Smith Micro Software, Inc. income statement

In fiscal 2025, Smith Micro Software, Inc. reported revenue of $17.4m, down 15.5% on the year before, operating income of −$29.0m (a -167.1% margin) and net income of −$29.3m, or −$1.46 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

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Smith Micro Software, Inc.: income statement, annual
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
Revenue	107	131	58	43	43	37	40	28	23	26	43	51	58	49	41	21	17	17
Cost of revenue	15	16	14	8	10	9	8	8	5	4	4	5	13	14	11	6	5	4
Gross profit	92	115	44	35	33	28	31	21	18	22	39	46	46	34	30	14	13	13
Research and development	37	43	42	25	21	14	14	16	9	9	12	18	26	29	17	14	11	8
Selling and marketing	25	30	27	17	16	10	9	10	6	6	8	9	12	13	11	9	6	5
General and administrative	19	24	25	20	18	13	11	10	9	9	10	13	18	16	13	11	10	9
Operating income	11	18	−166	−27	−28	−12	−3	−16	−6	−1	10	4	−31	−31	−18	−49	−29	−15
Interest expense	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	−0	0	1
Net interest income	—	—	—	—	—	−0	0	−0	−1	−0	0	0	0	−3	−6	—	—	—
Income before tax	11	19	−166	−26	−28	−12	−3	−16	−7	−3	11	4	−31	−29	−24	−49	−29	−16
Income tax	7	6	−6	−0	0	0	0	−0	−1	0	0	0	0	0	0	−0	−0	−0
Net income	5	12	−160	−25	−28	−12	−3	−15	−7	−3	11	4	−31	−29	−24	−49	−29	−16
Diluted EPS	$4.48	$11.52	−$143.36	−$22.72	−$24.32	−$9.28	−$1.84	−$1.28	−$0.49	−$0.14	$0.29	$4.00	−$0.61	−$0.53	−$3.01	−$3.94	−$1.46	—
Diluted shares (average)	1m	1m	1m	1m	1m	1m	1m	1m	2m	3m	5m	5m	6m	7m	8m	12m	21m	—
EBITDA	22	30	−155	−23	−24	−9	−1	−15	−5	−1	11	4	−30	−23	−11	−43	−24	−9

US$ millions unless shown otherwise. Fiscal quarters.

Smith Micro Software, Inc.: income statement, quarterly
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	5	5	5	4	4	4	4	4
Cost of revenue	1	1	1	1	1	1	1	1
Gross profit	3	4	3	3	3	3	3	4
Research and development	4	3	3	3	3	3	2	1
Selling and marketing	2	2	2	2	1	1	1	1
General and administrative	3	2	3	3	2	2	2	2
Operating income	−7	−4	−5	−15	−4	−4	−3	−2
Interest expense	0	−0	0	0	0	0	1	0
Income before tax	−6	−4	−5	−15	−5	−5	−4	−3
Income tax	0	−0	0	0	0	−0	0	0
Net income	−6	−4	−5	−15	−5	−5	−4	−3
Diluted EPS	−$0.54	$0.23	−$1.40	−$3.88	−$1.25	−$0.16	−$0.75	−$0.52
EBITDA	−5	−3	−4	−14	−3	−3	−2	−1

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Smith Micro Software, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smith Micro Software, Inc.