Saturday 17 October 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. 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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 12.78 | 56.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
1 | 4 | 4 | 5 | 4 | 2 | 3 | 5 | 2 | 4 |
P/S ratio |
0.72 | 1.64 | 1.53 | 3.17 | 4.31 | 4.31 | 2.56 | 1.40 | 0.79 | 0.64 |
Altman Z-Score |
— | — | (6.24) | — | — | — | — | — | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 16.49 | 30.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
— | — | (21.86) | — | — | — | — | — | — | — |
Beneish M-Score |
11.37 | (2.13) | (2.10) | (1.46) | (2.51) | (2.93) | (3.36) | (3.49) | (6.06) | (7.71) |
P/Operating CF |
(5.79) | (21.88) | 257.58 | 26.62 | (628.35) | (16.59) | (25.96) | (55.85) | (3.29) | (5.09) |
P/B ratio |
6.64 | 8.27 | 1.95 | 2.82 | 3.77 | 2.51 | 1.63 | 0.76 | 0.40 | 0.61 |
Price to Tangible BV |
0.00 | 95.61 | 2.41 | 3.78 | 6.55 | 11.01 | 24.74 | 5.28 | 2.65 | 0.00 |
EV/Sales |
0.73 | 1.67 | 1.18 | 2.54 | 3.90 | 4.12 | 2.33 | 1.27 | 0.74 | 0.66 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 9.61 | 28.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(1.80) | (5.16) | (10.78) | 11.01 | 25.27 | (18.62) | (5.87) | (7.43) | (1.06) | (1.59) |
EV/FCF |
(1.72) | (5.11) | (10.17) | 13.20 | 27.29 | (18.26) | (6.04) | (8.09) | (1.08) | (1.61) |
Quick Ratio |
1.31 | 1.53 | 5.70 | 6.85 | 4.55 | 2.85 | 1.18 | 1.97 | 1.51 | 0.54 |
Current Ratio |
1.44 | 1.65 | 5.94 | 6.99 | 4.69 | 3.06 | 1.28 | 2.21 | 1.77 | 0.74 |
Net Debt/EBITDA |
(0.03) | (0.13) | 62.04 | (2.39) | (3.63) | 0.74 | 0.60 | 1.53 | 0.07 | 0.06 |
Debt/Assets |
18.10% | 19.87% | 0.00% | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.85 | 0.60 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.46 | 1.63 | 1.35 | 1.00 | 0.77 | 0.62 | 0.44 | 0.43 | 0.31 | 0.48 |
Operating CF/Net income |
0.75 | 1.11 | 1.05 | 0.94 | 1.90 | 0.42 | 0.66 | 0.29 | 0.29 | 0.24 |
Capex/Depreciation |
(0.32) | (0.06) | (0.17) | (0.96) | (0.27) | (0.07) | (0.01) | 0.00 | 0.03 | (0.02) |
Interest Coverage |
— | (5.07) | (2.57) | 44.32 | 36.68 | 909.94 | (11.54) | (2.84) | 440.98 | (71.28) |
| (179.61%) | (174.69%) | (21.81%) | 30.62% | 7.76% | (38.98%) | (33.10%) | (32.15%) | (83.85%) | (101.77%) | |
| (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%) |
Return on Tangible Assets |
(363.58%) | (153.51%) | (15.60%) | 29.17% | 12.59% | (141.19%) | (402.35%) | (241.04%) | (997.28%) | 2,390.47% |
Average Days of Receivables |
64.14 | 81.74 | 99.01 | 91.73 | 87.85 | 66.16 | 79.01 | 70.67 | 101.59 | 38.20 |
Research and Development Expense of Revenue |
56.33% | 38.97% | 32.73% | 26.95% | 34.64% | 44.84% | 60.58% | 41.96% | 68.52% | 61.73% |
Selling, General and Administrative Expense of Revenue |
70.68% | 64.15% | 54.75% | 40.23% | 42.68% | 50.50% | 58.52% | 58.41% | 94.67% | 92.08% |
Intangible Assets out of Total Assets |
0.31 | 0.30 | 0.16 | 0.20 | 0.34 | 0.68 | 0.69 | 0.75 | 0.72 | 0.74 |
