Smith Micro Software Inc (SMSI) Financials
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 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SMSI SEC filings page.
Smith Micro Software Inc (SMSI) reported $16.9M in revenue over the twelve months to Jun 30, 2026, down 9.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Smith Micro now operates as a shrinking, asset-light software business whose recurring cost base still exceeds gross profit.
The unusual pattern is high gross margin alongside deeply negative operating margin: FY2025 gross margin was74.1% , but operating margin was-167.1% . That gap reflects overhead exceeding gross profit, with SG&A and R&D totaling$20.7M against$12.9M of gross profit, so margin improvement did not create operating break-even.
Operating cash flow was
A 0.7x current ratio indicates current assets were below near-term obligations, down from 2.2x in FY2023. Reported liquidity equaled 2.5 months of annual operating outflow, while FY2025 financing cash flow of
Financial Health Signals
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 Smith Micro Software 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.
Smith Micro Software Inc held $1.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $7.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Smith Micro Software Inc scores 11/100 among other emerging companies.
Smith Micro Software Inc had 26M 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 Smith Micro Software Inc scores 84/100 among other emerging companies.
Smith Micro Software Inc spent $10.7M on research and development in fiscal year 2025, which was 23.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Smith Micro Software Inc scores 55/100 among other emerging companies.
Smith Micro Software Inc reported revenue of $17.4M in fiscal year 2025, against $20.6M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Smith Micro Software Inc scores 11/100 among other emerging companies.
Smith Micro Software Inc's operations used $7.2M of cash in fiscal year 2025, against $14.3M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Smith Micro Software Inc scores 43/100 among other emerging companies.
Smith Micro Software Inc's cash, cash equivalents and investments came to $1.5M at the end of fiscal year 2025, against $6.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Smith Micro Software Inc scores 29/100 among other emerging companies.
Smith Micro Software Inc passes 2 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), both operating efficiency signals pass.
Smith Micro Software Inc reported a net loss of $30K while operations used $7.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Smith Micro Software Inc reported an operating loss of $29.0M against $407K 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
Earnings & Revenue
Smith Micro Software Inc generated $4.3M in revenue in Q2 2026. This represents a decrease of 1.8% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.
Smith Micro Software Inc's EBITDA was -$1.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 92.1% from the same quarter a year earlier. Against the prior quarter it is up 49.6%.
Smith Micro Software Inc reported -$2.6M in net income in Q2 2026. This represents an increase of 82.4% from the same quarter a year earlier. Against the prior quarter it is up 32.0%.
Cash & Balance Sheet
Smith Micro Software Inc recorded an outflow of $943K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 58.9% from the same quarter a year earlier. Against the prior quarter it is up 74.9%.
Smith Micro Software Inc held $2.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Smith Micro Software Inc's gross margin was 81.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 7.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
Smith Micro Software Inc's operating margin was -54.6% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 25.3 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Smith Micro Software Inc's net profit margin was -61.0% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 31.3 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Smith Micro Software Inc's ROE was -15.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 51.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
Capital Allocation
Smith Micro Software Inc invested $1.4M in research and development in Q2 2026. This represents a decrease of 50.3% from the same quarter a year earlier. Against the prior quarter it is down 25.9%.
Smith Micro Software Inc invested $61K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 125.9% from the same quarter a year earlier. Against the prior quarter it is up 454.5%.
Not reported for Q2 2026.
SMSI 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.
