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

Phunware, Inc. (PHUN) reported diluted earnings per share of -$0.57 for fiscal year 2025. 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. (PHUN) Financials

PHUN

Trailing 12 months to June 30, 2026

Revenue $2.8M +14.6% YoY

Net Income -$13.0M -5.8% YoY

EPS (Diluted) -$0.65 0.0% YoY

Operating Cash Flow -$14.1M -18.9% YoY

Market Cap $40.9M as of Oct 2, 2026

Price / Sales 14.9x on $2.8M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.5x on $88.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PHUN SEC filings page.

Phunware, Inc. (PHUN) reported $2.8M in revenue over the twelve months to Jun 30, 2026, up 14.6% from the prior twelve months. This page shows its 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).

Rhea AI PHUN FY2025 2026-10-03

The business remains loss-making at shrinking scale, while its balance sheet is funded far more by capital than operating cash.

Revenue fell from $3.2M in FY2024 to $2.6M in FY2025 while gross margin widened, so the margin improvement did not come from scale. Operating loss deepened to $20.5M, showing that the higher margin rate still could not absorb the operating structure.

FY2024 financing cash flow of $122.3M sits beside negative operating cash flow, indicating that balance-sheet expansion was supplied by financing rather than by the business’s own cash generation. The supplied liquidity comparison equaled 96.8 months of reported annual outflow, while debt-to-equity rose to 0.3x in FY2025; that is a financing posture, not evidence of self-funding operations.

FY2025 SG&A and R&D totaled $18.5M against $2.6M of revenue, making the operating cost base the central constraint rather than production cost. Gross profit was only $1.3M, so the company’s economics have recently depended on financing capacity while the revenue base remains small.

Financial Health Signals

Financial Health Score 50/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Phunware, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Phunware, Inc. held $100.6M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $12.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Phunware, Inc. scores 75/100 among other emerging companies.

Dilution

Phunware, Inc. had 20M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Phunware, Inc. scores 18/100 among other emerging companies.

R&D Intensity

Phunware, Inc. spent $3.2M on research and development in fiscal year 2025, which was 13.7% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Phunware, Inc. scores 43/100 among other emerging companies.

Revenue Progress

Phunware, Inc. reported revenue of $2.6M in fiscal year 2025, against $3.2M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Phunware, Inc. scores 14/100 among other emerging companies.

Burn Trend

Phunware, Inc.'s operations used $12.5M of cash in fiscal year 2025, against $13.3M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Phunware, Inc. scores 62/100 among other emerging companies.

Balance Sheet

Phunware, Inc.'s cash, cash equivalents and investments came to $100.6M at the end of fiscal year 2025, against $24.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Phunware, Inc. scores 87/100 among other emerging companies.

Altman Z-Score Distress

-2.34

Phunware, Inc. scores -2.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($40.9M) relative to total liabilities ($24.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/8

Phunware, Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Phunware, Inc. reported a net loss of $11.4M while operations used $12.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Phunware, Inc. reported an operating loss of $20.5M against $32K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$799K

YoY+75.6%

QoQ+47.4%

Phunware, Inc. generated $799K in revenue in Q2 2026. This represents an increase of 75.6% from the same quarter a year earlier. Against the prior quarter it is up 47.4%.

Net Income

-$5.2M

YoY-67.0%

QoQ-64.3%

Phunware, Inc. reported -$5.2M in net income in Q2 2026. This represents a decrease of 67.0% from the same quarter a year earlier. Against the prior quarter it is down 64.3%.

EPS (Diluted)

-$0.26

YoY-62.5%

QoQ-62.5%

Phunware, Inc. earned -$0.26 per diluted share (EPS) in Q2 2026. This represents a decrease of 62.5% from the same quarter a year earlier. Against the prior quarter it is down 62.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$92.1M

YoY-13.3%

QoQ-5.9%

5Y CAGR+102.4%

10Y CAGR+140.2%

Phunware, Inc. held $92.1M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

20M

YoY+1.4%

QoQ+0.1%

5Y CAGR-22.9%

Phunware, Inc. had 20M shares outstanding in Q2 2026. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

69.0%

YoY+27.2pp

QoQ-1.9pp

Phunware, Inc.'s gross margin was 69.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 27.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.

