Phunware, Inc. (PHUN) 10-Year Financial Performance & Capital Metrics

PHUN • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementMarketing Automation

AboutPhunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. It also engages the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization; and pre-packaged and custom high-end personal computer systems for gaming, streaming, and cryptocurrency mining enthusiasts. The company was founded in 2009 and is headquartered in Austin, Texas.Show more

Revenue $3M -34.0%
EBITDA -$14M +69.6%
Net Income -$10M +80.5%
EPS (Diluted) -0.94 +95.8%
Gross Margin 45.59% +30.7%
EBITDA Margin -435.03% +53.9%
Operating Margin -435.53% +53.9%
Net Margin -323.49% +70.4%
ROE -21.55% +97.3%
ROIC -
Debt/Equity 0.01
Interest Coverage -102.88 -290.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.2x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Sales declining 30.1% over 5 years
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-30.13%

3Y-33.08%

TTM165.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM61.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.26%

ROCE

10Y Avg-108.76%

5Y Avg-157.77%

3Y Avg-167.64%

Latest-28.19%

Peer Comparison

Marketing Automation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HUBSHubSpot, Inc.	18.8B	358.89	4018.93	21.07%	-0.12%	-0.19%	2.98%	0.39
SHOPShopify Inc.	204.71B	167.44	108.03	25.78%	16.65%	14.25%	0.78%	0.10
CRMSalesforce, Inc.	225.87B	241.06	37.90	8.72%	17.91%	12.03%	5.5%	0.19
SAGTSAGTEC GLOBAL Ltd	23.46M	1.84	3.35	77.59%	13.32%	50.19%	3.71%	0.20
BNZIBanzai International, Inc.	15.91M	1.51	-0.22	-0.73%	-547.65%	-108.58%
SOPASociety Pass Incorporated	18.41M	2.42	-0.70	-13.05%	-77.41%	-40.8%	13.28%
BMBLBumble Inc.	408.12M	3.62	-0.79	1.88%	-19.82%	-19.17%	23.69%	0.47
PHUNPhunware, Inc.	39.57M	1.96	-2.09	-34%	-5.05%	-12.11%		0.01

