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Aware vs Smith Micro Software: AWRE and SMSI compared
Aware is the larger company: $4.4M of revenue in its latest quarter (Q3 2026) against $4.3M for Smith Micro Software (Q2 2026). Smith Micro Software is growing faster (-2% against -14% a year earlier). Aware is more profitable, with an operating margin of -21.3% against -54.6%.
Where the money goes: AWRE and SMSI
Aware (AWRE) · Q3 2026
Aware, Q3 2026: revenue $4.4M (-14% year over year), operating margin -21.3%, net loss $791K, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
Smith Micro Software (SMSI) · Q2 2026
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.
| Aware (AWRE) | Smith Micro Software (SMSI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $4.4M | $4.3M |
| Revenue growth, Y/Y | -14% | -2% |
| Operating margin | -21.3% | -54.6% |
| Net earnings | −$791K | −$2.6M |
| Net margin | -17.9% | -61.0% |
| Operating cash flow | −$1.4M | −$882K |
Where the revenue comes from
Aware
- Maintenance: $2.1M (48%)
- License and Service: $1.9M (44%)
- Service Other: $374K (8%)
Smith Micro Software
- Family Safety: $3.5M (81%)
- CommSuite: $826K (19%)
Questions
Which is bigger, Aware or Smith Micro Software?
Aware is the larger company: $4.4M of revenue in its latest quarter (Q3 2026) against $4.3M for Smith Micro Software (Q2 2026).
Is Aware or Smith Micro Software growing faster?
Smith Micro Software is growing faster (-2% against -14% a year earlier).
Which is more profitable, Aware or Smith Micro Software?
Aware is more profitable, with an operating margin of -21.3% against -54.6%.
More: Aware earnings · how Aware makes money · Smith Micro Software earnings · how Smith Micro Software makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.