InsiderClue
Stocks · Technology · Services-Prepackaged Software

SMITH MICRO SOFTWARE, INC.

SMSI Clue Score25
United States Fiscal year ends December CIK 0000948708
$2.61 +2.76% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.61 −49.22% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue28.2Operating income−15.9Net income−15.3EPS, diluted−1.28Fiscal year 2017Revenue23.0 −18.6%Operating income−5.7Net income−6.7EPS, diluted−0.49Fiscal year 2018Revenue26.3 +14.4%Operating income−1.2Net income−2.7EPS, diluted−0.14Fiscal year 2019Revenue43.3 +64.9%Operating income10.1Net income10.7EPS, diluted0.29Fiscal year 2020Revenue51.3 +18.4%Operating income3.5Net income4.2 −61.2%EPS, diluted0.10Fiscal year 2021Revenue58.4 +13.9%Operating income−30.9Net income−31.0 −845.3%EPS, diluted−0.61Fiscal year 2022Revenue48.5 −17.0%Operating income−30.9Net income−29.3EPS, diluted−0.53Fiscal year 2023Revenue40.9 −15.8%Operating income−18.1Net income−24.4EPS, diluted−3.01Fiscal year 2024Revenue20.6 −49.7%Operating income−49.4Net income−48.7EPS, diluted−3.94Fiscal year 2025Revenue17.4 −15.5%Operating income−29.0Net income−29.3EPS, diluted−1.46
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 28.2 23.0 26.3 43.3 51.3 58.4 48.5 40.9 20.6 17.4
Growth −18.6% +14.4% +64.9% +18.4% +13.9% −17.0% −15.8% −49.7% −15.5%
Operating income −15.9 −5.7 −1.2 10.1 3.5 −30.9 −30.9 −18.1 −49.4 −29.0
Net income −15.3 −6.7 −2.7 10.7 4.2 −31.0 −29.3 −24.4 −48.7 −29.3
Growth −61.2% −845.3%
EPS, diluted −1.28 −0.49 −0.14 0.29 0.10 −0.61 −0.53 −3.01 −3.94 −1.46

