Smith Micro Software (SMSI) Operating Expenses (2010 - 2026)

Smith Micro Software's (SMSI) quarterly Operating Expenses came in at $6.7 million in Q1 2026, down 22.05% YoY from $8.6 million in Q1 2025, and down 9.68% on a QoQ basis from $7.4 million in Q4 2025.

Smith Micro Software (SMSI) Operating Expenses (2010 - 2026) Analysis & Trends

Smith Micro Software (SMSI) has 17 years of Operating Expenses data on file, last reported at $6.7 million in Q1 2026.

  • Quarterly Operating Expenses fell 22.05% year-over-year to $6.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $40.0 million (up 7.66% YoY) and the FY2025 annual result came in at $41.9 million, down 34.39% from the prior year.
  • Operating Expenses eased to $6.7 million in Q1 2026, from $7.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $35.3 million in Q1 2024 to a low of $6.7 million in Q1 2026.
  • A 5-year average of $13.3 million and a median of $11.0 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses soared 141.76% — and 2025, when it tumbled 75.68%.
  • Tracing SMSI's Operating Expenses over 5 years: stood at $15.2 million in 2022, then retreated by 20.38% to $12.1 million in 2023, then sank by 32.28% to $8.2 million in 2024, then slipped by 9.93% to $7.4 million in 2025, then declined by 9.68% to $6.7 million in 2026.
  • The last three Operating Expenses figures came in at $6.7 million (Q1 2026), $7.4 million (Q4 2025), and $7.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 255.48 Bn 234.41 Bn 16.51 Bn -16.33 Bn
2 Shopify 198.95 Bn 194.00 Bn 1.71 Bn 1.22 Bn
3 Salesforce 160.70 Bn 148.86 Bn 8.56 Bn 6.22 Bn
4 Uber Technologies 154.94 Bn 149.73 Bn 6.38 Bn 12.30 Bn
5 ServiceNow 128.25 Bn 123.58 Bn 2.82 Bn 2.66 Bn
6 Snowflake 114.00 Bn 111.05 Bn 926.45 Mn 1.25 Bn
7 Automatic Data Processing 108.58 Bn 104.35 Bn 2.51 Bn 4.34 Bn
8 Adobe 105.34 Bn 99.72 Bn 5.90 Bn 3.67 Bn
9 Intuit 94.55 Bn 87.77 Bn 7.24 Bn 4.54 Bn
10 Smith Micro Software 14.65 Mn 12.91 Mn 3.31 Mn 6.68 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.68 Mn
Dec 31, 2025 7.40 Mn
Sep 30, 2025 7.70 Mn
Jun 30, 2025 18.20 Mn
Mar 31, 2025 8.57 Mn
Dec 31, 2024 8.22 Mn
Sep 30, 2024 9.83 Mn
Jun 30, 2024 10.51 Mn
Mar 31, 2024 35.26 Mn
Dec 31, 2023 12.13 Mn
Sep 30, 2023 10.65 Mn
Jun 30, 2023 10.99 Mn
Mar 31, 2023 14.58 Mn
Dec 31, 2022 15.24 Mn
Sep 30, 2022 16.43 Mn
Jun 30, 2022 17.43 Mn
Mar 31, 2022 16.14 Mn
Dec 31, 2021 14.61 Mn
Sep 30, 2021 31.21 Mn
Jun 30, 2021 17.77 Mn