Profit & Loss

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	47.37M	26.72M	30.88M	19.15M	10M	10.64M	6.52M	4.83M	3.19M
Revenue Growth %	-	-0.44%	0.16%	-0.38%	-0.48%	0.06%	-0.39%	-0.26%	-0.34%
Cost of Goods Sold+	28.83M	15.71M	11.8M	9.02M	3.36M	7.03M	3.01M	3.15M	1.74M
COGS % of Revenue	0.61%	0.59%	0.38%	0.47%	0.34%	0.66%	0.46%	0.65%	0.54%
Gross Profit+	18.54M	11.01M	19.08M	10.13M	6.64M	3.61M	3.51M	1.69M	1.45M
Gross Margin %	0.39%	0.41%	0.62%	0.53%	0.66%	0.34%	0.54%	0.35%	0.46%
Gross Profit Growth %	-	-0.41%	0.73%	-0.47%	-0.34%	-0.46%	-0.03%	-0.52%	-0.14%
Operating Expenses+	146.58K	36.62M	25.94M	22.44M	24.14M	20.46M	27.54M	47.38M	15.34M
OpEx % of Revenue	0%	1.37%	0.84%	1.17%	2.41%	1.92%	4.22%	9.8%	4.81%
Selling, General & Admin	146.58K	25.52M	18.98M	18.11M	17.01M	16.28M	21.39M	17.11M	13.08M
SG&A % of Revenue	0%	0.95%	0.61%	0.95%	1.7%	1.53%	3.28%	3.54%	4.1%
Research & Development	9.88M	11.11M	6.96M	4.33M	2.63M	4.18M	6.15M	4.45M	2.27M
R&D % of Revenue	0.21%	0.42%	0.23%	0.23%	0.26%	0.39%	0.94%	0.92%	0.71%
Other Operating Expenses	0	-13K	0	0	4.5M	0	0	25.82M	0
Operating Income+	-146.58K	-25.62M	-6.86M	-12.31M	-17.5M	-16.84M	-24.03M	-45.69M	-13.89M
Operating Margin %	-0%	-0.96%	-0.22%	-0.64%	-1.75%	-1.58%	-3.69%	-9.46%	-4.36%
Operating Income Growth %	-	-173.76%	0.73%	-0.79%	-0.42%	0.04%	-0.43%	-0.9%	0.7%
EBITDA+	1.69M	-24.18M	-6.43M	-11.98M	-17.34M	-16.61M	-23.98M	-45.61M	-13.87M
EBITDA Margin %	0.04%	-0.9%	-0.21%	-0.63%	-1.73%	-1.56%	-3.68%	-9.44%	-4.35%
EBITDA Growth %	-	-15.33%	0.73%	-0.86%	-0.45%	0.04%	-0.44%	-0.9%	0.7%
D&A (Non-Cash Add-back)	1.83M	1.44M	434K	327K	153K	238K	50K	84K	16K
EBIT	-90.19K	-25.62M	-9.45M	-12.29M	-18.78M	-49.47M	-43.02M	-40.18M	-10.14M
Net Interest Income+	0	-397K	-724K	-581K	-3.41M	-4.48M	-2.41M	-1.73M	1.6M
Interest Income	0	0	0	0	0	0	0	0	1.73M
Interest Expense	0	397K	724K	581K	3.41M	4.48M	2.41M	1.73M	135K
Other Income/Expense	15.35M	-410K	-3.31M	-554K	-4.7M	-37.1M	-21.39M	3.78M	3.61M
Pretax Income+	-90.19K	-26.03M	-10.18M	-12.87M	-22.2M	-53.95M	-45.42M	-41.91M	-10.28M
Pretax Margin %	-0%	-0.97%	-0.33%	-0.67%	-2.22%	-5.07%	-6.97%	-8.67%	-3.22%
Income Tax+	68K	-88K	-374K	5K	2K	-426K	4K	29K	41K
Effective Tax Rate %	1%	1%	0.96%	1%	1%	0.99%	1.12%	1.26%	1%
Net Income+	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-50.89M	-52.78M	-10.32M
Net Margin %	-0%	-0.97%	-0.32%	-0.67%	-2.22%	-5.03%	-7.8%	-10.92%	-3.23%
Net Income Growth %	-	-286.6%	0.62%	-0.31%	-0.72%	-1.41%	0.05%	-0.04%	0.8%
Net Income (Continuing)	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-45.42M	-41.94M	-10.32M
Discontinued Operations	0	0	0	0	0	0	-5.47M	-10.84M	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.15	-52.39	-19.18	-17.45	-25.07	-35.47	-25.71	-22.18	-0.94
EPS Growth %	-	-23.37%	0.63%	0.09%	-0.44%	-0.41%	0.28%	0.14%	0.96%
EPS (Basic)	-2.15	-52.39	-19.18	-17.45	-25.07	-35.50	-25.71	-22.18	-0.94
Diluted Shares Outstanding	41.88K	495.12K	511.12K	737.58K	885.38K	1.51M	1.98M	2.38M	10.97M
Basic Shares Outstanding	41.88K	495.12K	511.12K	737.58K	885.38K	1.51M	1.98M	2.38M	10.97M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	523.11K	6.9M	4.72M	2.31M	4.91M	60.01M	16.86M	4.96M	113.76M
Cash & Short-Term Investments	490.89K	308K	844K	276K	3.94M	23.14M	1.96M	3.93M	112.97M