| 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 | $4.3M-1.8% | $4.2M-8.7% | $4.0M-20.0% | $4.3M-6.5% | $4.4M-14.0% | $4.6M-20.3% | $5.0M-42.2% | $4.6M-57.7% |
| Cost of Revenue | $811K-30.7% | $911K-27.6% | $940K-22.3% | $1.1M-14.0% | $1.2M-27.1% | $1.3M-36.7% | $1.2M-44.0% | $1.3M-47.7% |
| Gross Profit | $3.5M+8.6% | $3.3M-1.6% | $3.0M-19.3% | $3.2M-3.5% | $3.2M-8.0% | $3.4M-11.7% | $3.8M-41.6% | $3.3M-60.7% |
| R&D Expenses | $1.4M-50.3% | $1.8M-35.3% | $2.5M-9.1% | $2.6M-28.4% | $2.8M-25.7% | $2.9M-28.4% | $2.8M-28.7% | $3.6M-1.8% |
| SG&A Expenses | $2.0M-25.2% | $2.1M-22.4% | $2.3M-1.1% | $2.3M-16.5% | $2.7M-2.5% | $2.7M-1.2% | $2.4M-28.8% | $2.7M-7.5% |
| Operating Income | -$2.4M+84.2% | -$3.4M+35.3% | -$4.4M+2.1% | -$4.5M+31.1% | -$15.0M-114.3% | -$5.2M+83.4% | -$4.5M+21.7% | -$6.5M-198.3% |
| EBITDA | -$1.1M+92.1% | -$2.1M+44.9% | -$3.0M+0.6% | -$3.1M+38.3% | -$13.6M-150.2% | -$3.9M+86.9% | -$3.0M+6.0% | -$5.1M-728.2% |
| Interest Expense | $221K+904.5% | $526K+2004.0% | $294K+270.9% | $66K+450.0% | $22K+184.6% | $25K-66.2% | -$172K+72.0% | $12K-99.2% |
| Income Tax | $0 | $0-100.0% | -$77K-48.1% | $0 | $0 | $1K-97.4% | -$52K-139.1% | $0-100.0% |
| Net Income | -$2.6M+82.4% | -$3.9M+24.7% | $24.7M-44.1% | -$4.5M+28.8% | -$15.1M-117.4% | -$5.2M+83.3% | $44.3M+150.6% | -$6.4M-24.1% |
| EPS (Basic) | -$0.52+86.6% | -$0.15+46.4% | -$0.16-169.6% | -$0.25+53.7% | -$3.88-487.9% | -$0.28+91.5% | $0.23+330.0% | -$0.54+11.5% |
| EPS (Diluted) | -$0.52 | -$0.15+46.4% | -$0.16-169.6% | -$0.25 | -$3.88 | -$0.28 | $0.23 | -$0.54 |
| Diluted Shares (Avg) | 5M | 26M+41.1% | N/A | 21M | 4M | 18M | N/A | 12M |
SMSI Balance Sheet
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.
| 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 | $25.9M-12.5% | $25.8M-40.5% | $25.0M-48.0% | $27.1M-41.3% | $29.6M-44.2% | $43.4M-21.8% | $48.0M-43.9% | $46.2M-50.0% |
| Current Assets | $6.8M+15.9% | $6.0M-14.3% | $4.5M-54.7% | $5.1M-21.2% | $5.9M-49.0% | $7.0M-43.2% | $10.0M-40.8% | $6.4M-69.7% |
| Cash & Equivalents | $2.8M+99.5% | $1.7M-23.9% | $1.5M-46.8% | $1.4M-7.6% | $1.4M-75.1% | $2.3M-62.8% | $2.8M-60.6% | $1.5M-81.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $2.6M-8.7% | $2.9M-10.4% | $1.8M-68.2% | $2.6M-24.3% | $2.9M-25.0% | $3.2M-24.7% | $5.7M-27.7% | $3.4M-66.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $11.1M0.0% | $11.1M-68.5% | $11.1M-68.5% |
| Total Liabilities | $8.6M+19.4% | $7.5M+9.6% | $6.6M-9.7% | $7.2M-14.2% | $7.2M-29.0% | $6.8M-32.0% | $7.3M-28.4% | $8.4M-45.3% |
| Current Liabilities | $4.7M-25.0% | $4.4M-23.2% | $6.1M+8.3% | $6.5M+1.7% | $6.3M-16.8% | $5.7M-21.1% | $5.7M-26.1% | $6.4M-47.4% |
| Non-Current Liabilities | $3.9M+330.7% | $3.1M+173.7% | $462K-71.8% | $716K-64.6% | $895K-64.8% | $1.1M-59.7% | $1.6M-35.6% | $2.0M-37.6% |
| Total Equity | $17.3M-22.7% | $18.3M-49.8% | $18.4M-54.9% | $19.9M-47.3% | $22.4M-47.8% | $36.6M-19.5% | $40.8M-45.9% | $37.7M-50.9% |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | -$359.8M-6.8% | -$354.6M-15.9% | -$350.3M-17.0% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SMSI Cash Flow 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.
