Phunware, Inc. PHUN
Phunware, Inc. (the "Company," "Phunware," "we," "us" or "our") is a technology company specializing in mobile application (app) software and services and mobile-app advertising. Our cloud-based platform for mobile provides companies with the solutions necessary to engage, manage and monetize their mobile application portfolios and audiences. Our mission is to foster digital interactions that enable a more engaged, interactive, and valuable experience for all stakeholders. Founded in 2009, we are a Delaware corporation headquartered in Austin, Texas.
Phunware helps brands define, create, launch, promote and monetize their mobile application identities as a means to anchor the consumer journey and improve brand interactions. Our platform allows for the sale, licensing and creation of category-defining mobile experiences for customers and their application users worldwide.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M | $3.2M | $4.8M | $6.5M | $10.6M | $10.0M | $19.1M | $30.9M | $26.7M | — |
| Cost of revenue | $1.3M | $1.7M | $3.1M | $3.0M | $7.0M | $3.4M | $9.0M | $11.8M | $15.7M | — |
| Gross profit | $1.3M | $1.5M | $1.7M | $3.5M | $3.6M | $6.6M | $10.1M | $19.1M | $11.0M | — |
| R&D | $3.2M | $2.3M | $4.4M | $6.1M | $4.2M | $2.6M | $4.3M | $7.0M | $11.1M | — |
| SG&A | $15.3M | $10.5M | $13.8M | $17.3M | $13.3M | $15.4M | $15.4M | $13.6M | $14.8M | — |
| Total operating expenses | $21.8M | $15.3M | $47.4M | $27.5M | $20.5M | $24.1M | $22.4M | $25.9M | $36.6M | — |
| Operating income | -$20.5M | -$13.9M | -$45.7M | -$24.0M | -$16.8M | -$17.5M | -$12.3M | -$6.9M | -$25.6M | -$146.6K |
| Interest expense | $32.0K | $135.0K | $1.7M | $2.4M | $4.5M | $3.4M | $581.0K | $724.0K | $397.0K | — |
| Pre-tax income | -$11.4M | -$10.3M | -$41.9M | -$45.4M | -$53.9M | -$22.2M | -$12.9M | -$10.2M | -$26.0M | — |
| Income tax | $19.0K | $41.0K | $29.0K | $4.0K | $426.0K | $2.0K | $5.0K | $374.0K | $88.0K | — |
| Net income | -$11.4M | -$10.3M | -$52.8M | -$50.9M | -$53.5M | -$22.2M | -$12.9M | -$9.8M | -$25.9M | -$90.2K |
| EPS, basic | -0.57 | -0.94 | — | -0.51 | -0.71 | -0.50 | — | — | — | — |
| EPS, diluted | -0.57 | -0.94 | — | -0.51 | -0.71 | -0.50 | -0.35 | -0.38 | -1.06 | -0.04 |
| Shares, diluted (wtd. avg.) | 20.2M | 11.0M | 2.4M | 2.0M | 75.4M | 44.3M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $100.6M | $113.0M | $3.9M | $2.0M | $23.1M | $4.0M | $362.0K | $6.3M | $308.0K | $12.6M |
| Receivables | $300.0K | $276.0K | $550.0K | $835.0K | $967.0K | $664.0K | $1.7M | $3.6M | $6.2M | — |
| Inventory | — | — | — | $2.8M | $2.6M | $0 | — | — | — | — |
| Total current assets | $120.1M | $113.8M | $5.0M | $16.9M | $60.0M | $4.9M | $2.3M | $4.7M | $6.9M | $523.1K |
| Property, plant and equipment | $11.0K | $24.0K | $40.0K | $192.0K | $0 | $13.0K | $24.0K | $66.0K | $128.0K | — |
| Goodwill | — | — | $0 | $25.8M | $33.3M | $25.9M | $25.9M | $25.9M | $25.9M | $25.8M |
| Other intangibles | — | — | — | $2.5M | $3.2M | $111.0K | $253.0K | $521.0K | $901.0K | — |
| Total assets | $120.9M | $114.8M | $6.7M | $54.8M | $98.0M | $31.8M | $29.1M | $36.9M | $34.0M | $71.0M |
| Accounts payable | $1.1M | $3.8M | $7.8M | $7.3M | $6.6M | $8.5M | $10.2M | $9.9M | $3.5M | $24.8K |
| Short-term debt | — | — | $4.9M | $9.7M | $4.9M | $4.4M | $0 | — | — | — |
| Total current liabilities | $23.9M | $6.5M | $16.5M | $25.6M | $30.3M | $26.5M | $19.8M | $20.0M | $15.2M | $50.2K |
| Long-term debt | — | — | — | — | $0 | $3.8M | $910.0K | $0 | — | — |
| Total liabilities | $24.6M | $7.6M | $18.2M | $30.0M | $32.7M | $33.8M | $25.0M | $25.7M | $26.1M | $1.8M |
| Retained earnings | -$324.7M | -$313.3M | -$303.0M | -$250.2M | -$199.3M | -$145.8M | -$123.6M | -$111.8M | -$102.0M | -$90.2K |
| Total equity | $96.3M | $107.2M | -$11.5M | $24.9M | $65.3M | -$2.0M | $4.0M | $5.8M | $7.9M | $33.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12.5M | -$13.3M | -$18.4M | -$26.9M | -$22.5M | -$11.0M | -$6.2M | -$6.6M | -$17.0M | -$72.2K |
| Depreciation and amortisation | — | — | — | — | — | $11.0K | $59.0K | $62.0K | $154.0K | — |
| Stock-based compensation | $455.0K | $1.7M | $4.1M | $3.0M | $4.9M | $4.5M | $1.8M | $450.0K | $118.0K | — |
| Capital expenditure | — | — | $0 | $923.0K | $0 | $0 | $18.0K | $0 | — | — |
| Investing cash flow | $0 | $0 | $15.4M | -$2.3M | -$46.4M | $0 | $70.0K | $377.0K | -$27.0K | -$70.4M |
| Financing cash flow | $80.0K | $122.3M | $5.0M | $8.1M | $88.0M | $14.6M | $99.0K | $12.3M | $4.6M | $71.0M |
| Buybacks | — | — | $502.0K | $0 | — | — | — | $52.6M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-126850.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $26.7M | $30.9M | $19.1M | $10.0M | $10.6M | $6.5M | $4.8M | $3.2M | $2.6M |
| Gross profit | — | $11.0M | $19.1M | $10.1M | $6.6M | $3.6M | $3.5M | $1.7M | $1.5M | $1.3M |
| Net income | -$90.2K | -$25.9M | -$9.8M | -$12.9M | -$22.2M | -$53.5M | -$50.9M | -$52.8M | -$10.3M | -$11.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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