Share Based Compensation of Revenue |
5.41% | 5.10% | 3.56% | 3.45% | 5.97% | 8.30% | 10.20% | 11.83% | 21.91% | 20.79% |
Graham Net Nets |
(0.16) | (0.04) | 0.38 | 0.20 | 0.11 | 0.06 | (0.01) | 0.12 | 0.17 | (0.18) |
Graham Number |
0.00 | 0.00 | 0.00 | 125.78 | 70.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(71.18%) | (16.36%) | (11.67%) | 7.83% | 1.78% | (11.79%) | (24.55%) | (42.05%) | (361.07%) | (279.63%) |
Free Cash Flow Yield |
(59.07%) | (19.85%) | (7.58%) | 6.06% | 3.32% | (5.22%) | (15.09%) | (11.20%) | (87.14%) | (63.66%) |
Revenue per Share |
94.49 | 68.13 | 47.10 | 50.24 | 50.28 | 45.61 | 35.01 | 25.18 | 8.31 | 4.21 |
Operating CF per Share |
(38.50) | (22.00) | (5.15) | 11.58 | 7.77 | (10.08) | (13.90) | (4.30) | (5.78) | (1.75) |
Capex per Share |
(1.67) | (0.23) | (0.31) | (1.49) | (0.94) | (0.50) | (0.04) | 0.00 | 0.07 | (0.02) |
Free Cash Flow per Share |
(40.17) | (22.23) | (5.46) | 10.08 | 6.83 | (10.58) | (13.94) | (4.30) | (5.71) | (1.77) |
Cash per Share |
7.46 | 6.54 | 21.79 | 32.76 | 25.24 | 12.55 | 10.12 | 4.39 | 1.14 | 0.36 |
Shareholders Equity per Share |
10.24 | 13.54 | 36.84 | 56.43 | 57.55 | 78.51 | 55.12 | 46.45 | 16.48 | 4.46 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.24 | 13.54 | 36.84 | 56.43 | 57.55 | 78.51 | 55.12 | 46.45 | 16.48 | 4.46 |
Free Cash Flow |
(12.00) | (7.50) | (3.05) | 8.70 | 6.97 | (13.55) | (19.31) | (6.98) | (14.12) | (7.28) |
Working Capital |
2.41 | 3.11 | 16.70 | 34.24 | 30.92 | 19.29 | 5.78 | 9.24 | 4.35 | (1.59) |
Capital Expenditures |
(0.50) | (0.08) | (0.17) | (1.29) | (0.96) | (0.64) | (0.05) | 0.00 | 0.18 | (0.09) |
Net Current Asset Value |
(3.33) | (1.38) | 15.44 | 27.45 | 25.10 | 14.70 | (0.69) | 6.69 | 2.71 | (2.05) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 10.88 | 56.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.00 | 0.01 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | (0.01) | 0.01 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 13.59 | 62.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.86 | 1.12 | 1.18 | 0.64 | 1.65 | 3.46 | 5.04 | 15.16 | 11.71 | 17.03 |
Cash ROIC |
(152.36%) | (78.66%) | (9.31%) | 11.18% | 8.25% | (11.62%) | (21.36%) | (8.46%) | (32.41%) | (36.62%) |
Accounts Receivable Turnover |
4.30 | 4.55 | 4.28 | 4.81 | 4.41 | 5.09 | 4.60 | 4.44 | 3.02 | 4.61 |
Accounts Payable Turnover |
4.18 | 3.14 | 3.48 | 2.45 | 2.40 | 4.55 | 4.35 | 3.67 | 2.88 | 2.45 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
92.02 | 95.74 | 97.72 | 190.54 | 160.49 | 94.89 | 83.12 | 87.18 | 103.55 | 156.94 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
6.56 | 5.05 | 6.14 | 9.01 | 11.62 | 11.47 | 10.55 | 9.21 | 6.82 | 3.77 |
Average Payables |
1.81 | 1.62 | 1.25 | 1.61 | 2.17 | 2.79 | 3.27 | 2.88 | 2.13 | 1.84 |
Average Assets |
19.39 | 14.09 | 19.54 | 43.20 | 67.05 | 93.71 | 109.05 | 94.58 | 66.81 | 36.51 |
Average Common Equity |
8.54 | 3.81 | 12.57 | 34.62 | 53.70 | 79.64 | 88.47 | 75.88 | 58.07 | 29.57 |
Columns are period end dates