Smith Micro Software (SMSI) Net Margin (2010 - 2026)
Smith Micro Software (SMSI) reported Net Margin of 92.32% for Q1 2026, up 1973.0% on a YoY basis from 4.45% in Q1 2025, and up 21.72% quarter-over-quarter from 117.94% in Q4 2025.
Smith Micro Software (SMSI) Net Margin (2010 - 2026) Analysis & Trends
Smith Micro Software has reported Net Margin for 17 years, with the latest figure at 92.32% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 1973.0% year-over-year to 92.32%; the trailing twelve-month figure through Mar 2026 stood at 169.89% (down 5189.0% YoY), and the FY2025 full-year result was 173.33%, up 6358.0% from the prior year.
- Net Margin for Q1 2026 stood at 92.32%, up from 117.94% in the prior quarter.
- The five-year high for Net Margin was 46.66% in Q3 2023, with the low at 534.79% in Q1 2024.
- Historically, Net Margin has averaged 127.13% across 5 years, with a median of 88.35% in 2024.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 47178 bps — and 2025, when it soared 42273 bps.
- Smith Micro Software's Net Margin stood at 69.9% in 2022, then retreated by 12 bps to 78.11% in 2023, then retreated by 13 bps to 88.35% in 2024, then tumbled by 33 bps to 117.94% in 2025, then gained by 22 bps to 92.32% in 2026.
- The last three Net Margin figures came in at 92.32% (Q1 2026), 117.94% (Q4 2025), and 118.93% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Smith Micro Software | 77.98 Mn | 76.24 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% |