What is Phunware's operating income?

Phunware's total operating income in 2025 was -$20.52 million, based on the following breakdown: Total Gross Profit: $1.29 million Total Operating Expenses: $21.81 million

Phunware (PHUN) Financials

$2.13 -0.04 (-1.84%)

Closing price 07/16/2026 04:00 PM Eastern

Extended Trading

$2.10 -0.02 (-1.17%)

As of 06:12 AM Eastern

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Annual Income Statements for Phunware

This table shows Phunware's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.09	-26	-13	-22	-54	-51	-53	-10	-11
Consolidated Net Income / (Loss)	-0.09	-26	-13	-22	-54	-51	-53	-10	-11
Net Income / (Loss) Continuing Operations	-0.09	-26	-13	-22	-54	-45	-42	-10	-11
Total Pre-Tax Income	-0.09	-26	-13	-22	-54	-45	-42	-10	-11
Total Operating Income	-0.15	-26	-12	-17	-17	-24	-46	-14	-21
Total Gross Profit	0.00	11	10	6.64	3.61	3.51	1.69	1.45	1.29
Total Revenue	0.00	27	19	10	11	6.52	4.83	3.19	2.55
Operating Revenue	0.00	27	19	10	11	6.52	4.83	3.19	2.55
Total Cost of Revenue	0.00	16	9.02	3.36	7.03	3.01	3.15	1.74	1.26
Operating Cost of Revenue	-	16	9.02	3.36	7.03	3.01	3.15	1.74	1.26
Total Operating Expenses	0.15	37	22	24	20	28	47	15	22
Selling, General & Admin Expense	-	15	15	15	13	17	14	10	15
Marketing Expense	-	11	2.71	1.65	3.02	4.11	3.33	2.61	3.35
Research & Development Expense	-	11	4.33	2.63	4.18	6.15	4.45	2.27	3.16
Total Other Income / (Expense), net	0.06	-0.41	-0.55	-4.70	-37	-21	3.78	3.61	9.10
Interest Expense	-	0.40	0.58	5.57	12	2.41	1.97	-0.40	0.03
Interest & Investment Income	-	-	-	-	-	-	0.00	1.73	4.27
Other Income / (Expense), net	0.06	-0.01	0.03	0.87	-25	-19	5.75	1.48	4.86
Income Tax Expense	-	-0.09	0.01	0.00	-0.43	0.00	0.03	0.04	-0.02
Basic Earnings per Share	($0.04)	($1.06)	($0.35)	($0.50)	($0.71)	-	-	($0.94)	($0.57)
Weighted Average Basic Shares Outstanding	9.01M	24.52M	36.88M	44.27M	75.45M	1.98M	2.38M	10.97M	20.18M
Diluted Earnings per Share	($0.04)	($1.06)	($0.35)	($0.50)	($0.71)	-	-	($0.94)	($0.57)
Weighted Average Diluted Shares Outstanding	9.01M	24.52M	36.88M	44.27M	75.45M	1.98M	2.38M	10.97M	20.18M
Weighted Average Basic & Diluted Shares Outstanding	2.09M	24.52M	36.88M	44.27M	97.25M	103.97M	8.03M	20.17M	20.19M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	$0.00	$0.00