Return on Equity

-5.9%

YoY-2.8pp

QoQ-2.5pp

Phunware, Inc.'s ROE was -5.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$1.5M

YoY+49.8%

QoQ+65.5%

Phunware, Inc. invested $1.5M in research and development in Q2 2026. This represents an increase of 49.8% from the same quarter a year earlier. Against the prior quarter it is up 65.5%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

PHUN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PHUN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$2.8M	$2.6M-19.9%	$3.2M-34.0%	$4.8M-25.9%	$6.5M-38.7%	$10.6M+6.4%	$10.0M-47.8%	$19.1M-38.0%	$30.9M+15.6%	$26.7M	N/A
Cost of Revenue	$1.1M	$1.3M-27.3%	$1.7M-44.9%	$3.1M+4.4%	$3.0M-57.2%	$7.0M+109.4%	$3.4M-62.8%	$9.0M-23.6%	$11.8M-24.9%	$15.7M	N/A
Gross Profit	$1.7M	$1.3M-11.2%	$1.5M-13.8%	$1.7M-52.0%	$3.5M-2.9%	$3.6M-45.6%	$6.6M-34.4%	$10.1M-46.9%	$19.1M+73.3%	$11.0M	N/A
R&D Expenses	$3.7M	$3.2M+39.6%	$2.3M-49.1%	$4.4M-27.6%	$6.1M+47.1%	$4.2M+59.0%	$2.6M-39.3%	$4.3M-37.8%	$7.0M-37.3%	$11.1M	N/A
SG&A Expenses	$15.6M	$15.3M+46.0%	$10.5M-24.0%	$13.8M-20.2%	$17.3M+30.3%	$13.3M-13.7%	$15.4M-0.3%	$15.4M+13.6%	$13.6M-8.3%	$14.8M	N/A
Operating Income	-$21.5M	-$20.5M-47.7%	-$13.9M	N/A	-$24.0M-42.7%	-$16.8M+3.7%	-$17.5M-42.1%	-$12.3M-79.4%	-$6.9M+73.2%	-$25.6M-17375.5%	-$147K
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	-$17.3M-44.7%	-$12.0M-86.4%	-$6.4M+73.4%	-$24.2M	N/A
Interest Expense	$36K	$32K-76.3%	$135K-92.2%	$1.7M-28.0%	$2.4M-46.3%	$4.5M+31.3%	$3.4M+487.4%	$581K-19.8%	$724K+82.4%	$397K	N/A
Income Tax	-$19K	-$19K-146.3%	$41K+41.4%	$29K+625.0%	$4K+100.9%	-$426K-21400.0%	$2K-60.0%	$5K+101.3%	-$374K-325.0%	-$88K	N/A
Net Income	-$13.0M	-$11.4M-10.5%	-$10.3M	N/A	-$50.9M+4.9%	-$53.5M-141.1%	-$22.2M-72.5%	-$12.9M-31.3%	-$9.8M+62.2%	-$25.9M-28659.6%	-$90K
EPS (Basic)	N/A	-$0.57+39.4%	-$0.94+94.7%	-$17.62-3354.9%	-$0.51+28.2%	-$0.71-42.0%	-$0.50	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.65	-$0.57	-$0.94	-$17.62	-$0.51+28.2%	-$0.71	-$0.50	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	20M	11M	2M	2M-97.4%	75M	44M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$799K+75.6%	$542K-21.2%	$788K+33.1%	$622K-6.5%	$455K-55.0%	$688K-25.3%	$592K-37.1%	$665K-46.9%
Cost of Revenue	$248K-6.4%	$158K-52.0%	$333K-26.7%	$335K-2.3%	$265K-51.0%	$329K-17.1%	$454K-8.1%	$343K-44.8%
Gross Profit	$551K+190.0%	$384K+7.0%	$455K+229.7%	$287K-10.9%	$190K-59.6%	$359K-31.5%	$138K-69.1%	$322K-49.0%
R&D Expenses	$1.5M+49.8%	$878K+8.0%	$701K+4.2%	$679K+10.9%	$970K+95.6%	$813K+68.0%	$673K+58.0%	$612K-41.3%
SG&A Expenses	$3.9M+38.5%	$2.7M-22.0%	$6.7M+96.8%	$2.3M+1.2%	$2.8M+21.4%	$3.5M+40.2%	$3.4M+43.5%	$2.3M-23.6%
Operating Income	-$6.0M-42.0%	-$4.0M+16.5%	-$7.9M-62.4%	-$3.5M-9.7%	-$4.3M-45.2%	-$4.8M-67.5%	-$4.9M	-$3.2M+76.0%
Interest Expense	$9K+80.0%	$9K0.0%	$9K0.0%	$9K-10.0%	$5K-37.5%	$9K-91.7%	$9K-97.6%	$10K-96.2%
Income Tax	$0	$0	-$19K-146.3%	$0	$0	$0	$41K+41.4%	$0
Net Income	-$5.2M-67.0%	-$3.2M+14.2%	-$2.1M+19.3%	-$2.4M+12.7%	-$3.1M-19.5%	-$3.7M-62.4%	-$2.6M	-$2.8M+85.5%
EPS (Basic)	-$0.26-62.5%	-$0.16+11.1%	-$0.11-83.3%	-$0.12+52.0%	-$0.16+50.0%	-$0.18+45.5%	-$0.06+99.2%	-$0.25-56.3%
EPS (Diluted)	-$0.26-62.5%	-$0.16+11.1%	-$0.11	-$0.12	-$0.16	-$0.18	-$0.06	-$0.25
Diluted Shares (Avg)	20M+1.3%	20M+0.1%	N/A	20M	20M	20M	N/A	11M

