Filing Flows › Phunware (PHUN) › Q4 2025
Phunware (PHUN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Phunware (PHUN) reported revenue of $788K for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +27% from the quarter before.
Phunware, Q4 2025: revenue $788K (+33% year over year), net loss $2.1M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $788K | +27% | +33% |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $788K in Q4 2025, up 33% year over year and up 27% from the previous quarter. Software Subscriptions and Services was the largest line at 96% of revenue.
Gross margin was 57.7%, up 34.4 points from Q4 2024. Operating costs exceeded revenue by $7.9M, an operating margin of -1008.2%. Operating expenses grew 67% against revenue growth of 33%. The fastest-growing cost line was General & admin (+97%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $2.4M loss. Non-operating items added $5.8M, -271% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.2M. Non-cash charges added back $117K of share-based compensation. Working capital and other items used $1.2M.
Questions
What was Phunware's revenue in the fourth quarter 2025?
Phunware (PHUN) reported revenue of $788K for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +27% from the quarter before.
Source: Phunware 10-K on SEC EDGAR.