Smith Micro Software (SMSI) Research & Development (2010 - 2026)
Smith Micro Software (SMSI) posted Research & Development of $1.37 million for Q2 2026, down 50.3% from $2.75 million a year earlier and down 25.9% from the prior quarter.
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Analysis
Smith Micro Software (SMSI) Research & Development (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Smith Micro Software was $8.33 million, down 30.6% year-over-year; for FY2025, it was $10.72 million, down 23.9% from FY2024.
- Annual Research & Development has declined for three consecutive years, with a five-year compound annual growth rate of -9.6% (FY2020 to FY2025).
- In prior years, Smith Micro Software's Research & Development was $14.09 million in FY2024 (-17.8%), $17.15 million in FY2023 (-41.7%), $29.39 million in FY2022 (+12.2%) and $26.2 million in FY2021 (+47.4%).
- The Q2 2026 figure stands as the lowest quarterly Research & Development in data going back to Q2 2010.
- On a year-over-year basis, Research & Development has declined in each of the last 15 quarters, with an average decline of 26.0% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 79.1%; the weakest was Q2 2023, with a decline of 54.1%.
- According to Business Quant data, Research & Development for the three prior quarters was $1.85 million (Q1 2026), $2.51 million (Q4 2025) and $2.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 100.93 Bn | 76.18 Bn | 6.00 Bn | 1.29 Bn |
| 2 | Atlassian | 57.55 Bn | 50.83 Bn | 1.53 Bn | 759.82 Mn |
| 3 | Autodesk | 51.35 Bn | 39.38 Bn | 1.87 Bn | 464.00 Mn |
| 4 | Twilio | 39.85 Bn | 29.91 Bn | 725.87 Mn | 273.32 Mn |
| 5 | Zoom Communications | 28.42 Bn | -2.37 Bn | 985.50 Mn | 242.50 Mn |
| 6 | Figma | 12.19 Bn | 5.70 Bn | 309.61 Mn | 167.33 Mn |
| 7 | Dropbox | 8.19 Bn | 3.82 Bn | 506.50 Mn | 188.10 Mn |
| 8 | Nice | 7.20 Bn | 5.66 Bn | 995.81 Mn | 200.30 Mn |
| 9 | RingCentral | 6.87 Bn | 6.36 Bn | 472.31 Mn | 82.80 Mn |
| 10 | Smith Micro Software | 12.82 Mn | 5.40 Mn | 3.53 Mn | 1.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.37 Mn |
| Mar 31, 2026 | 1.85 Mn |
| Dec 31, 2025 | 2.51 Mn |
| Sep 30, 2025 | 2.60 Mn |
| Jun 30, 2025 | 2.75 Mn |
| Mar 31, 2025 | 2.86 Mn |
| Dec 31, 2024 | 2.76 Mn |
| Sep 30, 2024 | 3.64 Mn |
| Jun 30, 2024 | 3.70 Mn |
| Mar 31, 2024 | 3.99 Mn |
| Dec 31, 2023 | 3.87 Mn |
| Sep 30, 2023 | 3.70 Mn |
| Jun 30, 2023 | 3.71 Mn |
| Mar 31, 2023 | 5.87 Mn |
| Dec 31, 2022 | 6.63 Mn |
| Sep 30, 2022 | 7.41 Mn |
| Jun 30, 2022 | 8.08 Mn |
| Mar 31, 2022 | 7.27 Mn |
| Dec 31, 2021 | 7.14 Mn |
| Sep 30, 2021 | 7.12 Mn |
API Access
Smith Micro Software Research & Development 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=research-and-development&ticker=SMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();