Not reported in any period shown, so not listed: EBITDA.

PHUN Balance Sheet

PHUN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$120.9M+5.3%	$114.8M+1606.0%	$6.7M-87.7%	$54.8M-44.1%	$98.0M+207.9%	$31.8M+9.6%	$29.1M-21.2%	$36.9M+8.5%	$34.0M-52.1%	$71.0M
Current Assets	$120.1M+5.6%	$113.8M+2193.1%	$5.0M-70.6%	$16.9M-71.9%	$60.0M+1122.6%	$4.9M+112.0%	$2.3M-51.0%	$4.7M-31.6%	$6.9M+1218.9%	$523K
Cash & Equivalents	$100.6M-11.0%	$113.0M+2771.7%	$3.9M+101.2%	$2.0M-91.6%	$23.1M+487.2%	$3.9M+1327.5%	$276K-67.3%	$844K+174.0%	$308K-97.6%	$12.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	$2.8M+5.5%	$2.6M	$0	N/A	N/A	N/A	N/A
Accounts Receivable	$300K+8.7%	$276K-49.8%	$550K-34.1%	$835K-13.7%	$967K+45.6%	$664K-60.3%	$1.7M-53.7%	$3.6M-41.9%	$6.2M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$0-100.0%	$25.8M-22.5%	$33.3M+28.4%	$25.9M+0.2%	$25.9M-0.1%	$25.9M0.0%	$25.9M+0.4%	$25.8M
Total Liabilities	$24.6M+223.1%	$7.6M-58.2%	$18.2M-39.3%	$30.0M-8.5%	$32.7M-3.2%	$33.8M+35.1%	$25.0M-2.5%	$25.7M-1.6%	$26.1M-30.9%	$37.8M
Current Liabilities	$23.9M+270.6%	$6.5M-60.9%	$16.5M-35.5%	$25.6M-15.6%	$30.3M+14.5%	$26.5M+33.4%	$19.8M-0.7%	$20.0M+31.4%	$15.2M+30156.7%	$50K
Non-Current Liabilities	$646K-43.7%	$1.1M-31.8%	$1.7M-61.6%	$4.4M+78.9%	$2.4M-66.7%	$7.4M+41.6%	$5.2M-8.9%	$5.7M+230.6%	$1.7M0.0%	$1.7M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$3.8M+313.4%	$910K	$0	N/A	N/A
Total Equity	$96.3M-10.1%	$107.2M+1035.5%	-$11.5M-146.0%	$24.9M-61.9%	$65.3M+3398.5%	-$2.0M-149.2%	$4.0M-30.9%	$5.8M-26.3%	$7.9M-76.2%	$33.2M
Retained Earnings	-$324.7M-3.6%	-$313.3M-3.4%	-$303.0M-21.1%	-$250.2M-25.5%	-$199.3M-36.7%	-$145.8M-18.0%	-$123.6M-10.5%	-$111.8M-9.6%	-$102.0M-113014.7%	-$90K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$93.5M-13.5%	$99.7M-11.0%	$120.9M+5.3%	$105.6M+157.6%	$108.1M+368.5%	$112.0M+361.6%	$114.8M+1606.0%	$41.0M+47.5%
Current Assets	$93.0M-13.3%	$99.1M-10.8%	$120.1M+5.6%	$104.8M+163.6%	$107.2M+395.1%	$111.1M+390.7%	$113.8M+2193.1%	$39.8M+625.3%
Cash & Equivalents	$92.1M-13.3%	$97.9M-10.8%	$100.6M-11.0%	$103.8M+192.0%	$106.3M+421.7%	$109.7M+408.7%	$113.0M+2771.7%	$35.5M+1143.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$191K-49.6%	$474K-32.0%	$300K+8.7%	$350K-67.5%	$379K-61.0%	$697K+9.4%	$276K-49.8%	$1.1M+2.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$5.0M-33.0%	$6.5M-22.8%	$24.6M+223.1%	$7.3M-38.5%	$7.5M-16.7%	$8.4M-12.8%	$7.6M-58.2%	$11.9M-44.1%
Current Liabilities	$4.7M-24.0%	$5.8M-18.9%	$23.9M+270.6%	$6.2M-41.2%	$6.2M-19.8%	$7.2M-11.8%	$6.5M-60.9%	$10.5M-42.5%
Non-Current Liabilities	$324K-75.4%	$644K-46.2%	$646K-43.7%	$1.2M-18.0%	$1.3M+1.9%	$1.2M-18.5%	$1.1M-31.8%	$1.4M-53.7%
Total Equity	$88.5M-12.0%	$93.2M-10.0%	$96.3M-10.1%	$98.3M+237.6%	$100.6M+614.0%	$103.6M+608.6%	$107.2M+1035.5%	$29.1M+344.3%
Retained Earnings	-$333.2M-4.1%	-$327.9M-3.4%	-$324.7M-3.6%	-$322.6M-3.8%	-$320.2M-4.0%	-$317.0M-3.8%	-$313.3M-3.4%	-$310.7M-11.0%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

