | (169.34) | (93.05) | (114.2) pt | ||||||
| Net income | (15) | (7) | (3) | 11 | 4 | (31) | (29) | (24) | (49) | (29) | (16) | +7.5% | ||||||
| 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 | 3.24 | (29.2%) | |||||
| Earnings | (48.40) | (19.60) | (5.60) | 12.40 | 4.00 | (24.40) | (21.20) | (15.20) | (19.70) | (7.30) | (3.52) | (19.0%) | ||||||
| Cash flow | (38.50) | (22.00) | (5.15) | 11.58 | 7.77 | (10.08) | (13.90) | (4.30) | (5.78) | (1.75) | (1.72) | (29.1%) | ||||||
| Capex | (1.67) | (0.23) | (0.31) | (1.49) | (0.94) | (0.50) | (0.04) | 0.00 | 0.07 | (0.02) | (0.02) | (38.4%) | ||||||
| Free cash flow | (40.17) | (22.23) | (5.46) | 10.08 | 6.83 | (10.58) | (13.94) | (4.30) | (5.71) | (1.77) | (1.73) | (29.3%) | ||||||
| Book value | 10.24 | 13.54 | 36.84 | 56.43 | 57.55 | 78.51 | 55.12 | 46.45 | 16.48 | 4.46 | 3.33 | (8.8%) | ||||||
| Shares, m | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 4 | 5 | +33.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 12.78 | 56.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.9 | |||||
| P/S | 0.72 | 1.64 | 1.53 | 3.17 | 4.31 | 4.31 | 2.56 | 1.57 | 0.79 | 0.64 | 0.71 | 2.1 | ||||||
| P/B | 6.64 | 8.27 | 1.95 | 2.82 | 3.77 | 2.51 | 1.63 | 0.85 | 0.40 | 0.61 | 0.69 | 2.9 | ||||||
| EV/Sales | 0.73 | 1.67 | 1.18 | 2.54 | 3.90 | 4.12 | 2.33 | 1.44 | 0.74 | 0.66 | 0.67 | 1.9 | ||||||
| EV/FCF | (1.72) | (5.11) | (10.17) | 13.20 | 27.29 | (18.26) | (6.04) | (9.19) | (1.08) | (1.61) | (1.27) | (1.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (12) | (7) | (3) | 10 | 8 | (13) | (19) | (7) | (14) | (7) | (9) | (5.1%) | |||||
| Capex | 0 | 0 | 0 | (1) | (1) | (1) | 0 | 0 | 0 | 0 | 0 | (17.6%) | ||||||
| Free cash flow | (12) | (7) | (3) | 9 | 7 | (14) | (19) | (7) | (14) | (7) | (9) | (5.4%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 2 | 3 | 17 | 34 | 31 | 19 | 6 | 9 | 4 | (2) | 2 | n/m | |||||
| Net debt | 0 | 1 | (12) | (27) | (26) | (16) | (14) | (7) | (3) | (1) | (1) | n/m | ||||||
| Shareholders’ equity | 3 | 5 | 21 | 49 | 59 | 101 | 76 | 75 | 41 | 18 | 17 | +22.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (79.13) | (47.27) | (14.02) | 24.54 | 6.21 | (33.13) | (26.85) | (25.79) | (72.89) | (82.44) | (59.44) | (3.3) pt | |||||
| ROIC | (290.66) | (69.26) | (9.03) | 29.65 | 6.68 | (22.89) | (31.00) | (16.53) | (81.34) | (107.31) | (55.15) | +183.4 pt | ||||||
| ROE | (179.61) | (174.69) | (21.81) | 30.62 | 7.76 | (38.98) | (33.10) | (32.15) | (83.85) | (101.77) | (82.96) | +77.8 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 173 | 161 | 153 | 198 | 255 | 373 | 315 | 231 | 164 | 118 | — | (4.2%) | |||||
| Revenue/emp, $m | 0.16 | 0.14 | 0.17 | 0.22 | 0.20 | 0.16 | 0.15 | 0.18 | 0.13 | 0.15 | — | (1.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Smith Micro Software, Inc. 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPM Intelligent Protection Management Corp. | $14.3M | — (loss-making) | — (loss-making) | +12.93% (above 0%: growing) | n/m | +42.70% (above 0%: growing) | 41.33% | (23.40%) | Compare |
| PDC Earlyworks Co., Ltd. Unsponsored ADR | $14.2M | — | — | — | — | −17.83% (below 0%: shrinking) | 28.48% | 0.00% | Compare |
| RPGL Republic Power Group Limited | $13.8M | — | — | — | — | −1,728.88% (below 0%: shrinking) | — | — | Compare |
| WQEY WISeQey Corp | $13.4M | — (loss-making) | — | +55.93% (above 0%: growing) | n/m | −92.17% (below 0%: shrinking) | 52.94% | 0.00% | Compare |
| IFBD Infobird Co., Ltd. | $13.3M | — (loss-making) | — (loss-making) | −64.75% (below 0%: shrinking) | +85.14% (above 0%: growing) | +80.81% (above 0%: growing) | 36.20% | 0.00% | Compare |
| AHI Advanced Human Imaging Limited Sponsored ADR | $13.2M | — (loss-making) | — (loss-making) | +307.96% (above 0%: growing) | +49.62% (above 0%: growing) | −21.40% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SMSI Smith Micro Software, Inc. | $12.8M | — (loss-making) | — (loss-making) | −1.79% (below 0%: shrinking) | n/m | +61.05% (above 0%: growing) | 81.32% | (54.57%) | |
| IDAI T Stamp Inc. | $12.4M | — (loss-making) | — (loss-making) | +10.73% (above 0%: growing) | n/m | −205.91% (below 0%: shrinking) | 53.49% | (266.39%) | Compare |
| UPLD Upland Software, Inc. | $11.6M | — (loss-making) | — (loss-making) | −5.94% (below 0%: shrinking) | n/m | −60.31% (below 0%: shrinking) | 75.76% | 11.22% | Compare |
| Median of peers | $13.3M | — | — | +11.83% | — | −40.85% | 41.33% | 0.00% |
Pay and ownership Proxy statement filed 16 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 984.10k | 758.75k | 37.24 |
| 2024 | 897.70k | 403.57k | 19.73 |
| 2023 | 1.00m | 527.42k | 37.05 |
Ownership
Directors and executive officers, together
34.67%
William W. Smith, Jr.
32.14%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement