Phunware, Inc. income statement
In fiscal 2025, Phunware, Inc. reported revenue of $2.6m, down 19.9% on the year before, operating income of −$20.5m (a -803.7% margin) and net income of −$11.4m, or −$0.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 31 | 19 | 10 | 11 | 7 | 5 | 3 | 3 | 3 |
| Cost of revenue | 16 | 12 | 9 | 3 | 7 | 3 | 3 | 2 | 1 | 1 |
| Gross profit | 11 | 19 | 10 | 7 | 4 | 4 | 2 | 1 | 1 | 2 |
| Research and development | 11 | 7 | 4 | 3 | 4 | 6 | 4 | 2 | 3 | 4 |
| Selling and marketing | 11 | 5 | 3 | 2 | 3 | 4 | 3 | 3 | 3 | 4 |
| General and administrative | 15 | 14 | 15 | 15 | 13 | 17 | 14 | 10 | 15 | 16 |
| Operating income | −26 | −7 | −12 | −17 | −17 | −24 | −46 | −14 | −21 | −22 |
| Interest expense | 0 | 1 | 1 | 3 | 4 | 2 | 2 | 0 | 0 | 0 |
| Net interest income | — | — | — | — | −4 | −2 | — | — | — | — |
| Income before tax | −26 | −10 | −13 | −22 | −54 | −45 | −42 | −10 | −11 | −13 |
| Income tax | −0 | −0 | 0 | 0 | −0 | 0 | 0 | 0 | −0 | −0 |
| Net income | −26 | −10 | −13 | −22 | −54 | −51 | −53 | −10 | −11 | −13 |
| Diluted EPS | −$53.00 | −$19.00 | −$0.35 | −$0.50 | −$0.71 | −$0.51 | — | −$0.94 | −$0.57 | −$0.64 |
| Diluted shares (average) | — | — | — | — | 2m | 2m | 2m | 11m | 20m | 20m |
| EBITDA | −25 | −7 | −12 | −17 | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 665 | 592 | 688 | 455 | 622 | 788 | 542 | 799 |
| Cost of revenue | 343 | 454 | 329 | 265 | 335 | 333 | 158 | 248 |
| Gross profit | 322 | 138 | 359 | 190 | 287 | 455 | 384 | 551 |
| Research and development | 612 | 673 | 813 | 970 | 679 | 701 | 878 | 1,453 |
| Selling and marketing | 619 | 934 | 896 | 690 | 800 | 966 | 825 | 1,283 |
| General and administrative | 2,281 | 3,422 | 3,464 | 2,790 | 2,308 | 6,733 | 2,703 | 3,864 |
| Operating income | −3,190 | −4,891 | −4,814 | −4,260 | −3,500 | −7,945 | −4,022 | −6,049 |
| Interest expense | 10 | 9 | 9 | 5 | 9 | 9 | 9 | 9 |
| Income before tax | −2,760 | −2,592 | −3,723 | −3,144 | −2,409 | −2,144 | −3,194 | −5,249 |
| Income tax | 0 | 41 | 0 | 0 | 0 | −19 | 0 | 0 |
| Net income | −2,760 | −2,633 | −3,723 | −3,144 | −2,409 | −2,125 | −3,194 | −5,249 |
| Diluted EPS | −$0.25 | −$0.06 | −$0.18 | −$0.16 | −$0.12 | −$0.11 | −$0.16 | −$0.26 |
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