This table shows Phunware's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-19	-23	-2.29	-2.63	-2.76	-2.63	-3.72	-3.14	-2.41	-2.13	-3.19
Consolidated Net Income / (Loss)	-19	-23	-2.29	-2.63	-2.76	-2.63	-3.72	-3.14	-2.41	-2.13	-3.19
Net Income / (Loss) Continuing Operations	-14	-20	-2.29	-2.63	-2.76	-2.63	-3.72	-3.14	-2.41	-2.13	-3.19
Total Pre-Tax Income	-14	-20	-2.29	-2.63	-2.76	-2.59	-3.72	-3.14	-2.41	-2.14	-3.19
Total Operating Income	-13	-20	-2.87	-2.93	-3.19	-4.89	-4.81	-4.26	-3.50	-7.95	-4.02
Total Gross Profit	0.63	0.45	0.52	0.47	0.32	0.14	0.36	0.19	0.29	0.46	0.38
Total Revenue	1.25	0.94	0.92	1.01	0.67	0.59	0.69	0.46	0.62	0.79	0.54
Operating Revenue	1.25	0.94	0.92	1.01	0.67	0.59	0.69	0.46	0.62	0.79	0.54
Total Cost of Revenue	0.62	0.49	0.40	0.54	0.34	0.45	0.33	0.27	0.34	0.33	0.16
Operating Cost of Revenue	0.62	0.49	0.40	0.54	0.34	0.45	0.33	0.27	0.34	0.33	0.16
Total Operating Expenses	14	20	3.40	3.40	3.51	5.03	5.17	4.45	3.79	8.40	4.41
Selling, General & Admin Expense	2.99	2.39	2.47	2.30	2.28	3.42	3.46	2.79	2.31	6.73	2.70
Marketing Expense	0.84	0.49	0.44	0.61	0.62	0.93	0.90	0.69	0.80	0.97	0.83
Research & Development Expense	1.04	0.43	0.48	0.50	0.61	0.67	0.81	0.97	0.68	0.70	0.88
Total Other Income / (Expense), net	-0.44	-0.44	0.58	0.30	0.43	2.30	1.09	1.12	1.09	5.80	0.83
Interest Expense	0.50	0.38	-0.43	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Interest & Investment Income	0.00	-	0.14	0.24	0.38	0.97	1.12	1.09	1.08	0.98	0.86
Other Income / (Expense), net	0.06	-0.06	0.02	0.07	0.06	1.34	-0.02	0.03	0.02	4.83	-0.02
Income Tax Expense	0.00	0.03	0.00	0.00	0.00	0.04	0.00	0.00	0.00	-0.02	0.00
Basic Earnings per Share	-	($9.67)	($0.33)	($0.32)	($0.25)	($0.24)	($0.18)	($0.16)	($0.12)	($0.11)	($0.16)
Weighted Average Basic Shares Outstanding	2.40M	2.38M	6.86M	8.30M	11.10M	10.97M	20.17M	20.17M	20.18M	20.18M	20.19M
Diluted Earnings per Share	-	($9.67)	($0.33)	($0.32)	($0.25)	($0.24)	($0.18)	($0.16)	($0.12)	($0.11)	($0.16)
Weighted Average Diluted Shares Outstanding	2.40M	2.38M	6.86M	8.30M	11.10M	10.97M	20.17M	20.17M	20.18M	20.18M	20.19M
Weighted Average Basic & Diluted Shares Outstanding	135.44M	8.03M	8.27M	11.34M	19.89M	20.17M	20.17M	20.19M	20.19M	20.19M	20.45M

This table details how cash moves in and out of Phunware's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.49	-12	-6.02	3.67	19	-21	1.98	109	-12
Net Cash From Operating Activities	-0.07	-17	-6.19	-11	-23	-27	-18	-13	-12
Net Cash From Continuing Operating Activities	-0.07	-17	-6.19	-11	-23	-29	-17	-13	-12
Net Income / (Loss) Continuing Operations	-0.09	-26	-13	-22	-54	-40	-42	-10	-11
Consolidated Net Income / (Loss)	-0.09	-26	-13	-22	-54	-45	-53	-10	-11
Non-Cash Adjustments To Reconcile Net Income	-	3.22	1.90	8.74	34	23	27	2.34	-0.35
Changes in Operating Assets and Liabilities, net	0.02	4.29	4.46	0.30	-6.02	-1.35	-2.03	-5.15	-0.71
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-1.33	-0.18	0.00
Net Cash From Investing Activities	-70	-0.03	0.07	0.00	-46	-2.26	15	0.00	0.00
Net Cash From Continuing Investing Activities	-70	-0.03	0.07	0.00	-46	0.12	15	0.00	0.00
Net Cash From Financing Activities	71	4.62	0.10	15	88	8.06	4.98	122	0.08
Net Cash From Continuing Financing Activities	71	4.62	0.10	15	88	8.06	4.98	122	0.08
Issuance of Common Equity	71	3.65	0.00	9.18	95	4.30	10	122	0.08
Cash Interest Paid	-	0.38	0.60	1.25	1.36	0.96	1.22	0.03	0.03
Cash Income Taxes Paid	-	-	-	0.00	0.00	0.00	0.00	0.01	0.03

