Smith Micro Software, Inc. (SMSI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -3.75M | -2.19M | -2.14M | -2.27M | -602K | -4.93M | -3.81M | -4.21M | -1.34M | -1.02M | 1.54M | -2.16M | -5.33M | -4.78M | -2.85M | -5.04M | -6.59M | -15.19M | 779K | -2.2M |
| Operating CF Margin % | -88.89% | -55.01% | -49.16% | -51.31% | -13.03% | -99.13% | -82.08% | -81.87% | -23.2% | -11.91% | 14.01% | -20.86% | -48.81% | -41.94% | -24.37% | -39.75% | -51.74% | -103.49% | 4.74% | -13.85% |
| Operating CF Growth % | -523.26% | 55.63% | 43.98% | 46.1% | 55.24% | -381.62% | -347.57% | -95.18% | 74.79% | 78.61% | 154.05% | 57.21% | 19.03% | 68.51% | -465.98% | -128.58% | -278.08% | -4215.63% | -80.23% | -206.27% |
| Net Income | -3.9M | -4.55M | -4.53M | -15.06M | -5.18M | -4.39M | -6.37M | -6.93M | -31.01M | -6.71M | -5.13M | -5.67M | -6.89M | -8M | -5.81M | -8.49M | -7M | -4.01M | -18.61M | -5.2M |
| Depreciation & Amortization | 1.25M | 1.35M | 1.35M | 1.35M | 1.35M | 1.41M | 1.43M | 1.54M | 1.91M | 2.48M | 1.58M | 1.63M | 1.7M | 1.8M | 1.85M | 1.9M | 2M | 466K | 3.59M | 2.98M |
| Stock-Based Compensation | 586K | 781K | 645K | 1.09M | 1.09M | 983K | 1.25M | 1.14M | 1.14M | 1.52M | 1.34M | 1.03M | 945K | 1.1M | 1.09M | 1.69M | 1.06M | 1.23M | 1.33M | 1.28M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -40K | 0 | 0 | 0 | -10K | 1.51M | 360K | 0 | 61K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 350K | -112K | -53K | 9.84M | 32K | -1K | -224K | 1.02M | 23.45M | 2.36M | 1.26M | 2.28M | -270K | 1.65M | -1.42M | -310K | 343K | 393K | 14.19M | 311K |
| Working Capital Changes | -2.04M | 345K | 457K | 508K | 2.11M | -2.89M | 105K | 154K | 3.16M | 855K | 981K | -1.8M | -823K | -1.4M | 2.54M | 173K | -2.99M | -13.27M | 1.6M | -1.57M |
| Change in Receivables | -1.08M | 933K | -79K | 670K | 2.38M | -2.31M | 419K | 476K | 3.61M | 2.38M | 1.58M | -688K | -685K | -1.02M | 2.08M | 497K | -1.47M | 1.99M | 2.31M | -378K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.87M | 0 | 0 | 0 | 0 | 1.17M | 0 | 0 | 0 |
| Change in Payables | -849K | -453K | 0 | 0 | -308K | -559K | -870K | -36K | -469K | -601K | -682K | -1.87M | -436K | -2.57M | -942K | -640K | -1.17M | -14.66M | -571K | -428K |
| Cash from Investing | -11K | -36K | 279K | 960K | -4K | -3K | -6K | -7K | 194K | 66K | -8K | 71K | 3K | 106K | 38K | 22K | -51K | 26K | -397K | -56.95M |
| Capital Expenditures | -11K | -36K | -21K | -27K | -4K | -3K | -6K | -7K | -4K | 1K | -8K | 0 | 0 | -76K | 27K | -49K | -63K | -92K | -402K | -146K |
| CapEx % of Revenue | 0.26% | 0.91% | 0.48% | 0.61% | 0.09% | 0.06% | 0.13% | 0.14% | 0.07% | 0.01% | 0.07% | 20.86% | 48.81% | 0.67% | 0.23% | 0.39% | 0.49% | 0.63% | 2.44% | 0.92% |
| Acquisitions | 0 | 0 | 300K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -56.87M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 987K | 0 | 0 | 0 | 0 | 198K | 65K | 3K | 71K | 3K | 182K | 11K | 71K | 12K | 118K | 5K | 58K |
| Cash from Financing | 4.01M | 2.32M | 1.85M | 421K | 86K | 6.23M | -298K | 3.69M | 181K | 100K | 32K | -222K | 30K | -298K | 16.46M | 542K | 393K | -1.13M | 2.05M | -154K |
| Debt Issued (Net) | 4.01M | 100K | 0 | 0 | 84K | -259K | -300K | 336K | 179K | 120K | 0 | 0 | 0 | -300K | -337K | 540K | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 966K | 0 | 0 | 6.49M | 0 | 3.35M | 0 | 0 | 0 | 0 | 0 | 0 | 16.77M | 0 | 0 | 0 | 2.03M | -187K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 11K | 2.22M | 885K | 421K | 2K | 6.23M | 2K | 1K | 2K | -20K | 32K | -222K | 30K | 2K | 21K | 2K | 393K | -1.13M | 28K | 33K |
| Net Change in Cash | 248K | 100K | -7K | -887K | -520K | 1.3M | -4.12M | -527K | -970K | -857K | 1.56M | -2.31M | -5.3M | -4.97M | 13.64M | -4.47M | -6.25M | -16.29M | 2.44M | -59.31M |
| Free Cash Flow | -3.75M | -2.22M | -2.16M | -2.29M | -606K | -4.93M | -3.82M | -4.21M | -1.35M | -1.02M | 1.53M | -2.16M | -5.33M | -4.86M | -2.82M | -5.09M | -6.65M | -15.28M | 377K | -2.35M |
| FCF Margin % | -88.89% | -55.91% | -49.64% | -51.92% | -13.11% | -99.2% | -82.21% | -82% | -23.27% | -11.89% | 13.94% | -20.86% | -48.81% | -42.6% | -24.14% | -40.14% | -52.23% | -104.11% | 2.29% | -14.76% |
| FCF Growth % | -519.14% | 54.93% | 43.52% | 45.55% | 55.08% | -382.39% | -349.25% | -95.5% | 74.71% | 78.97% | 154.28% | 57.62% | 19.8% | 68.21% | -849.07% | -116.47% | -289.52% | -3200.86% | -89.47% | -217.91% |
| FCF per Share | -0.73 | -0.47 | -0.51 | -0.59 | -0.25 | -1.99 | -1.61 | -1.99 | -0.71 | -0.56 | 0.91 | -1.38 | -3.75 | -3.46 | -2.03 | -3.69 | -4.88 | -11.23 | 0.28 | -1.77 |
| FCF Conversion (FCF/Net Income) | 0.96x | 0.48x | 0.47x | 0.15x | 0.12x | 1.12x | 0.60x | 0.61x | 0.04x | 0.15x | -0.30x | 0.38x | 0.77x | 0.60x | 0.49x | 0.59x | 0.94x | 3.79x | -0.04x | 0.42x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41K | -18K | 0 | 40K |