SMITH MICRO SOFTWARE, INC. Income Statement
SMSI|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
SMITH MICRO SOFTWARE, INC. reported $21M in revenue and $49M in net loss for FY2025. Revenue has declined at a 11.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -6.45 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.6M | $40.9M | $48.5M | $58.4M | $51.3M | $43.3M | $26.3M | $23.0M | $39.5M | $37.0M | $42.7M | $43.3M | $57.8M | $130.5M | $107.3M |
| Cost of Revenue | $6.1M | $10.6M | $14.2M | $12.7M | $5.2M | $3.9M | $4.3M | $5.1M | $8.2M | $9.3M | $9.7M | $8.4M | $13.8M | $15.5M | $15.5M |
| Gross Profit | $14.4M | $30.3M | $34.3M | $45.7M | $46.1M | $39.4M | $22.0M | $17.9M | $31.4M | $27.7M | $33.0M | $34.9M | $44.0M | $115.0M | $91.8M |
| SG&A Expense | $10.6M | $12.8M | $15.5M | $17.9M | $12.8M | $9.9M | $8.6M | $8.6M | $11.1M | $13.2M | $18.2M | $20.2M | $25.3M | $24.1M | $19.2M |
| R&D Expense | $14.1M | $17.1M | $29.4M | $26.2M | $17.8M | $11.7M | $8.6M | $9.0M | $13.9M | $14.2M | $21.3M | $24.8M | $41.7M | $42.8M | $36.5M |
| Operating Income | -$49.4M | -$18.1M | -$30.9M | -$30.9M | $3.5M | $10.1M | -$1.2M | -$5.7M | -$2.5M | -$11.7M | -$27.8M | -$27.0M | -$165.7M | $18.4M | $11.1M |
| Interest Expense | - | - | -$2.7M | $34.0K | $96.0K | $228.0K | -$472.0K | -$1.1M | $1.0K | -$5.0K | - | - | - | - | - |
| Income Tax | -$13.0K | $158.0K | $226.0K | $215.0K | $160.0K | $80.0K | $13.0K | -$546.0K | $68.0K | $49.0K | $153.0K | -$234.0K | -$5.9M | $6.2M | $6.7M |
| Net Income | -$48.7M | -$24.4M | -$29.3M | -$31.0M | $4.2M | $10.7M | -$2.7M | -$6.7M | -$2.6M | -$11.8M | -$28.0M | -$25.5M | -$159.6M | $12.3M | $4.8M |
| EPS (Basic) | -$3.94 | -$3.01 | -$0.53 | -$0.61 | - | $0.31 | -$0.14 | -$0.49 | -$0.23 | -$1.16 | -$0.76 | -$0.71 | -$4.48 | $0.36 | $0.15 |
| EPS (Diluted) | -$3.94 | -$3.01 | -$0.53 | -$0.61 | $0.10 | $0.29 | -$0.14 | -$0.49 | -$0.23 | -$1.16 | -$0.76 | -$0.71 | -$4.48 | $0.36 | $0.14 |
| Shares Outstanding | 76.8M | 9.3M | 56.2M | 54.3M | 41.2M | 38.5M | 28.2M | 14.3M | 12.3M | 11.4M | 45.0M | 37.0M | 35.9M | 35.6M | 35.0M |
| Gross Margin | 70.2% | 74.2% | 70.7% | 78.3% | 89.9% | 90.9% | 83.5% | 77.9% | 79.4% | 74.8% | 77.3% | 80.5% | 76.2% | 88.1% | 85.6% |
| Operating Margin | -240.3% | -44.2% | -63.7% | -53.0% | 6.9% | 23.3% | -4.6% | -24.7% | -6.4% | -31.8% | -65.2% | -62.3% | -286.8% | 14.1% | 10.4% |
| Profit Margin | -236.9% | -59.7% | -60.4% | -53.1% | 8.1% | 24.7% | -10.4% | -29.0% | -6.6% | -31.9% | -65.5% | -58.8% | -276.3% | 9.5% | 4.4% |