This table details how cash moves in and out of Phunware's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	1.75	1.08	18	-1.20	15	77	-3.26	-3.46	-2.48	-3.20	-2.73
Net Cash From Operating Activities	-3.31	-2.57	-5.53	-2.68	-2.39	-2.71	-3.34	-3.46	-2.48	-3.20	-2.73
Net Cash From Continuing Operating Activities	-3.42	-2.55	-5.33	-2.70	-2.39	-2.71	-3.34	-3.46	-2.48	-3.20	-2.73
Net Income / (Loss) Continuing Operations	-14	-20	0.00	-	-	-10	-3.72	-	-	-11	-3.19
Consolidated Net Income / (Loss)	-19	-23	-2.29	-2.63	-2.76	-2.63	-3.72	-3.14	-2.41	-2.13	-3.19
Non-Cash Adjustments To Reconcile Net Income	10	19	0.24	0.58	0.83	0.69	0.35	0.09	0.09	-0.66	0.13
Changes in Operating Assets and Liabilities, net	-0.02	-1.06	-3.27	-0.65	-0.46	-0.77	0.04	-0.40	-0.16	-0.41	0.34
Net Cash From Investing Activities	0.00	-0.00	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Continuing Investing Activities	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Financing Activities	5.10	3.60	23	1.44	18	80	0.08	-	-	-	0.00
Net Cash From Continuing Financing Activities	5.10	3.60	23	1.44	18	80	0.08	-	-	-	0.00
Issuance of Common Equity	5.88	3.60	23	1.44	18	80	0.08	-	-	-	0.00
Cash Interest Paid	0.70	0.08	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01

This table presents Phunware's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2016	11/30/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	71	71	29	32	98	55	6.73	115	121
Total Current Assets	0.52	0.13	2.32	4.91	60	17	4.96	114	120
Cash & Equivalents	0.49	0.12	0.28	3.94	23	1.96	3.93	113	101
Accounts Receivable	-	-	1.67	0.66	0.97	0.84	0.55	0.28	0.30
Prepaid Expenses	0.03	0.02	0.37	0.30	0.69	0.61	0.37	0.41	19
Other Current Assets	-	-	-	-	33	10	0.08	-	0.10
Other Current Nonoperating Assets	-	-	-	-	-	3.33	0.03	-	0.00
Plant, Property, & Equipment, net	0.00	0.00	0.02	0.01	0.00	0.19	0.04	0.02	0.01
Total Noncurrent Assets	70	71	27	27	38	38	1.73	0.94	0.71
Other Noncurrent Operating Assets	70	71	0.36	0.37	1.54	2.63	1.73	0.84	0.71
Total Liabilities & Shareholders' Equity	71	71	29	32	98	55	6.73	115	121
Total Liabilities	1.78	2.47	25	34	33	30	18	7.60	25
Total Current Liabilities	0.05	0.74	20	26	30	26	17	6.45	24
Accounts Payable	0.02	0.12	10	8.46	6.59	7.28	7.84	3.75	1.07
Accrued Expenses	0.03	0.01	4.04	5.35	9.62	2.74	0.44	0.15	20
Current Deferred Revenue	-	-	3.36	2.40	3.97	1.53	1.26	1.03	1.39
Other Current Liabilities	-	0.00	1.08	4.61	4.00	0.95	1.83	1.52	1.54
Total Noncurrent Liabilities	1.73	1.73	5.19	7.35	2.45	4.38	1.68	1.15	0.65
Noncurrent Deferred Revenue	-	-	3.85	2.86	1.30	1.27	0.65	0.53	0.37
Other Noncurrent Operating Liabilities	1.73	1.73	-	0.00	1.15	1.93	1.03	0.62	0.28
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5.00	5.00	4.03	-1.98	65	25	-11	107	96
Total Preferred & Common Equity	5.00	5.00	4.03	-1.98	65	25	-11	107	96
Total Common Equity	5.00	5.00	4.03	-1.98	65	25	-11	107	96
Common Stock	5.09	5.40	128	144	265	276	292	421	422
Retained Earnings	-0.09	-0.40	-124	-146	-199	-250	-303	-313	-325
Treasury Stock	-	-	-	-	-	0.00	-0.50	-0.50	-0.50

