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Smith Micro Software (SMSI) investor relations material
Smith Micro Software Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue was $4.3 million, down 6% year-over-year, mainly due to declines in Family Safety and the sale of ViewSpot, partially offset by CommSuite growth.
Gross profit for Q3 2025 was $3.2 million, with a gross margin of 73.9%, up from 71.6% in Q3 2024.
GAAP net loss for Q3 2025 was $5.2 million ($0.25/share), improved from $6.4 million ($0.54/share) in Q3 2024; non-GAAP net loss was $2.6 million ($0.12/share), improved from $3.6 million ($0.30/share).
Strategic cost reductions, including a 30% workforce reduction, are expected to save $7.2 million annually and support a path to profitability by mid-2026.
Goodwill impairment charge of $11.1 million was recorded in Q2 2025.
Financial highlights
Q3 2025 revenue: $4.3 million (down 6% year-over-year); nine months ended September 30, 2025: $13.4 million (down 14% year-over-year).
Gross profit for Q3 2025: $3.2 million (73.9% margin); nine months: $9.8 million (73.4% margin).
GAAP operating expenses for Q3 2025: $7.7 million, down 22% year-over-year.
Cash and cash equivalents as of September 30, 2025: $1.4 million.
Net cash used in operating activities for the nine months was $5.0 million.
Outlook and guidance
Q4 2025 revenue expected between $4.2 million and $4.5 million, with gross margin guidance of 74% to 76%.
Full benefit of cost reductions expected in 2026, targeting gross margins of 78% to 80% and a long-term goal of 85%.
Non-GAAP operating expenses projected to decline by 15% in Q4 2025 versus Q3 2025.
Management acknowledges substantial doubt about the ability to continue as a going concern within one year, pending successful execution of revenue growth and capital raising plans.
Profitability anticipated by mid-2026.
What drives the 78-80% gross margin target for 2026?
Impact of Secure Family's expanded market reach?
What is the cash runway post recent financing?
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Next Smith Micro Software earnings date
Q4 202511 Mar, 2026
Next Smith Micro Software earnings date
Q4 202511 Mar, 2026
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Frequently asked questions
Smith Micro Software Inc develops and markets software solutions aimed at enhancing mobile and wireless user experiences. The company's products include platforms for family safety, location tracking, device management, and digital lifestyle services. Smith Micro serves wireless service providers, cable operators, and device manufacturers. The company is headquartered in Pittsburgh, Pennsylvania, and its shares are listed on the NASDAQ.
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