Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software (SMSI) reported Gross Margin of 78.42% for Q1 2026, up 564.0% on a YoY basis from 11.81% in Q1 2025, and up 2.68% quarter-over-quarter from 76.37% in Q4 2025.
Smith Micro Software (SMSI) Gross Margin (2010 - 2026) Analysis & Trends
Smith Micro Software has reported Gross Margin for 17 years, with the latest figure at 78.42% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 564.0% year-over-year to 78.42%; the trailing twelve-month figure through Mar 2026 stood at 75.49% (up 334.0% YoY), and the FY2025 full-year result was 74.05%, up 386.0% from the prior year.
- Gross Margin for Q1 2026 stood at 78.42%, up from 76.37% in the prior quarter.
- The five-year high for Gross Margin was 78.42% in Q1 2026, with the low at 65.71% in Q1 2024.
- Historically, Gross Margin has averaged 72.71% across 5 years, with a median of 72.78% in 2025.
- The largest YoY upside for Gross Margin was 1713 bps in 2022 against a maximum downside of 1498 bps in 2022.
- Smith Micro Software's Gross Margin stood at 70.82% in 2022, then grew by 6 bps to 74.87% in 2023, then rose by 1 bps to 75.63% in 2024, then advanced by 1 bps to 76.37% in 2025, then advanced by 3 bps to 78.42% in 2026.
- The last three Gross Margin figures came in at 78.42% (Q1 2026), 76.37% (Q4 2025), and 73.87% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Smith Micro Software | 77.98 Mn | 76.24 Mn | 3.31 Mn | 78.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.42% |
| Dec 31, 2025 | 76.37% |
| Sep 30, 2025 | 73.87% |
| Jun 30, 2025 | 73.51% |
| Mar 31, 2025 | 72.78% |
| Dec 31, 2024 | 75.63% |
| Sep 30, 2024 | 71.58% |
| Jun 30, 2024 | 68.74% |
| Mar 31, 2024 | 65.71% |
| Dec 31, 2023 | 74.87% |
| Sep 30, 2023 | 77.02% |
| Jun 30, 2023 | 74.96% |
| Mar 31, 2023 | 69.97% |
| Dec 31, 2022 | 70.82% |
| Sep 30, 2022 | 68.98% |
| Jun 30, 2022 | 71.46% |
| Mar 31, 2022 | 71.44% |
| Dec 31, 2021 | 53.69% |
| Sep 30, 2021 | 77.55% |
| Jun 30, 2021 | 78.91% |