Phunware filings document the company’s mobile cloud software business, operating results, governance actions, and material corporate events. Form 8-K reports furnish quarterly and annual financial-results releases, including revenue, margin, net loss, cash use, software subscriptions and services activity, and reconciliations for non-GAAP financial measures.
The company’s regulatory record also covers executive employment agreements, interim leadership arrangements, board composition, annual meeting procedures, director elections, auditor ratification, advisory compensation votes, and stockholder voting results. Proxy materials describe executive compensation, director nominees, governance practices, and related shareholder matters for PHUN.
Phunware, Inc. files its annual report describing a mobile software and in-app advertising business focused on cloud-based app frameworks, SDKs and AI-enabled features for industries such as healthcare and hospitality. The company reports a history of net losses in 2024 and 2025 and warns it may not achieve profitability.
Two customers represented 36% of 2025 net revenues, highlighting revenue concentration risk, and management discloses a material weakness in internal control over financial reporting related to segregation of duties. Phunware is investing in generative and agentic AI features such as AI Concierge and Guest Services Agent, while pausing further work on its app creator platform.
The report also explains its evolving dual-token strategy with PhunCoin and PhunToken, noting PhunCoin has not yet been issued and PhunToken sales did not occur in 2024 or 2025, with the broader Token Ecosystem still under development. As of December 31, 2025, Phunware had 26 full-time employees.
Goldenwise Capital Group Ltd has filed a Schedule 13D disclosing a new activist-style position in Phunware, Inc. It reports beneficial ownership of 1,100,905 shares of common stock, representing 5.5% of the company, acquired in open-market purchases totaling about USD $2,113,738.
Goldenwise, along with GoldenFuture Capital Investment Ltd and founder Huakun Ding, says Phunware’s market value does not fully reflect its intrinsic value, balance sheet strength and strategic opportunities. They intend to engage in constructive discussions with the board and management on capital allocation, strategy, corporate governance and operations, and may seek board representation to support these efforts.
Phunware, Inc. reported mixed results for Q4 and full-year 2025, combining improving margins and strong liquidity with continued operating losses and lower annual revenue. Net revenue in Q4 2025 increased 33% to $0.8 million from $0.6 million a year earlier, while gross margin climbed to 57.7% from 23.3%. The quarterly net loss narrowed to $2.1 million, or ($0.11) per share, versus a loss of $2.6 million, or ($0.15) per share, in Q4 2024.
For full-year 2025, net revenue declined to $2.6 million from $3.2 million in 2024, but gross margin improved to 50.6%, up 500 basis points. The company posted a net loss of $11.4 million, or ($0.57) per share, compared with a $10.3 million loss, or ($0.94) per share, in 2024, and adjusted EBITDA was a loss of $16.1 million. Net cash used in operations was $12.5 million, slightly better than the prior year.
Phunware ended 2025 with $100.6 million in cash and cash equivalents and $96.3 million of stockholders’ equity, providing significant financial capacity relative to its current revenue scale. Management highlighted a strategic shift toward hospitality and related markets, launching new hospitality-focused product tiers and advancing its AI Concierge offering that integrates generative AI with the company’s navigation and mapping technology.
Phunware, Inc. has amended its executive employment agreement with Interim Chief Executive Officer Jeremy Krol to extend his initial term. The original agreement, dated July 14, 2025, provided a six-month term that could be renewed in 30-day increments at the board’s discretion. Under the new amendment dated January 14, 2026, Mr. Krol’s initial term now runs through April 15, 2026, unless ended earlier under the agreement’s termination provisions. All other terms of his employment agreement remain in effect, with the full contracts available as exhibits for more detail.
Phunware, Inc. reported the results of its 2025 Annual Meeting of Stockholders held on December 17, 2025. Stockholders elected Class I directors Jeremy Krol and Ed Lu to serve until the 2028 annual meeting or until their successors are elected and qualified. Krol received 2,087,084 votes for and 117,831 withheld, while Lu received 2,080,296 votes for and 124,619 withheld, with 5,646,493 broker non-votes for each nominee.
Stockholders also approved the ratification of CBIZ CPAs P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, with 7,458,805 votes for, 172,459 against and 220,144 abstentions. In a non-binding advisory vote, stockholders approved the compensation of the company’s named executive officers with 1,939,816 votes for, 204,395 against and 60,704 abstentions, plus 5,646,493 broker non-votes. In a separate non-binding advisory vote on frequency, stockholders most strongly supported holding the say-on-pay vote every one year, with 1,601,016 votes for one year, 78,829 for two years, 441,442 for three years and 83,628 abstentions.
Phunware (PHUN) disclosed an officer’s beneficial ownership under Section 16. The reporting person, Vice President, Accounting, reported 12,853 shares of Common Stock held directly as of the event date. This total includes 9,854 shares (reflecting vested RSUs net of shares sold for taxes) and remaining unvested RSUs scheduled to vest, subject to continued service: 1,333 RSUs on June 1, 2026 from the May 2023 grant and 1,666 RSUs on August 3, 2026 from the August 2023 grant. The filing reflects a single reporting person and lists no derivative securities.
Phunware, Inc. reported Q3 2025 results. Net revenue was $622 thousand, with software subscriptions and services contributing $446 thousand and advertising $176 thousand. Gross profit was $287 thousand, yielding a gross margin of 46.1%.
The company posted a net loss of $2.409 million for the quarter. Other income was $1.091 million, driven mainly by interest income of $1.077 million. Adjusted EBITDA was $(3.340) million. For the nine months, revenue totaled $1.765 million and gross profit $836 thousand.
Cash and cash equivalents were $103.783 million as of September 30, 2025, versus total liabilities of $7.315 million. Deferred revenue was $2.083 million and backlog $2.687 million, for a combined $4.770 million of billed and unbilled contract value to be recognized over time. Operating expenses were $3.787 million in Q3, including $2.308 million in general and administrative and $800 thousand in sales and marketing. As of November 4, 2025, 20,187,326 common shares were outstanding.
The company noted ongoing legal proceedings, with certain matters settled by insurers and others pending, and stated it intends to vigorously defend remaining claims.
Phunware, Inc. furnished an 8‑K announcing it issued a press release with financial results for the third quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.
The company states the information is furnished, not filed, and will not be incorporated by reference. The release references non‑GAAP financial measures with reconciliations to the nearest GAAP measures included in Exhibit 99.1.
Phunware (PHUN) reported an insider transaction by its Chief Legal Officer. On 08/04/2025, the officer disposed of 504 shares of common stock at $2.71 per share, coded F, which indicates shares were surrendered to satisfy tax withholding obligations under the company’s 2018 Equity Incentive Plan.
Following the transaction, the reporting person beneficially owns 14,013 shares, held directly. The filing notes the price reflects the actual per-share sales price of the shares disposed.