Phunware, Inc. (PHUN) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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PHUN Revenue Growth
Revenue Breakdown (FY 2024)
PHUN's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PHUN Revenue Analysis (2016–2024)
As of May 8, 2026, Phunware, Inc. (PHUN) generated trailing twelve-month (TTM) revenue of $2.4 million, reflecting moderate decline in growth of -6.5% year-over-year. The most recent quarter (Q3 2025) recorded $622,000 in revenue, up 36.7% sequentially.
Looking at the longer-term picture, PHUN's 5-year compound annual growth rate (CAGR) stands at -30.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $47.4 million in 2016.
Revenue diversification analysis shows PHUN's business is primarily driven by Software subscriptions and services (60%), and Advertising (40%). With over half of revenue concentrated in Software subscriptions and services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including APPS (+5.2% YoY), MGNI (+7.1% YoY), and KORE (+0.1% YoY), PHUN has underperformed the peer group in terms of revenue growth. Compare PHUN vs APPS →
PHUN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PHUNCurrent | $2M | -6.5% | -30.1% | -435.5% | |
 APPS | $491M | +5.2% | +28.7% | -11.0% | |
 MGNI | $714M | +7.1% | +26.4% | 13.7% | |
 KORE | $286M | +0.1% | +11.1% | -35.9% | |
 XTIA | $3M | -31.6% | -12.7% | -1154.9% | |
 BRZE | $738M | +24.4% | +37.5% | -19.6% |
PHUN Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.2M | -34.0% | $1.5M | 45.6% | $-13,889,000 | -435.5% |
| 2023 | $4.8M | -25.9% | $1.7M | 34.9% | $-45,691,000 | -945.6% |
| 2022 | $6.5M | -38.7% | $3.5M | 53.8% | $-24,031,000 | -368.5% |
| 2021 | $10.6M | +6.4% | $3.6M | 33.9% | $-16,844,000 | -158.3% |
| 2020 | $10.0M | -47.8% | $6.6M | 66.4% | $-17,498,000 | -175.0% |
| 2019 | $19.1M | -38.0% | $10.1M | 52.9% | $-12,312,000 | -64.3% |
| 2018 | $30.9M | +15.6% | $19.1M | 61.8% | $-6,863,000 | -22.2% |
| 2017 | $26.7M | -43.6% | $11.0M | 41.2% | $-25,616,000 | -95.9% |
| 2016 | $47.4M | - | $18.5M | 39.1% | $-146,580 | -0.3% |
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Start ComparisonPHUN — Frequently Asked Questions
Quick answers to the most common questions about buying PHUN stock.
Is PHUN's revenue growth accelerating or slowing?
PHUN revenue declined -6.5% year-over-year, contrasting with the 5-year CAGR of -30.1%. TTM revenue fell to $2M. This reverses the prior growth trend.
What is PHUN's long-term revenue growth rate?
Phunware, Inc.'s 5-year revenue CAGR of -30.1% reflects the variable expansion pattern. Current YoY growth of -6.5% is below this long-term average.
How is PHUN's revenue distributed by segment?
PHUN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.