Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software (SMSI) recorded Gross Margin of 81.32% in Q2 2026, up 7.81 percentage points from 73.51% a year earlier and up 2.90 percentage points from the prior quarter.
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Analysis
Smith Micro Software (SMSI) Gross Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Smith Micro Software's Gross Margin came in at 77.51% as of Jun 30, 2026, up 4.10 percentage points year-over-year; for FY2025, it was 74.05%, up 3.86 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -15.83 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 70.20% in FY2024 (-3.96 pp), 74.16% in FY2023 (+3.45 pp), 70.71% in FY2022 (-7.56 pp) and 78.27% in FY2021 (-11.62 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q1 2021.
- On a year-over-year basis, Gross Margin has increased for seven consecutive quarters, with an average year-over-year change of +2.95 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.04 percentage points in Q3 2023, against a drop of 16.50 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 78.42% (Q1 2026), 76.37% (Q4 2025) and 73.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 88.71% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 86.50% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 48.42% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 91.40% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 77.16% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 83.66% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 80.21% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 64.21% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 71.89% |
| 10 | Smith Micro Software | 14.81 Mn | 7.39 Mn | 3.53 Mn | 81.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 81.32% |
| 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 | 72.05% |
| Sep 30, 2021 | 77.55% |
API Access
Smith Micro Software Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();