SMITH MICRO SOFTWARE, INC.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
SMSI$2.28+1.3%Stored close · as of Nov 9, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $17,363 | $20,555 |
| Cost of revenues (including depreciation of $1 and $15 in the years ended December 31, 2025 and 2024, respectively) | 4,505 | 6,126 |
| Gross profit | 12,858 | 14,429 |
| Operating expenses: | | |
| Selling and marketing | 5,978 | 8,877 |
| Research and development | 10,719 | 14,085 |
| General and administrative | 10,009 | 10,583 |
| Depreciation and amortization | 5,398 | 6,285 |
| Gain on sale of ViewSpot, net | (1,287) | — |
| Goodwill impairment | 11,052 | 23,989 |
| Total operating expenses | 41,869 | 63,819 |
| Operating loss | (29,011) | (49,390) |
| Other (expense) income: | | |
| Change in fair value of warrant liabilities | 179 | 372 |
| Interest (expense) income, net | (407) | 112 |
| Other (expense) income, net | (164) | 196 |
| Loss before benefit for income tax | (29,403) | (48,710) |
| Income tax benefit | (76) | (13) |
| Net loss | $(29,327) | $(48,697) |
| Deemed dividend | (769) | — |
| Net loss attributable to common stockholders | $(30,096) | $(48,697) |
| | | |
| Net loss per share attributable to common stockholders – basic and diluted | | |
| Basic and diluted | $(1.46) | $(3.94) |
| | | |
| Weighted average shares outstanding: | | |
| Basic and diluted | 20,605 | 12,367 |
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