Smith Micro Software (SMSI) Gross Margin (2010 - 2026)
Smith Micro Software posted quarterly Gross Margin of 78.42% for Q1 2026, up 564.0% year-on-year from 11.81% in Q1 2025, and up 2.68% on a QoQ basis from 76.37% in Q4 2025.
Smith Micro Software (SMSI) has 17 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 78.42% in Q1 2026 and bottomed at 65.71% in Q1 2024.
- The 5-year median for Gross Margin is 72.78% (2025), against an average of 72.71%.
- Peak annual rise in Gross Margin reached 1713 bps in 2022, while the deepest fall reached 1498 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 70.82% in 2022, then increased by 6 bps to 74.87% in 2023, then gained by 1 bps to 75.63% in 2024, then climbed by 1 bps to 76.37% in 2025, then climbed 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Smith Micro Software | 22.21 Mn | 20.47 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% |
| Mar 31, 2021 | 86.42% |
| Dec 31, 2020 | 88.55% |
| Sep 30, 2020 | 89.50% |
| Jun 30, 2020 | 90.19% |
| Mar 31, 2020 | 91.20% |
| Dec 31, 2019 | 91.64% |
| Sep 30, 2019 | 91.42% |
| Jun 30, 2019 | 91.03% |
| Mar 31, 2019 | 89.14% |
| Dec 31, 2018 | 87.36% |
| Sep 30, 2018 | 85.00% |
| Jun 30, 2018 | 83.93% |
| Mar 31, 2018 | 76.04% |
| Dec 31, 2017 | 76.36% |
| Sep 30, 2017 | 80.03% |
| Jun 30, 2017 | 78.08% |
| Mar 31, 2017 | 76.99% |
| Dec 31, 2016 | 75.42% |
| Sep 30, 2016 | 72.24% |
| Jun 30, 2016 | 74.37% |
| Mar 31, 2016 | 70.71% |
| Dec 31, 2015 | 79.97% |
| Sep 30, 2015 | 79.56% |
| Jun 30, 2015 | 77.94% |
| Mar 31, 2015 | 79.88% |
| Dec 31, 2014 | 78.73% |
| Sep 30, 2014 | 76.70% |
| Jun 30, 2014 | 71.26% |
| Mar 31, 2014 | 71.36% |
| Dec 31, 2013 | 79.99% |
| Sep 30, 2013 | 71.51% |
| Jun 30, 2013 | 77.10% |
| Mar 31, 2013 | 78.93% |
| Dec 31, 2012 | 80.58% |
| Sep 30, 2012 | 80.75% |
| Jun 30, 2012 | 82.34% |
| Mar 31, 2012 | 78.30% |
| Dec 31, 2011 | 75.75% |
| Sep 30, 2011 | 70.72% |
| Jun 30, 2011 | 77.90% |
| Mar 31, 2011 | 78.78% |
| Dec 31, 2010 | 88.55% |
| Sep 30, 2010 | 88.91% |
| Jun 30, 2010 | 87.36% |