This table presents Phunware's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	28	24	23	41	112	108	106	100
Total Current Assets	5.48	23	22	40	111	107	105	99
Cash & Equivalents	2.86	22	20	36	110	106	104	98
Accounts Receivable	1.05	0.64	0.97	1.08	0.70	0.38	0.35	0.47
Prepaid Expenses	0.60	0.39	0.29	3.13	0.59	0.46	0.58	0.68
Other Current Assets	0.08	0.02	0.02	0.02	-	0.11	-	0.07
Other Current Nonoperating Assets	-	0.03	0.00	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	0.17	0.04	0.03	0.03	0.02	0.02	0.01	0.01
Total Noncurrent Assets	22	1.60	1.38	1.22	0.85	0.86	0.75	0.64
Other Noncurrent Operating Assets	3.41	1.60	1.38	1.22	0.77	0.86	0.63	0.64
Total Liabilities & Shareholders' Equity	28	24	23	41	112	108	106	100
Total Liabilities	21	9.65	8.98	12	8.41	7.48	7.32	6.49
Total Current Liabilities	18	8.18	7.69	10	7.21	6.16	6.16	5.85
Accounts Payable	7.97	5.07	4.79	4.78	4.07	3.57	3.18	2.63
Accrued Expenses	0.95	0.24	0.29	3.01	0.49	0.18	0.15	0.15
Current Deferred Revenue	1.52	1.01	0.98	1.15	1.12	0.89	1.29	1.52
Other Current Liabilities	1.01	0.66	1.63	1.54	1.52	1.53	1.54	1.55
Total Noncurrent Liabilities	3.05	1.47	1.29	1.41	1.20	1.32	1.16	0.64
Noncurrent Deferred Revenue	0.74	0.61	0.51	0.71	0.66	0.86	0.79	0.46
Other Noncurrent Operating Liabilities	2.31	0.86	0.78	0.70	0.54	0.45	0.37	0.19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6.56	15	14	29	104	101	98	93
Total Preferred & Common Equity	6.56	15	14	29	104	101	98	93
Total Common Equity	6.56	15	14	29	104	101	98	93
Common Stock	288	321	323	341	421	421	421	422
Retained Earnings	-280	-305	-308	-311	-317	-320	-323	-328
Treasury Stock	-0.50	-0.50	-0.50	-0.50	-0.50	-0.50	-0.50	-0.50