| 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 | -$882K+61.1% | -$3.8M-523.3% | -$2.2M+55.6% | -$2.1M+44.0% | -$2.3M+46.1% | -$602K+55.2% | -$4.9M-381.6% | -$3.8M-347.6% |
| Depreciation & Amortization | $1.3M-3.9% | $1.2M-7.7% | $1.4M-4.3% | $1.3M-5.3% | $1.3M-12.5% | $1.4M-29.2% | $1.4M-42.8% | $1.4M-9.3% |
| Stock-Based Compensation | $171K-84.4% | $586K-46.1% | N/A | $644K-48.4% | $1.1M-3.7% | $1.1M-4.2% | N/A | $1.2M-6.9% |
| Capital Expenditures | $61K+125.9% | $11K+175.0% | $36K+1100.0% | $21K+250.0% | $27K+285.7% | $4K0.0% | $3K+200.0% | $6K |
| Free Cash Flow | -$943K+58.9% | -$3.8M-521.0% | -$2.2M+54.9% | -$2.2M+43.5% | -$2.3M+45.6% | -$606K+55.1% | -$4.9M-381.4% | -$3.8M |
| Investing Cash Flow | -$12K-101.3% | -$11K-175.0% | -$36K-1100.0% | $279K+4750.0% | $960K+13814.3% | -$4K-102.1% | -$3K-104.5% | -$6K+25.0% |
| Financing Cash Flow | $1.9M+362.5% | $4.0M+4564.0% | $2.3M-62.7% | $1.9M+721.1% | $421K-88.6% | $86K-52.5% | $6.2M+6129.0% | -$298K-1031.3% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SMSI 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.
| 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 | 81.3%+7.8pp | 78.4%+5.6pp | 76.3%+0.7pp | 73.9%+2.3pp | 73.5%+4.8pp | 72.8%+7.1pp | 75.6%+0.8pp | 71.6%-5.4pp |
| Operating Margin | -54.6% | -79.9% | -109.8% | -103.2% | -338.3% | -112.8% | -89.7%-23.5pp | -140.0% |
| Net Margin | -61.0% | -92.3% | 622.5% | -104.3% | -340.8% | -112.1% | 890.6% | -137.0% |
| Return on Equity | -15.3%+51.9pp | -21.3%-7.1pp | 134.6%+26.0pp | -22.8%-5.9pp | -67.2%-51.1pp | -14.2%+54.1pp | 108.6%+85.2pp | -16.9%-10.2pp |
| Return on Assets | -10.2%+40.7pp | -15.1%-3.2pp | 99.1%+7.0pp | -16.7%-2.9pp | -50.9%-37.8pp | -11.9%+44.0pp | 92.1%+71.5pp | -13.8%-8.2pp |
| Current Ratio | 1.45+0.5x | 1.37+0.1x | 0.74-1.0x | 0.78-0.2x | 0.94-0.6x | 1.23-0.5x | 1.77-0.4x | 1.00-0.7x |
| Debt-to-Equity | 0.49+0.2x | 0.41+0.2x | 0.36+0.2x | 0.36+0.1x | 0.32+0.1x | 0.190.0x | 0.180.0x | 0.220.0x |
| Asset Turnover | 0.170.0x | 0.16+0.1x | 0.16+0.1x | 0.16+0.1x | 0.15+0.1x | 0.110.0x | 0.100.0x | 0.100.0x |
| FCF Margin | -21.7%+30.2pp | -89.1%-76.0pp | -55.9%+43.3pp | -49.6%+32.6pp | -51.9%+30.1pp | -13.1%+10.2pp | -99.2%-87.3pp | -82.2% |
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.
