Smith Micro Software (SMSI) Operating Leases (2019 - 2026)
Smith Micro Software (SMSI) reported Operating Leases of $1.81 million for Q2 2026, up 179.4% from $646,000 a year earlier and up 56.4% from the prior quarter.
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Analysis
Smith Micro Software (SMSI) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Smith Micro Software posted Operating Leases of $417,000, down 67.6% from FY2024.
- Operating Leases has declined for six consecutive years, with a five-year compound annual growth rate of -38.7% (FY2020 to FY2025).
- By year, Operating Leases came in at $1.29 million in FY2024 (-27.7%), $1.78 million in FY2023 (-40.2%), $2.98 million in FY2022 (-33.4%) and $4.47 million in FY2021 (-7.0%).
- The Q2 2026 figure ranks as the highest quarterly Operating Leases since Q2 2024.
- Year over year, Operating Leases gained in two of the last eight quarters, with an average decline of 11.3%.
- The high point for year-over-year Operating Leases in five years was Q2 2026 (growth of 179.4%); the low point was Q3 2025 (a decline of 70.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.15 million (Q1 2026), $417,000 (Q4 2025) and $501,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn |
| 10 | Smith Micro Software | 14.81 Mn | 7.39 Mn | 3.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.81 Mn |
| Mar 31, 2026 | 1.15 Mn |
| Dec 31, 2025 | 417,000.00 |
| Sep 30, 2025 | 501,000.00 |
| Jun 30, 2025 | 646,000.00 |
| Mar 31, 2025 | 902,000.00 |
| Dec 31, 2024 | 1.29 Mn |
| Sep 30, 2024 | 1.71 Mn |
| Jun 30, 2024 | 2.01 Mn |
| Mar 31, 2024 | 2.23 Mn |
| Dec 31, 2023 | 1.78 Mn |
| Sep 30, 2023 | 1.79 Mn |
| Jun 30, 2023 | 2.20 Mn |
| Mar 31, 2023 | 2.59 Mn |
| Dec 31, 2022 | 2.98 Mn |
| Sep 30, 2022 | 3.24 Mn |
| Jun 30, 2022 | 3.64 Mn |
| Mar 31, 2022 | 4.07 Mn |
| Dec 31, 2021 | 4.47 Mn |
| Sep 30, 2021 | 4.86 Mn |
API Access
Smith Micro Software Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=SMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "SMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=SMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();