Phunware, Inc. (PHUN)

From the record

Phunware, Inc.'s filings since 2017 show 18 warning events of 4 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2021-04-07); a notice about its exchange listing (8-K item 3.01, 13 times, the latest 2025-07-29); an auditor change (8-K item 4.01, 2 times, the latest 2025-07-29); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-04-01) (its current reports).

From the record

Phunware, Inc.'s 8 filed years say what it did: revenue went from $31 million in fiscal 2018 to $3 million in fiscal 2025, down 30% a year; it rose in 1 of 7 years; the deepest fall was 92% from fiscal 2018 to fiscal 2025; net income was positive in 0 of 8 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Phunware, Inc. lost about 12 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 20 cents per dollar of assets, and net share issuance: its share count grew 83.9% over the year (the filed statements).

From the record

Phunware, Inc.'s standing among 68 graded names in its industry family: revenue of $3 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -446.6% ranks in the bottom 8%; revenue growth of -26.8% a year over the last 3 filed years ranks in the bottom 5% (its annual reports).

From the record

Phunware, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kroshka, Dmitry (Chief Executive Officer, as filed), filing under that title since 2026-05-22, 6 months (bottom 9% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 1.3 years (bottom 1%); 16 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 1%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Phunware, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $101 million against no long-term debt tagged leaves 83.2% of its assets as net cash, top 4% of its family; cash from operations less capital spending is -488.3% of revenue (bottom 7%); a gross margin of 50.6% (bottom 38%); research spending of 123.9% of revenue (top 8%) (its annual report).

From the record

Phunware, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -26.8% a year over the last three filed years against -30% over all 8, speeding up (top 10% of its family); the newest year grew -20% (bottom 6%); research spending grew -19.9% a year (bottom 18%) (its annual reports). Phunware, Inc. reported 2 product lines in fiscal 2025: Software Subscriptions and Services at $2 million (89%), Advertising at $282 thousand (11%); 1 of 2 grew against the year before (its annual report).

From the record

Phunware, Inc.'s newest year against its own record: revenue of $3 million in fiscal 2025 came in 14.5% above the $2 million its prior three years' pace pointed to (top 25% of its family); net income of $11 million against a prior three-year average of $38 million (top 47%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 8%) (its annual reports).