PHUN Cash Flow Statement

PHUN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	-$14.1M	-$12.5M+6.3%	-$13.3M+27.8%	-$18.4M+31.4%	-$26.9M-19.3%	-$22.5M-105.2%	-$11.0M-77.4%	-$6.2M+6.1%	-$6.6M+61.2%	-$17.0M-23445.6%	-$72K
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	$153K-53.2%	$327K-24.7%	$434K-69.8%	$1.4M	N/A
Stock-Based Compensation	N/A	$455K-72.5%	$1.7M-59.3%	$4.1M+35.3%	$3.0M-39.1%	$4.9M+10.0%	$4.5M+151.8%	$1.8M+296.4%	$450K+281.4%	$118K	N/A
Capital Expenditures	N/A	N/A	N/A	$0-100.0%	$923K	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$18.4M+33.6%	-$27.8M	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	$0-100.0%	$15.4M+781.2%	-$2.3M+95.1%	-$46.4M	$0-100.0%	$70K-81.4%	$377K+1496.3%	-$27K+100.0%	-$70.4M
Financing Cash Flow	$0	$80K-99.9%	$122.3M+2359.1%	$5.0M-38.2%	$8.1M-90.8%	$88.0M+503.0%	$14.6M+14643.4%	$99K-99.2%	$12.3M+166.8%	$4.6M-93.5%	$71.0M
Share Buybacks	N/A	N/A	N/A	$502K	$0	N/A	N/A	N/A	$52.6M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$5.7M-65.8%	-$2.7M+18.2%	-$3.2M-17.8%	-$2.5M-4.0%	-$3.5M-29.2%	-$3.3M+39.7%	-$2.7M-5.7%	-$2.4M+27.9%
Stock-Based Compensation	$524K+344.1%	$112K+30.2%	N/A	$134K-44.6%	$118K-82.1%	$86K-86.3%	N/A	$242K-71.1%
Investing Cash Flow	$0	$0	$0	$0	$0	$0	$0+100.0%	$0-100.0%
Financing Cash Flow	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$80K-99.7%	$80.1M+2128.8%	$17.6M+244.3%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

