Company / R&D Expense
SMITH MICRO SOFTWARE, INC. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$14.1M
FY2025
5-year range
$14.1M / $29.4M
FY2021-FY2025
Trend
-17.8%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $29M to $14M over the past 2 years.
Based on SEC 10-K filings.
$14M in FY2025 with a 5-year CAGR of +3.8%.
Declined from $29M to $14M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -18.7%
- 5-Year CAGR
- +3.8%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +3.8%, indicating consistent growth.
- In FY2025, r&d expense decreased 17.8% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2019.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $14.1M | -17.8% |
| FY2024 | $17.1M | -41.7% |
| FY2023 | $29.4M | +12.2% |
| FY2022 | $26.2M | +47.4% |
| FY2021 | $17.8M | +52.1% |
| FY2020 | $11.7M | +35.8% |
| FY2019 | $8.6M | -3.9% |
| FY2018 | $9.0M | -35.4% |
| FY2017 | $13.9M | -2.3% |
| FY2016 | $14.2M | -33.4% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026