Filing Flows › Phunware (PHUN) › Q1 2025
Phunware (PHUN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Phunware (PHUN) reported revenue of $688K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +16% from the quarter before. Operating margin was -699.7%, net loss $3.7M (541.1% of revenue).
Phunware, Q1 2025: revenue $688K (-25% year over year), operating margin -699.7%, net loss $3.7M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $688K | +16% | -25% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $688K in Q1 2025, down 25% year over year and up 16% from the previous quarter. Software Subscriptions and Services was the largest line at 92% of revenue. Advertising lost $414K year over year (down 89%), 178% of the total change.
Gross margin was 52.2%, down 4.7 points from a year earlier. Operating costs exceeded revenue by $4.8M, an operating margin of -699.7%. Operating expenses grew 52% against a revenue fall of 25%. The fastest-growing cost line was Sales & marketing (+102%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $2.6M loss. Non-operating items added $1.1M, -29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.3M. Non-cash charges added back $86K of share-based compensation. Working capital and other items added $302K.
Questions
What was Phunware's revenue in the first quarter 2025?
Phunware (PHUN) reported revenue of $688K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +16% from the quarter before.
Was Phunware profitable in the first quarter 2025?
Operating loss was $4.8M (-699.7% of revenue) and net loss $3.7M.
Source: Phunware 10-Q on SEC EDGAR.