Filing Flows › Phunware (PHUN) › Q2 2025
Phunware (PHUN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Phunware (PHUN) reported revenue of $455K for the second quarter 2025 (Q2 2025), -55% from a year earlier and -34% from the quarter before. Operating margin was -936.3%, net loss $3.1M (691.0% of revenue).
Phunware, Q2 2025: revenue $455K (-55% year over year), operating margin -936.3%, net loss $3.1M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455K | -34% | -55% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$3.1M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $455K in Q2 2025, down 55% year over year and down 34% from the previous quarter. Software Subscriptions and Services was the largest line at 95% of revenue. Advertising lost $473K year over year (down 96%), 85% of the total change.
Gross margin was 41.8%, down 4.7 points from a year earlier. Operating costs exceeded revenue by $4.3M, an operating margin of -936.3%. Operating expenses grew 31% against a revenue fall of 55%. The fastest-growing cost line was Research & development (+96%). The quarter ended with a net loss of $3.1M, narrower than the previous quarter's $3.7M loss. Non-operating items added $1.1M, -35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.5M. Non-cash charges added back $118K of share-based compensation. Working capital and other items used $429K.
Questions
What was Phunware's revenue in the second quarter 2025?
Phunware (PHUN) reported revenue of $455K for the second quarter 2025 (Q2 2025), -55% from a year earlier and -34% from the quarter before.
Was Phunware profitable in the second quarter 2025?
Operating loss was $4.3M (-936.3% of revenue) and net loss $3.1M.
Source: Phunware 10-Q on SEC EDGAR.