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Smith Micro Software profit margin SMSI

Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.

Net margin, 12 months
−92.6%
Operating margin, 12 months
−86.4%
Peer median
6.2%

Over the twelve months to Jun 30, 2026, Smith Micro Software kept −92.6% of its revenue as net profit, with an operating margin of −86.4% and a gross margin of 77.5%.

Five years earlier its net margin was −14.7%.

The median for 7 infrastructure software stocks of a similar size is 6.2%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025n/an/a74.1%
FY2024n/an/a70.2%
FY2023−59.7%−44.2%74.2%
FY2022−60.4%−63.7%70.7%
FY2021−53.1%−53.0%78.3%
FY20208.1%6.9%89.9%
FY201924.7%23.3%90.9%
FY2018−10.4%−4.6%83.5%
FY2017−29.0%−24.7%77.9%
FY2016−52.5%−56.3%73.2%
FY2015−6.6%−6.4%79.4%
FY2014−31.9%−31.8%74.8%
FY2013−65.5%−65.2%77.3%
FY2012−58.8%−62.3%80.5%
FY2011n/an/a76.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−92.6%n/a−86.4%
Q1 FY26n/an/an/a
Q4 FY25n/an/an/a
Q3 FY25n/an/an/a
Q2 FY25n/an/an/a
Q1 FY25n/an/an/a
Q4 FY24n/an/an/a
Q3 FY24n/an/an/a
Q2 FY24n/an/an/a
Q1 FY24n/an/an/a
Q4 FY23−59.7%+0.6 pts−44.2%
Q3 FY23−58.7%−9.9 pts−44.7%

Against its peers

Companies in Software - Infrastructure nearest Smith Micro Software's size, closest first, today.

CompanyProfit margin
SMSISmith Micro Software−92.6%
MSGMMotorsport Games16.2%
FIEEFiEEn/m
IDNIntellicheck13.0%
WFCFWhere Food Comes From5.8%
CCLDCareCloud6.2%
FATNFatpipen/m
NTWKNetsol Technologies4.0%
Peer median6.2%

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Smith Micro Software

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.