SMITH MICRO SOFTWARE, INC.
Business
Smith Micro provides software solutions to wireless service providers and cable operators globally that simplify and enhance the mobile experience. The company offers SafePath family digital lifestyle and device management tools, CommSuite premium messaging and visual voicemail platforms, and previously offered ViewSpot retail display management. Products are delivered primarily to mobile network operators and cable multiple system operators as carrier-grade white-label platforms and value-added services.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 17 | 21 | — | — | — | |
| Cost of revenues (including depreciation of $1 and $15 in the years ended December 31, 2025 and 2024, respectively) | 5 | 6 | — | — | — | |
| Gross profit | 13 | 14 | 30 | 34 | 46 | |
| Selling and marketing | 6 | 9 | 11 | 13 | 12 | |
| Research and development | 11 | 14 | 17 | 29 | 26 | |
| General and administrative | 10 | 11 | 13 | 16 | 18 | |
| Depreciation and amortization | 5 | 6 | 7 | 7 | — | |
| Gain on sale of ViewSpot, net | −1 | 0 | — | — | — | |
| Goodwill impairment | 11 | 24 | 0 | — | — | |
| Total operating expenses | 42 | 64 | 48 | 65 | 77 | |
| Operating loss | −29 | −49 | −18 | −31 | −31 | |
| Change in fair value of warrant liabilities | 179,000 | 372,000 | — | — | — | |
| Interest (expense) income, net | −407,000 | 112,000 | — | — | — | |
| Other (expense) income, net | −164,000 | 196,000 | −52,000 | −115,000 | 76,000 | |
| Loss before benefit for income tax | −29 | −49 | −24 | −29 | −31 | |
| Income tax benefit | −76,000 | −13,000 | 158,000 | 226,000 | 215,000 | |
| Net loss | −29 | −49 | −24 | −29 | −31 | |
| Deemed dividend | −769,000 | 0 | — | — | — | |
| Net loss attributable to common stockholders | −30 | −49 | — | — | — | |
| Basic and diluted (in dollars per share) | −1.46 | −3.94 | −3.01 | −0.53 | −0.61 | |
| Basic and diluted (in shares) | 21 | 12 | 8 | 55 | 51 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 3 | 7 | 14 | 16 | |
| Accounts receivable, net of related allowances of $0 and $3 at December 31, 2025 and 2024, respectively | 2 | 6 | 8 | 11 | 11 | |
| Prepaid expenses and other current assets | 1 | 1 | 2 | 2 | 2 | |
| Total current assets | 5 | 10 | 17 | 27 | 29 | |
| Equipment and improvements, net | 331,000 | 538,000 | 883,000 | 1 | 3 | |
| Right-of-use assets | 1 | 2 | 3 | 4 | 5 | |
| Other assets | 500,000 | 496,000 | 482,000 | 490,000 | 620,000 | |
| Intangible assets, net | 18 | 24 | 30 | 36 | 43 | |
| Goodwill | 0 | 11 | 35 | 35 | 35 | |
| Total assets | 25 | 48 | 86 | 104 | 115 | |
| Accounts payable | 2 | 2 | 3 | 3 | 3 | |
| Accrued payroll and benefits | 1 | 2 | — | — | — | |
| Current operating lease liabilities | 914,000 | 1 | 1 | 1 | 1 | |
| Other current liabilities | 773,000 | 940,000 | — | — | — | |
| Notes payable net of discount | 1 | 0 | — | — | — | |
| Total current liabilities | 6 | 6 | 8 | 21 | 9 | |
| Warrant liabilities | 45,000 | 224,000 | — | — | — | |
| Operating lease liabilities | 417,000 | 1 | 2 | 3 | 4 | |
| Deferred tax liabilities, net | 0 | 128,000 | 168,000 | 178,000 | 117,000 | |
| Total non-current liabilities | 462,000 | 2 | 3 | 6 | 5 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, par value $0.001 per share; 100,000,000 shares authorized; 25,798,092 and 17,673,404 shares issued and outstanding at December 31, 2025 and 2024, respectively | 26,000 | 18,000 | 9,000 | 56,000 | 54,000 | |
| Additional paid-in capital | 403 | 395 | — | — | — | |
| Accumulated comprehensive deficit | −385 | −355 | — | — | — | |
| Total stockholders equity | 18 | 41 | 75 | 76 | 101 | |
| Total liabilities and stockholders' equity | 25 | 48 | 86 | 104 | 115 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 5 | 6 | 7 | 8 | — | |
| Non-cash lease expense | 13,000 | −304,000 | — | — | — | |
| Amortization of debt discount and financing issuance costs | 239,000 | 0 | — | — | — | |
| Stock based compensation | 4 | 5 | 5 | 5 | 5 | |
| Deferred income taxes | −128,000 | −40,000 | — | — | — | |
| Gain on license of patents, net | 0 | −198,000 | — | — | — | |
| Accounts receivable | 4 | 2 | 3 | 85,000 | 8 | |
| Prepaid expenses and other assets | 247,000 | 361,000 | 12,000 | −25,000 | −268,000 | |
| Accounts payable, accrued, and other liabilities | −736,000 | −2 | −3 | −1 | −16 | |
| Net cash used in operating activities | −7 | −14 | −7 | −19 | −13 | |
| Capital expenditures, net | −88,000 | −20,000 | — | — | — | |
| Proceeds from sale of ViewSpot, net | 1 | 0 | — | — | 192,000 | |
| Proceeds from license of patents, net | 0 | 198,000 | — | — | — | |
| Net cash provided by investing activities | 1 | 178,000 | 132,000 | 115,000 | −58 | |
| Issuance of Common Stock and warrants in connection with common stock offering, net of issuance costs | 3 | 10 | 0 | — | — | |
| Issuance of Notes payable and warrants | 1 | 0 | — | — | — | |
| Proceeds from financing arrangements | 933,000 | 1 | 981,000 | 2 | 0 | |
| Repayments of financing arrangements | −940,000 | −1 | — | — | — | |
| Other financing activities | 2,000 | 5,000 | −5,000 | 58,000 | 102,000 | |
| Net cash provided by financing activities | 5 | 10 | −60,000 | 17 | 61 | |
| Net decrease in cash and cash equivalents | −1 | −4 | −7 | −2 | −10 | |
| Deemed dividend | 769,000 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SMITH MICRO SOFTWARE, INC.'s CIK number?
SMITH MICRO SOFTWARE, INC.'s SEC CIK number is 0000948708 (948708). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SMITH MICRO SOFTWARE, INC.'s SEC filings?
All of SMITH MICRO SOFTWARE, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SMITH MICRO SOFTWARE, INC. last report earnings?
SMITH MICRO SOFTWARE, INC. (SMSI) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-013856). This is SMITH MICRO SOFTWARE, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SMITH MICRO SOFTWARE, INC.'s most recent earnings 8-K?
SMITH MICRO SOFTWARE, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001437749-26-013856. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SMITH MICRO SOFTWARE, INC.'s latest earnings 8-K →
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