PHUN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PHUN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Gross Margin	50.6%+5.0pp	45.6%+10.7pp	34.9%-18.9pp	53.8%+19.9pp	34.0%-32.5pp	66.4%+13.5pp	52.9%-8.9pp	61.8%+20.6pp	41.2%	N/A
Operating Margin	-803.7%	-435.5%	N/A	-368.5%	-158.3%	-175.0%	-64.3%-42.1pp	-22.2%+73.6pp	-95.9%	N/A
Net Margin	-446.6%	-323.5%	N/A	-780.5%	-502.9%	-222.0%	-67.2%-35.5pp	-31.7%+65.3pp	-97.1%	N/A
Return on Equity	-11.8%-2.2pp	-9.6%	N/A	-204.6%-122.6pp	-82.0%	N/A	-319.7%-151.5pp	-168.2%+159.9pp	-328.2%-327.9pp	-0.3%
Return on Assets	-9.4%-0.4pp	-9.0%	N/A	-92.8%-38.2pp	-54.6%+15.1pp	-69.7%-25.4pp	-44.3%-17.7pp	-26.6%+49.7pp	-76.3%-76.2pp	-0.1%
Current Ratio	5.03-12.6x	17.63+17.3x	0.30-0.4x	0.66-1.3x	1.98+1.8x	0.19+0.1x	0.12-0.1x	0.24-0.2x	0.45-10.0x	10.41
Debt-to-Equity	0.25+0.2x	0.07	N/A	1.20+1.2x	0.00	N/A	0.23+0.2x	0.00-3.3x	3.30+2.2x	1.14
Asset Turnover	0.020.0x	0.03-0.7x	0.72+0.6x	0.120.0x	0.11-0.2x	0.31-0.3x	0.66-0.2x	0.84+0.1x	0.79	N/A
FCF Margin	N/A	N/A	-381.5%	-426.0%	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	69.0%+27.2pp	70.9%+18.7pp	57.7%+34.4pp	46.1%-2.3pp	41.8%-4.7pp	52.2%-4.7pp	23.3%-24.2pp	48.4%-2.0pp
Operating Margin	-757.1%	-742.1%	-1008.3%	-562.7%	-936.3%	-699.7%	-826.2%	-479.7%
Net Margin	-656.9%	-589.3%	-269.7%	-387.3%	-691.0%	-541.1%	-444.8%	-415.0%
Return on Equity	-5.9%-2.8pp	-3.4%+0.2pp	-2.2%+0.3pp	-2.5%+7.0pp	-3.1%+15.5pp	-3.6%+12.1pp	-2.5%	-9.5%+280.1pp
Return on Assets	-5.6%-2.7pp	-3.2%+0.1pp	-1.8%+0.5pp	-2.3%+4.5pp	-2.9%+8.5pp	-3.3%+6.1pp	-2.3%	-6.7%+61.5pp
Current Ratio	19.84+2.4x	16.95+1.5x	5.03-12.6x	17.03+13.2x	17.40+14.6x	15.41+12.6x	17.63+17.3x	3.80+3.5x
Debt-to-Equity	0.060.0x	0.070.0x	0.25+0.2x	0.07-0.3x	0.07-0.6x	0.08-0.6x	0.07	0.41-2.8x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x	0.01-0.1x	0.020.0x

Not reported in any period shown, so not listed: FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Phunware, Inc. PHUN	FY2025	$2.6M	-$11.4M	N/A	$40.9M	50/100
YXT.COM GROUP HOLDING LIMITED YXT	FY2025	$48.7M	-$22.7M	-46.7%	$14.1M	33/100
mF International Limited MFI	FY2025	$4.3M	$10.1M	N/A	$475.2M	37/100
NetSol Technologies, Inc. NTWK	FY2026	$78.1M	$3.0M	3.8%	$71.1M	63/100
Intellinetics, Inc. INLX	FY2025	$16.6M	-$1.9M	-11.3%	$22.7M	34/100

Where Phunware, Inc. Ranks

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.

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 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) recorded an outflow of $12.5M in operating cash flow during fiscal year 2025, representing cash used by 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 P/E ratio?

Phunware, Inc. (PHUN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $40.9M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Phunware, Inc.'s price-to-sales ratio?

Phunware, Inc. (PHUN) trades at 14.9x sales, its market capitalization divided by revenue of $2.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $40.9M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Phunware, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Phunware, Inc. (PHUN) held $100.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.5M over that year. Dividing the one by the other, the reported balance equals about 97 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Phunware, Inc.'s Altman Z-Score?

Phunware, Inc. (PHUN) has an Altman Z-Score of -2.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Phunware, Inc.'s Piotroski F-Score?

Phunware, Inc. (PHUN) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $11.4M while operations used $12.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $20.5M against $32K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.