SMSI (Smith Micro Software) Gross Profit: $13.09 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SMSI Smith Micro Software Inc SMSI
62 GF Score
Price $2.94
GF Value $2.24
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Smith Micro Software Gross Profit?

Smith Micro Software SMSI -0.67% 62 Gross Profit is $13.09 Mil as of Jun. 2026. GuruFocus rates SMSI with a GF Score™ of 62/100 and a GF Value™ of $2.24 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Smith Micro Software's gross profit for the three months ended in Jun. 2026 was $3.53 Mil. Smith Micro Software's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $13.09 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Smith Micro Software's gross profit for the three months ended in Jun. 2026 was $3.53 Mil. Smith Micro Software's Revenue for the three months ended in Jun. 2026 was $4.34 Mil. Therefore, Smith Micro Software's Gross Margin % for the quarter that ended in Jun. 2026 was 81.32%.

Smith Micro Software had a gross margin of 81.32% for the quarter that ended in Jun. 2026 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Smith Micro Software was 90.94%. The lowest was 70.20%. And the median was 76.02%.

Warning Sign:

Smith Micro Software Inc gross margin has been in long-term decline. The average rate of decline per year is -3.5%.


Smith Micro Software  (NAS:SMSI) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Smith Micro Software had a gross margin of 81.32% for the quarter that ended in Jun. 2026 => Durable competitive advantage


Smith Micro Software Gross Profit Related Terms


Smith Micro Software Gross Profit Historical Data

* Premium members only.

The historical data trend for Smith Micro Software's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Smith Micro Software Gross Profit Chart

Smith Micro Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.72 34.30 30.30 14.43 12.86

Smith Micro Software Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.25 3.21 3.04 3.31 3.53

SMSI vs CINGF, SAGT, NVNI: Gross Profit Comparison

For the Software - Application subindustry, Smith Micro Software's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Smith Micro Software Gross Profit vs Software Industry

For the Software industry and Technology sector, Smith Micro Software's Gross Profit distribution charts can be found below:

* The bar in red indicates where Smith Micro Software's Gross Profit falls into.


SMSI
62GF Score
Smith Micro Software Inc SMSI
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smith Micro Software Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Smith Micro Software's Gross Profit for the fiscal year that ended in Dec. 2025 is calculated as

Gross Profit (A: Dec. 2025 )=Revenue - Cost of Goods Sold
=17.363 - 4.505
=12.86

Smith Micro Software's Gross Profit for the quarter that ended in Jun. 2026 is calculated as

Gross Profit (Q: Jun. 2026 )=Revenue - Cost of Goods Sold
=4.341 - 0.811
=3.53

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.09 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Smith Micro Software's Gross Margin % for the quarter that ended in Jun. 2026 is calculated as

Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=3.53 / 4.341
=81.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $13.09 Mil mean?
Smith Micro Software (SMSI) has a Gross Profit of $13.09 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Smith Micro Software and its competitors.
Is Smith Micro Software's Gross Profit too high?
Smith Micro Software's current Gross Profit is $13.09 Mil. Overall, Smith Micro Software has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smith Micro Software's Gross Profit compare to CINGF and SAGT?
Smith Micro Software's Gross Profit of $13.09 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Software company?
A good Gross Profit depends on the Software industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Smith Micro Software and its competitors. Smith Micro Software's current Gross Profit is $13.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith Micro Software stock overvalued right now?
Based on GuruFocus' analysis, Smith Micro Software (SMSI) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.24, compared to a current price of $2.94 — trading 31.3% above its estimated fair value. The current Gross Profit is $13.09 Mil. Smith Micro Software's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Smith Micro Software (SMSI), the current Gross Profit is $13.09 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Smith Micro Software (SMSI) Overvalued in 2026?

Based on GuruFocus' analysis, Smith Micro Software stock appears to be overvalued. The current stock price of $2.94 is trading 31.3% above its estimated GF Value™ of $2.24. GuruFocus considers Smith Micro Software to be Significantly Overvalued.

Key valuation signals for SMSI:

  • Gross Profit: $13.09 Mil
  • GF Value™: $2.24 vs. price of $2.94 (31.3% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the SMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smith Micro Software Business Description

Address 5800 Corporate Drive, Pittsburgh, PA, USA, 15237
Smith Micro Software Inc provides software solutions that simplify and enhance the mobile experience to some of the wireless service providers around the globe. The company's solutions include SafePath product suite provides comprehensive and easy-to-use tools to protect family digital lifestyles and manage connected devices both inside and outside the home; CommSuite premium messaging platform helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, while monetizing a legacy cost-center; and ViewSpot its retail display management platform provided wireless carriers and retailers with a way to bring powerful on-screen, interactive demos to life. It operates in single segment: Wireless.
62GF Score

Get the complete analysis for SMSI

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.94
Price
$2.24
GF Value