This table displays calculated financial ratios and metrics derived from Phunware's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	9,010,177.00	9,010,177.00	3,961,287.00	39,124,023.00	49,140,540.00	96,261,780.00	102,628,317.00	135,439,755.00	19,888,185.00	20,187,326.00
DEI Adjusted Shares Outstanding	180,204.00	180,204.00	79,226.00	782,480.00	982,811.00	1,925,236.00	2,052,566.00	2,708,795.00	19,888,185.00	20,187,326.00
DEI Earnings Per Adjusted Shares Outstanding	-0.50	-143.94	-	-16.45	-22.59	-27.80	-24.80	-19.49	-0.52	-0.56
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	15.57%	0.00%	-47.78%	6.42%	-38.73%	-25.90%	-34.00%	-19.94%
EBITDA Growth	0.00%	-16,403.39%	62.72%	-32.59%	-20.76%	-167.11%	-8.84%	4.85%	68.94%	-26.19%
EBIT Growth	0.00%	-17,384.41%	63.12%	-29.96%	-35.34%	-149.70%	-3.61%	7.14%	68.94%	-26.19%
NOPAT Growth	0.00%	-12,132.88%	74.11%	-30.37%	-42.12%	3.74%	-42.67%	-90.13%	69.60%	-47.74%
Net Income Growth	0.00%	0.00%	62.21%	0.00%	-72.47%	-141.10%	4.91%	-3.72%	80.46%	-10.52%
EPS Growth	0.00%	0.00%	64.15%	0.00%	-42.86%	-42.00%	0.00%	0.00%	0.00%	39.36%
Operating Cash Flow Growth	0.00%	0.00%	61.20%	0.00%	-77.36%	-105.18%	-19.29%	31.36%	27.84%	6.28%
Free Cash Flow Firm Growth	0.00%	0.00%	292.39%	-102.22%	-780.63%	-471.24%	112.36%	-77.71%	-1,005.19%	-14.17%
Invested Capital Growth	0.00%	0.98%	-82.19%	-60.70%	-49.06%	1,802.30%	-50.56%	-144.19%	42.12%	28.22%
Revenue Q/Q Growth	0.00%	0.00%	15.57%	0.00%	0.00%	46.60%	-70.92%	173.11%	-9.86%	8.32%
EBITDA Q/Q Growth	0.00%	0.00%	63.90%	0.00%	-1,228.20%	-357.30%	39.45%	-60.55%	56.54%	2.75%
EBIT Q/Q Growth	0.00%	0.00%	64.22%	0.00%	0.00%	-241.04%	38.73%	-60.55%	56.54%	2.75%
NOPAT Q/Q Growth	0.00%	0.00%	74.88%	0.00%	0.00%	-13.73%	6.26%	-54.08%	51.49%	-17.49%
Net Income Q/Q Growth	0.00%	0.00%	62.92%	0.00%	0.00%	-92.05%	29.13%	-29.82%	66.39%	4.27%
EPS Q/Q Growth	0.00%	0.00%	69.35%	0.00%	0.00%	-97.22%	0.00%	0.00%	65.94%	3.39%
Operating Cash Flow Q/Q Growth	0.00%	-5,663.86%	61.11%	0.00%	-61.30%	4.39%	-2.13%	7.14%	-1.11%	-4.04%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-110.06%	-261.83%	-144.30%	116.74%	-77.56%	-221.69%	-23.20%
Invested Capital Q/Q Growth	0.00%	0.00%	-30.60%	-27.13%	336.93%	254.51%	-37.03%	-210.98%	7.22%	23.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	41.19%	61.78%	52.90%	66.43%	33.95%	53.81%	34.89%	45.59%	50.57%
EBITDA Margin	0.00%	-90.53%	-29.20%	-62.44%	-144.40%	-362.43%	-643.78%	-826.68%	-389.06%	-613.24%
Operating Margin	0.00%	-95.86%	-22.22%	-64.29%	-174.96%	-158.26%	-368.52%	-945.59%	-435.53%	-803.72%
EBIT Margin	0.00%	-95.91%	-30.61%	-64.15%	-166.24%	-390.07%	-659.64%	-826.68%	-389.06%	-613.24%
Profit (Net Income) Margin	0.00%	-97.07%	-31.74%	-67.21%	-221.97%	-502.88%	-780.46%	-1,092.40%	-323.49%	-446.57%
Tax Burden Percent	100.00%	99.66%	96.33%	100.04%	100.01%	99.21%	112.05%	125.93%	100.40%	99.83%
Interest Burden Percent	100.00%	101.55%	107.66%	104.73%	133.51%	129.95%	105.59%	104.93%	82.82%	72.94%
Effective Tax Rate	0.00%	0.00%	3.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-25.97%	-16.18%	-100.17%	-334.30%	-47.62%	-47.86%	-492.82%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	422,162.27%	-406.40%	-530.16%	-711.13%	558.01%	295.34%	8,877.14%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-11.60%	-8.30%	-260.47%	-1,834.63%	-121.49%	-65.04%	-293.61%	0.00%	0.00%
Return on Equity (ROE)	-0.13%	-37.57%	-24.48%	-360.64%	-2,168.93%	-169.11%	-112.90%	-786.43%	-21.55%	-11.20%
Cash Return on Invested Capital (CROIC)	0.00%	-26.95%	123.36%	-13.02%	-269.28%	-227.65%	19.81%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-36.02%	-17.47%	-84.57%	-54.61%	-63.94%	-56.28%	-129.77%	-20.42%	-13.29%
