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| 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 |