Cash Only	490.89K	308K	844K	276K	3.94M	23.14M	1.96M	3.93M	112.97M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.06M	6.21M	3.61M	1.67M	664K	967K	958K	550K	276K
Days Sales Outstanding	62.1	84.77	42.62	31.85	24.23	33.16	53.62	41.55	31.59
Inventory	-8.06M	0	0	0	0	2.64M	2.78M	0	0
Days Inventory Outstanding	-	-	-	-	-	136.86	336.89	-	-
Other Current Assets	32.22K	0	272K	0	210K	32.58M	11.17M	199K	509K
Total Non-Current Assets+	70.44M	27.1M	32.16M	26.74M	26.93M	38.01M	39.93M	1.77M	1.02M
Property, Plant & Equipment	255K	128K	66K	24K	13K	1.26M	3.93M	1.49M	864K
Fixed Asset Turnover	185.76x	208.77x	467.92x	797.92x	769.31x	8.45x	1.66x	3.24x	3.69x
Goodwill	25.79M	25.89M	25.82M	25.86M	25.9M	33.26M	31.11M	0	0
Intangible Assets	2.16M	901K	521K	253K	111K	3.21M	2.52M	0	0
Long-Term Investments	70.44M	71.22M	19.71M	0	91K	0	0	0	0
Other Non-Current Assets	196K	187K	-14.02M	362K	276K	-1M	402K	276K	158K
Total Assets+	70.97M	34M	36.88M	29.05M	31.84M	98.02M	56.8M	6.73M	114.78M
Asset Turnover	0.67x	0.79x	0.84x	0.66x	0.31x	0.11x	0.11x	0.72x	0.03x
Asset Growth %	-	-0.52%	0.08%	-0.21%	0.1%	2.08%	-0.42%	-0.88%	16.06%
Total Current Liabilities+	50.25K	15.2M	19.97M	19.83M	26.46M	30.29M	25.58M	16.5M	6.45M
Accounts Payable	0	3.55M	9.89M	10.16M	8.46M	6.59M	7.28M	7.84M	3.75M
Days Payables Outstanding	-	82.41	305.87	411.09	920.06	342.1	881.96	909.14	789.75
Short-Term Debt	780K	1.82M	1.99M	1.08M	4.43M	4.9M	10.62M	4.94M	0
Deferred Revenue (Current)	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-7.03M	7.68M	2.56M	125K	6.89M	10.78M	3.18M	1.72M	0
Current Ratio	10.41x	0.45x	0.24x	0.12x	0.19x	1.98x	0.66x	0.30x	17.63x
Quick Ratio	170.81x	0.45x	0.24x	0.12x	0.19x	1.89x	0.55x	0.30x	17.63x
Cash Conversion Cycle	-	-	-	-	-	-172.08	-491.45	-	-
Total Non-Current Liabilities+	1.73M	10.89M	11.08M	5.19M	7.35M	2.45M	6.34M	1.68M	1.15M
Long-Term Debt	0	0	0	1.1M	3.96M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	1.15M	1.93M	1.03M	619K
Deferred Tax Liabilities	0	387K	64K	241K	537K	1.28M	1.96M	0	0
Other Non-Current Liabilities	0	10.89M	17K	83K	180K	-1.28M	1.18M	0	0
Total Liabilities	1.78M	26.1M	31.05M	25.03M	33.81M	32.74M	31.91M	18.18M	7.6M
Total Debt+	780K	1.82M	1.99M	2.18M	8.39M	6.45M	13.24M	6.6M	932K
Net Debt	289.11K	1.51M	1.15M	1.91M	4.45M	-16.69M	11.29M	2.66M	-112.04M
Debt / Equity	0.01x	0.23x	0.34x	0.54x	-	0.10x	0.53x	-	0.01x
Debt / EBITDA	0.46x	-	-	-	-	-	-	-	-
Net Debt / EBITDA	0.17x	-	-	-	-	-	-	-	-
Interest Coverage	-	-64.52x	-9.48x	-21.19x	-5.13x	-3.76x	-9.99x	-26.37x	-102.88x
Total Equity+	69.19M	7.9M	5.83M	4.03M	-1.98M	65.28M	24.88M	-11.46M	107.18M
Equity Growth %	-	-0.89%	-0.26%	-0.31%	-1.49%	33.98%	-0.62%	-1.46%	10.36%
Book Value per Share	1652.15	15.96	11.40	5.46	-2.24	43.26	12.57	-4.81	9.77
Total Shareholders' Equity	69.19M	7.9M	5.83M	4.03M	-1.98M	65.28M	24.88M	-11.46M	107.18M
Common Stock	272	3K	3K	4K	6K	10K	10K	0	2K
Retained Earnings	-90.19K	-102.02M	-111.82M	-123.6M	-145.8M	-199.32M	-250.22M	-303M	-313.32M
Treasury Stock	0	0	0	0	0	0	0	-502K	-502K
Accumulated OCI	-474K	-347K	-418K	-382K	-338K	-352K	-472K	-418K	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-72.16K	-16.99M	-6.59M	-6.19M	-10.97M	-22.51M	-26.86M	-18.43M	-13.3M
Operating CF Margin %	-0%	-0.64%	-0.21%	-0.32%	-1.1%	-2.12%	-4.12%	-3.82%	-4.17%
Operating CF Growth %	-	-234.46%	0.61%	0.06%	-0.77%	-1.05%	-0.19%	0.31%	0.28%
Net Income	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-50.89M	-23.01M	-10.32M
