Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.2M | $23.0M | $26.3M | $43.3M | $51.3M | $58.4M | $48.5M | $40.9M | $20.6M | $17.4M |
| Revenue growth | — | -18.6% | 14.4% | 64.9% | 18.4% | 13.9% | -17.0% | -15.8% | -49.7% | -15.5% |
| Gross profit | $20.7M | $17.9M | $22.0M | $39.4M | $46.1M | $45.7M | $34.3M | $30.3M | $14.4M | $12.9M |
| Gross margin | 73.2% | 77.9% | 83.5% | 90.9% | 89.9% | 78.3% | 70.7% | 74.2% | 70.2% | 74.1% |
| Operating income | -$15.9M | -$5.67M | -$1.21M | $10.1M | $3.52M | -$30.9M | -$30.9M | -$18.1M | -$49.4M | -$29.0M |
| Operating margin | -56.3% | -24.7% | -4.6% | 23.3% | 6.9% | -53.0% | -63.7% | -44.2% | -240.3% | -167.1% |
| Net income | -$15.3M | -$6.66M | -$2.74M | $10.7M | $4.17M | -$31.0M | -$29.3M | -$24.4M | -$48.7M | -$29.3M |
| Net margin | -54.3% | -29.0% | -10.4% | 24.7% | 8.1% | -53.1% | -60.4% | -59.7% | -236.9% | -168.9% |
| EPS (diluted) | -$1.28 | -$0.49 | -$0.14 | $0.29 | $0.10 | -$0.61 | -$0.53 | -$3.01 | -$3.94 | -$1.46 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.5M | -$7.42M | -$2.87M | $9.99M | $7.92M | -$12.9M | -$19.3M | -$6.97M | -$14.3M | -$7.19M |
| Capital expenditures | $500K | $77.0K | $173K | $1.66M | $1.32M | $830K | $49.0K | $4.00K | $20.0K | $88.0K |
| Free cash flow | -$12.0M | -$7.50M | -$3.05M | $8.33M | $6.60M | -$13.7M | -$19.3M | -$6.98M | -$14.3M | -$7.28M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.23M | $2.21M | $12.2M | $28.3M | $25.8M | $16.1M | $14.0M | $7.13M | $2.81M | $1.49M |
| Total assets | $14.3M | $13.9M | $25.2M | $61.2M | $72.9M | $115M | $104M | $85.6M | $48.0M | $25.0M |
| Long-term debt | $2.60M | $3.80M | — | — | — | — | — | — | — | — |
| Shareholders' equity | $3.06M | $4.57M | $20.6M | $48.7M | $58.7M | $101M | $76.4M | $75.4M | $40.8M | $18.4M |
| Retained earnings | -$226M | -$233M | -$236M | -$225M | -$221M | -$252M | -$282M | -$306M | -$355M | — |
| Shares (wtd avg diluted) | 12.0M | 13.5M | 22.3M | 37.0M | 42.8M | 51.2M | 55.4M | 8.12M | 12.4M | 20.6M |
Every figure is extracted from SMITH MICRO SOFTWARE, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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