📊 SMSI Key Takeaways
Is Smith Micro Software, Inc.. (SMSI) a Good Investment?
Smith Micro faces imminent liquidity crisis with $3.8M annual cash burn against only $1.7M cash reserves (5-month runway). Zero revenue growth and -79.9% operating margins indicate fundamental business dysfunction, despite improving loss trajectory. Structural profitability issues and minimal financial runway create existential risk without major operational restructuring or external capital injection.
Smith Micro Software, Inc.. Key Strengths (SMSI)
- Strong gross margin of 78.4% demonstrates viable unit economics for software/services offering
- Improving loss trajectory: net income and EPS both improving significantly YoY despite absolute losses
- Conservative leverage at 0.21x debt-to-equity provides some financial flexibility
SMSI Stock Risks: Smith Micro Software, Inc.. Investment Risks
- Critical liquidity crisis: $3.8M annual cash burn versus $1.7M cash (approximately 5-month runway to insolvency)
- Fundamental business stagnation: flat revenue growth (0% YoY) with unsustainable -79.9% operating margins indicating structural cost issues
- Negative interest coverage ratio (-41.6x) makes company unable to service debt from operations; dependent on external funding or asset liquidation
Key Metrics to Watch
- Monthly cash burn rate and remaining runway (survival metric)
- Revenue growth inflection point (current zero growth unsustainable)
- Operating expense reduction progress and path to operating profitability
Smith Micro Software, Inc.. (SMSI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Smith Micro Software, Inc.. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
SMSI Profit Margin, ROE & Profitability Analysis
SMSI vs Technology Sector: How Smith Micro Software, Inc.. Compares
How Smith Micro Software, Inc.. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Smith Micro Software, Inc.. Stock Overvalued? SMSI Valuation Analysis 2026
Based on fundamental analysis, Smith Micro Software, Inc.. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Smith Micro Software, Inc.. Balance Sheet: SMSI Debt, Cash & Liquidity
SMSI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Smith Micro Software, Inc..'s revenue has declined by 65% over the 5-year period, indicating business contraction. The most recent EPS of $-3.94 indicates the company is currently unprofitable.
SMSI Revenue Growth, EPS Growth & YoY Performance
SMSI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $4.2M | -$3.9M | $-0.15 |
| Q3 2025 | $4.3M | -$4.5M | $-0.25 |
| Q2 2025 | $4.4M | -$6.9M | $-0.66 |
| Q1 2025 | $4.6M | -$5.2M | $-0.28 |
| Q3 2024 | $4.6M | -$5.1M | $-0.54 |
| Q2 2024 | $5.1M | -$5.7M | $-0.66 |
| Q1 2024 | $5.8M | -$6.9M | $-0.97 |
| Q3 2023 | $11.0M | -$5.1M | $-0.08 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Smith Micro Software, Inc.. Dividends, Buybacks & Capital Allocation
SMSI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Smith Micro Software, Inc.. (CIK: 0000948708)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SMSI
What is the AI rating for SMSI?
Smith Micro Software, Inc.. (SMSI) has an AI grade of D with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SMSI's key strengths?
Claude: Strong gross margin of 78.4% demonstrates viable unit economics for software/services offering. Improving loss trajectory: net income and EPS both improving significantly YoY despite absolute losses.
What are the risks of investing in SMSI?
Claude: Critical liquidity crisis: $3.8M annual cash burn versus $1.7M cash (approximately 5-month runway to insolvency). Fundamental business stagnation: flat revenue growth (0% YoY) with unsustainable -79.9% operating margins indicating structural cost issues.
What is SMSI's revenue and growth?
Smith Micro Software, Inc.. reported revenue of $4.2M.
Does SMSI pay dividends?
Smith Micro Software, Inc.. does not currently pay dividends.
Where can I find SMSI SEC filings?
Official SEC filings for Smith Micro Software, Inc.. (CIK: 0000948708) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SMSI's EPS?
Smith Micro Software, Inc.. has a diluted EPS of $-0.15.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SMSI's fundamental grade?
Based on our AI fundamental analysis in June 2026, Smith Micro Software, Inc.. has a D grade with 92% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SMSI stock overvalued or undervalued?
Valuation metrics for SMSI: ROE of -21.2% (sector avg: 22%), net margin of -92.3% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is SMSI's AI grade for 2026?
Our dual AI analysis gives Smith Micro Software, Inc.. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SMSI's free cash flow?
Smith Micro Software, Inc..'s operating cash flow is $-3.8M, with capital expenditures of $11.0K. FCF margin is -89.1%.
How does SMSI compare to other Technology stocks?
Vs Technology sector averages: Net margin -92.3% (avg: 18%), ROE -21.2% (avg: 22%), current ratio 1.37 (avg: 2.5).