Smith Micro Software, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.4M | $20.6M | $40.9M | $48.5M | $58.4M | $51.3M | $43.3M | $26.3M |
| Cost of Revenue | $4.5M | $6.1M | $10.6M | $14.2M | $12.7M | $5.2M | $3.9M | $4.3M |
| Gross Profit | $12.9M | $14.4M | $30.3M | $34.3M | $45.7M | $46.1M | $39.4M | $22.0M |
| Gross Margin | 74.1% | 70.2% | 74.2% | 70.7% | 78.3% | 89.9% | 90.9% | 83.5% |
| Operating Expenses | ||||||||
| Research & Development | $10.7M | $14.1M | $17.1M | $29.4M | $26.2M | $17.8M | $11.7M | $8.6M |
| SG&A Expense | $10.0M | $10.6M | $12.8M | $15.5M | $17.9M | $12.8M | $9.9M | $8.6M |
| Operating Income | $-29.0M | $-49.4M | $-18.1M | $-30.9M | $-30.9M | $3.5M | $10.1M | $-1.2M |
| Operating Margin | -167.1% | -240.3% | -44.2% | -63.7% | -53.0% | 6.9% | 23.3% | -4.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-29.4M | $-48.7M | $-24.2M | $-29.1M | $-30.8M | $4.3M | $10.8M | $-2.7M |
| Income Tax Expense | $-76.0K | $-13.0K | $158.0K | $226.0K | $215.0K | $160.0K | $80.0K | $13.0K |
| Net Income | $-29.3M | $-48.7M | $-24.4M | $-29.3M | $-31.0M | $4.2M | $10.7M | $-2.7M |
| Net Margin | -168.9% | -236.9% | -59.7% | -60.4% | -53.1% | 8.1% | 24.7% | -10.4% |
| EPS (Basic) | $-1.46 | $-3.94 | $-3.01 | $-0.53 | $-0.61 | $0.10 | $0.31 | $-0.14 |
| EPS (Diluted) | $-1.46 | $-3.94 | $-3.01 | $-0.53 | $-0.61 | $0.10 | $0.29 | $-0.14 |
| Shares Outstanding (Basic) | 20.6M | 12.4M | 8.1M | 55.4M | 51.2M | 40.8M | 34.5M | 22.3M |
| Shares Outstanding (Diluted) | 20.6M | 12.4M | 8.1M | 55.4M | 51.2M | 42.8M | 37.0M | 22.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |