SMSINasdaqServices-Prepackaged SoftwareFiscal year ends December 31
SMITH MICRO SOFTWARE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$2.39+0.02 (+0.84%)
Close on Oct 19, 2026
- Market cap
- $12.46M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
74.1%−15.8 pts over 5 years
Operating margin
-167.1%−173.9 pts over 5 years
Net margin
-168.9%−177.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -15.5% | -29.0% | -19.5% | -7.9% | |
| Gross profit | -10.9% | -27.9% | -22.5% | -8.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -179.6% | 7.8% | -99.2% | |
| Return on assets | -79.1% | 6.2% | -80.3% | |
| Current ratio | 1.44 | 4.69 | 0.74 | |
| Debt to equity | 0.42 | – | – | |
| Net debt to EBITDA | 0.06× | – | – | |
| Interest coverage | – | – | -71.3× | |
| Capex to revenue | 1.8% | 2.6% | 0.5% | |
| Diluted shares | 0M | 1M | 4M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Smith Micro Software generated $60.64M from operations and spent $991.00K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$60.64M
Used
$991.00K
Capital expenditure$991.00K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-168.9%
×Asset turnover0.48×
×Equity multiplier1.23×
=Return on equity, FY2025-99.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -168.9% | 0.48× | 1.23× | -99.2% |
| FY2024 | -236.9% | 0.31× | 1.15× | -83.9% |
| FY2023 | -59.7% | 0.43× | 1.25× | -32.1% |
| FY2022 | -60.4% | 0.44× | 1.23× | -33.1% |
| FY2021 | -53.1% | 0.62× | 1.18× | -39.0% |
| FY2020 | 8.1% | 0.77× | 1.25× | 7.8% |
| FY2019 | 24.7% | 1.00× | 1.25× | 31.0% |
| FY2018 | -10.4% | 1.35× | 1.56× | -21.8% |
| FY2017 | -29.0% | 1.63× | 3.70× | -174.7% |
| FY2016 | -54.3% | 1.46× | 2.27× | -179.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$29.33M
- Cash generatingOperating cash flow above zero-$7.19M
- Return on assets improvedROA up on the prior year-56.9% → -61.0%
- Earnings backed by cashOperating cash flow above net income-$7.19M vs -$29.33M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.77 → 0.74
- No dilutionShare count did not rise2M → 4M
- Gross margin improvedGross margin up on the prior year70.20% → 74.05%
- More efficientAsset turnover rose0.24 → 0.36