Smith Micro Software, Inc.
SMSI Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$2.33
KIRA · Stoqly’s AI analyst, in plain words
- Smith Micro Software, Inc. had $17.4M of revenue in fiscal 2025, down 15.5% on the year before. Over five years, revenue changed −19.5% a year on average.
- Its operating margin was −167.1%, up 73.2 pts: of every 100 in sales, about −167 is left after running the business.
- Smith Micro Software, Inc. lost $29.3M in fiscal 2025.
- Free cash flow was −$7.3M in fiscal 2025, −41.9% of revenue.
Market cap
$12.1M
P/E
1.1x
Revenue
$17.4M
Net income
−$29.3M
Free cash flow
−$7.3M
Operating margin
−167.1%
Smith Micro Software, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−15.5%
No. Sales fell 15.5% last year.
Does it make a profit?
−168.9%
No. It lost money last year.
Does profit turn into cash?
−41.9%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
1.1x
One share costs 1.1 times its yearly profit per share.
What Smith Micro Software, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 5, 2026
- Legal name
- SMITH MICRO SOFTWARE, INC.
- CIK
- 0000948708
Smith Micro Software, Inc. · SMSI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $58.4M | $48.5M | $40.9M | $20.6M | $17.4M |
| Revenue growth | 13.9% | −17.0% | −15.8% | −49.7% | −15.5% |
| Net interest income | $0.0M | −$2.7M | −$6.4M | — | — |
| Gross margin | 78.3% | 70.7% | 74.2% | 70.2% | 74.1% |
| Operating margin | −53.0% | −63.7% | −44.2% | −240.3% | −167.1% |
| Net income | −$31.0M | −$29.3M | −$24.4M | −$48.7M | −$29.3M |
| Net margin | −53.1% | −60.4% | −59.7% | −236.9% | −168.9% |
| Diluted EPS | −$0.61 | −$0.53 | −$3.01 | −$3.94 | −$1.46 |
| Cash | |||||
| Cash from operations | −$12.9M | −$19.3M | −$7.0M | −$14.3M | −$7.2M |
| Capital expenditure | $0.8M | $0.0M | $0.0M | $0.0M | $0.1M |
| Free cash flow | −$13.7M | −$19.3M | −$7.0M | −$14.3M | −$7.3M |
| FCF margin | −23.5% | −39.8% | −17.1% | −69.6% | −41.9% |
| Share count change | 19.8% | 8.2% | −85.4% | 52.4% | 66.6% |
| Debt and strength | |||||
| Cash and short-term investments | $16.1M | $14.0M | $7.1M | $2.8M | $1.5M |
| Shareholders' equity | $101M | $76.4M | $75.4M | $40.8M | $18.4M |
| Current ratio | 3.1x | 1.3x | 2.2x | 1.8x | 0.7x |
| Interest coverage | — | — | — | — | −71.3x |
| Returns and quality | |||||
| Return on equity | −39.0% | −33.1% | −32.1% | −83.9% | −99.2% |
| Return on tangible equity | −135.6% | −583.5% | −225.5% | −797.4% | — |
| Piotroski F-score | 1 | 1 | 5 | 1 | 3 |
| Altman Z'' | −0.3 | −7.6 | −4.6 | −24.5 | — |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Smith Micro Software, Inc. · SMSI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.33 a share, the company is worth $12.1M: 1.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000948708). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.