Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software's (SMSI) quarterly Gross Margin came in at 78.42% in Q1 2026, up 564.0% YoY from 11.81% in Q1 2025, and up 2.68% on a QoQ basis from 76.37% in Q4 2025.
Smith Micro Software (SMSI) Gross Margin (2010 - 2026) Analysis & Trends
Smith Micro Software (SMSI) has 17 years of Gross Margin data on file, last reported at 78.42% in Q1 2026.
- Quarterly Gross Margin rose 564.0% year-over-year to 78.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 75.49% (up 334.0% YoY) and the FY2025 annual result came in at 74.05%, up 386.0% from the prior year.
- Gross Margin grew to 78.42% in Q1 2026, from 76.37% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.42% in Q1 2026 to a low of 65.71% in Q1 2024.
- A 5-year average of 72.71% and a median of 72.78% in 2025 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 1713 bps in 2022, down 1498 bps in 2022.
- Tracing SMSI's Gross Margin over 5 years: 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 | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Smith Micro Software | 14.65 Mn | 12.91 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% |