# Smith Micro Software, Inc.: overview

SMSI · Nasdaq · CIK 948708 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/smsi.md) · [Financials](/companies/smsi/financials.md) · [Filings](/companies/smsi/filings.md) · [Insiders](/companies/smsi/insiders.md)

Latest reported revenue: [$4.3m](/filings/0001437749-26-027989.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-26-027989).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [4,648](/filings/0001437749-25-033340.md) | [4,970 d](/filings/0001437749-26-007087.md) | [4,621](/filings/0001437749-26-014454.md) | [4,420](/filings/0001437749-26-027989.md) | [4,347](/filings/0001437749-25-033340.md) | [3,974 d](/filings/0001437749-26-007087.md) | [4,221](/filings/0001437749-26-014454.md) | [4,341](/filings/0001437749-26-027989.md) |
| Gross margin | % | [71.6%](/filings/0001437749-25-033340.md) | [75.6% d](/filings/0001437749-26-007087.md) | [72.8%](/filings/0001437749-26-014454.md) | [73.5%](/filings/0001437749-26-027989.md) | [73.9%](/filings/0001437749-25-033340.md) | [76.4% d](/filings/0001437749-26-007087.md) | [78.4%](/filings/0001437749-26-014454.md) | [81.3%](/filings/0001437749-26-027989.md) |
| Operating margin | % | [(140.0%)](/filings/0001437749-25-033340.md) | [(89.7%) d](/filings/0001437749-26-007087.md) | [(112.7%)](/filings/0001437749-26-014454.md) | [(338.3%)](/filings/0001437749-26-027989.md) | [(103.2%)](/filings/0001437749-25-033340.md) | [(109.8%) d](/filings/0001437749-26-007087.md) | [(79.9%)](/filings/0001437749-26-014454.md) | [(54.6%)](/filings/0001437749-26-027989.md) |
| Net margin | % | [(137.0%)](/filings/0001437749-25-033340.md) | [(88.4%) d](/filings/0001437749-26-007087.md) | [(112.1%)](/filings/0001437749-26-014454.md) | [(340.8%)](/filings/0001437749-26-027989.md) | [(104.3%)](/filings/0001437749-25-033340.md) | [(114.6%) d](/filings/0001437749-26-007087.md) | [(92.3%)](/filings/0001437749-26-014454.md) | [(61.0%)](/filings/0001437749-26-027989.md) |
| Diluted EPS | $ per share | [(0.54)](/filings/0001437749-25-033340.md) | not reported | [(0.28)](/filings/0001437749-26-014454.md) | [(3.88)](/filings/0001437749-26-027989.md) | [(0.25)](/filings/0001437749-25-033340.md) | not reported | [(0.15)](/filings/0001437749-26-014454.md) | [(0.52)](/filings/0001437749-26-027989.md) |
| Free cash flow | $k | [(3,821) d](/filings/0001437749-25-033340.md) | [(4,930) d](/filings/0001437749-26-007087.md) | [(606)](/filings/0001437749-26-014454.md) | [(2,295) d](/filings/0001437749-26-027989.md) | [(2,158) d](/filings/0001437749-25-033340.md) | [(2,222) d](/filings/0001437749-26-007087.md) | [(3,763)](/filings/0001437749-26-014454.md) | [(943) d](/filings/0001437749-26-027989.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [58.4](/filings/0000948708-23-000015.md) | [48.5](/filings/0000948708-24-000009.md) | [40.9](/filings/0000948708-25-000004.md) | [20.6](/filings/0001437749-26-007087.md) | [17.4](/filings/0001437749-26-007087.md) |
| Gross margin | % | [78.3%](/filings/0000948708-23-000015.md) | [70.7%](/filings/0000948708-24-000009.md) | [74.2%](/filings/0000948708-25-000004.md) | [70.2%](/filings/0001437749-26-007087.md) | [74.1%](/filings/0001437749-26-007087.md) |
| Operating margin | % | [(53.0%)](/filings/0000948708-23-000015.md) | [(63.7%)](/filings/0000948708-24-000009.md) | [(44.2%)](/filings/0000948708-25-000004.md) | [(240.3%)](/filings/0001437749-26-007087.md) | [(167.1%)](/filings/0001437749-26-007087.md) |
| Net margin | % | [(53.1%)](/filings/0000948708-23-000015.md) | [(60.4%)](/filings/0000948708-24-000009.md) | [(59.7%)](/filings/0000948708-25-000004.md) | [(236.9%)](/filings/0001437749-26-007087.md) | [(168.9%)](/filings/0001437749-26-007087.md) |
| Diluted EPS | $ per share | [(0.61)](/filings/0000948708-23-000015.md) | [(0.53)](/filings/0000948708-24-000009.md) | [(3.01)](/filings/0000948708-25-000004.md) | [(3.94)](/filings/0001437749-26-007087.md) | [(1.46)](/filings/0001437749-26-007087.md) |
| Free cash flow | $m | [(13.7)](/filings/0000948708-23-000015.md) | [(19.3)](/filings/0000948708-24-000009.md) | [(7.0)](/filings/0000948708-25-000004.md) | [(14.3)](/filings/0001437749-26-007087.md) | [(7.3)](/filings/0001437749-26-007087.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/smsi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $357.6k | 133,421 |  | New +133,421 |
| [Pacific Ridge Capital Partners, LLC](/funds/1591546.md) | 2026-06-30 | $279.1k | 104,145 |  | New +104,145 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $109.3k | 40,786 |  | New +40,786 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $75.1k | 28,038 |  | New +28,038 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $66.3k | 24,733 |  | New +24,733 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $63.3k | 23,625 |  | New +23,625 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $46.6k | 17,370 |  | New +17,370 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $24.3k | 9,063 |  | New +9,063 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $16.4k | 6,126 |  | New +6,126 |
| [WELLS FARGO & COMPANY/MN](/funds/72971.md) | 2026-06-30 | $5.8k | 2,148 |  | New +2,148 |