Note: The current ratio is below 1.0 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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 |
|---|---|---|---|---|---|---|
| Smith Micro Software Inc SMSI | FY2025 | $17.4M | -$30K | -0.2% | $14.8M | 39/100 |
| Wellchange Holdings Company Limited WCT | FY2025 | $1.3M | -$7.3M | N/A | $72.4M | 48/100 |
| Lucas GC Limited LGCL | FY2025 | $149.0M | $1.4M | 0.9% | $3.3M | 41/100 |
| Amesite Inc. AMST | FY2026 | $365K | -$3.1M | N/A | $6.2M | — |
| Orangekloud Technology Inc. ORKT | FY2025 | $4.4M | -$3.5M | -78.7% | $5.9M | 52/100 |
| NextPlat Corp NXPL | FY2025 | $54.3M | -$10K | 0.0% | $23.2M | 40/100 |
Where Smith Micro Software Inc Ranks
Frequently Asked Questions
What is Smith Micro Software Inc's annual revenue?
Smith Micro Software Inc (SMSI) reported $17.4M in total revenue for fiscal year 2025. This represents a -15.5% 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 Smith Micro Software Inc's revenue growing?
Smith Micro Software Inc (SMSI) revenue declined by 15.5% year-over-year, from $20.6M to $17.4M in fiscal year 2025.
Is Smith Micro Software Inc profitable?
No, Smith Micro Software Inc (SMSI) reported a net income of -$30K in fiscal year 2025, with a net profit margin of -0.2%.
What is Smith Micro Software Inc's EBITDA?
Smith Micro Software Inc (SMSI) had EBITDA of -$23.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Smith Micro Software Inc's gross margin?
Smith Micro Software Inc (SMSI) had a gross margin of 74.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Smith Micro Software Inc's net profit margin?
Smith Micro Software Inc (SMSI) had a net profit margin of -0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Smith Micro Software Inc's return on equity (ROE)?
Smith Micro Software Inc (SMSI) has a return on equity of -0.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Smith Micro Software Inc's free cash flow?
Smith Micro Software Inc (SMSI) recorded an outflow of $7.3M in free cash flow during fiscal year 2025. This represents a 49.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Smith Micro Software Inc's operating cash flow?
Smith Micro Software Inc (SMSI) recorded an outflow of $7.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Smith Micro Software Inc's total assets?
Smith Micro Software Inc (SMSI) had $25.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Smith Micro Software Inc's capital expenditures?
Smith Micro Software Inc (SMSI) invested $88K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Smith Micro Software Inc spend on research and development?
Smith Micro Software Inc (SMSI) invested $10.7M in research and development during fiscal year 2025.
What is Smith Micro Software Inc's current ratio?
Smith Micro Software Inc (SMSI) had a current ratio of 0.74 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Smith Micro Software Inc's debt-to-equity ratio?
Smith Micro Software Inc (SMSI) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Smith Micro Software Inc's return on assets (ROA)?
Smith Micro Software Inc (SMSI) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Smith Micro Software Inc's P/E ratio?
Smith Micro Software Inc (SMSI) trades at 1.1x earnings, its market capitalization divided by net income of $13.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $14.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Smith Micro Software Inc's price-to-sales ratio?
Smith Micro Software Inc (SMSI) trades at 0.9x sales, its market capitalization divided by revenue of $16.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $14.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Smith Micro Software Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Smith Micro Software Inc (SMSI) held $1.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.2M over that year. Dividing the one by the other, the reported balance equals about 2 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 Smith Micro Software Inc's Piotroski F-Score?
Smith Micro Software Inc (SMSI) has a Piotroski F-Score of 2 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 Smith Micro Software Inc's earnings high quality?
Smith Micro Software Inc (SMSI) reported a net loss of $30K while operations used $7.2M 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 Smith Micro Software Inc cover its interest payments?
Smith Micro Software Inc (SMSI) reported an operating loss of $29.0M against $407K 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 Smith Micro Software Inc?
Smith Micro Software Inc (SMSI) scores 39 out of 100 on our Financial Health Score, indicating weak 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.