Smith Micro Software (SMSI) Operating Margin (2010 - 2026)
Smith Micro Software (SMSI) posted Operating Margin of 79.91% for Q1 2026, up 27.23% on a QoQ basis from 109.81% in Q4 2025, and up 3284.0% year-over-year from 2.36% in Q1 2025.
Smith Micro Software (SMSI) Operating Margin (2010 - 2026) Analysis & Trends
Smith Micro Software's Operating Margin history runs 17 years deep, the most recent figure standing at 79.91% for Q1 2026.
- Quarterly Operating Margin rose 3284.0% year-over-year to 79.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 160.21% (down 4074.0% YoY) and the FY2025 annual result came in at 167.09%, up 7320.0% from the prior year.
- Operating Margin was 79.91% for Q1 2026 at Smith Micro Software, up from 109.81% in the prior quarter.
- Across five years, Operating Margin topped out at 19.83% in Q3 2023 and bottomed at 542.36% in Q1 2024.
- A 5-year average of 122.84% and a median of 79.91% in 2026 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin sank 47891 bps — and 2025, when it jumped 42961 bps.
- Smith Micro Software's Operating Margin stood at 62.78% in 2022, then slipped by 6 bps to 66.3% in 2023, then slumped by 35 bps to 89.66% in 2024, then decreased by 22 bps to 109.81% in 2025, then rose by 27 bps to 79.91% in 2026.
- Business Quant data shows SMSI's Operating Margin at 79.91% in Q1 2026, 109.81% in Q4 2025, and 103.17% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Smith Micro Software | 9.22 Mn | 7.48 Mn | 3.31 Mn | -79.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -79.91% |
| Dec 31, 2025 | -109.81% |
| Sep 30, 2025 | -103.17% |
| Jun 30, 2025 | -338.30% |
| Mar 31, 2025 | -112.75% |
| Dec 31, 2024 | -89.66% |
| Sep 30, 2024 | -140.00% |
| Jun 30, 2024 | -135.78% |
| Mar 31, 2024 | -542.36% |
| Dec 31, 2023 | -66.30% |
| Sep 30, 2023 | -19.83% |
| Jun 30, 2023 | -31.38% |
| Mar 31, 2023 | -63.45% |
| Dec 31, 2022 | -62.78% |
| Sep 30, 2022 | -71.42% |
| Jun 30, 2022 | -66.06% |
| Mar 31, 2022 | -55.27% |
| Dec 31, 2021 | -20.46% |
| Sep 30, 2021 | -112.27% |
| Jun 30, 2021 | -32.73% |