Phunware (PHUN) Gross Margin (2019 - 2026)
Phunware (PHUN) posted Gross Margin of 70.85% for Q1 2026, up 22.7% on a QoQ basis from 57.74% in Q4 2025, and up 1867.0% year-over-year from 3.6% in Q1 2025.
Phunware (PHUN) Gross Margin (2019 - 2026) Analysis & Trends
Phunware's Gross Margin history runs 8 years deep, the most recent figure standing at 70.85% for Q1 2026.
- Quarterly Gross Margin rose 1867.0% year-over-year to 70.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 54.67% (up 1107.0% YoY) and the FY2025 annual result came in at 50.57%, up 497.0% from the prior year.
- Gross Margin was 70.85% for Q1 2026 at Phunware, up from 57.74% in the prior quarter.
- Across five years, Gross Margin topped out at 70.85% in Q1 2026 and bottomed at 5.43% in Q1 2023.
- A 5-year average of 39.08% and a median of 46.14% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 3579 bps — and 2024, when it jumped 5146 bps.
- Phunware's Gross Margin stood at 5.5% in 2022, then surged by 761 bps to 47.34% in 2023, then tumbled by 51 bps to 23.31% in 2024, then jumped by 148 bps to 57.74% in 2025, then advanced by 23 bps to 70.85% in 2026.
- Business Quant data shows PHUN's Gross Margin at 70.85% in Q1 2026, 57.74% in Q4 2025, and 46.14% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Phunware | 17.51 Mn | 17.51 Mn | 384,000.00 | 70.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.85% |
| Dec 31, 2025 | 57.74% |
| Sep 30, 2025 | 46.14% |
| Jun 30, 2025 | 41.76% |
| Mar 31, 2025 | 52.18% |
| Dec 31, 2024 | 23.31% |
| Sep 30, 2024 | 48.42% |
| Jun 30, 2024 | 46.49% |
| Mar 31, 2024 | 56.89% |
| Dec 31, 2023 | 47.34% |
| Sep 30, 2023 | 50.40% |
| Jun 30, 2023 | 41.31% |
| Mar 31, 2023 | 5.43% |
| Dec 31, 2022 | 5.50% |
| Sep 30, 2022 | 16.71% |
| Jun 30, 2022 | 27.71% |
| Mar 31, 2022 | 26.13% |
| Dec 31, 2021 | 22.46% |
| Sep 30, 2021 | 52.50% |
| Jun 30, 2021 | 21.73% |