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Phunware, Inc. (PHUN) Fundamental Analysis & AI Grade 2026

PHUN Nasdaq Services-Computer Processing & Data Preparation CIK: 0001665300
Updated This Month • Analysis: May 13, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
85% Confidence
N/A
C
85% Conf
Pending
Analysis scheduled

📊 PHUN Key Takeaways

Revenue: $542.0K
Net Margin: -589.3%
Free Cash Flow: $-2.7M
Current Ratio: 16.95x
Debt/Equity: 0.06x
EPS: $-0.16
AI Grade: C with 85% confidence
Phunware, Inc. (PHUN) receives a C fundamental grade with 85% confidence from our AI analysis based on SEC 10-K filings. With revenue of $542.0K, net profit margin of -589.3%, and return on equity (ROE) of -3.4%, Phunware, Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete PHUN stock analysis for 2026.

Is Phunware, Inc. (PHUN) a Good Investment?

Claude

Phunware has accumulated substantial cash ($97.9M) but operates at minimal scale with $542K annual revenue and significant operating losses ($2.7M cash burn annually). The business exhibits negative operating cash flow and declining revenues (-19.9% YoY), indicating the core operations are not self-sustaining and require immediate strategic repositioning or business model validation.

Phunware, Inc. Key Strengths (PHUN)

Claude
  • + Strong cash position ($97.9M) with minimal liabilities provides financial runway
  • + High gross margin (70.8%) indicates potentially viable unit economics if scaled
  • + Clean balance sheet with low leverage (Debt/Equity 0.06x) and minimal debt constraints

PHUN Stock Risks: Phunware, Inc. Investment Risks

Claude
  • ! Revenue base is negligible ($542K annually) for a public company with no demonstrated scalability
  • ! Operating cash flow is negative ($2.7M burn) indicating core business is not self-sustaining
  • ! Declining revenues (down 19.9% YoY) signal deteriorating market conditions or product-market fit issues
  • ! At current burn rate, company must demonstrate operational turnaround before cash runway becomes critical

Key Metrics to Watch

Claude
  • * Revenue stabilization and growth trajectory (currently in freefall)
  • * Operating cash flow return to positive territory (currently -$2.7M annually)
  • * Cash burn rate and remaining runway (sustainability of operations)

Phunware, Inc. (PHUN) Financial Metrics & Key Ratios

Revenue
$542.0K
Net Income
$-3.2M
EPS (Diluted)
$-0.16
Free Cash Flow
$-2.7M
Total Assets
$99.7M
Cash Position
$97.9M

💡 AI Analyst Insight

Strong liquidity with a 16.95x current ratio provides a solid financial cushion.

PHUN Profit Margin, ROE & Profitability Analysis

Gross Margin 70.8%
Operating Margin -742.1%
Net Margin -589.3%
ROE -3.4%
ROA -3.2%
FCF Margin -503.1%

PHUN vs Technology Sector: How Phunware, Inc. Compares

How Phunware, Inc. compares to Technology sector averages

Net Margin
PHUN -589.3%
vs
Sector Avg 18.0%
PHUN Sector
ROE
PHUN -3.4%
vs
Sector Avg 22.0%
PHUN Sector
Current Ratio
PHUN 16.9x
vs
Sector Avg 2.5x
PHUN Sector
Debt/Equity
PHUN 0.1x
vs
Sector Avg 0.5x
PHUN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Phunware, Inc. Stock Overvalued? PHUN Valuation Analysis 2026

Based on fundamental analysis, Phunware, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-3.4%
Sector avg: 22%
Net Profit Margin
-589.3%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.06x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Phunware, Inc. Balance Sheet: PHUN Debt, Cash & Liquidity

Current Ratio
16.95x
Quick Ratio
16.79x
Debt/Equity
0.06x
Debt/Assets
6.5%
Interest Coverage
-29.79x
Long-term Debt
$5.2M

PHUN Revenue & Earnings Growth: 5-Year Financial Trend

PHUN 5-year financial data: Year 2021: Revenue $10.6M, Net Income -$22.2M, EPS $-0.50. Year 2022: Revenue $21.8M, Net Income -$53.5M, EPS $-0.71. Year 2023: Revenue $6.5M, Net Income -$50.9M, EPS N/A. Year 2024: Revenue $4.8M, Net Income -$52.8M, EPS N/A. Year 2025: Revenue $3.2M, Net Income -$10.3M, EPS $-0.94.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Phunware, Inc.'s revenue has declined by 70% over the 5-year period, indicating business contraction. The most recent EPS of $-0.94 indicates the company is currently unprofitable.

PHUN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-503.1%
Free cash flow / Revenue

PHUN Quarterly Earnings & Performance

Quarterly financial performance data for Phunware, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $542.0K -$3.2M $-0.16
Q3 2025 $622.0K -$2.4M $-0.12
Q2 2025 $455.0K -$2.6M $-0.16
Q1 2025 $688.0K -$2.3M $-0.18
Q3 2024 $665.0K -$2.8M N/A
Q2 2024 $1.0M -$2.6M N/A
Q1 2024 $921.0K -$2.3M N/A
Q3 2023 $2.8M -$8.0M $-0.08

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Phunware, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$2.7M
Cash generated from operations
Dividends
None
No dividend program

PHUN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Phunware, Inc. (CIK: 0001665300)

📋 Recent SEC Filings

Date Form Document Action
May 18, 2026 8-K phun-20260512.htm View →
May 11, 2026 10-Q phun-20260331.htm View →
May 7, 2026 8-K phun-20260507.htm View →
Apr 7, 2026 4 xslF345X06/ownership.xml View →
Apr 7, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about PHUN

What is the AI rating for PHUN?

Phunware, Inc. (PHUN) has an AI grade of C with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PHUN's key strengths?

Claude: Strong cash position ($97.9M) with minimal liabilities provides financial runway. High gross margin (70.8%) indicates potentially viable unit economics if scaled.

What are the risks of investing in PHUN?

Claude: Revenue base is negligible ($542K annually) for a public company with no demonstrated scalability. Operating cash flow is negative ($2.7M burn) indicating core business is not self-sustaining.

What is PHUN's revenue and growth?

Phunware, Inc. reported revenue of $542.0K.

Does PHUN pay dividends?

Phunware, Inc. does not currently pay dividends.

Where can I find PHUN SEC filings?

Official SEC filings for Phunware, Inc. (CIK: 0001665300) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PHUN's EPS?

Phunware, Inc. has a diluted EPS of $-0.16.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PHUN's fundamental grade?

Based on our AI fundamental analysis in May 2026, Phunware, Inc. has a C grade with 85% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PHUN stock overvalued or undervalued?

Valuation metrics for PHUN: ROE of -3.4% (sector avg: 22%), net margin of -589.3% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is PHUN's AI grade for 2026?

Our dual AI analysis gives Phunware, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PHUN's free cash flow?

Phunware, Inc.'s operating cash flow is $-2.7M, with capital expenditures of $0.0. FCF margin is -503.1%.

How does PHUN compare to other Technology stocks?

Vs Technology sector averages: Net margin -589.3% (avg: 18%), ROE -3.4% (avg: 22%), current ratio 16.95 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 13, 2026 | Data as of: 2026-03-31 | Powered by Claude AI