PHUN Nasdaq Services-Computer Processing & Data Preparation Financials FY2016βFY2025
Phunware, Inc. had $2.6M of revenue in fiscal 2025, down 19.9% on the year before. Over five years, revenue changed β23.9% a year on average.
Last close Β· Oct 23, 2026
$1.95
0.5%Hi! I read Phunware, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β19.9%
No. Sales fell 19.9% last year.
Does it make a profit?
β446.6%
No. It lost money last year.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Phunware, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 10 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 6, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 7, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 20, 2026 | Q4 '25 | Before the market opens | 8-K β |
| Nov 6, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 8, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 12, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 20, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 7, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Phunware, Inc. had $2.6M of revenue in fiscal 2025, down 19.9% on the year before. Over five years, revenue changed β23.9% a year on average. Its operating margin was β803.7%, down 368.2Β pts: of every 100 in sales, about β804 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Phunware, Inc. lost $11.4M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Phunware, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $23.1M | $2.0M | $3.9M | $113M | $101M |
| Debt incl. finance leases | $5.2M | $9.7M | $4.9M | β | β |
| Debt / equity | 0.1x | 0.4x | β | β | β |
| Interest coverage | β3.8x | β10.0x | β26.4x | β102.9x | β641.2x |
| Current ratio | 2.0x | 0.7x | 0.3x | 17.6x | 5.0x |
| Quick ratio | 1.9x | 0.6x | 0.3x | 17.6x | 5.0x |
| Total assets | $98.0M | $54.8M | $6.7M | $115M | $121M |
| Total liabilities | $32.7M | $30.0M | $18.2M | $7.6M | $24.6M |
| Shareholders' equity | $65.3M | $24.9M | β$11.5M | $107M | $96.3M |
| Net debt (β = net cash) | β$17.9M | $7.7M | $1.0M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Phunware, Inc. passes 1 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | β / 6 | 1 / 9 | 3 / 9 | 4 / 9 | 4 / 9 | 2 / 9 | 3 / 8 | 1 / 8 |
| Accruals ratio | β0.0% | 0.9% | β9.1% | β20.3% | β36.9% | β47.8% | β31.5% | β111.6% | 4.9% | 0.9% |
| Altman Z'' | 2.98 | β11.24 | β13.61 | β20.50 | β23.13 | β3.70 | β17.99 | β204.37 | 11.23 | β0.56 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | β | β | $30.9M | $19.2M | $10.0M | $10.6M | $6.5M | $4.8M | $3.2M | $2.6M |
| Net interest income | β | β | β | β | β | β$4.5M | β$2.4M | β | β | β |
| Gross profit | β | β | $19.1M | $10.1M | $6.6M | $3.6M | $3.5M | $1.7M | $1.5M | $1.3M |
| Research and development | β | β | $7.0M | $4.3M | $2.6M | $4.2M | $6.1M | $4.4M | $2.3M | $3.2M |
| Operating income | β$0.1M | β$0.9M | β$6.9M | β$12.3M | β$17.5M | β$16.8M | β$24.0M | β$45.7M | β$13.9M | β$20.5M |
| Interest expense | β | β | $0.7M | $0.6M | $3.4M | $4.5M | $2.4M | $1.7M | $0.1M | $0.0M |
| Pretax income | β | β | β$10.2M | β$12.9M | β$22.2M | β$53.9M | β$45.4M | β$41.9M | β$10.3M | β$11.4M |
| Income tax | β | β | β$0.4M | $0.0M | $0.0M | β$0.4M | $0.0M | $0.0M | $0.0M | β$0.0M |
| Net income | β$0.1M | β$0.3M | β$9.8M | β$12.9M | β$22.2M | β$53.5M | β$50.9M | β$52.8M | β$10.3M | β$11.4M |
| Diluted EPS | β$0.04 | β$0.11 | β$0.38 | β$0.35 | β$0.50 | β$0.71 | β$0.51 | β | β$0.94 | β$0.57 |
| Diluted shares | 0.00B | 0.00B | 0.03B | 0.04B | 0.04B | 0.08B | 0.00B | 0.00B | 0.01B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | β$0.1M | β$0.8M | β$6.6M | β$6.2M | β$11.0M | β$22.5M | β$26.9M | β$18.4M | β$13.3M | β$12.5M |
| Capital expenditure | β | β | β | β | β | β | $0.9M | $0.0M | β | β |