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin73.2%Operating margin−56.3%Net margin−54.3%Free cash flow margin−42.5%Fiscal year 2017Gross margin77.9%Operating margin−24.7%Net margin−29.0%Free cash flow margin−32.6%Fiscal year 2018Gross margin83.5%Operating margin−4.6%Net margin−10.4%Free cash flow margin−11.6%Fiscal year 2019Gross margin90.9%Operating margin23.3%Net margin24.7%Free cash flow margin19.2%Fiscal year 2020Gross margin89.9%Operating margin6.9%Net margin8.1%Free cash flow margin12.9%Fiscal year 2021Gross margin78.3%Operating margin−53.0%Net margin−53.1%Free cash flow margin−23.5%Fiscal year 2022Gross margin70.7%Operating margin−63.7%Net margin−60.4%Free cash flow margin−39.8%Fiscal year 2023Gross margin74.2%Operating margin−44.2%Net margin−59.7%Free cash flow margin−17.1%Fiscal year 2024Gross margin70.2%Operating margin−240.3%Net margin−236.9%Free cash flow margin−69.6%Fiscal year 2025Gross margin74.1%Operating margin−167.1%Net margin−168.9%Free cash flow margin−41.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 73.2% 77.9% 83.5% 90.9% 89.9% 78.3% 70.7% 74.2% 70.2% 74.1%
Operating margin −56.3% −24.7% −4.6% 23.3% 6.9% −53.0% −63.7% −44.2% −240.3% −167.1%
Net margin −54.3% −29.0% −10.4% 24.7% 8.1% −53.1% −60.4% −59.7% −236.9% −168.9%
Free cash flow margin −42.5% −32.6% −11.6% 19.2% 12.9% −23.5% −39.8% −17.1% −69.6% −41.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−11.5Capital expenditure−0.5Free cash flow−12.0Fiscal year 2017Operating cash flow−7.4Capital expenditure−0.1Free cash flow−7.5Fiscal year 2018Operating cash flow−2.9Capital expenditure−0.2Free cash flow−3.0Fiscal year 2019Operating cash flow10.0Capital expenditure−1.7Free cash flow8.3Fiscal year 2020Operating cash flow7.9Capital expenditure−1.3Free cash flow6.6 −20.7%Fiscal year 2021Operating cash flow−12.9Capital expenditure−0.8Free cash flow−13.7 −308.2%Fiscal year 2022Operating cash flow−19.3Capital expenditure−0.0Free cash flow−19.3Fiscal year 2023Operating cash flow−7.0Capital expenditure−0.0Free cash flow−7.0Fiscal year 2024Operating cash flow−14.3Capital expenditure−0.0Free cash flow−14.3Fiscal year 2025Operating cash flow−7.2Capital expenditure−0.1Free cash flow−7.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −11.5 −7.4 −2.9 10.0 7.9 −12.9 −19.3 −7.0 −14.3 −7.2
Capital expenditure −0.5 −0.1 −0.2 −1.7 −1.3 −0.8 −0.0 −0.0 −0.0 −0.1
Free cash flow −12.0 −7.5 −3.0 8.3 6.6 −13.7 −19.3 −7.0 −14.3 −7.3
Growth −20.7% −308.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.2Total debt2.6Net cash (debt)−0.4Shareholders’ equity3.1Debt to equity0.85Fiscal year 2017Cash2.2Total debt3.8Net cash (debt)−1.6Shareholders’ equity4.6Debt to equity0.83Fiscal year 2018Cash12.2Shareholders’ equity20.6Fiscal year 2019Cash28.3Shareholders’ equity48.7Fiscal year 2020Cash25.8Shareholders’ equity58.7Fiscal year 2021Cash16.1Shareholders’ equity100.6Fiscal year 2022Cash14.0Shareholders’ equity76.4Fiscal year 2023Cash7.1Shareholders’ equity75.4Fiscal year 2024Cash2.8Shareholders’ equity40.8Fiscal year 2025Cash1.5Shareholders’ equity18.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.2 2.2 12.2 28.3 25.8 16.1 14.0 7.1 2.8 1.5
Total debt 2.6 3.8 n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) −0.4 −1.6 n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 3.1 4.6 20.6 48.7 58.7 100.6 76.4 75.4 40.8 18.4
Debt to equity 0.85 0.83 n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018† 31 Dec 2018 FY2019† 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024† 31 Dec 2024 FY2025† 31 Dec 2025
Assets
2.2 2.2 12.2 28.3 25.8 16.1 14.0 7.1 2.8 1.5
5.0 5.1 7.1 10.9 12.3 10.6 10.5 7.9 5.7 1.8
0.0 n/a n/a n/a n/a n/a n/a n/a n/a n/a
1.8 1.2 0.9 2.1 2.2 2.7 1.5 0.9 0.5 0.3
3.7 3.7 3.7 7.8 12.3 35.0 35.0 35.0 11.1 0.0
14.3 13.9 25.2 61.2 72.9 114.5 103.6 85.6 48.0 25.0
Growth −3.0% +81.6% +142.8% +19.1% +57.1% −9.5% −17.4% −43.9% −48.0%
Liabilities
2.6 3.8 n/a n/a n/a n/a n/a n/a n/a n/a
calc 2.6 3.8 n/a n/a n/a n/a n/a n/a n/a n/a
Equity
−226.2 −232.9 −236.1 −225.4 −221.2 −252.3 −281.6 −305.9 −354.6 n/a
3.1 4.6 20.6 48.7 58.7 100.6 76.4 75.4 40.8 18.4
Growth +49.3% +350.3% +136.8% +20.6% +71.3% −24.0% −1.3% −45.9% −54.9%
Per share and net cash
calc −0.4 −1.6 n/a n/a n/a n/a n/a n/a n/a n/a
12.3 14.3 28.2 38.5 41.2 54.3 56.2 9.3 17.7 25.8
calc 0.25 0.32 0.73 1.27 1.42 1.85 1.36 8.06 2.31 0.71

† The diluted share count jumps at 2018 and 2019 and 2023 and 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.