What is Phunware Inc's earnings per share (EPS)?

Phunware Inc (PHUN) reported diluted earnings per share of $-0.57 for fiscal year 2025. This represents a 39.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Phunware Inc Financials

PHUN

Source SEC Filings (10-K/10-Q) Updated Mar 26, 2026 Currency USD FYE March

This page shows Phunware Inc (PHUN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 39/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Phunware Inc has an operating margin of -803.7%, meaning the company retains $-804 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -435.5% the prior year.

Growth

Phunware Inc's revenue declined 19.9% year-over-year, from $3.2M to $2.6M. This contraction results in a growth score of 0/100.

Leverage

Phunware Inc carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.03, Phunware Inc holds $5.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Phunware Inc generates a -11.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -9.6% the prior year.

Piotroski F-Score Weak

1/9

Phunware Inc passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

1.09x

For every $1 of reported earnings, Phunware Inc generates $1.09 in operating cash flow (-$12.5M OCF vs -$11.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-641.2x

Phunware Inc earns $-641.2 in operating income for every $1 of interest expense (-$20.5M vs $32K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$2.6M

YoY-19.9%

5Y CAGR-23.9%

Phunware Inc generated $2.6M in revenue in fiscal year 2025. This represents a decrease of 19.9% from the prior year.

EBITDA

N/A

Net Income

-$11.4M

YoY-10.5%

Phunware Inc reported -$11.4M in net income in fiscal year 2025. This represents a decrease of 10.5% from the prior year.

EPS (Diluted)

$-0.57

YoY+39.4%

Phunware Inc earned $-0.57 per diluted share (EPS) in fiscal year 2025. This represents an increase of 39.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$100.6M

YoY-11.0%

5Y CAGR+91.2%

Phunware Inc held $100.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

20M

YoY+0.1%

Phunware Inc had 20M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

50.6%

YoY+5.0pp

5Y CAGR-15.9pp

Phunware Inc's gross margin was 50.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.0 percentage points from the prior year.

Operating Margin

-803.7%

YoY-368.2pp

5Y CAGR-628.8pp

Phunware Inc's operating margin was -803.7% in fiscal year 2025, reflecting core business profitability. This is down 368.2 percentage points from the prior year.

Net Margin

-446.6%

YoY-123.1pp

5Y CAGR-224.6pp

Phunware Inc's net profit margin was -446.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 123.1 percentage points from the prior year.

Return on Equity

-11.8%

YoY-2.2pp

Phunware Inc's ROE was -11.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.2M

YoY+39.6%

5Y CAGR+3.8%

Phunware Inc invested $3.2M in research and development in fiscal year 2025. This represents an increase of 39.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

PHUN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.6M-19.9%	$3.2M-34.0%	$4.8M-25.9%	$6.5M-38.7%	$10.6M+6.4%	$10.0M
Cost of Revenue	$1.3M-27.3%	$1.7M-44.9%	$3.1M+4.4%	$3.0M-57.2%	$7.0M+109.4%	$3.4M
Gross Profit	$1.3M-11.2%	$1.5M-13.8%	$1.7M-52.0%	$3.5M-2.9%	$3.6M-45.6%	$6.6M
R&D Expenses	$3.2M+39.6%	$2.3M-49.1%	$4.4M-27.6%	$6.1M+47.1%	$4.2M+59.0%	$2.6M
SG&A Expenses	$15.3M+46.0%	$10.5M-24.0%	$13.8M-20.2%	$17.3M+30.3%	$13.3M-13.7%	$15.4M
Operating Income	-$20.5M-47.7%	-$13.9M+69.6%	-$45.7M-90.1%	-$24.0M-42.7%	-$16.8M+3.7%	-$17.5M
Interest Expense	$32K-76.3%	$135K-92.2%	$1.7M-28.0%	$2.4M-46.3%	$4.5M+31.3%	$3.4M
Income Tax	-$19K-146.3%	$41K+41.4%	$29K+625.0%	$4K+100.9%	-$426K-21400.0%	$2K
Net Income	-$11.4M-10.5%	-$10.3M+80.5%	-$52.8M-3.7%	-$50.9M+4.9%	-$53.5M-141.1%	-$22.2M
EPS (Diluted)	$-0.57+39.4%	$-0.94	$-17.62-3354.9%	$-0.51	$-0.71-42.0%	$-0.50

