Filing Flows › Smith Micro Software (SMSI) › Q2 2026
Smith Micro Software (SMSI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Smith Micro Software (SMSI) reported revenue of $4.3M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +3% from the quarter before. Operating margin was -54.6%, net loss $2.6M (61.0% of revenue).
Smith Micro Software, Q2 2026: revenue $4.3M (-2% year over year), operating margin -54.6%, net loss $2.6M, operating cash flow −$882K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3M | +3% | -2% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$882K | — | — |
What changed
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.
Questions
What was Smith Micro Software's revenue in the second quarter 2026?
Smith Micro Software (SMSI) reported revenue of $4.3M for the second quarter 2026 (Q2 2026), -2% from a year earlier and +3% from the quarter before.
Was Smith Micro Software profitable in the second quarter 2026?
Operating loss was $2.4M (-54.6% of revenue) and net loss $2.6M.