Depreciation & Amortization	1.83M	1.44M	434K	327K	153K	3.18M	1.03M	84K	0
Stock-Based Compensation	247K	118K	450K	1.78M	4.49M	4.94M	3.01M	4.07M	1.66M
Deferred Taxes	0	-93K	-387K	0	0	0	0	0	0
Other Non-Cash Items	-24.75K	3.1M	1.85M	118K	3.28M	31.91M	21.34M	2.45M	-896K
Working Capital Changes	18.03K	4.38M	863K	4.46M	3.3M	-9.02M	-1.34M	-2.02M	-3.75M
Change in Receivables	233K	-1.24M	2.44M	1.82M	796K	-16K	2K	235K	130K
Change in Inventory	0	3.04M	-5.77M	0	0	-949K	-412K	0	0
Change in Payables	24.75K	-903K	4.16M	740K	427K	-1.57M	726K	558K	-2.93M
Cash from Investing+	-56.39K	-27K	377K	70K	0	-46.38M	-2.26M	15.38M	0
Capital Expenditures	-28K	-27K	0	-18K	0	-41.28M	-242K	0	0
CapEx % of Revenue	0%	0%	-	0%	-	3.88%	0.04%	-	-
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-56.39K	218.29K	-536K	0	0	0	0	15.38M	0
Cash from Financing+	71.01M	4.62M	12.32M	99K	14.6M	88.02M	8.05M	4.97M	122.34M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	22.99M	4.29M	6.32M	5.23M	-978K	4.81M	28K	58K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-100.16K	-17.02M	-6.59M	-6.21M	-10.97M	-63.8M	-28.02M	-18.43M	-13.3M
FCF Margin %	-0%	-0.64%	-0.21%	-0.32%	-1.1%	-5.99%	-4.3%	-3.82%	-4.17%
FCF Growth %	-	-168.9%	0.61%	0.06%	-0.77%	-4.81%	0.56%	0.34%	0.28%
FCF per Share	-2.39	-34.37	-12.90	-8.41	-12.39	-42.28	-14.15	-7.75	-1.21
FCF Conversion (FCF/Net Income)	0.80x	0.66x	0.67x	0.48x	0.49x	0.42x	0.53x	0.35x	1.29x
Interest Paid	0	0	0	-603K	0	0	0	0	31K
Taxes Paid	0	0	0	0	0	0	0	0	14K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.13%	-67.29%	-142.79%	-261.26%	-2168.93%	-169.11%	-112.9%	-786.43%	-21.55%
Return on Invested Capital (ROIC)	-0.16%	-48.7%	-62.82%	-143.07%	-312.28%	-49.48%	-42.53%	-250.35%	-
Gross Margin	39.14%	41.19%	61.78%	52.9%	66.43%	33.95%	53.81%	34.89%	45.59%
Net Margin	-0.19%	-97.07%	-31.74%	-67.21%	-221.97%	-502.88%	-780.46%	-1092.4%	-323.49%
Debt / Equity	0.01x	0.23x	0.34x	0.54x	-	0.10x	0.53x	-	0.01x
Interest Coverage	-	-64.52x	-9.48x	-21.19x	-5.13x	-3.76x	-9.99x	-26.37x	-102.88x
FCF Conversion	0.80x	0.66x	0.67x	0.48x	0.49x	0.42x	0.53x	0.35x	1.29x
Revenue Growth	-	-43.59%	15.57%	-37.99%	-47.78%	6.42%	-38.73%	-25.9%	-34%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Software subscriptions and services	-	-	-	-	-	1.91M
Software subscriptions and services Growth	-	-	-	-	-	-
Advertising	-	-	-	-	-	1.28M
Advertising Growth	-	-	-	-	-	-
Hardware Revenues	-	-	-	15.27M	-	-
Hardware Revenues Growth	-	-	-	-	-	-
Platform subscriptions and services revenue	3.76M	9.11M	5.31M	-	-	-
Platform subscriptions and services revenue Growth	-	141.98%	-41.72%	-	-	-
Computer Revenues	-	-	3.1M	-	-	-
Computer Revenues Growth	-	-	-	-	-	-
Application transaction revenue	82K	893K	2.24M	-	-	-
Application transaction revenue Growth	-	989.02%	150.84%	-	-	-
PhunCoin deposits	-	-	-	-	-	-
PhunCoin deposits Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	18.95M	9.69M	9.94M	21.14M	4.27M	3.17M
UNITED STATES Growth	-	-48.89%	2.61%	112.67%	-79.81%	-25.69%
Non-US	-	-	704K	657K	565K	18K
Non-US Growth	-	-	-	-6.68%	-14.00%	-96.81%
Europe	17K	1K	-	-	-	-
Europe Growth	-	-94.12%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Phunware, Inc. (PHUN) reported $2.4M in revenue for fiscal year 2024. This represents a 95% decrease from $47.4M in 2016.

