Smith Micro Software (SMSI) Operating Expenses (2010 - 2026)
Smith Micro Software (SMSI) posted Operating Expenses of $6.7 million for Q1 2026, down 9.68% on a QoQ basis from $7.4 million in Q4 2025, and down 22.05% year-over-year from $8.6 million in Q1 2025.
Smith Micro Software (SMSI) Operating Expenses (2010 - 2026) Analysis & Trends
Smith Micro Software's Operating Expenses history runs 17 years deep, the most recent figure standing at $6.7 million for 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 was $6.7 million for Q1 2026 at Smith Micro Software, down from $7.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $35.3 million in Q1 2024 and bottomed at $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 slumped 75.68%.
- Smith Micro Software's Operating Expenses stood at $15.2 million in 2022, then slipped by 20.38% to $12.1 million in 2023, then tumbled by 32.28% to $8.2 million in 2024, then declined by 9.93% to $7.4 million in 2025, then retreated by 9.68% to $6.7 million in 2026.
- Business Quant data shows SMSI's Operating Expenses at $6.7 million in Q1 2026, $7.4 million in Q4 2025, and $7.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Smith Micro Software | 9.22 Mn | 7.48 Mn | 3.31 Mn | 6.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |