SMITH MICRO SOFTWARE, INC.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 5, 2026
SMSI$2.21-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | | |
| Net loss | $(29,327) | $(48,697) |
| Adjustments to reconcile net loss to net cash used in operating activities: | | |
| Depreciation and amortization | 5,399 | 6,300 |
| Goodwill impairment | 11,052 | 23,989 |
| Non-cash lease expense | 13 | (304) |
| Change in fair value of warrant liabilities | (179) | (372) |
| Amortization of debt discount and financing issuance costs | 239 | — |
| Stock based compensation | 3,609 | 4,503 |
| Gain on sale of ViewSpot, net | (1,287) | — |
| Deferred income taxes | (128) | (40) |
| Gain on license of patents, net | — | (198) |
| Changes in operating accounts: | | |
| Accounts receivable | 3,905 | 2,191 |
| Prepaid expenses and other assets | 247 | 361 |
| Accounts payable, accrued, and other liabilities | (736) | (2,028) |
| Net cash used in operating activities | (7,193) | (14,295) |
| Investing activities: | | |
| Capital expenditures, net | (88) | (20) |
| Proceeds from sale of ViewSpot, net | 1,287 | — |
| Proceeds from license of patents, net | — | 198 |
| Net cash provided by investing activities | 1,199 | 178 |
| Financing activities: | | |
| Issuance of Common Stock and warrants in connection with common stock offering, net of issuance costs | 3,352 | 9,839 |
| Issuance of Notes payable and warrants | 1,333 | — |
| Proceeds from financing arrangements | 933 | 1,043 |
| Repayments of financing arrangements | (940) | (1,087) |
| Other financing activities | 2 | 5 |
| Net cash provided by financing activities | 4,680 | 9,800 |
| Net decrease in cash and cash equivalents | (1,314) | (4,317) |
| Cash and cash equivalents, beginning of period | 2,808 | 7,125 |
| Cash and cash equivalents, end of period | $1,494 | $2,808 |
| | | |
| Supplemental disclosure of non-cash financing activities: | | |
| Deemed dividend | $769 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.