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$622K+36.7%	$455K-33.9%	$688K+16.2%	$592K-11.0%	$665K-34.2%	$1.0M+9.8%	$921K-2.1%	$941K
Cost of Revenue	$335K+26.4%	$265K-19.5%	$329K-27.5%	$454K+32.4%	$343K-36.6%	$541K+36.3%	$397K-19.6%	$494K
Gross Profit	$287K+51.1%	$190K-47.1%	$359K+160.1%	$138K-57.1%	$322K-31.5%	$470K-10.3%	$524K+17.2%	$447K
R&D Expenses	$679K-30.0%	$970K+19.3%	$813K+20.8%	$673K+10.0%	$612K+23.4%	$496K+2.5%	$484K+13.6%	$426K
SG&A Expenses	$2.3M-17.3%	$2.8M-19.5%	$3.5M+1.2%	$3.4M+50.0%	$2.3M-0.8%	$2.3M-7.0%	$2.5M+3.6%	$2.4M
Operating Income	-$3.5M+17.8%	-$4.3M+11.5%	-$4.8M+1.6%	-$4.9M-53.3%	-$3.2M-8.7%	-$2.9M-2.1%	-$2.9M+85.4%	-$19.6M
Interest Expense	$9K+80.0%	$5K-44.4%	$9K0.0%	$9K-10.0%	$10K+25.0%	$8K-92.6%	$108K-71.5%	$379K
Income Tax	$0	$0	$0-100.0%	$41K	$0	$0	$0-100.0%	$29K
Net Income	-$2.4M+23.4%	-$3.1M+15.6%	-$3.7M-41.4%	-$2.6M+4.6%	-$2.8M-4.9%	-$2.6M-14.8%	-$2.3M+90.0%	-$23.0M
EPS (Diluted)	$-0.12+25.0%	$-0.16+11.1%	$-0.18	N/A	$-0.25+21.9%	$-0.32+3.0%	$-0.33	N/A

PHUN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$120.9M+5.3%	$114.8M+1606.0%	$6.7M-87.7%	$54.8M-44.1%	$98.0M+207.9%	$31.8M
Current Assets	$120.1M+5.6%	$113.8M+2193.1%	$5.0M-70.6%	$16.9M-71.9%	$60.0M+1122.6%	$4.9M
Cash & Equivalents	$100.6M-11.0%	$113.0M+2771.7%	$3.9M+101.2%	$2.0M-91.6%	$23.1M+487.2%	$3.9M
Inventory	N/A	N/A	N/A	$2.8M+5.5%	$2.6M	$0
Accounts Receivable	$300K+8.7%	$276K-49.8%	$550K-34.1%	$835K-13.7%	$967K+45.6%	$664K
Goodwill	N/A	N/A	$0-100.0%	$25.8M-22.5%	$33.3M+28.4%	$25.9M
Total Liabilities	$24.6M+223.1%	$7.6M-58.2%	$18.2M-39.3%	$30.0M-8.5%	$32.7M-3.2%	$33.8M
Current Liabilities	$23.9M+270.6%	$6.5M-60.9%	$16.5M-35.5%	$25.6M-15.6%	$30.3M+14.5%	$26.5M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$3.8M
Total Equity	$96.3M-10.1%	$107.2M+1035.5%	-$11.5M-146.0%	$24.9M-61.9%	$65.3M+3398.5%	-$2.0M
Retained Earnings	-$324.7M-3.6%	-$313.3M-3.4%	-$303.0M-21.1%	-$250.2M-25.5%	-$199.3M-36.7%	-$145.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$105.6M-2.3%	$108.1M-3.5%	$112.0M-2.4%	$114.8M+179.9%	$41.0M+77.8%	$23.1M-5.0%	$24.3M+260.8%	$6.7M
Current Assets	$104.8M-2.2%	$107.2M-3.5%	$111.1M-2.3%	$113.8M+186.1%	$39.8M+83.7%	$21.7M-4.3%	$22.6M+356.3%	$5.0M
Cash & Equivalents	$103.8M-2.3%	$106.3M-3.1%	$109.7M-2.9%	$113.0M+217.9%	$35.5M+74.5%	$20.4M-5.6%	$21.6M+448.2%	$3.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$350K-7.7%	$379K-45.6%	$697K+152.5%	$276K-74.4%	$1.1M+10.9%	$972K+52.6%	$637K+15.8%	$550K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$7.3M-2.2%	$7.5M-11.0%	$8.4M+10.7%	$7.6M-36.1%	$11.9M+32.4%	$9.0M-6.9%	$9.6M-47.0%	$18.2M
Current Liabilities	$6.2M-0.1%	$6.2M-14.5%	$7.2M+11.8%	$6.5M-38.4%	$10.5M+36.3%	$7.7M-6.0%	$8.2M-50.4%	$16.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$98.3M-2.3%	$100.6M-2.9%	$103.6M-3.3%	$107.2M+268.0%	$29.1M+106.7%	$14.1M-3.7%	$14.6M+227.7%	-$11.5M
Retained Earnings	-$322.6M-0.8%	-$320.2M-1.0%	-$317.0M-1.2%	-$313.3M-0.8%	-$310.7M-0.9%	-$307.9M-0.9%	-$305.3M-0.8%	-$303.0M

