All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
5 warning events since 2017; the latest 2025-12-23.
From the record
Smith Micro Software, Inc.'s filings since 2017 show 5 warning events: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2025-12-23) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-3.4% a year over 9 filed years; profitable in 2 of 9.
From the record
Smith Micro Software, Inc.'s 9 filed years say what it did: revenue went from $23 million in fiscal 2017 to $17 million in fiscal 2025, down 3.4% a year; it rose in 4 of 8 years; the deepest fall was 70% from fiscal 2021 to fiscal 2025; net income was positive in 2 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.4/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Smith Micro Software, Inc.'s shareholder treatment is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 14% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -159%: lost 159¢ per shareholder dollar. Leverage 26%: owes 26¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Smith Micro Software, Inc. lost about 159 cents for every dollar of shareholders' money, and gross profitability: its products earned about 51 cents per dollar of everything the company owns. Leverage: it owed about 26 cents per dollar of assets, and net share issuance: its share count grew 66.6% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 11% of 218 in its family; net margin -168.9%.
From the record
Smith Micro Software, Inc.'s standing among 218 graded names in its industry family: revenue of $17 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of -168.9% ranks in the bottom 12%; revenue growth of -29% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 37% of 139 in its family for leadership; chief executive since 2026.
From the record
Smith Micro Software, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Huffmyer, Timothy C. (President and CEO, as filed), filing under that title since 2026-04-28, 7 months (bottom 12% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 13.6 years (top 3%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 19%; 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.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 50% of 216 in its family for room to expand.
From the record
Smith Micro Software, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1 million against no long-term debt tagged leaves 6% of its assets as net cash, bottom 34% of its family; cash from operations less capital spending is -41.9% of revenue (bottom 16%); a gross margin of 74.1% (top 41%); research spending of 61.7% of revenue (top 9%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 31% of 213 in its family for growth drivers.
From the record
Smith Micro Software, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -29% a year over the last three filed years against -3.4% over all 9, slowing (bottom 10% of its family); the newest year grew -15.5% (bottom 9%); research spending grew -28.5% a year (bottom 7%); capital spending grew 340.4% a year (top 1%) (its annual reports). Smith Micro Software, Inc. reported 4 product lines in fiscal 2025: Cloud Based Usage Fees at $11 million (64%), License and Service at $3 million (18%), Hosted Environment Usage Fees at $3 million (18%), and 1 more; 2 of 4 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 44% of 194 in its family for expectations against reality.
From the record
Smith Micro Software, Inc.'s newest year against its own record: revenue of $17 million in fiscal 2025 came in 29.7% above the $13 million its prior three years' pace pointed to (top 10% of its family); net income of $29 million against a prior three-year average of $34 million (bottom 35%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 8%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made