Phunware, Inc. (PHUN) saw revenue decline by 34.0% over the past year.

Phunware, Inc. (PHUN) reported a net loss of $11.9M for fiscal year 2024.

Dividend & Returns

Phunware, Inc. (PHUN) has a return on equity (ROE) of -21.6%. Negative ROE indicates the company is unprofitable.

Phunware, Inc. (PHUN) had negative free cash flow of $12.0M in fiscal year 2024, likely due to heavy capital investments.

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Phunware, Inc. (PHUN) 10-Year Financial Performance & Capital Metrics

PHUN • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementMarketing Automation

Revenue $3M -34.0%
EBITDA -$14M +69.6%
Net Income -$10M +80.5%
EPS (Diluted) -0.94 +95.8%
Gross Margin 45.59% +30.7%
EBITDA Margin -435.03% +53.9%
Operating Margin -435.53% +53.9%
Net Margin -323.49% +70.4%
ROE -21.55% +97.3%
ROIC -
Debt/Equity 0.01
Interest Coverage -102.88 -290.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.2x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Sales declining 30.1% over 5 years
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-30.13%

3Y-33.08%

TTM165.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM61.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.26%

ROCE

10Y Avg-108.76%

5Y Avg-157.77%

3Y Avg-167.64%

Latest-28.19%

Peer Comparison

Marketing Automation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HUBSHubSpot, Inc.	18.8B	358.89	4018.93	21.07%	-0.12%	-0.19%	2.98%	0.39
SHOPShopify Inc.	204.71B	167.44	108.03	25.78%	16.65%	14.25%	0.78%	0.10
CRMSalesforce, Inc.	225.87B	241.06	37.90	8.72%	17.91%	12.03%	5.5%	0.19
SAGTSAGTEC GLOBAL Ltd	23.46M	1.84	3.35	77.59%	13.32%	50.19%	3.71%	0.20
BNZIBanzai International, Inc.	15.91M	1.51	-0.22	-0.73%	-547.65%	-108.58%
SOPASociety Pass Incorporated	18.41M	2.42	-0.70	-13.05%	-77.41%	-40.8%	13.28%
BMBLBumble Inc.	408.12M	3.62	-0.79	1.88%	-19.82%	-19.17%	23.69%	0.47
PHUNPhunware, Inc.	39.57M	1.96	-2.09	-34%	-5.05%	-12.11%		0.01

