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Phunware (PHUN) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Phunware (PHUN) Q2 2026 earnings results →

Q2 2026 Revenue up 76% year over year to $799K · 657¢ of every $1 of revenue lost · operating margin -757.1%

Phunware made $799K in Q2 2026 (+76% Y/Y): Software Subscriptions and Services $747K, Advertising $52K. Operating margin -757.1%, net loss $5.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$799K
Year over year+76%
Operating margin-757.1%
Net earnings−$5.2M
Operating cash flow−$5.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $799K in Q2 2026, up 76% year over year and up 47% from the previous quarter. Software Subscriptions and Services was the largest line at 93% of revenue. Software Subscriptions and Services added $314K year over year (up 73%), 91% of the total change.

Gross margin was 69.0%, up 27.2 points from Q2 2025. Operating costs exceeded revenue by $6.0M, an operating margin of -757.1%. Operating expenses grew 48% against revenue growth of 76%. The fastest-growing cost line was Sales & marketing (+86%). The quarter ended with a net loss of $5.2M, wider than the previous quarter's $3.2M loss.

Operating cash flow was −$5.7M. Non-cash charges added back $524K of share-based compensation. Working capital and other items used $1.0M.

Quarterly history

Phunware revenue by quarterPhunware revenue by quarter$592KQ4 2024$688KQ1 2025$455KQ2 2025$622KQ3 2025$788KQ4 2025$542KQ1 2026$799KQ2 2026
Phunware net earnings by quarterPhunware net earnings by quarter−$2.6MQ4 2024−$3.7MQ1 2025−$3.1MQ2 2025−$2.4MQ3 2025−$2.1MQ4 2025−$3.2MQ1 2026−$5.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$799K+76%-757.1%−$5.2M−$5.7M
Q1 202610-QMay 11, 2026$542K-21%-742.1%−$3.2M−$2.7M
Q4 202510-KMar 27, 2026$788K+33%n/m−$2.1M−$3.2M
Q3 202510-QNov 7, 2025$622K-6%-562.7%−$2.4M−$2.5M
Q2 202510-QAug 8, 2025$455K-55%-936.3%−$3.1M−$3.5M
Q1 202510-QMay 15, 2025$688K-25%-699.7%−$3.7M−$3.3M
Q4 202410-KMar 31, 2025$592K-37%-826.2%−$2.6M−$2.7M

Charts

Phunware: revenue growth, year over year and quarter over quarterPhunware: revenue growth, year over year and quarter over quarterY/YQ/Q-37%Q4 2024-25%+16%Q1 2025-55%-34%Q2 2025-6%+37%Q3 2025+33%+27%Q4 2025-21%-31%Q1 2026+76%+47%Q2 2026
Latest (Q2 2026): Y/Y +76%, Q/Q +47%.
Phunware: where the cash came from (+) and went (−), TTM to Q2 2026Phunware: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$14.1MCash drawn (+) / kept (−)$14.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Phunware: profit against cash, quarter by quarterPhunware: profit against cash, quarter by quarterNet incomeOperating cash flow−$2.8M−$2.4MQ3 2024−$2.6M−$2.7MQ4 2024−$3.7M−$3.3MQ1 2025−$3.1M−$3.5MQ2 2025−$2.4M−$2.5MQ3 2025−$2.1M−$3.2MQ4 2025−$3.2M−$2.7MQ1 2026−$5.2M−$5.7MQ2 2026
Latest (Q2 2026): Net income −$5.2M, Operating cash flow −$5.7M.
Phunware: diluted shares by fiscal year (split-adjusted)Phunware: diluted shares by fiscal year (split-adjusted)354MFY2020604MFY202116MFY202219MFY202322MFY202420MFY2025
-94.3% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2025, 4-for-1 split before FY2024.
Phunware in its industry: growth against margin (65 companies, SIC 7374)Phunware in its industry: growth against margin (65 companies, SIC 7374)revenue growth, year over year →↑ operating marginmedian +9%median -8%ADPDXCWDAYTOSTRDDTVRSKRNGPLTKCLVTFAPEGAAPLDFIVNTASKEVTCCARGNRDSHNGELFTORAMPGDRXLZEGHTUPWKCARSIBEXSSTKLIFYEXTTCXINODOOMAHAWKGLOOBRUNFIRYVERIBIRDINFQNXTTQMLSTRAKMOVEQBTSSHAZDTCXSDCHONFOBHICKWIKSEQCWORXONEICASTDTSTHTCRPWDYPVITMYX Inc.NTCSSTWIRADCCRCWHNITPHUN (+76%, -100%)
Services-Computer Processing & Data Preparation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Phunware

Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions for hospitality, healthcare and other large property related customers, with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences. Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, and market participants.

In its own words, from its 8-K, filed Aug 6, 2026.

Phunware against its Services-Computer Processing & Data Preparation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +76% against the peers' median +6%. Operating margin: -757.1% against the peers' median 11.8%.

CompanyQuarterRevenueY/YOp. margin
PHUN PhunwareQ2 2026$799K+76%-757.1%
ADP Automatic Data ProcessingQ1 FY27$5.5B+6%23.9%
DXC DXC TechnologyQ2 FY27$3.0B-4%6.2%
WDAY WorkdayQ2 FY27$2.6B+13%11.8%
TOST ToastQ3 2026$2.0B+21%8.3%
RDDT RedditQ3 2026$895M+53%29.2%
VRSK Verisk AnalyticsQ3 2026$809M+5%45.2%
RNG RingCentralQ3 2026$676M+6%8.0%
PLTK Playtika HoldingQ3 2026$674M-0.1%17.2%

Source: Phunware 10-Q on SEC EDGAR · CIK 1665300 · Services-Computer Processing & Data Preparation

13F: who owns PHUN and who is buying

Largest holders of PHUN (13F)Largest holders of PHUN (13F)Vanguard Group$1.9MVanguard Capital Management LLC$1.8MUBS Group AG$1.5MBlackRock$1.2MGeode Capital Management, LLC$456KVanguard Fiduciary Trust$247KBridgeway Capital Management, LLC$228KState Street$185KCitadel Advisors LLC$117KXTX Topco$107K
Funds' net buying of PHUN by quarter (13F)Funds' net buying of PHUN by quarter (13F)−$4K2024-09$382K2024-12$1.3M2025-03−$924K2025-06$199K2025-09$458K2025-12$428K2026-03$386K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PHUN

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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