Smith Micro Software (SMSI) Net Margin (2010 - 2026)
Smith Micro Software (SMSI) posted Net Margin of 92.32% for Q1 2026, up 21.72% on a QoQ basis from 117.94% in Q4 2025, and up 1973.0% year-over-year from 4.45% in Q1 2025.
Smith Micro Software (SMSI) Net Margin (2010 - 2026) Analysis & Trends
Smith Micro Software's Net Margin history runs 17 years deep, the most recent figure standing at 92.32% for Q1 2026.
- Quarterly Net Margin rose 1973.0% year-over-year to 92.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 169.89% (down 5189.0% YoY) and the FY2025 annual result came in at 173.33%, up 6358.0% from the prior year.
- Net Margin was 92.32% for Q1 2026 at Smith Micro Software, up from 117.94% in the prior quarter.
- Across five years, Net Margin topped out at 46.66% in Q3 2023 and bottomed at 534.79% in Q1 2024.
- A 5-year average of 127.13% and a median of 88.35% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin slumped 47178 bps — and 2025, when it soared 42273 bps.
- Smith Micro Software's Net Margin stood at 69.9% in 2022, then slipped by 12 bps to 78.11% in 2023, then slipped by 13 bps to 88.35% in 2024, then sank by 33 bps to 117.94% in 2025, then climbed by 22 bps to 92.32% in 2026.
- Business Quant data shows SMSI's Net Margin at 92.32% in Q1 2026, 117.94% in Q4 2025, and 118.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Smith Micro Software | 9.22 Mn | 7.48 Mn | 3.31 Mn | -92.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -92.32% |
| Dec 31, 2025 | -117.94% |
| Sep 30, 2025 | -118.93% |
| Jun 30, 2025 | -340.77% |
| Mar 31, 2025 | -112.05% |
| Dec 31, 2024 | -88.35% |
| Sep 30, 2024 | -137.03% |
| Jun 30, 2024 | -134.81% |
| Mar 31, 2024 | -534.79% |
| Dec 31, 2023 | -78.11% |
| Sep 30, 2023 | -46.66% |
| Jun 30, 2023 | -54.80% |
| Mar 31, 2023 | -63.01% |
| Dec 31, 2022 | -69.90% |
| Sep 30, 2022 | -49.68% |
| Jun 30, 2022 | -67.01% |
| Mar 31, 2022 | -54.98% |
| Dec 31, 2021 | -20.35% |
| Sep 30, 2021 | -113.16% |
| Jun 30, 2021 | -32.68% |