Smith Micro Software (SMSI) Research & Development (2010 - 2026)
Smith Micro Software's (SMSI) quarterly Research & Development came in at $1.8 million in Q1 2026, down 35.32% YoY from $2.9 million in Q1 2025, and up 55.16% on a QoQ basis from $1.2 million in Q4 2025.
Smith Micro Software (SMSI) Research & Development (2010 - 2026) Analysis & Trends
Smith Micro Software (SMSI) has 17 years of Research & Development data on file, last reported at $1.8 million in Q1 2026.
- Quarterly Research & Development fell 35.32% year-over-year to $1.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.4 million (down 18.46% YoY) and the FY2025 annual result came in at $6.0 million, down 32.66% from the prior year.
- Research & Development advanced to $1.8 million in Q1 2026, from $1.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $19.7 million in Q4 2022 to a low of $1.2 million in Q4 2025.
- A 5-year average of $4.0 million and a median of $2.9 million in 2025 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development jumped 49.09% — and 2023, when it sank 80.36%.
- Tracing SMSI's Research & Development over 5 years: stood at $19.7 million in 2022, then slumped by 80.36% to $3.9 million in 2023, then slumped by 56.71% to $1.7 million in 2024, then dropped by 28.9% to $1.2 million in 2025, then surged by 55.16% to $1.8 million in 2026.
- The last three Research & Development figures came in at $1.8 million (Q1 2026), $1.2 million (Q4 2025), and $2.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Smith Micro Software | 14.65 Mn | 12.91 Mn | 3.31 Mn | 1.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.85 Mn |
| Dec 31, 2025 | 1.19 Mn |
| Sep 30, 2025 | 2.60 Mn |
| Jun 30, 2025 | 2.75 Mn |
| Mar 31, 2025 | 2.86 Mn |
| Dec 31, 2024 | 1.68 Mn |
| Sep 30, 2024 | 2.06 Mn |
| Jun 30, 2024 | 3.70 Mn |
| Mar 31, 2024 | 2.61 Mn |
| Dec 31, 2023 | 3.87 Mn |
| Sep 30, 2023 | 3.70 Mn |
| Jun 30, 2023 | 2.63 Mn |
| Mar 31, 2023 | 3.55 Mn |
| Dec 31, 2022 | 19.70 Mn |
| Sep 30, 2022 | 2.99 Mn |
| Jun 30, 2022 | 3.72 Mn |
| Mar 31, 2022 | 7.27 Mn |
| Dec 31, 2021 | 17.77 Mn |
| Sep 30, 2021 | 7.12 Mn |
| Jun 30, 2021 | 7.06 Mn |