Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software's (SMSI) quarterly Gross Margin came in at 81.32% in Q2 2026, up 781.0% on a YoY basis from 9.23% in Q2 2025, and up 3.7% quarter-over-quarter from 78.42% in Q1 2026.
Analysis
Smith Micro Software (SMSI) Gross Margin (2010 - 2026) Analysis & Trends
Smith Micro Software (SMSI) has reported Gross Margin for 17 consecutive years, with 81.32% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 781.0% year-over-year to 81.32%; the trailing twelve-month figure through Jun 2026 stood at 77.51% (up 410.0% YoY), and the FY2025 full-year result was 74.05%, up 386.0% from the prior year.
- Gross Margin advanced to 81.32% in Q2 2026 per SMSI's latest filing, from 78.42% in the prior quarter.
- Across five years, Gross Margin topped out at 81.32% in Q2 2026 and bottomed at 65.71% in Q1 2024.
- Historically, Gross Margin has averaged 73.19% across 5 years, with a median of 73.14% in 2025.
- The widest YoY moves for Gross Margin: up 1713 bps in 2022, down 1498 bps in 2022.
- Over 5 years, 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 rose by 6 bps to 81.32% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 81.32%, 78.42%, and 76.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 48.42% |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 77.16% |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 64.21% |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 71.89% |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 53.37% |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 35.72% |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 79.98% |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 61.26% |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 63.67% |
| 10 | Smith Micro Software | 15.88 Mn | 13.08 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 | 53.69% |
| Sep 30, 2021 | 77.55% |