Smith Micro Software Inc. (SMSI) Financial Statements (2026 and earlier)

Company Profile

Business Address 5800 CORPORATE DRIVE
PITTSBURGH, PA 15237
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4942,8087,12514,02616,07825,754
Cash and cash equivalent1,4942,8087,12514,02616,07825,754
Receivables1,8175,7217,91210,50110,59012,347
Other undisclosed current assets1,2181,4671,8431,9831,9881,189
Total current assets:4,5299,99616,88026,51028,65639,290
Noncurrent Assets
Operating lease, right-of-use asset1,1192,3672,7593,7225,7105,785
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3315388831,4982,6982,170
Intangible asset, including goodwill, after accumulated amortization18,49234,64964,57371,36177,67224,964
Goodwill  11,05235,04135,04135,04112,266
Intangible asset, excluding goodwill, after accumulated amortization18,49223,59729,53236,32042,63112,698
Other noncurrent assets500496482490620694
Total noncurrent assets:20,44238,05068,69777,07186,70033,613
TOTAL ASSETS:24,97148,04685,577103,581115,35672,903
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4252,6783,6594,8253,7372,498
Accounts payable1,9371,7382,5223,2363,3012,282
Accrued liabilities1,4889401,1371,589436216
Deferred revenue   200 1761,572
Debt 1,007  9,007  
Derivative instruments and hedges, liabilities    1,575  
Other liabilities773     
Other undisclosed current liabilities9142,9733,7835,3245,4554,300
Total current liabilities:6,1195,6517,64220,7319,3688,370
Noncurrent Liabilities
Long-term debt and lease obligation    4,4674,805
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt4621,4151,9483,1541171,012
Deferred rent credit      887
Deferred income tax liabilities  12816817811759
Other liabilities      66
Operating lease, liability4171,2871,7802,9764,4674,805
Derivative instruments and hedges, liabilities45     
Other undisclosed noncurrent liabilities  2245973,317844 
Total noncurrent liabilities:4621,6392,5456,4715,4285,817
Total liabilities:6,5817,29010,18727,20214,79614,187
Equity
Equity, attributable to parent18,39040,75675,39076,379100,56058,716
Common stock261875565441
Additional paid in capital403,107395,383381,263357,875352,779279,905
Accumulated other comprehensive loss(384,743)     
Accumulated deficit  (354,645)(305,948)(281,552)(252,273)(221,230)
Total equity:18,39040,75675,39076,379100,56058,716
TOTAL LIABILITIES AND EQUITY:24,97148,04685,577103,581115,35672,903

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues17,36320,55540,86248,51358,42251,300
Cost of revenue(4,505)(6,126)(10,559)(14,210)(12,698)(5,190)
Cost of product and service sold (1)(6,126)(10,559)(14,210)(12,698)(5,190)
Gross profit:12,85814,42930,30334,30345,72446,110
Operating expenses(41,869)(63,819)(48,358)(65,230)(76,662)(42,589)
Operating income (loss):(29,011)(49,390)(18,055)(30,927)(30,938)3,521
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(164)196(52)(115)76(3)
Interest and debt expense(407) (3,991)   
Income (loss) from continuing operations before equity method investments, income taxes:(29,582)(49,194)(22,098)(31,042)(30,862)3,518
Other undisclosed income (loss) from continuing operations before income taxes179484(2,140)1,98934807
Income (loss) from continuing operations before income taxes:(29,403)(48,710)(24,238)(29,053)(30,828)4,325
Income tax expense (benefit)7613(158)(226)(215)(160)
Income (loss) from continuing operations:(29,327)(48,697)(24,396)(29,279)(31,043)4,165
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕(31,043)4,165
Net income (loss) attributable to parent:(29,327)(48,697)(24,396)(29,279)(31,043)4,165
Preferred stock dividends and other adjustments(769)     
Net income (loss) available to common stockholders, diluted:(30,096)(48,697)(24,396)(29,279)(31,043)4,165

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(29,327)(48,697)(24,396)(29,279)(31,043)4,165
Comprehensive income (loss), net of tax, attributable to parent:(29,327)(48,697)(24,396)(29,279)(31,043)4,165

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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