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Smith Micro Software (SMSI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Smith Micro Software (SMSI) Q2 2026 earnings results →
Q2 2026 Revenue down 2% year over year to $4.3M · 61¢ of every $1 of revenue lost · operating margin -54.6%
Smith Micro Software made $4.3M in Q2 2026 (-2% Y/Y): Family Safety $3.5M, CommSuite $826K. Operating margin -54.6%, net loss $2.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.3M in Q2 2026, down 2% year over year and up 3% from the previous quarter. Cloud Based usage Fees was the largest line at 59% of revenue. Cloud Based usage Fees lost $266K year over year (down 9%), 337% of the total change.
Gross margin was 81.3%, up 7.8 points from Q2 2025. Operating costs exceeded revenue by $2.4M, an operating margin of -54.6%. Operating expenses fell 68% while revenue fell 2%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $3.9M loss.
Operating cash flow was −$882K. Non-cash charges added back $1.3M of depreciation and amortization and $171K of share-based compensation. Working capital and other items added $298K. Capital expenditures of $61K exceeded it, leaving free cash flow of −$943K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $4.3M | -2% | -54.6% | −$2.6M | −$882K |
| Q1 2026 | 10-Q | May 1, 2026 | $4.2M | -9% | -79.9% | −$3.9M | −$3.8M |
| Q4 2025 | 10-K | Mar 5, 2026 | $4.0M | -20% | -109.8% | −$4.6M | −$2.2M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $4.3M | -6% | -103.2% | −$4.5M | −$2.1M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $4.4M | -14% | -338.3% | −$15.1M | −$2.3M |
| Q1 2025 | 10-Q | May 8, 2025 | $4.6M | -20% | -112.7% | −$5.2M | −$602K |
| Q4 2024 | 10-K | Mar 12, 2025 | $5.0M | -42% | -89.7% | −$4.4M | −$4.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Smith Micro Software
Smith Micro provides software solutions that simplify and enhance the mobile experience to some of the leading wireless service providers around the globe. From enabling the Digital Family Lifestyle™ to providing powerful voice messaging capabilities, we strive to enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer Internet of Things ("IoT") devices. We continue to innovate and evolve our business to respond to industry trends and maximize opportunities in growing and evolving markets, such as digital lifestyle services and online safety, the consumer IoT marketplace, and by leveraging advanced technologies like artificial intelligence to enhance the features and capabilities of our solutions.
In its own words, from its 10-K, filed Mar 5, 2026.
Smith Micro Software against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +14%. Operating margin: -54.6% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SMSI Smith Micro Software | Q2 2026 | $4.3M | -2% | -54.6% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Smith Micro Software 10-Q on SEC EDGAR · CIK 948708 · Services-Prepackaged Software
13F: who owns SMSI and who is buying
More on SMSI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results