Profit & Loss

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	47.37M	26.72M	30.88M	19.15M	10M	10.64M	6.52M	4.83M	3.19M
Revenue Growth %	-	-0.44%	0.16%	-0.38%	-0.48%	0.06%	-0.39%	-0.26%	-0.34%
Cost of Goods Sold+	28.83M	15.71M	11.8M	9.02M	3.36M	7.03M	3.01M	3.15M	1.74M
COGS % of Revenue	0.61%	0.59%	0.38%	0.47%	0.34%	0.66%	0.46%	0.65%	0.54%
Gross Profit+	18.54M	11.01M	19.08M	10.13M	6.64M	3.61M	3.51M	1.69M	1.45M
Gross Margin %	0.39%	0.41%	0.62%	0.53%	0.66%	0.34%	0.54%	0.35%	0.46%
Gross Profit Growth %	-	-0.41%	0.73%	-0.47%	-0.34%	-0.46%	-0.03%	-0.52%	-0.14%
Operating Expenses+	146.58K	36.62M	25.94M	22.44M	24.14M	20.46M	27.54M	47.38M	15.34M
OpEx % of Revenue	0%	1.37%	0.84%	1.17%	2.41%	1.92%	4.22%	9.8%	4.81%
Selling, General & Admin	146.58K	25.52M	18.98M	18.11M	17.01M	16.28M	21.39M	17.11M	13.08M
SG&A % of Revenue	0%	0.95%	0.61%	0.95%	1.7%	1.53%	3.28%	3.54%	4.1%
Research & Development	9.88M	11.11M	6.96M	4.33M	2.63M	4.18M	6.15M	4.45M	2.27M
R&D % of Revenue	0.21%	0.42%	0.23%	0.23%	0.26%	0.39%	0.94%	0.92%	0.71%
Other Operating Expenses	0	-13K	0	0	4.5M	0	0	25.82M	0
Operating Income+	-146.58K	-25.62M	-6.86M	-12.31M	-17.5M	-16.84M	-24.03M	-45.69M	-13.89M
Operating Margin %	-0%	-0.96%	-0.22%	-0.64%	-1.75%	-1.58%	-3.69%	-9.46%	-4.36%
Operating Income Growth %	-	-173.76%	0.73%	-0.79%	-0.42%	0.04%	-0.43%	-0.9%	0.7%
EBITDA+	1.69M	-24.18M	-6.43M	-11.98M	-17.34M	-16.61M	-23.98M	-45.61M	-13.87M
EBITDA Margin %	0.04%	-0.9%	-0.21%	-0.63%	-1.73%	-1.56%	-3.68%	-9.44%	-4.35%
EBITDA Growth %	-	-15.33%	0.73%	-0.86%	-0.45%	0.04%	-0.44%	-0.9%	0.7%
D&A (Non-Cash Add-back)	1.83M	1.44M	434K	327K	153K	238K	50K	84K	16K
EBIT	-90.19K	-25.62M	-9.45M	-12.29M	-18.78M	-49.47M	-43.02M	-40.18M	-10.14M
Net Interest Income+	0	-397K	-724K	-581K	-3.41M	-4.48M	-2.41M	-1.73M	1.6M
Interest Income	0	0	0	0	0	0	0	0	1.73M
Interest Expense	0	397K	724K	581K	3.41M	4.48M	2.41M	1.73M	135K
Other Income/Expense	15.35M	-410K	-3.31M	-554K	-4.7M	-37.1M	-21.39M	3.78M	3.61M
Pretax Income+	-90.19K	-26.03M	-10.18M	-12.87M	-22.2M	-53.95M	-45.42M	-41.91M	-10.28M
Pretax Margin %	-0%	-0.97%	-0.33%	-0.67%	-2.22%	-5.07%	-6.97%	-8.67%	-3.22%
Income Tax+	68K	-88K	-374K	5K	2K	-426K	4K	29K	41K
Effective Tax Rate %	1%	1%	0.96%	1%	1%	0.99%	1.12%	1.26%	1%
Net Income+	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-50.89M	-52.78M	-10.32M
Net Margin %	-0%	-0.97%	-0.32%	-0.67%	-2.22%	-5.03%	-7.8%	-10.92%	-3.23%
Net Income Growth %	-	-286.6%	0.62%	-0.31%	-0.72%	-1.41%	0.05%	-0.04%	0.8%
Net Income (Continuing)	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-45.42M	-41.94M	-10.32M
Discontinued Operations	0	0	0	0	0	0	-5.47M	-10.84M	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.15	-52.39	-19.18	-17.45	-25.07	-35.47	-25.71	-22.18	-0.94
EPS Growth %	-	-23.37%	0.63%	0.09%	-0.44%	-0.41%	0.28%	0.14%	0.96%
EPS (Basic)	-2.15	-52.39	-19.18	-17.45	-25.07	-35.50	-25.71	-22.18	-0.94
Diluted Shares Outstanding	41.88K	495.12K	511.12K	737.58K	885.38K	1.51M	1.98M	2.38M	10.97M
Basic Shares Outstanding	41.88K	495.12K	511.12K	737.58K	885.38K	1.51M	1.98M	2.38M	10.97M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	523.11K	6.9M	4.72M	2.31M	4.91M	60.01M	16.86M	4.96M	113.76M
Cash & Short-Term Investments	490.89K	308K	844K	276K	3.94M	23.14M	1.96M	3.93M	112.97M
Cash Only	490.89K	308K	844K	276K	3.94M	23.14M	1.96M	3.93M	112.97M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.06M	6.21M	3.61M	1.67M	664K	967K	958K	550K	276K
Days Sales Outstanding	62.1	84.77	42.62	31.85	24.23	33.16	53.62	41.55	31.59
