Smith Micro Software, Inc. balance sheet
At the end of fiscal 2025, Smith Micro Software, Inc. had total assets of $25.0m and shareholders' equity of $18.4m. It held $1.5m in cash against $1.0m of debt.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 15 | 18 | 7 | 19 | 12 | 10 | 9 | 2 | 2 | 12 | 28 | 26 | 16 | 14 | 7 | 3 | 1 | 3 |
| Receivables | — | 30 | 9 | 9 | 8 | 8 | 8 | 5 | 5 | 7 | 11 | 12 | 11 | 11 | 8 | 6 | 2 | 3 |
| Inventory | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | 109 | 64 | 43 | 24 | 23 | 22 | 8 | 8 | 20 | 40 | 39 | 29 | 27 | 17 | 10 | 5 | 7 |
| Goodwill | — | 94 | 0 | — | — | — | — | 4 | 4 | 4 | 8 | 12 | 35 | 35 | 35 | 11 | 0 | — |
| Total assets | — | 235 | 80 | 54 | 32 | 27 | 24 | 14 | 14 | 25 | 61 | 73 | 115 | 104 | 86 | 48 | 25 | 26 |
| Accounts payable | — | 5 | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 |
| Deferred revenue (current) | — | 2 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | — | — |
| Total current liabilities | — | 15 | 12 | 8 | 10 | 9 | 7 | 6 | 5 | 3 | 6 | 8 | 9 | 21 | 8 | 6 | 6 | 5 |
| Long-term debt | — | 0 | 4 | — | — | — | — | 3 | 4 | — | — | — | 0 | — | — | — | — | — |
| Total debt | 0 | 0 | 4 | 3 | 0 | 0 | 0 | 3 | 4 | 2 | 0 | 0 | 0 | 9 | — | 0 | 1 | 2 |
| Shareholders' equity | 188 | 218 | 65 | 43 | 18 | 15 | 14 | 3 | 5 | 21 | 49 | 59 | 101 | 76 | 75 | 41 | 18 | 17 |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9m | — | 21m | 6m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 3 | 6 | 3 | 3 | 3 | 2 | 3 | 3 |
| Total current assets | 6 | 10 | 7 | 6 | 5 | 5 | 6 | 7 |
| Goodwill | 11 | 11 | 11 | 0 | 0 | 0 | — | — |
| Total assets | 46 | 48 | 43 | 30 | 27 | 25 | 26 | 26 |
| Accounts payable | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Deferred revenue (current) | — | 0 | — | — | — | — | — | — |
| Total current liabilities | 6 | 6 | 6 | 6 | 7 | 6 | 4 | 5 |
| Shareholders' equity | 38 | 41 | 37 | 22 | 20 | 18 | 18 | 17 |
| Shares outstanding | 12m | 18m | 19m | 19m | 21m | 5m | 26m | 6m |
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