Return on Assets (ROA)	0.00%	-36.45%	-18.12%	-88.61%	-72.92%	-82.44%	-66.59%	-171.48%	-16.98%	-9.68%
Return on Common Equity (ROCE)	-0.01%	-2.72%	-3.31%	-360.64%	-2,168.93%	-169.11%	-112.90%	-786.43%	-21.55%	-11.20%
Return on Equity Simple (ROE_SIMPLE)	-1.80%	-518.76%	-168.23%	-319.70%	1,121.73%	-81.99%	-204.55%	460.72%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.10	-18	-6.61	-8.62	-12	-12	-17	-32	-9.72	-14
NOPAT Margin	0.00%	-67.10%	-21.41%	-45.00%	-122.47%	-110.78%	-257.96%	-661.91%	-304.87%	-562.60%
Net Nonoperating Expense Percent (NNEP)	2.53%	-422,188.24%	390.22%	429.99%	376.84%	-605.63%	-343.19%	-9,369.96%	-1.06%	2.77%
Return On Investment Capital (ROIC_SIMPLE)	-2.05%	-	-	-	-	-	-	490.47%	-9.07%	-14.91%
Cost of Revenue to Revenue	0.00%	58.81%	38.22%	47.10%	33.57%	66.05%	46.19%	65.11%	54.41%	49.43%
SG&A Expenses to Revenue	0.00%	55.37%	43.91%	80.43%	153.59%	124.55%	264.94%	285.18%	328.41%	599.10%
R&D to Revenue	0.00%	41.57%	22.55%	22.63%	26.28%	39.27%	94.30%	92.07%	71.03%	123.89%
Operating Expenses to Revenue	0.00%	137.06%	84.01%	117.19%	241.40%	192.21%	422.33%	980.48%	481.12%	854.29%
Earnings before Interest and Taxes (EBIT)	-0.09	-26	-9.45	-12	-17	-42	-43	-40	-12	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.09	-24	-9.02	-12	-14	-39	-42	-40	-12	-16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.93	18.40	0.00	11.56	0.00	3.88	3.19	0.00	0.96	0.39
Price to Tangible Book Value (P/TBV)	17.93	18.40	0.00	0.00	0.00	8.79	0.00	0.00	0.97	0.39
Price to Revenue (P/Rev)	0.00	3.44	0.00	2.43	6.19	23.79	12.17	2.30	32.43	14.63
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.23	2.25	0.00	9.72	26.76	4.99	3.74	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	5.85	0.00	2.46	6.62	22.07	13.35	2.51	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	12.50	7.80	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.18	0.23	-4.14	0.08	0.39	-0.43	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.23	-1.90	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.01	0.00	0.02	0.49	2.58	-0.22	-0.22	-0.03	-1.17	-1.05
Leverage Ratio	1.03	1.03	1.35	7.22	29.75	2.05	1.70	4.59	1.27	1.16
Compound Leverage Factor	1.03	1.05	1.45	7.56	39.71	2.67	1.79	4.81	1.05	0.84
Debt to Total Capital	0.00%	0.87%	15.10%	18.44%	131.83%	6.99%	27.98%	-75.69%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.87%	15.10%	0.00%	71.33%	6.99%	27.98%	-75.69%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	18.44%	60.50%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	92.77%	91.93%	40.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	7.23%	7.20%	44.15%	81.56%	-31.83%	93.01%	72.02%	175.69%	100.00%	100.00%
Debt to EBITDA	0.00	-0.03	-0.22	-0.08	-0.57	-0.13	-0.23	-0.12	0.00	0.00
Net Debt to EBITDA	0.00	-0.02	-0.13	-0.05	-0.29	0.47	-0.18	-0.03	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.08	-0.26	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	-0.03	-0.30	-0.11	-0.67	-0.42	-0.57	-0.15	0.00	0.00
Net Debt to NOPAT	0.00	-0.03	-0.17	-0.07	-0.35	1.55	-0.46	-0.03	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.11	-0.31	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	30.30	21.55	0.00	-6.30	-7.53	0.87	-7.46	-83.62	5.14	-2.30
Noncontrolling Interest Sharing Ratio	92.77%	92.76%	86.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.41	0.18	0.24	0.12	0.19	1.98	0.66	0.30	17.63	5.03
Quick Ratio	9.77	0.16	0.22	0.10	0.17	0.80	0.11	0.27	17.56	4.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-19	50	-1.12	-9.87	-56	6.96	1.55	-14	-16
Operating Cash Flow to CapEx	0.00%	-62,925.93%	0.00%	-34,372.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-46.86	69.62	-1.93	-1.77	-4.53	2.89	0.79	0.00	-501.32