PHUN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$12.5M+6.3%	-$13.3M+27.8%	-$18.4M+31.4%	-$26.9M-19.3%	-$22.5M-105.2%	-$11.0M
Capital Expenditures	N/A	N/A	$0-100.0%	$923K	N/A	N/A
Free Cash Flow	N/A	N/A	-$18.4M+33.6%	-$27.8M	N/A	N/A
Investing Cash Flow	N/A	N/A	$15.4M+781.2%	-$2.3M+95.1%	-$46.4M	$0
Financing Cash Flow	$80K-99.9%	$122.3M+2359.1%	$5.0M-38.2%	$8.1M-90.8%	$88.0M+503.0%	$14.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$502K	$0	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.5M+28.2%	-$3.5M-3.6%	-$3.3M-23.0%	-$2.7M-13.7%	-$2.4M+10.8%	-$2.7M+51.6%	-$5.5M-115.5%	-$2.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2.6M
Investing Cash Flow	$0	$0	$0	N/A	$0	$0	$0+100.0%	-$1K
Financing Cash Flow	$0	$0-100.0%	$80K-99.9%	$80.1M+356.6%	$17.6M+1122.4%	$1.4M-93.8%	$23.2M+545.3%	$3.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

PHUN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	50.6%+5.0pp	45.6%+10.7pp	34.9%-18.9pp	53.8%+19.9pp	34.0%-32.5pp	66.4%
Operating Margin	-803.7%-368.2pp	-435.5%+510.1pp	-945.6%-577.1pp	-368.5%-210.3pp	-158.3%+16.7pp	-175.0%
Net Margin	-446.6%-123.1pp	-323.5%+768.9pp	-1092.4%-311.9pp	-780.5%-277.6pp	-502.9%-280.9pp	-222.0%
Return on Equity	-11.8%-2.2pp	-9.6%	N/A	-204.6%-122.6pp	-82.0%	N/A
Return on Assets	-9.4%-0.4pp	-9.0%+775.6pp	-784.6%-691.8pp	-92.8%-38.2pp	-54.6%+15.1pp	-69.7%
Current Ratio	5.03-12.6	17.63+17.3	0.30-0.4	0.66-1.3	1.98+1.8	0.19
Debt-to-Equity	0.25+0.2	0.07+1.7	-1.59-2.8	1.20+1.2	0.00+1.9	-1.90
FCF Margin	N/A	N/A	-381.5%+44.5pp	-426.0%	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	46.1%+4.4pp	41.8%-10.4pp	52.2%+28.9pp	23.3%-25.1pp	48.4%+1.9pp	46.5%-10.4pp	56.9%+9.4pp	47.5%
Operating Margin	-562.7%+373.6pp	-936.3%-236.6pp	-699.7%+126.5pp	-826.2%-346.5pp	-479.7%-189.5pp	-290.2%+21.8pp	-312.0%+1774.2pp	-2086.3%
Net Margin	-387.3%+303.7pp	-691.0%-149.9pp	-541.1%-96.4pp	-444.8%-29.7pp	-415.0%-154.8pp	-260.2%-11.4pp	-248.9%+2196.7pp	-2445.6%
Return on Equity	-2.5%+0.7pp	-3.1%+0.5pp	-3.6%-1.1pp	-2.5%+7.0pp	-9.5%+9.2pp	-18.7%-3.0pp	-15.7%	N/A
Return on Assets	-2.3%+0.6pp	-2.9%+0.4pp	-3.3%-1.0pp	-2.3%+4.4pp	-6.7%+4.7pp	-11.4%-2.0pp	-9.4%+332.6pp	-342.1%
Current Ratio	17.03-0.4	17.40+2.0	15.41-2.2	17.63+13.8	3.80+1.0	2.82+0.0	2.77+2.5	0.30
Debt-to-Equity	0.070.0	0.070.0	0.08+0.0	0.07-0.3	0.41-0.2	0.64-0.0	0.66+2.2	-1.59
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-272.7%

Similar Companies

YXT.COM GROUP HOLDING LIMITED YXT

$20.9M

mF International Ltd MFI

$551.9M

Netsol Technologies Inc NTWK

$40.1M

Intellinetics INLX

$33.4M

Nvni Group Limited NVNI

$11.5M

Frequently Asked Questions

What is Phunware Inc's annual revenue?

