Filing Flows › Smith Micro Software (SMSI) › Q1 2025
Smith Micro Software (SMSI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Smith Micro Software (SMSI) reported revenue of $4.6M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -7% from the quarter before. Operating margin was -112.7%, net loss $5.2M (112.1% of revenue).
Smith Micro Software, Q1 2025: revenue $4.6M (-20% year over year), operating margin -112.7%, net loss $5.2M, operating cash flow −$602K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6M | -7% | -20% |
| Operating profit | −$5.2M | — | — |
| Net earnings | −$5.2M | — | — |
| Operating cash flow | −$602K | — | — |
What changed
Revenue was $4.6M in Q1 2025, down 20% year over year and down 7% from the previous quarter. Cloud based usage fees was the largest line at 67% of revenue. Cloud based usage fees lost $939K year over year (down 23%), 80% of the total change.
Gross margin was 72.8%, up 7.1 points from a year earlier. Operating costs exceeded revenue by $5.2M, an operating margin of -112.7%. Operating expenses fell 76% while revenue fell 20%. The quarter ended with a net loss of $5.2M, wider than the previous quarter's $4.4M loss.
Operating cash flow was −$602K. Non-cash charges added back $1.4M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$606K.
Questions
What was Smith Micro Software's revenue in the first quarter 2025?
Smith Micro Software (SMSI) reported revenue of $4.6M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -7% from the quarter before.
Was Smith Micro Software profitable in the first quarter 2025?
Operating loss was $5.2M (-112.7% of revenue) and net loss $5.2M.