)

Phunware (PHUN) investor relations material
Phunware Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenues for Q2 2025 declined 55% year-over-year to $0.5 million, mainly due to a sharp drop in advertising revenue, partially offset by growth in software subscriptions and services.
Operating loss widened to $4.3 million for the quarter, compared to $2.9 million in Q2 2024, reflecting higher operating expenses and lower gross profit.
Achieved key product milestones, including new AI features for hospitality and the debut of AI Concierge and Guest Services Agent at HITEC 2025.
Leadership changes in July 2025 included the appointment of Jeremy Krol as Interim CEO, following the termination of Stephen Chen.
The company continues to invest in AI-driven product features, pausing some initiatives to focus on integrating generative and agentic AI into core offerings.
Financial highlights
Q2 2025 net revenues: $0.5 million, down from $1.0 million in Q2 2024; six-month revenues: $1.1 million, down 41% year-over-year.
Gross profit for Q2 2025 was $0.2 million (41.8% margin), down from $0.5 million (46.5%) in Q2 2024; gross margin for software subscriptions and services improved to 43.9% from 26.9% year-over-year.
Net loss for Q2 2025 was $3.1 million, compared to $2.6 million in Q2 2024; net loss per share improved to ($0.16) from ($0.32).
Adjusted EBITDA for Q2 2025 was $(4.1) million, compared to $(2.2) million in Q2 2024.
Cash and cash equivalents as of June 30, 2025 totaled $106.3 million.
Outlook and guidance
Management expects continued operating losses and negative cash flows as investments in AI and product development persist.
Four new customers in hospitality and healthcare are in development and expected to launch next quarter.
Focus remains on advancing AI investment, launching pilot programs for AI Personal Concierge, and strengthening sales initiatives.
No profitability is anticipated in the near term; focus remains on long-term growth and product innovation.
Management plans to deploy capital for both organic and inorganic growth in the coming months.
Next Phunware earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage