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 '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56.03 | 12.78 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
4 | 2 | 5 | 3 | 2 | 4 | 5 | 4 | 4 | 1 |
P/S ratio |
0.64 | 0.79 | 1.40 | 2.56 | 4.31 | 4.31 | 3.17 | 1.53 | 1.64 | 0.72 |
Altman Z-Score |
— | — | — | — | — | — | — | (6.24) | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.14 | 16.49 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
— | — | — | — | — | — | — | (21.86) | — | — |
Beneish M-Score |
(7.71) | (6.06) | (3.49) | (3.36) | (2.93) | (2.51) | (1.46) | (2.10) | (2.13) | 11.37 |
P/Operating CF |
(5.09) | (3.29) | (55.85) | (25.96) | (16.59) | (628.35) | 26.62 | 257.58 | (21.88) | (5.79) |
P/B ratio |
0.61 | 0.40 | 0.76 | 1.63 | 2.51 | 3.77 | 2.82 | 1.95 | 8.27 | 6.64 |
Price to Tangible BV |
0.00 | 2.65 | 5.28 | 24.74 | 11.01 | 6.55 | 3.78 | 2.41 | 95.61 | 0.00 |
EV/Sales |
0.66 | 0.74 | 1.27 | 2.33 | 4.12 | 3.90 | 2.54 | 1.18 | 1.67 | 0.73 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.19 | 9.61 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(1.59) | (1.06) | (7.43) | (5.87) | (18.62) | 25.27 | 11.01 | (10.78) | (5.16) | (1.80) |
EV/FCF |
(1.61) | (1.08) | (8.09) | (6.04) | (18.26) | 27.29 | 13.20 | (10.17) | (5.11) | (1.72) |
Quick Ratio |
0.54 | 1.51 | 1.97 | 1.18 | 2.85 | 4.55 | 6.85 | 5.70 | 1.53 | 1.31 |
Current Ratio |
0.74 | 1.77 | 2.21 | 1.28 | 3.06 | 4.69 | 6.99 | 5.94 | 1.65 | 1.44 |
Net Debt/EBITDA |
0.06 | 0.07 | 1.53 | 0.60 | 0.74 | (3.63) | (2.39) | 62.04 | (0.13) | (0.03) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.45% | 0.00% | 19.87% | 18.10% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.60 | 0.85 |
Asset Turnover |
0.48 | 0.31 | 0.43 | 0.44 | 0.62 | 0.77 | 1.00 | 1.35 | 1.63 | 1.46 |
Operating CF/Net income |
0.24 | 0.29 | 0.29 | 0.66 | 0.42 | 1.90 | 0.94 | 1.05 | 1.11 | 0.75 |
Capex/Depreciation |
(0.02) | 0.03 | 0.00 | (0.01) | (0.07) | (0.27) | (0.96) | (0.17) | (0.06) | (0.32) |
Interest Coverage |
(71.28) | 440.98 | (2.84) | (11.54) | 909.94 | 36.68 | 44.32 | (2.57) | (5.07) | — |
| (101.77%) | (83.85%) | (32.15%) | (33.10%) | (38.98%) | 7.76% | 30.62% | (21.81%) | (174.69%) | (179.61%) | |
| (82.44%) | (72.89%) | (25.79%) | (26.85%) | (33.13%) | 6.21% | 24.54% | (14.02%) | (47.27%) | (79.13%) | |
ROIC |
(107.31%) | (81.34%) | (16.53%) | (31.00%) | (22.89%) | 6.68% | 29.65% | (9.03%) | (69.26%) | (290.66%) |
Return on Tangible Assets |
2,390.47% | (997.28%) | (241.04%) | (402.35%) | (141.19%) | 12.59% | 29.17% | (15.60%) | (153.51%) | (363.58%) |
Average Days of Receivables |
38.20 | 101.59 | 70.67 | 79.01 | 66.16 | 87.85 | 91.73 | 99.01 | 81.74 | 64.14 |
Research and Development Expense of Revenue |
61.73% | 68.52% | 41.96% | 60.58% | 44.84% | 34.64% | 26.95% | 32.73% | 38.97% | 56.33% |
Selling, General and Administrative Expense of Revenue |
92.08% | 94.67% | 58.41% | 58.52% | 50.50% | 42.68% | 40.23% | 54.75% | 64.15% | 70.68% |
Intangible Assets out of Total Assets |
0.74 | 0.72 | 0.75 | 0.69 | 0.68 | 0.34 | 0.20 | 0.16 | 0.30 | 0.31 |
