NASDAQ:SMSI
Smith Micro Software, Inc.
Smith Micro Software, Inc.'s revenue fell 15.5% in fiscal 2025 to $17.4M while operating margin rose to −167.1%. Free cash flow was −$7.3M, −41.9% of revenue, and the diluted share count rose 66.6%.Summary generated from Smith Micro Software, Inc.'s SEC filings. Latest annual report filed Mar 5, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$17.4M
Revenue growth−15.5%
Revenue, 5-yr CAGR−19.5%
Gross margin74.1%
Operating margin−167.1%
Net margin−168.9%
ROICn/a
Return on equity−99.2%
Debt / equityn/a
Free cash flow−$7.3M
FCF margin−41.9%
Share count change+66.6%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 58 | 49 | 41 | 21 | 17 |
| Operating income | −31 | −31 | −18 | −49 | −29 |
| Net income | −31 | −29 | −24 | −49 | −29 |
| Free cash flow | −14 | −19 | −7 | −14 | −7 |
Recent filings
- 8-KDirector or officer change
Sep 18, 2026 - 4Insider transaction report
Sep 15, 2026 - 4Insider transaction report
Sep 15, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 14, 2026 - 8-KResults of operations and financial condition
Aug 13, 2026 - S-1Registration statement
Jul 10, 2026 - 8-KOther events
Jun 23, 2026 - 8-KEntry into a material agreement
Jun 12, 2026