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How Phunware (PHUN) makes money

Phunware (PHUN) made $799K of revenue in the second quarter 2026 (Q2 2026), +76% from a year earlier. Software Subscriptions and Services brought in $747K (93%); Advertising brought in $52K (7%).

Drawing the Sankey…

Phunware revenue by segment, Q2 2026Phunware revenue by segment, Q2 2026Software Subscriptions and Servic…$747KAdvertising$52K
Phunware: revenue by line, Q1 2025 to Q2 2026Phunware: revenue by line, Q1 2025 to Q2 2026Software Subscription…AdvertisingSoftware Subscriptions and Services: $747K latest$747KAdvertising: $52K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q1 2025 and Q2 2026.
Phunware revenue by quarterPhunware revenue by quarter$592KQ4 2024$688KQ1 2025$455KQ2 2025$622KQ3 2025$788KQ4 2025$542KQ1 2026$799KQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Software Subscriptions and Services$747K93.5%+43%+73%
Advertising$52K6.5%+174%+136%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$799K100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$799K+76%
Q1 2026$542K-21%
Q4 2025$788K+33%
Q3 2025$622K-6%
Q2 2025$455K-55%
Q1 2025$688K-25%
Q4 2024$592K-37%

From Phunware's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Phunware make money?

Phunware (PHUN) made $799K of revenue in the second quarter 2026 (Q2 2026), +76% from a year earlier. Software Subscriptions and Services brought in $747K (93%); Advertising brought in $52K (7%).

What is Phunware's biggest business?

Software Subscriptions and Services: $747K in the second quarter 2026, 93% of revenue, +73% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.