Earnings Releases·Nov 12, 2026, 4:02 PM ET

Smith Micro — Third Quarter 2026 Earnings Summary

Q3 2026 revenue rose 16% sequentially to $5.0 million, while GAAP net loss narrowed to $1.7 million ($0.30/share) from $5.2 million in the prior year period; gross margin reached a five-year high of 81.6%.
Year-to-date 2026 GAAP net loss improved significantly to $8.3 million ($1.57/share) compared to $25.4 million in 2025, with non-GAAP net loss for the nine months declining to $2.8 million from $8.2 million.
Management confirmed three consecutive quarters of sequential revenue growth and expressed confidence in translating current momentum into long-term growth as the SafePath® platform expands into a comprehensive family safety ecosystem.
Balance sheet improvements include the elimination of notes payable ($0 vs. $1.0M previously) and the addition of $300,000 in deferred revenue, though total cash and equivalents remain at $2.4 million.
No specific forward guidance was provided; financing activities for the nine months included $6.3 million in proceeds from stock, warrant, and convertible note offerings.