📊 SMSI Key Takeaways
Is Smith Micro Software, Inc.. (SMSI) a Good Investment?
Smith Micro is in acute financial distress with stagnant $17.4M revenue, a $29.3M net loss generating -168.9% margins, and negative $7.2M operating cash flow. The current ratio of 0.74x indicates inability to cover short-term obligations, while only $1.5M in cash against annual burn rate of $7M+ suggests potential insolvency within months.
Why Buy Smith Micro Software, Inc.. Stock? SMSI Key Strengths
- High gross margin of 74.1% indicates pricing power and viable underlying software business
- Modest improvement in losses YoY (net income improved 2.6%, EPS improved 62.9%)
- Conservative debt structure with Debt/Equity of 0.21x
SMSI Stock Risks: Smith Micro Software, Inc.. Investment Risks
- Liquidity crisis: current ratio of 0.74x indicates inability to meet short-term obligations
- Critical cash position: $1.5M cash insufficient for $7M+ annual operating burn rate
- Revenue stagnation: 0% YoY growth with no signs of market traction or recovery
- Unsustainable operations: -$7.2M operating cash flow with -$29M annual operating loss
- Interest coverage of -358.2x indicates inability to service debt from operations
- Bankruptcy risk: burn rate suggests cash depletion within 2-3 quarters
Key Metrics to Watch
- Quarterly operating cash flow trend and cash balance depletion rate
- Revenue growth acceleration or stabilization at improved levels
- Operating loss reduction path and timeline to breakeven
- Refinancing or capital raise announcements
Smith Micro Software, Inc.. (SMSI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
SMSI Profit Margin, ROE & Profitability Analysis
SMSI vs Technology Sector: How Smith Micro Software, Inc.. Compares
How Smith Micro Software, Inc.. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Smith Micro Software, Inc.. Stock Overvalued? SMSI Valuation Analysis 2026
Based on fundamental analysis, Smith Micro Software, Inc.. has mixed fundamental signals relative to the Technology sector in 2026.
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.
Smith Micro Software, Inc.. Balance Sheet: SMSI Debt, Cash & Liquidity
SMSI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Smith Micro Software, Inc..'s revenue has declined by 65% over the 5-year period, indicating business contraction. The most recent EPS of $-3.94 indicates the company is currently unprofitable.
SMSI Revenue Growth, EPS Growth & YoY Performance
SMSI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $4.3M | -$4.5M | $-0.25 |
| Q2 2025 | $4.4M | -$6.9M | $-0.66 |
| Q1 2025 | $4.6M | -$5.2M | $-0.28 |
| Q3 2024 | $4.6M | -$5.1M | $-0.54 |
| Q2 2024 | $5.1M | -$5.7M | $-0.66 |
| Q1 2024 | $5.8M | -$6.9M | $-0.97 |
| Q3 2023 | $11.0M | -$5.1M | $-0.08 |
| Q2 2023 | $10.3M | -$5.7M | $-0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Smith Micro Software, Inc.. Dividends, Buybacks & Capital Allocation
SMSI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Smith Micro Software, Inc.. (CIK: 0000948708)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SMSI
What is the AI rating for SMSI?
Smith Micro Software, Inc.. (SMSI) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SMSI's key strengths?
Claude: High gross margin of 74.1% indicates pricing power and viable underlying software business. Modest improvement in losses YoY (net income improved 2.6%, EPS improved 62.9%).
What are the risks of investing in SMSI?
Claude: Liquidity crisis: current ratio of 0.74x indicates inability to meet short-term obligations. Critical cash position: $1.5M cash insufficient for $7M+ annual operating burn rate.
What is SMSI's revenue and growth?
Smith Micro Software, Inc.. reported revenue of $17.4M.
Does SMSI pay dividends?
Smith Micro Software, Inc.. does not currently pay dividends.
Where can I find SMSI SEC filings?
Official SEC filings for Smith Micro Software, Inc.. (CIK: 0000948708) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SMSI's EPS?
Smith Micro Software, Inc.. has a diluted EPS of $-1.46.
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 rating reflects both perspectives for balanced insights.
Is SMSI a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Smith Micro Software, Inc.. has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SMSI stock overvalued or undervalued?
Valuation metrics for SMSI: ROE of -159.5% (sector avg: 22%), net margin of -168.9% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy SMSI stock in 2026?
Our dual AI analysis gives Smith Micro Software, Inc.. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SMSI's free cash flow?
Smith Micro Software, Inc..'s operating cash flow is $-7.2M, with capital expenditures of $88.0K. FCF margin is -41.9%.
How does SMSI compare to other Technology stocks?
Vs Technology sector averages: Net margin -168.9% (avg: 18%), ROE -159.5% (avg: 22%), current ratio 0.74 (avg: 2.5).