CoverageForm 410-K10-Q8-K13D13G13F

SMSI · Smith Micro Software, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SMSI

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$17.36M$20.55M$40.86M$48.51M$58.42M$51.30M
Cost of Revenue$6.13M$6.13M$10.56M$14.21M$12.70M$5.19M
Gross Profit$12.86M$14.43M$30.30M$34.30M$45.72M$46.11M
R&D$10.72M$14.09M$17.14M$29.87M$26.20M$19.07M
SG&A$10.01M$10.58M$12.78M$16.16M$17.92M$12.80M
Total Operating Expenses$41.87M$63.82M$48.36M$65.23M$76.66M$42.59M
D&A$5.40M$6.29M$7.39M$1.20M$1.20M$700.0K
Operating Income($29.01M)($49.39M)($18.05M)($30.93M)($30.94M)$3.52M
Interest Expense($112.0K)-----
Income Tax($76.0K)($13.0K)$158.0K$226.0K$215.0K$160.0K
Net Income($29.33M)($48.70M)($24.40M)($29.28M)($31.04M)$4.17M
EPS - Basic($1.46)($3.94)($3.04)($4.88)-$0.80
EPS - Diluted($1.46)($3.94)($3.04)($4.88)-$0.80

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$1.49M$2.81M$7.13M$14.03M$16.08M$25.75M
Accounts Receivable$1.82M$5.72M$7.91M$10.50M$10.59M$12.35M
Inventory------
Accounts Payable$1.94M$1.74M$2.52M$3.24M$3.30M$2.28M
Current Assets$4.53M$10.00M$16.88M$26.51M$28.66M$39.29M
Total Assets$24.97M$48.05M$85.58M$103.58M$115.36M$72.90M
Current Liabilities$6.12M$5.65M$7.64M$20.73M$9.37M$8.37M
Long-term Debt------
Total Liabilities------
Stockholders' Equity$18.39M$40.76M$75.39M$76.38M$100.56M$58.72M
Retained Earnings-($354.64M)($305.95M)($281.55M)($252.27M)($221.23M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($7.19M)($14.29M)($6.97M)($19.26M)($12.92M)$7.92M
Investing Cash Flow$1.20M$178.0K$132.0K$115.0K($57.50M)($14.68M)
Financing Cash Flow$4.68M$9.80M($60.0K)$17.09M$60.74M$4.24M
CapEx$20.0K$20.0K$4.0K$49.0K$830.0K$1.32M
Free Cash Flow($7.21M)($14.31M)($6.98M)($19.31M)($13.75M)$6.60M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin74.1%70.2%74.2%70.7%78.3%89.9%
Operating margin-167.1%-240.3%-44.2%-63.7%-53.0%6.9%
EBITDA margin-136.0%-209.7%-26.1%-61.3%-50.9%8.2%
Net margin-168.9%-236.9%-59.7%-60.4%-53.1%8.1%
Free cash flow margin-41.5%-69.6%-17.1%-39.8%-23.5%12.9%
FCF / Net income0.250.290.290.660.441.58
R&D / Revenue61.7%68.5%42.0%61.6%44.8%37.2%
SG&A / Revenue57.6%51.5%31.3%33.3%30.7%25.0%
Effective tax rate-----3.7%
Return on assets-117.4%-101.4%-28.5%-28.3%-26.9%5.7%
Return on equity-159.5%-119.5%-32.4%-38.3%-30.9%7.1%
Return on invested capital------
Liquidity
Current ratio0.741.772.211.283.064.69
Quick ratio0.741.772.211.283.064.69
Cash ratio0.240.500.930.681.723.08
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage259.0x-----
Equity multiplier1.361.181.141.361.151.24
Liabilities / Assets------
Efficiency
Asset turnover0.700.430.480.470.510.70
Inventory turnover------
Days sales outstanding38d102d71d79d66d88d
Days inventory outstanding------
Days payable outstanding115d104d87d83d95d160d
Cash conversion cycle------
Valuation
P / E-----54.2x
P / B0.6x0.4x5.7x12.2x20.1x31.6x
P / S0.6x0.8x10.5x19.2x34.5x36.1x
EV / EBITDA-----433.2x
Growth
Revenue growth (YoY)-15.5%-49.7%-15.8%-17.0%13.9%18.4%
Revenue CAGR (3y)-29.0%-29.4%-7.3%3.8%36.5%30.7%
Revenue CAGR (5y)-19.5%-13.9%12.2%16.1%15.7%5.4%
Gross profit growth (YoY)-10.9%-52.4%-11.7%-25.0%-0.8%17.0%
Operating income growth (YoY)41.3%-173.6%41.6%0.0%--65.2%
Net income growth (YoY)39.8%-99.6%16.7%5.7%--61.2%
EPS growth (YoY)62.9%-29.6%37.7%--175.9%
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)49.6%-105.2%63.9%-40.5%--20.7%
FCF CAGR (5y)------
Book value growth (YoY)-54.9%-45.9%-1.3%-24.0%71.3%20.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$17.36M total
Family Safety$14.12M · 81.3%
Commsuite$3.10M · 17.9%
Viewspot$142.0K · 0.8%

Geographic

$17.36M total
Americas$17.31M · 99.7%
EMEA$56.0K · 0.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Services-Prepackaged Software

CompanyRevenue (last FY)Net marginROE
TEAM$5.22B-4.9%-19.1%
CRM$37.90B16.4%10.5%
NOW$13.28B13.2%13.5%
FRSH$838.81M21.9%17.8%
DDOG$3.43B3.1%2.9%

Comparing SMITH MICRO SOFTWARE against the 5 most active filers in the same SIC group.