Phunware Inc (PHUN) reported $2.6M in total revenue for fiscal year 2025. This represents a -19.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Phunware Inc's revenue growing?

Phunware Inc (PHUN) revenue declined by 19.9% year-over-year, from $3.2M to $2.6M in fiscal year 2025.

Is Phunware Inc profitable?

No, Phunware Inc (PHUN) reported a net income of -$11.4M in fiscal year 2025, with a net profit margin of -446.6%.

What is Phunware Inc's gross margin?

Phunware Inc (PHUN) had a gross margin of 50.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Phunware Inc's operating margin?

Phunware Inc (PHUN) had an operating margin of -803.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Phunware Inc's net profit margin?

Phunware Inc (PHUN) had a net profit margin of -446.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Phunware Inc's return on equity (ROE)?

Phunware Inc (PHUN) has a return on equity of -11.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Phunware Inc's operating cash flow?

Phunware Inc (PHUN) generated -$12.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Phunware Inc's total assets?

Phunware Inc (PHUN) had $120.9M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Phunware Inc spend on research and development?

Phunware Inc (PHUN) invested $3.2M in research and development during fiscal year 2025.

How many shares does Phunware Inc have outstanding?

Phunware Inc (PHUN) had 20M shares outstanding as of fiscal year 2025.

What is Phunware Inc's current ratio?

Phunware Inc (PHUN) had a current ratio of 5.03 as of fiscal year 2025, which is generally considered healthy.

What is Phunware Inc's debt-to-equity ratio?

Phunware Inc (PHUN) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Phunware Inc's return on assets (ROA)?

Phunware Inc (PHUN) had a return on assets of -9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Phunware Inc's cash runway?

Based on fiscal year 2025 data, Phunware Inc (PHUN) had $100.6M in cash against an annual operating cash burn of $12.5M. This gives an estimated cash runway of approximately 97 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Phunware Inc's Piotroski F-Score?

Phunware Inc (PHUN) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Phunware Inc's earnings high quality?

Phunware Inc (PHUN) has an earnings quality ratio of 1.09x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Phunware Inc cover its interest payments?

Phunware Inc (PHUN) has an interest coverage ratio of -641.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Phunware Inc?

Phunware Inc (PHUN) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.