Filing Flows › Phunware (PHUN) › Q1 2026
Phunware (PHUN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Phunware (PHUN) reported revenue of $542K for the first quarter 2026 (Q1 2026), -21% from a year earlier and -31% from the quarter before. Operating margin was -742.1%, net loss $3.2M (589.3% of revenue).
Phunware, Q1 2026: revenue $542K (-21% year over year), operating margin -742.1%, net loss $3.2M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $542K | -31% | -21% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $542K in Q1 2026, down 21% year over year and down 31% from the previous quarter. Software Subscriptions and Services was the largest line at 96% of revenue. Software Subscriptions and Services lost $112K year over year (down 18%), 77% of the total change.
Gross margin was 70.8%, up 18.7 points from Q1 2025. Operating costs exceeded revenue by $4.0M, an operating margin of -742.1%. Operating expenses fell 15% while revenue fell 21%. The quarter ended with a net loss of $3.2M, wider than the previous quarter's $2.1M loss. Non-operating items added $828K, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.7M. Non-cash charges added back $112K of share-based compensation. Working capital and other items added $355K.
Questions
What was Phunware's revenue in the first quarter 2026?
Phunware (PHUN) reported revenue of $542K for the first quarter 2026 (Q1 2026), -21% from a year earlier and -31% from the quarter before.
Was Phunware profitable in the first quarter 2026?
Operating loss was $4.0M (-742.1% of revenue) and net loss $3.2M.
Source: Phunware 10-Q on SEC EDGAR.