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SMITH MICRO SOFTWARE INC (SMSI) Stock Fundamental Analysis

USA - NASDAQ:SMSI - US8321544053 - Common Stock

0.8445 USD
-0.05 (-5.96%)
Last: 10/9/2025, 9:41:13 PM
0.85 USD
+0.01 (+0.65%)
After Hours: 10/9/2025, 9:41:13 PM
Fundamental Rating

2

Taking everything into account, SMSI scores 2 out of 10 in our fundamental rating. SMSI was compared to 281 industry peers in the Software industry. The financial health of SMSI is average, but there are quite some concerns on its profitability. While showing a medium growth rate, SMSI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

SMSI had negative earnings in the past year.
In the past year SMSI has reported a negative cash flow from operations.
In the past 5 years SMSI reported 4 times negative net income.
SMSI had negative operating cash flow in 4 of the past 5 years.
SMSI Yearly Net Income VS EBIT VS OCF VS FCFSMSI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M -20M -30M -40M

1.2 Ratios

Looking at the Return On Assets, with a value of -104.79%, SMSI is doing worse than 91.81% of the companies in the same industry.
SMSI has a Return On Equity of -138.31%. This is in the lower half of the industry: SMSI underperforms 79.72% of its industry peers.
Industry RankSector Rank
ROA -104.79%
ROE -138.31%
ROIC N/A
ROA(3y)-52.71%
ROA(5y)-35.91%
ROE(3y)-63.39%
ROE(5y)-42.79%
ROIC(3y)N/A
ROIC(5y)N/A
SMSI Yearly ROA, ROE, ROICSMSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400 -500

1.3 Margins

SMSI has a better Gross Margin (73.41%) than 61.21% of its industry peers.
SMSI's Gross Margin has declined in the last couple of years.
SMSI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 73.41%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.05%
SMSI Yearly Profit, Operating, Gross MarginsSMSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200

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4

2. Health

2.1 Basic Checks

SMSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
SMSI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMSI has more shares outstanding
There is no outstanding debt for SMSI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SMSI Yearly Shares OutstandingSMSI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
SMSI Yearly Total Debt VS Total AssetsSMSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

SMSI has an Altman-Z score of -17.99. This is a bad value and indicates that SMSI is not financially healthy and even has some risk of bankruptcy.
SMSI has a worse Altman-Z score (-17.99) than 92.17% of its industry peers.
SMSI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -17.99
ROIC/WACCN/A
WACC11.26%
SMSI Yearly LT Debt VS Equity VS FCFSMSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 0.93 indicates that SMSI may have some problems paying its short term obligations.
With a Current ratio value of 0.93, SMSI is not doing good in the industry: 73.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.93 indicates that SMSI may have some problems paying its short term obligations.
The Quick ratio of SMSI (0.93) is worse than 72.95% of its industry peers.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.93
SMSI Yearly Current Assets VS Current LiabilitesSMSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 7.69% over the past year.
The Revenue for SMSI has decreased by -38.89% in the past year. This is quite bad
The Revenue for SMSI have been decreasing by -13.86% on average. This is quite bad
EPS 1Y (TTM)7.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28.95%
Revenue 1Y (TTM)-38.89%
Revenue growth 3Y-29.4%
Revenue growth 5Y-13.86%
Sales Q2Q%-14.01%

3.2 Future

Based on estimates for the next years, SMSI will show a very strong growth in Earnings Per Share. The EPS will grow by 31.13% on average per year.
Based on estimates for the next years, SMSI will show a very strong growth in Revenue. The Revenue will grow by 39.10% on average per year.
EPS Next Y-22.98%
EPS Next 2Y25.39%
EPS Next 3Y31.13%
EPS Next 5YN/A
Revenue Next Year-6.98%
Revenue Next 2Y21.8%
Revenue Next 3Y39.1%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SMSI Yearly Revenue VS EstimatesSMSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
SMSI Yearly EPS VS EstimatesSMSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 -4

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1

4. Valuation

4.1 Price/Earnings Ratio

SMSI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SMSI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SMSI Price Earnings VS Forward Price EarningsSMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SMSI Per share dataSMSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

SMSI's earnings are expected to grow with 31.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.39%
EPS Next 3Y31.13%

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0

5. Dividend

5.1 Amount

No dividends for SMSI!.
Industry RankSector Rank
Dividend Yield N/A

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SMITH MICRO SOFTWARE INC

NASDAQ:SMSI (10/9/2025, 9:41:13 PM)

After market: 0.85 +0.01 (+0.65%)

0.8445

-0.05 (-5.96%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-11 2025-11-11/amc
Inst Owners8.17%
Inst Owner Change0%
Ins Owners1.08%
Ins Owner Change4.83%
Market Cap18.12M
Analysts82.5
Price Target4.08 (383.13%)
Short Float %1.43%
Short Ratio1.08
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.88%
Min EPS beat(2)-4.49%
Max EPS beat(2)20.24%
EPS beat(4)3
Avg EPS beat(4)5.71%
Min EPS beat(4)-4.49%
Max EPS beat(4)20.24%
EPS beat(8)4
Avg EPS beat(8)15.69%
EPS beat(12)8
Avg EPS beat(12)16%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-10.25%
Min Revenue beat(2)-13.02%
Max Revenue beat(2)-7.47%
Revenue beat(4)0
Avg Revenue beat(4)-7.53%
Min Revenue beat(4)-13.02%
Max Revenue beat(4)-4.54%
Revenue beat(8)0
Avg Revenue beat(8)-5.27%
Revenue beat(12)0
Avg Revenue beat(12)-4.53%
Revenue beat(16)2
Avg Revenue beat(16)-3.91%
PT rev (1m)14.29%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.55%
EPS NY rev (1m)-75.88%
EPS NY rev (3m)-579.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.14%
Revenue NY rev (1m)-4.51%
Revenue NY rev (3m)-13.26%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.97
P/FCF N/A
P/OCF N/A
P/B 0.81
P/tB 13.23
EV/EBITDA N/A
EPS(TTM)-0.84
EYN/A
EPS(NY)-0.53
Fwd EYN/A
FCF(TTM)-0.54
FCFYN/A
OCF(TTM)-0.54
OCFYN/A
SpS0.87
BVpS1.04
TBVpS0.06
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -104.79%
ROE -138.31%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 73.41%
FCFM N/A
ROA(3y)-52.71%
ROA(5y)-35.91%
ROE(3y)-63.39%
ROE(5y)-42.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.05%
F-Score4
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0.72%
Cap/Sales 0.21%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.93
Quick Ratio 0.93
Altman-Z -17.99
F-Score4
WACC11.26%
ROIC/WACCN/A
Cap/Depr(3y)0.34%
Cap/Depr(5y)9.37%
Cap/Sales(3y)0.07%
Cap/Sales(5y)0.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28.95%
EPS Next Y-22.98%
EPS Next 2Y25.39%
EPS Next 3Y31.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-38.89%
Revenue growth 3Y-29.4%
Revenue growth 5Y-13.86%
Sales Q2Q%-14.01%
Revenue Next Year-6.98%
Revenue Next 2Y21.8%
Revenue Next 3Y39.1%
Revenue Next 5YN/A
EBIT growth 1Y4.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year62.25%
EBIT Next 3Y33.39%
EBIT Next 5YN/A
FCF growth 1Y22.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y23.23%
OCF growth 3YN/A
OCF growth 5YN/A