SMITH MICRO SOFTWARE, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $17.4M | $20.6M | $40.9M | $48.5M | $58.4M |
| Cost of revenue | $4.5M | $6.1M | $10.6M | $14.2M | $12.7M |
| Gross profit | $12.9M | $14.4M | $30.3M | $34.3M | $45.7M |
| Research and development | $10.7M | $14.1M | $17.1M | $29.4M | $26.2M |
| Operating expenses | $41.9M | $63.8M | $48.4M | $65.2M | $76.7M |
| Operating income | -$29.0M | -$49.4M | -$18.1M | -$30.9M | -$30.9M |
| Interest expense | $407,000 | $112,000 | — | — | — |
| Pretax income | -$29.4M | -$48.7M | -$24.2M | -$29.1M | -$30.8M |
| Income tax expense | -$76,000 | -$13,000 | $158,000 | $226,000 | $215,000 |
| Net income | -$29.3M | -$48.7M | -$24.4M | -$29.3M | -$31.0M |
| Balance Sheet | |||||
| Cash and equivalents | $1.5M | $2.8M | $7.1M | $14.0M | $16.1M |
| Current assets | $4.5M | $10.0M | $16.9M | $26.5M | $28.7M |
| Total assets | $25.0M | $48.0M | $85.6M | $103.6M | $114.5M |
| Current liabilities | $6.1M | $5.7M | $7.6M | $20.7M | $9.4M |
| Stockholders' equity | $18.4M | $40.8M | $75.4M | $76.4M | $100.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$7.2M | -$14.3M | -$7.0M | -$19.3M | -$12.9M |
| Depreciation and amortization | $5.4M | $6.3M | $7.3M | $7.6M | $1.2M |
| Stock-based compensation | $3.6M | $4.5M | $4.8M | $4.9M | $4.8M |
| Capital expenditure | $88,000 | $20,000 | $4,000 | $49,000 | $830,000 |
| Free cash flow | -$7.3M | -$14.3M | -$7.0M | -$19.3M | -$13.7M |
| Impairments | $11.1M | $24.0M | $0 | $0 | $0 |
Shares outstanding 25.6M · Free float 56.5%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.