Share Based Compensation of Revenue |
20.79% | 21.91% | 11.83% | 10.20% | 8.30% | 5.97% | 3.45% | 3.56% | 5.10% | 5.41% |
Graham Net Nets |
(0.18) | 0.17 | 0.12 | (0.01) | 0.06 | 0.11 | 0.20 | 0.38 | (0.04) | (0.16) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.79 | 125.78 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(279.63%) | (361.07%) | (42.05%) | (24.55%) | (11.79%) | 1.78% | 7.83% | (11.67%) | (16.36%) | (71.18%) |
Free Cash Flow Yield |
(63.66%) | (87.14%) | (11.20%) | (15.09%) | (5.22%) | 3.32% | 6.06% | (7.58%) | (19.85%) | (59.07%) |
Revenue per Share |
4.21 | 8.31 | 25.18 | 35.01 | 45.61 | 50.28 | 50.24 | 47.10 | 68.13 | 94.49 |
Operating CF per Share |
(1.75) | (5.78) | (4.30) | (13.90) | (10.08) | 7.77 | 11.58 | (5.15) | (22.00) | (38.50) |
Capex per Share |
(0.02) | 0.07 | 0.00 | (0.04) | (0.50) | (0.94) | (1.49) | (0.31) | (0.23) | (1.67) |
Free Cash Flow per Share |
(1.77) | (5.71) | (4.30) | (13.94) | (10.58) | 6.83 | 10.08 | (5.46) | (22.23) | (40.17) |
Cash per Share |
0.36 | 1.14 | 4.39 | 10.12 | 12.55 | 25.24 | 32.76 | 21.79 | 6.54 | 7.46 |
Shareholders Equity per Share |
4.46 | 16.48 | 46.45 | 55.12 | 78.51 | 57.55 | 56.43 | 36.84 | 13.54 | 10.24 |
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 |
4.46 | 16.48 | 46.45 | 55.12 | 78.51 | 57.55 | 56.43 | 36.84 | 13.54 | 10.24 |
Free Cash Flow |
(7.28) | (14.12) | (6.98) | (19.31) | (13.55) | 6.97 | 8.70 | (3.05) | (7.50) | (12.00) |
Working Capital |
(1.59) | 4.35 | 9.24 | 5.78 | 19.29 | 30.92 | 34.24 | 16.70 | 3.11 | 2.41 |
Capital Expenditures |
(0.09) | 0.18 | 0.00 | (0.05) | (0.64) | (0.96) | (1.29) | (0.17) | (0.08) | (0.50) |
Net Current Asset Value |
(2.05) | 2.71 | 6.69 | (0.69) | 14.70 | 25.10 | 27.45 | 15.44 | (1.38) | (3.33) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56.87 | 10.88 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | (0.01) | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.01 | 0.00 | 0.02 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.82 | 13.59 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
17.03 | 11.71 | 15.16 | 5.04 | 3.46 | 1.65 | 0.64 | 1.18 | 1.12 | 0.86 |
Cash ROIC |
(36.62%) | (32.41%) | (8.46%) | (21.36%) | (11.62%) | 8.25% | 11.18% | (9.31%) | (78.66%) | (152.36%) |
Accounts Receivable Turnover |
4.61 | 3.02 | 4.44 | 4.60 | 5.09 | 4.41 | 4.81 | 4.28 | 4.55 | 4.30 |
Accounts Payable Turnover |
2.45 | 2.88 | 3.67 | 4.35 | 4.55 | 2.40 | 2.45 | 3.48 | 3.14 | 4.18 |
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 |
156.94 | 103.55 | 87.18 | 83.12 | 94.89 | 160.49 | 190.54 | 97.72 | 95.74 | 92.02 |
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 |
3.77 | 6.82 | 9.21 | 10.55 | 11.47 | 11.62 | 9.01 | 6.14 | 5.05 | 6.56 |
Average Payables |
1.84 | 2.13 | 2.88 | 3.27 | 2.79 | 2.17 | 1.61 | 1.25 | 1.62 | 1.81 |
Average Assets |
36.51 | 66.81 | 94.58 | 109.05 | 93.71 | 67.05 | 43.20 | 19.54 | 14.09 | 19.39 |
Average Common Equity |
29.57 | 58.07 | 75.88 | 88.47 | 79.64 | 53.70 | 34.62 | 12.57 | 3.81 | 8.54 |
Columns are period end dates