Inventory	-8.06M	0	0	0	0	2.64M	2.78M	0	0
Days Inventory Outstanding	-	-	-	-	-	136.86	336.89	-	-
Other Current Assets	32.22K	0	272K	0	210K	32.58M	11.17M	199K	509K
Total Non-Current Assets+	70.44M	27.1M	32.16M	26.74M	26.93M	38.01M	39.93M	1.77M	1.02M
Property, Plant & Equipment	255K	128K	66K	24K	13K	1.26M	3.93M	1.49M	864K
Fixed Asset Turnover	185.76x	208.77x	467.92x	797.92x	769.31x	8.45x	1.66x	3.24x	3.69x
Goodwill	25.79M	25.89M	25.82M	25.86M	25.9M	33.26M	31.11M	0	0
Intangible Assets	2.16M	901K	521K	253K	111K	3.21M	2.52M	0	0
Long-Term Investments	70.44M	71.22M	19.71M	0	91K	0	0	0	0
Other Non-Current Assets	196K	187K	-14.02M	362K	276K	-1M	402K	276K	158K
Total Assets+	70.97M	34M	36.88M	29.05M	31.84M	98.02M	56.8M	6.73M	114.78M
Asset Turnover	0.67x	0.79x	0.84x	0.66x	0.31x	0.11x	0.11x	0.72x	0.03x
Asset Growth %	-	-0.52%	0.08%	-0.21%	0.1%	2.08%	-0.42%	-0.88%	16.06%
Total Current Liabilities+	50.25K	15.2M	19.97M	19.83M	26.46M	30.29M	25.58M	16.5M	6.45M
Accounts Payable	0	3.55M	9.89M	10.16M	8.46M	6.59M	7.28M	7.84M	3.75M
Days Payables Outstanding	-	82.41	305.87	411.09	920.06	342.1	881.96	909.14	789.75
Short-Term Debt	780K	1.82M	1.99M	1.08M	4.43M	4.9M	10.62M	4.94M	0
Deferred Revenue (Current)	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-7.03M	7.68M	2.56M	125K	6.89M	10.78M	3.18M	1.72M	0
Current Ratio	10.41x	0.45x	0.24x	0.12x	0.19x	1.98x	0.66x	0.30x	17.63x
Quick Ratio	170.81x	0.45x	0.24x	0.12x	0.19x	1.89x	0.55x	0.30x	17.63x
Cash Conversion Cycle	-	-	-	-	-	-172.08	-491.45	-	-
Total Non-Current Liabilities+	1.73M	10.89M	11.08M	5.19M	7.35M	2.45M	6.34M	1.68M	1.15M
Long-Term Debt	0	0	0	1.1M	3.96M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	1.15M	1.93M	1.03M	619K
Deferred Tax Liabilities	0	387K	64K	241K	537K	1.28M	1.96M	0	0
Other Non-Current Liabilities	0	10.89M	17K	83K	180K	-1.28M	1.18M	0	0
Total Liabilities	1.78M	26.1M	31.05M	25.03M	33.81M	32.74M	31.91M	18.18M	7.6M
Total Debt+	780K	1.82M	1.99M	2.18M	8.39M	6.45M	13.24M	6.6M	932K
Net Debt	289.11K	1.51M	1.15M	1.91M	4.45M	-16.69M	11.29M	2.66M	-112.04M
Debt / Equity	0.01x	0.23x	0.34x	0.54x	-	0.10x	0.53x	-	0.01x
Debt / EBITDA	0.46x	-	-	-	-	-	-	-	-
Net Debt / EBITDA	0.17x	-	-	-	-	-	-	-	-
Interest Coverage	-	-64.52x	-9.48x	-21.19x	-5.13x	-3.76x	-9.99x	-26.37x	-102.88x
Total Equity+	69.19M	7.9M	5.83M	4.03M	-1.98M	65.28M	24.88M	-11.46M	107.18M
Equity Growth %	-	-0.89%	-0.26%	-0.31%	-1.49%	33.98%	-0.62%	-1.46%	10.36%
Book Value per Share	1652.15	15.96	11.40	5.46	-2.24	43.26	12.57	-4.81	9.77
Total Shareholders' Equity	69.19M	7.9M	5.83M	4.03M	-1.98M	65.28M	24.88M	-11.46M	107.18M
Common Stock	272	3K	3K	4K	6K	10K	10K	0	2K
Retained Earnings	-90.19K	-102.02M	-111.82M	-123.6M	-145.8M	-199.32M	-250.22M	-303M	-313.32M
Treasury Stock	0	0	0	0	0	0	0	-502K	-502K
Accumulated OCI	-474K	-347K	-418K	-382K	-338K	-352K	-472K	-418K	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Nov 2016	Nov 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-72.16K	-16.99M	-6.59M	-6.19M	-10.97M	-22.51M	-26.86M	-18.43M	-13.3M
Operating CF Margin %	-0%	-0.64%	-0.21%	-0.32%	-1.1%	-2.12%	-4.12%	-3.82%	-4.17%
Operating CF Growth %	-	-234.46%	0.61%	0.06%	-0.77%	-1.05%	-0.19%	0.31%	0.28%
Net Income	-90.19K	-25.94M	-9.8M	-12.87M	-22.2M	-53.52M	-50.89M	-23.01M	-10.32M
Depreciation & Amortization	1.83M	1.44M	434K	327K	153K	3.18M	1.03M	84K	0
Stock-Based Compensation	247K	118K	450K	1.78M	4.49M	4.94M	3.01M	4.07M	1.66M
Deferred Taxes	0	-93K	-387K	0	0	0	0	0	0
