NASDAQ · SMSI

Smith Micro Software, Inc.

Closing price · Nov 13, 2026 $2.57

Latest quarter · ended Sep 30, 2026

Cash got weaker, but sales grew

descriptionFiled Nov 12, 2026
Revenue growthFaster
+15.4%
Quarter ended Dec 31, 2024: −42.2% sales vs. a year beforeQuarter ended Mar 31, 2025: −20.3% sales vs. a year beforeQuarter ended Jun 30, 2025: −14.0% sales vs. a year beforeQuarter ended Sep 30, 2025: −6.5% sales vs. a year beforeQuarter ended Dec 31, 2025: −20.0% sales vs. a year beforeQuarter ended Mar 31, 2026: −8.7% sales vs. a year beforeQuarter ended Jun 30, 2026: −1.8% sales vs. a year beforeQuarter ended Sep 30, 2026: +15.4% sales vs. a year before
Dec '24Sep '26
$5.02M vs. $4.35M a year ago
Gross marginBetter
81.6%
Quarter ended Dec 31, 2024: 75.6% gross marginQuarter ended Mar 31, 2025: 72.8% gross marginQuarter ended Jun 30, 2025: 73.5% gross marginQuarter ended Sep 30, 2025: 73.9% gross marginQuarter ended Dec 31, 2025: 76.4% gross marginQuarter ended Mar 31, 2026: 78.4% gross marginQuarter ended Jun 30, 2026: 81.3% gross marginQuarter ended Sep 30, 2026: 81.6% gross margin
Dec '24Sep '26
vs. 73.9% a year ago
Cash from operationsBetter
−$193K
Quarter ended Dec 31, 2024: −$4.93M cash from operationsQuarter ended Mar 31, 2025: −$602K cash from operationsQuarter ended Jun 30, 2025: −$2.27M cash from operationsQuarter ended Sep 30, 2025: −$2.14M cash from operationsQuarter ended Dec 31, 2025: −$2.19M cash from operationsQuarter ended Mar 31, 2026: −$3.75M cash from operationsQuarter ended Jun 30, 2026: −$882K cash from operationsQuarter ended Sep 30, 2026: −$193K cash from operations
Dec '24Sep '26
vs. −$2.14M a year ago
Share countBuying back
−74.1%
Quarter ended Dec 31, 2024: 17.77M sharesQuarter ended Mar 31, 2025: 19.41M sharesQuarter ended Jun 30, 2025: 20.99M sharesQuarter ended Sep 30, 2025: 21.59M sharesQuarter ended Dec 31, 2025: 25.76M sharesQuarter ended Mar 31, 2026: 25.56M sharesQuarter ended Jun 30, 2026: 5.59M sharesQuarter ended Sep 30, 2026: 5.59M shares
Dec '24Sep '26
5.59M shares vs. 21.59M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Mixed Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 0
  • info
    2 real insider sales in 12 months. $44.4K in total, not counting planned sales.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

18 funds report owning SMSI, down from 21

Holdings as of Jun 30, 2026
New4
Added4
Held6
Trimmed4
Sold out7

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovStock grant · Dec 9 · 75,398 shStock grant · Dec 9 · 119,049 shShares withheld for tax · Dec 17 · $157Shares withheld for tax · Dec 17 · $620Code D · Feb 21 · 7,280 shCode D · Feb 21 · 9,706 shShares withheld for tax · Feb 27 · $13.8KShares withheld for tax · Feb 27 · $22.6KCode D · Mar 4 · 5,261 shCode D · Mar 4 · 12,626 shStock grant · Mar 9 · 75,000 sh · 6 peopleShares withheld for tax · Mar 13 · $1.52KShares withheld for tax · Mar 13 · $4.2KStock grant · Mar 31 · 20,000 shShares withheld for tax · Apr 27 · $4.87KShares withheld for tax · Apr 27 · $412Shares withheld for tax · Apr 27 · $1.13KShares withheld for tax · May 14 · $1.61KShares withheld for tax · May 14 · $512Shares withheld for tax · May 14 · $1.41KShares withheld for tax · Aug 19 · $6Shares withheld for tax · Aug 19 · $861Shares withheld for tax · Aug 19 · $2.76KShares withheld for tax · Sep 15 · $290Shares withheld for tax · Sep 15 · $1.32KOpen-market sale · Dec 10 · $23.2KOpen-market sale · Dec 11 · $21.2K
CEOCFOOther officersDirectorsDecFebAprJunAugOctStock grant · Dec 9 · 75,398 shStock grant · Dec 9 · 119,049 shShares withheld for tax · Dec 17 · $157Shares withheld for tax · Dec 17 · $620Code D · Feb 21 · 7,280 shCode D · Feb 21 · 9,706 shShares withheld for tax · Feb 27 · $13.8KShares withheld for tax · Feb 27 · $22.6KCode D · Mar 4 · 5,261 shCode D · Mar 4 · 12,626 shStock grant · Mar 9 · 75,000 sh · 6 peopleShares withheld for tax · Mar 13 · $1.52KShares withheld for tax · Mar 13 · $4.2KStock grant · Mar 31 · 20,000 shShares withheld for tax · Apr 27 · $4.87KShares withheld for tax · Apr 27 · $412Shares withheld for tax · Apr 27 · $1.13KShares withheld for tax · May 14 · $1.61KShares withheld for tax · May 14 · $512Shares withheld for tax · May 14 · $1.41KShares withheld for tax · Aug 19 · $6Shares withheld for tax · Aug 19 · $861Shares withheld for tax · Aug 19 · $2.76KShares withheld for tax · Sep 15 · $290Shares withheld for tax · Sep 15 · $1.32KOpen-market sale · Dec 10 · $23.2KOpen-market sale · Dec 11 · $21.2K

Last 12 months. No real trades in the last 6.

Showing 2 real trades. Hidden: 9 stock grants, 17 tax withholdings. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

Real trades, newest first

Dec 11 William Smith President and CEO, Director, 10% owner Open-market sale $21.2K 36,597 sh at $0.58 Sold 1% of stake
Dec 10 William Smith President and CEO, Director, 10% owner Open-market sale $23.2K 38,697 sh at $0.60 Sold 1% of stake

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in SMSI

As of Jun 30, 2026
FundOwnsValueChange
Vanguard Capital Management LLC2.4%$358K+117%
Pacific Ridge Capital Partners, LLC1.9%$279KSame
Geode Capital Management, LLC0.7%$109K−44%
HRT Financial LP0.5%$78KNew
UBS Group AG0.5%$75.1K+1303%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast · Your watchlist