Smith Micro Software (SMSI) Cost of Revenue (2010 - 2026)

Smith Micro Software (SMSI) posted Cost of Revenue of $911000.0 for Q1 2026, down 2.98% on a QoQ basis from $939000.0 in Q4 2025, and down 27.58% year-over-year from $1.3 million in Q1 2025.

Smith Micro Software (SMSI) Cost of Revenue (2010 - 2026) Analysis & Trends

Smith Micro Software's Cost of Revenue history runs 17 years deep, the most recent figure standing at $911000.0 for Q1 2026.

  • Quarterly Cost of Revenue fell 27.58% year-over-year to $911000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.2 million (down 22.98% YoY) and the FY2025 annual result came in at $4.5 million, down 26.46% from the prior year.
  • Cost of Revenue was $911000.0 for Q1 2026 at Smith Micro Software, down from $939000.0 in the prior quarter.
  • Across five years, Cost of Revenue topped out at $3.6 million in Q1 2022 and bottomed at $911000.0 in Q1 2026.
  • A 5-year average of $2.1 million and a median of $2.0 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue soared 135.4% — and 2024, when it slumped 47.75%.
  • Smith Micro Software's Cost of Revenue stood at $3.3 million in 2022, then slumped by 35.13% to $2.2 million in 2023, then sank by 43.91% to $1.2 million in 2024, then declined by 22.46% to $939000.0 in 2025, then fell by 2.98% to $911000.0 in 2026.
  • Business Quant data shows SMSI's Cost of Revenue at $911000.0 in Q1 2026, $939000.0 in Q4 2025, and $1.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Smith Micro Software 13.26 Mn 11.52 Mn 3.31 Mn 911,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 911,000.00
Mar 31, 2026 911,000.00
Dec 31, 2025 939,000.00
Dec 31, 2025 939,000.00
Sep 30, 2025 1.14 Mn
Sep 30, 2025 1.14 Mn
Jun 30, 2025 1.17 Mn
Jun 30, 2025 1.17 Mn
Mar 31, 2025 1.26 Mn
Mar 31, 2025 1.26 Mn
Dec 31, 2024 1.21 Mn
Dec 31, 2024 1.21 Mn
Sep 30, 2024 1.32 Mn
Sep 30, 2024 1.32 Mn
Jun 30, 2024 1.61 Mn
Jun 30, 2024 1.61 Mn
Mar 31, 2024 1.99 Mn
Mar 31, 2024 1.99 Mn
Dec 31, 2023 2.16 Mn
Dec 31, 2023 2.16 Mn