SMSI
Smith Micro Software, Inc.
SMSI lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
SMSI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Under pressure | |
| Strong |
SMSI's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
SMSI PE Valuation
SMSI has no meaningful PE right now: it lost money over the past year.
SMSI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SMSI's losses to shrink, with revenue growing.
SMSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$26.40 | -$9.20 |
| Q2 2024 | -$26.90 | -$8.90 |
| Q1 2024 | -$27.20 | -$6.80 |
| Q4 2023 | -$15.20 | +$6.00 |
| Q3 2023 | -$17.20 | +$2.00 |
| Q2 2023 | -$18.00 | +$10.80 |
| Q1 2023 | -$20.40 | +$6.40 |
| Q4 2022 | -$21.20 | +$3.20 |
SMSI is still losing money, but far less than before: $2.32 per share over the past year, against $28.80 at its worst in mid-2022.
SMSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5M | +15% |
| Q2 2026 | $4.3M | -1.8% |
| Q1 2026 | $4.2M | -8.7% |
| Q4 2025 | $4M | -20% |
| Q3 2025 | $4.3M | -6.5% |
| Q2 2025 | $4.4M | -14% |
| Q1 2025 | $4.6M | -20% |
| Q4 2024 | $5M | -42% |
SMSI's revenue is recovering but still below its 2021 peak: $5M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -29% | +74 points |
| Q2 2026 | -55% | +284 points |
| Q1 2026 | -80% | +33 points |
| Q4 2025 | -110% | -20 points |
| Q3 2025 | -103% | +37 points |
| Q2 2025 | -338% | -203 points |
| Q1 2025 | -113% | +430 points |
| Q4 2024 | -90% | -23 points |
SMSI's operating margin was −29% last quarter, up 74 points from the same quarter a year ago.
SMSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$192K | +$2M |
| Q2 2026 | -$943K | +$1.4M |
| Q1 2026 | -$3.8M | -$3.2M |
| Q4 2025 | -$2.2M | +$2.7M |
| Q3 2025 | -$2.2M | +$1.7M |
| Q2 2025 | -$2.3M | +$1.9M |
| Q1 2025 | -$606K | +$743K |
| Q4 2024 | -$4.9M | -$3.9M |
SMSI has burned cash in most quarters: −$7M over the past year, against −$10M the year before.
SMSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.2% | +376K shares |
| 1 year | +44% | +1.7M shares |
| 3 years | +263% | +4M shares |
| 5 years | +415% | +4.5M shares |
| Available history | +435% | +4.5M shares |
SMSI has 6M diluted shares, up 44% from a year ago.
SMSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | -23.7x | Net Cash |
| Q4 2020 | -3.6x | Net Cash |
| Q3 2020 | -2.5x | Net Cash |
| Q2 2020 | -1.9x | Net Cash |
| Q1 2020 | -1.4x | Net Cash |
| Q4 2019 | -2.5x | Net Cash |
SMSI has more cash than debt.
SMSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.1 | Neutral |
| Stochastic | 10.8 | Oversold |
SMSI's weekly RSI is 39 (neutral) and its Stochastic is 11 (oversold).
SMSI PE vs Technology Sector
| Metric | SMSI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
SMSI has no meaningful PE right now: it lost money over the past year.
SMSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.45 | 2% below |
| 20 week MA | $2.63 | 8.7% below |
| 50 week MA | $3.04 | 21% below |
| 100 week MA | $3.81 | 37% below |
| 200 week MA | $18.6 | 87% below |
SMSI is in a downtrend: it's below all five of its weekly moving averages, and 87% below its 200-week average.
SMSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $154.8 | $213.6 | +38% |
| 2021 | $213.6 | $201.6 | -5.6% |
| 2022 | $201.6 | $82.4 | -59% |
| 2023 | $82.4 | $33.1 | -60% |
| 2024 | $33.1 | $7.25 | -78% |
| 2025 | $7.25 | $2.85 | -61% |
| 2026 YTD | $2.85 | $2.40 | -16% |
SMSI has finished five years in a row lower, and it's down 16% so far in 2026.