| Free cash flow | β | β | β | β | β | β | β$27.8M | β$18.4M | β | β |
| Depreciation and amortization | β | β | $0.1M | $0.1M | $0.0M | β | β | β | β | β |
| Stock-based compensation | β | β | $0.5M | $1.8M | $4.5M | $4.9M | $3.0M | $4.1M | $1.7M | $0.5M |
| Acquisitions | β | β | β | β | $0.0M | $5.1M | $2.4M | β | β | β |
| Share buybacks | β | β | β | β | β | β | $0.0M | $0.5M | β | β |
| Dividends and buybacks | β | β | β | β | β | β | $0.0M | $0.5M | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.5M | $0.3M | $0.8M | $0.3M | $3.9M | $23.1M | $2.0M | $3.9M | $113M | $101M |
| Total debt | β | β | $0.0M | $1.1M | $10.1M | $5.2M | $9.7M | $4.9M | β | β |
| Current assets | $0.5M | $6.9M | $4.7M | $2.3M | $4.9M | $60.0M | $16.9M | $5.0M | $114M | $120M |
| Current liabilities | $0.1M | $15.2M | $20.0M | $19.8M | $26.5M | $30.3M | $25.6M | $16.5M | $6.5M | $23.9M |
| Inventory | β | β | β | β | $0.0M | $2.6M | $2.8M | β | β | β |
| Property and equipment, net | β | $0.1M | $0.1M | $0.0M | $0.0M | $0.0M | $0.2M | $0.0M | $0.0M | $0.0M |
| Goodwill | β | $25.9M | $25.9M | $25.9M | $25.9M | $33.3M | $25.8M | $0.0M | β | β |
| Intangible assets | β | $0.9M | $0.5M | $0.3M | $0.1M | $3.2M | $2.5M | β | β | β |
| Total assets | $71.0M | $34.0M | $36.9M | $29.1M | $31.8M | $98.0M | $54.8M | $6.7M | $115M | $121M |
| Total liabilities | $1.8M | $26.1M | $25.7M | $25.0M | $33.8M | $32.7M | $30.0M | $18.2M | $7.6M | $24.6M |
| Shareholders' equity | $5.0M | $7.9M | $5.8M | $4.0M | β$2.0M | $65.3M | $24.9M | β$11.5M | $107M | $96.3M |
| Margins | ||||||||||
| Gross margin | β | β | 61.8% | 52.9% | 66.4% | 33.9% | 53.8% | 34.9% | 45.6% | 50.6% |
| Operating margin | β | β | β22.2% | β64.3% | β175.0% | β158.3% | β368.5% | β945.6% | β435.5% | β803.7% |
| EBITDA margin | β | β | β22.0% | β64.0% | β174.9% | β | β | β | β | β |
| Net margin | β | β | β31.7% | β67.2% | β222.0% | β502.9% | β780.5% | β1,092.4% | β323.5% | β446.6% |
| FCF margin | β | β | β | β | β | β | β426.0% | β381.5% | β | β |
| Net interest share of revenue | β | β | β | β | β | β42.1% | β36.9% | β | β | β |
| Returns | ||||||||||
| Return on capital | β | β | β108.8% | β200.3% | β332.9% | β28.1% | β58.2% | β | β | β |
| Return on capital employed | β0.2% | β4.6% | β40.6% | β133.6% | β325.7% | β24.9% | β82.1% | 467.4% | β12.8% | β21.2% |
| Return on equity | β1.8% | β4.8% | β142.8% | β261.3% | β2,168.9% | β169.1% | β112.9% | β786.4% | β21.6% | β11.2% |
| Return on assets | β0.1% | β0.6% | β27.7% | β39.0% | β72.9% | β82.4% | β66.6% | β171.5% | β17.0% | β9.7% |
| Return on tangible equity | β1.8% | β | β | β | β | β185.8% | β | β | β9.6% | β11.8% |
| Growth | ||||||||||
| Revenue growth | β | β | β | β38.0% | β47.8% | 6.4% | β38.7% | β25.9% | β34.0% | β19.9% |
| Share count change | β | 30.7% | 833.6% | 44.3% | 20.0% | 70.4% | β97.4% | 20.2% | 361.0% | 83.9% |
| Financial health | ||||||||||
| Debt / equity | β | β | 0.0x | 0.3x | β | 0.1x | 0.4x | β | β | β |
| Interest coverage | β | β | β9.5x | β21.2x | β5.1x | β3.8x | β10.0x | β26.4x | β102.9x | β641.2x |
| Current ratio | 10.4x | 0.5x | 0.2x | 0.1x | 0.2x | 2.0x | 0.7x | 0.3x | 17.6x | 5.0x |
| Quick ratio | 10.4x | 0.5x | 0.2x | 0.1x | 0.2x | 1.9x | 0.6x | 0.3x | 17.6x | 5.0x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | β | β | β | 14.2% | 0.0% | β | β |
| Stock comp / revenue | β | β | 1.5% | 9.3% | 44.9% | 46.4% | 46.1% | 84.3% | 51.9% | 17.8% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | β | 1.0 | 3.0 | 4.0 | 4.0 | 2.0 | 3.0 | 1.0 |
| Altman Z'' | 3.0 | β11.2 | β13.6 | β20.5 | β23.1 | β3.7 | β18.0 | β204.4 | 11.2 | β0.6 |
| Accruals ratio | β0.0% | 0.9% | β9.1% | β20.3% | β36.9% | β47.8% | β31.5% | β111.6% | 4.9% | 0.9% |
Source: SEC EDGAR XBRL filings (CIK 0001665300). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