## Recent filings

[All 1,195 filings](/companies/smsi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-18 | 08:32 ET | [8-K](/filings/0001437749-26-030711.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-030711 |
| 2026-08-14 | 16:01 ET | [10-Q](/filings/0001437749-26-027989.md) | Quarterly report, period 2026-06-30 | 0001437749-26-027989 |
| 2026-08-13 | 16:02 ET | [8-K](/filings/0001437749-26-027656.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-027656 |
| 2026-07-14 | 18:08 ET | [SCHEDULE 13D/A](/filings/0001437749-26-023580.md) | Ownership report, active investor, amended | 0001437749-26-023580 |
| 2026-07-10 | 16:07 ET | [S-1](/filings/0001437749-26-023324.md) | Registration statement | 0001437749-26-023324 |
| 2026-06-23 | 16:00 ET | [8-K](/filings/0001437749-26-021428.md) | 8.01 Other events | 0001437749-26-021428 |
| 2026-06-12 | 08:36 ET | [8-K](/filings/0001437749-26-020391.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001437749-26-020391 |
| 2026-06-08 | 20:33 ET | [SCHEDULE 13D/A](/filings/0001437749-26-019891.md) | Ownership report, active investor, amended | 0001437749-26-019891 |
| 2026-05-28 | 16:01 ET | [SCHEDULE 13D/A](/filings/0001437749-26-018746.md) | Ownership report, active investor, amended | 0001437749-26-018746 |
| 2026-05-26 | 16:00 ET | [8-K](/filings/0001437749-26-018372.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001437749-26-018372 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-007087.md), filed Mar 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/e80c416f-ef31-4f8f-9dbf-2bc85aa79feb)

## About the filer

- CIK: 948708
- Tickers: SMSI
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:29 ET. No prices; not investment advice.
