SMITH MICRO SOFTWARE, INC.
SMSINasdaqTechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $17.4M | $20.6M | $40.9M | $48.5M | $58.4M | $51.3M |
| Operating income | −$29.0M | −$49.4M | −$18.1M | −$30.9M | −$30.9M | $3.5M |
| Net income | −$29.3M | −$48.7M | −$24.4M | −$29.3M | −$31.0M | $4.2M |
| Total assets | $25.0M | $48.0M | $85.6M | $103.6M | $115.4M | $72.9M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $18.4M | $40.8M | $75.4M | $76.4M | $100.6M | $58.7M |
| EPS (diluted) | $-1.46 | $-3.94 | $-3.01 | $-0.53 | $-0.61 | $0.05 |
| Shares out. | 17.8M | 74.9M | 58.7M | 54.3M | 42.2M | 39.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −167.1%
- Net margin
- −168.9%
- Return on equity
- −159.5%
- Return on assets
- −117.4%
- Return on capital (ROCE)
- −153.9%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $1.03
- Revenue growth (YoY)
- −15.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −88.6%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 4 warning● 1 good- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Smith William W JrActivist (13D)May 28, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Smith William W JrOfficer — Executive Chairman | May 14, 2026 | Tax withholding | 1,618 | $0.87 |
| Huffmyer Timothy C.Officer — President and CEO | May 14, 2026 | Tax withholding | 588 | $0.87 |
| Braund Bethany MOfficer — VP, CFO and Treasurer | May 14, 2026 | Tax withholding | 1,850 | $0.87 |
| Smith William W JrOfficer — Executive Chairman | Apr 27, 2026 | Tax withholding | 1,618 | $0.70 |
| Braund Bethany MOfficer — VP, CFO and Treasurer | Apr 27, 2026 | Tax withholding | 6,761 | $0.72 |
| Huffmyer Timothy C.Officer — President and CEO | Apr 27, 2026 | Tax withholding | 588 | $0.70 |
| Braund Bethany MOfficer — VP, CFO and Treasurer | Mar 31, 2026 | Grant | 20,000 | $0.00 |
| Smith William W JrOfficer — President and CEO | Mar 13, 2026 | Tax withholding | 4,943 | $0.85 |
| Huffmyer Timothy C.Officer — VP, COO, CFO and Treasurer | Mar 13, 2026 | Tax withholding | 1,788 | $0.85 |
| Szabo Gregory JDirector | Mar 9, 2026 | Grant | 12,500 | $0.00 |
| Keddy AshaDirector | Mar 9, 2026 | Grant | 12,500 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 471,431 | 3.7 | +84.0% |
| Apr 30, 2026 | 256,209 | 2.0 | +14.7% |
| Apr 15, 2026 | 223,466 | 3.0 | -18.0% |
| Mar 31, 2026 | 272,448 | 1.4 | +10.5% |
| Mar 13, 2026 | 246,544 | 1.0 | +38.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylaws · Shareholder voteMay 26, 2026
- Results of operations · Regulation FD disclosureApr 29, 2026
- Entered a material agreement · Terminated a material agreement · Results of operations · New financial obligation · Unregistered equity sale · Director / officer change · Regulation FD disclosureMar 4, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleFeb 5, 2026
- Delisting / listing-standard noticeDec 23, 2025
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureNov 10, 2025
- Results of operations · Regulation FD disclosureNov 5, 2025
- Shareholder voteOct 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13D/AMay 28, 2026
- 8-KFORM 8-KMay 26, 2026
- EFFECTMay 20, 2026
- 424B3FORM 424B3May 20, 2026
- 4FORM 4May 18, 2026
- 4FORM 4May 18, 2026
- 4FORM 4May 18, 2026
- S-1FORM S-1May 8, 2026
- 10-QFORM 10-QMay 1, 2026
- 8-KFORM 8-KApr 29, 2026
- 4FORM 4Apr 28, 2026
- 4FORM 4Apr 28, 2026
- 4FORM 4Apr 28, 2026
- ARSFORM ARSApr 16, 2026
- DEFA14AFORM DEFA14AApr 16, 2026