Smith Micro Software (SMSI) Operating Margin (2010 - 2026)
Smith Micro Software (SMSI) reported Operating Margin of 79.91% for Q1 2026, up 3284.0% on a YoY basis from 2.36% in Q1 2025, and up 27.23% quarter-over-quarter from 109.81% in Q4 2025.
Smith Micro Software (SMSI) Operating Margin (2010 - 2026) Analysis & Trends
Smith Micro Software has reported Operating Margin for 17 years, with the latest figure at 79.91% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 3284.0% year-over-year to 79.91%; the trailing twelve-month figure through Mar 2026 stood at 160.21% (down 4074.0% YoY), and the FY2025 full-year result was 167.09%, up 7320.0% from the prior year.
- Operating Margin for Q1 2026 stood at 79.91%, up from 109.81% in the prior quarter.
- The five-year high for Operating Margin was 19.83% in Q3 2023, with the low at 542.36% in Q1 2024.
- Historically, Operating Margin has averaged 122.84% across 5 years, with a median of 79.91% in 2026.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 47891 bps — and 2025, when it jumped 42961 bps.
- Smith Micro Software's Operating Margin stood at 62.78% in 2022, then retreated by 6 bps to 66.3% in 2023, then plunged by 35 bps to 89.66% in 2024, then fell by 22 bps to 109.81% in 2025, then grew by 27 bps to 79.91% in 2026.
- The last three Operating Margin figures came in at 79.91% (Q1 2026), 109.81% (Q4 2025), and 103.17% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Smith Micro Software | 77.98 Mn | 76.24 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% |