Other Non-Cash Items	-24.75K	3.1M	1.85M	118K	3.28M	31.91M	21.34M	2.45M	-896K
Working Capital Changes	18.03K	4.38M	863K	4.46M	3.3M	-9.02M	-1.34M	-2.02M	-3.75M
Change in Receivables	233K	-1.24M	2.44M	1.82M	796K	-16K	2K	235K	130K
Change in Inventory	0	3.04M	-5.77M	0	0	-949K	-412K	0	0
Change in Payables	24.75K	-903K	4.16M	740K	427K	-1.57M	726K	558K	-2.93M
Cash from Investing+	-56.39K	-27K	377K	70K	0	-46.38M	-2.26M	15.38M	0
Capital Expenditures	-28K	-27K	0	-18K	0	-41.28M	-242K	0	0
CapEx % of Revenue	0%	0%	-	0%	-	3.88%	0.04%	-	-
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-56.39K	218.29K	-536K	0	0	0	0	15.38M	0
Cash from Financing+	71.01M	4.62M	12.32M	99K	14.6M	88.02M	8.05M	4.97M	122.34M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	22.99M	4.29M	6.32M	5.23M	-978K	4.81M	28K	58K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-100.16K	-17.02M	-6.59M	-6.21M	-10.97M	-63.8M	-28.02M	-18.43M	-13.3M
FCF Margin %	-0%	-0.64%	-0.21%	-0.32%	-1.1%	-5.99%	-4.3%	-3.82%	-4.17%
FCF Growth %	-	-168.9%	0.61%	0.06%	-0.77%	-4.81%	0.56%	0.34%	0.28%
FCF per Share	-2.39	-34.37	-12.90	-8.41	-12.39	-42.28	-14.15	-7.75	-1.21
FCF Conversion (FCF/Net Income)	0.80x	0.66x	0.67x	0.48x	0.49x	0.42x	0.53x	0.35x	1.29x
Interest Paid	0	0	0	-603K	0	0	0	0	31K
Taxes Paid	0	0	0	0	0	0	0	0	14K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.13%	-67.29%	-142.79%	-261.26%	-2168.93%	-169.11%	-112.9%	-786.43%	-21.55%
Return on Invested Capital (ROIC)	-0.16%	-48.7%	-62.82%	-143.07%	-312.28%	-49.48%	-42.53%	-250.35%	-
Gross Margin	39.14%	41.19%	61.78%	52.9%	66.43%	33.95%	53.81%	34.89%	45.59%
Net Margin	-0.19%	-97.07%	-31.74%	-67.21%	-221.97%	-502.88%	-780.46%	-1092.4%	-323.49%
Debt / Equity	0.01x	0.23x	0.34x	0.54x	-	0.10x	0.53x	-	0.01x
Interest Coverage	-	-64.52x	-9.48x	-21.19x	-5.13x	-3.76x	-9.99x	-26.37x	-102.88x
FCF Conversion	0.80x	0.66x	0.67x	0.48x	0.49x	0.42x	0.53x	0.35x	1.29x
Revenue Growth	-	-43.59%	15.57%	-37.99%	-47.78%	6.42%	-38.73%	-25.9%	-34%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Software subscriptions and services	-	-	-	-	-	1.91M
Software subscriptions and services Growth	-	-	-	-	-	-
Advertising	-	-	-	-	-	1.28M
Advertising Growth	-	-	-	-	-	-
Hardware Revenues	-	-	-	15.27M	-	-
Hardware Revenues Growth	-	-	-	-	-	-
Platform subscriptions and services revenue	3.76M	9.11M	5.31M	-	-	-
Platform subscriptions and services revenue Growth	-	141.98%	-41.72%	-	-	-
Computer Revenues	-	-	3.1M	-	-	-
Computer Revenues Growth	-	-	-	-	-	-
Application transaction revenue	82K	893K	2.24M	-	-	-
Application transaction revenue Growth	-	989.02%	150.84%	-	-	-
PhunCoin deposits	-	-	-	-	-	-
PhunCoin deposits Growth	-	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	18.95M	9.69M	9.94M	21.14M	4.27M	3.17M
UNITED STATES Growth	-	-48.89%	2.61%	112.67%	-79.81%	-25.69%
Non-US	-	-	704K	657K	565K	18K
Non-US Growth	-	-	-	-6.68%	-14.00%	-96.81%
Europe	17K	1K	-	-	-	-
Europe Growth	-	-94.12%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Phunware, Inc. (PHUN) reported $2.4M in revenue for fiscal year 2024. This represents a 95% decrease from $47.4M in 2016.

Phunware, Inc. (PHUN) saw revenue decline by 34.0% over the past year.

Phunware, Inc. (PHUN) reported a net loss of $11.9M for fiscal year 2024.

Dividend & Returns

Phunware, Inc. (PHUN) has a return on equity (ROE) of -21.6%. Negative ROE indicates the company is unprofitable.

Phunware, Inc. (PHUN) had negative free cash flow of $12.0M in fiscal year 2024, likely due to heavy capital investments.