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
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