Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software (SMSI) posted Gross Margin of 78.42% for Q1 2026, up 2.68% on a QoQ basis from 76.37% in Q4 2025, and up 564.0% year-over-year from 11.81% in Q1 2025.
Smith Micro Software (SMSI) Gross Margin (2010 - 2026) Analysis & Trends
Smith Micro Software's Gross Margin history runs 17 years deep, the most recent figure standing at 78.42% for 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 was 78.42% for Q1 2026 at Smith Micro Software, up from 76.37% in the prior quarter.
- Across five years, Gross Margin topped out at 78.42% in Q1 2026 and bottomed at 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.
- Peak annual rise in Gross Margin reached 1713 bps in 2022, while the deepest fall reached 1498 bps in 2022.
- Smith Micro Software's Gross Margin stood at 70.82% in 2022, then rose by 6 bps to 74.87% in 2023, then advanced by 1 bps to 75.63% in 2024, then grew by 1 bps to 76.37% in 2025, then grew by 3 bps to 78.42% in 2026.
- Business Quant data shows SMSI's Gross Margin at 78.42% in Q1 2026, 76.37% in Q4 2025, and 73.87% 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 | Smith Micro Software | 9.22 Mn | 7.48 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% |