Operating Cash Flow to Interest Expense	0.00	-42.80	-9.11	-10.65	-1.97	-1.81	-11.16	-9.36	0.00	-389.59
Operating Cash Flow Less CapEx to Interest Expense	0.00	-42.86	-9.11	-10.68	-1.97	-1.81	-11.11	-1.55	0.00	-389.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.38	0.57	1.32	0.33	0.16	0.09	0.16	0.05	0.02
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	8.57	13.05	7.24	6.98	7.72	8.86
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	540.59	0.00	0.00	41.66	99.66	145.89
Accounts Payable Turnover	0.00	209.97	2.36	0.00	0.36	0.93	0.43	0.42	0.30	0.52
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	42.61	27.97	50.43	52.31	47.27	41.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	1.74	154.87	0.00	1,012.31	390.73	840.22	876.77	1,219.12	697.61
Cash Conversion Cycle (CCC)	0.00	-1.74	-154.87	0.00	-969.70	-362.76	-789.78	-824.46	-1,171.85	-656.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	69	69	12	4.86	2.47	47	23	-10	-5.95	-4.27
Invested Capital Turnover	0.00	0.39	0.76	2.23	2.73	0.43	0.19	0.74	-0.39	-0.50
Increase / (Decrease) in Invested Capital	0.00	0.67	-57	-7.50	-2.38	45	-24	-34	4.33	1.68
Enterprise Value (EV)	153	156	0.00	47	66	235	87	12	-9.56	-63
Market Capitalization	90	92	0.00	47	62	253	79	11	103	37
Book Value per Share	$0.55	$0.55	$0.23	$0.10	($0.04)	$0.68	$0.24	($0.08)	$5.39	$4.77
Tangible Book Value per Share	$0.55	$0.55	($0.80)	($0.56)	($0.57)	$0.30	($0.01)	($0.08)	$5.38	$4.77
Total Capital	69	69	13	4.94	6.22	70	35	-6.52	107	96
Total Debt	0.00	0.60	1.99	0.91	8.20	4.90	9.67	4.94	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.91	3.76	0.00	0.00	0.00	0.00	0.00
Net Debt	-0.49	0.49	1.15	0.63	4.26	-18	7.71	1.00	-113	-101
Capital Expenditures (CapEx)	0.00	0.03	0.00	0.02	0.00	0.00	-0.12	-15	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.02	-0.12	-14	-18	-21	11	-1.00	-11	-5.67	-4.35
Debt-free Net Working Capital (DFNWC)	0.47	-0.00	-13	-18	-17	35	0.95	-6.61	107	96
Net Working Capital (NWC)	0.47	-0.61	-15	-18	-22	30	-8.71	-12	107	96
Net Nonoperating Expense (NNE)	-0.01	8.01	3.19	4.25	9.95	42	34	21	0.59	-2.96
Net Nonoperating Obligations (NNO)	-0.49	0.49	1.15	0.83	4.45	-18	-1.62	1.18	-113	-101
Total Depreciation and Amortization (D&A)	0.00	1.44	0.43	0.33	2.19	2.94	1.03	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.45%	-45.67%	-92.92%	-210.58%	107.87%	-15.37%	-218.13%	-177.67%	-170.19%
Debt-free Net Working Capital to Revenue	0.00%	-0.01%	-42.93%	-91.48%	-171.18%	325.27%	14.61%	-136.71%	3,364.94%	3,769.76%
Net Working Capital to Revenue	0.00%	-2.27%	-49.39%	-91.48%	-215.53%	279.19%	-133.63%	-238.87%	3,364.94%	3,769.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.00)	($5.50)	($0.38)	$0.00	($25.00)	($35.50)	($25.50)	$0.00	$0.00	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	180.20K	180.20K	25.56M	0.00	1.42M	1.51M	1.98M	2.38M	10.97M	20.18M
Adjusted Diluted Earnings per Share	($2.00)	($5.50)	($0.38)	$0.00	($25.00)	($35.50)	($25.50)	$0.00	$0.00	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	180.20K	180.20K	25.56M	0.00	1.42M	1.51M	1.98M	2.38M	10.97M	20.18M
Adjusted Basic & Diluted Earnings per Share	($2.00)	($5.50)	($0.38)	$0.00	($25.00)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.88K	54.75K	25.56M	0.00	885.38K	1.95M	2.08M	8.03M	20.17M	20.19M
Normalized Net Operating Profit after Tax (NOPAT)	-0.10	-18	-6.61	-8.62	-9.10	-12	-17	-14	-9.72	-14
Normalized NOPAT Margin	0.00%	-67.10%	-21.41%	-45.00%	-90.98%	-110.78%	-257.96%	-287.88%	-304.87%	-562.60%
Pre Tax Income Margin	0.00%	-97.40%	-32.95%	-67.19%	-221.95%	-506.89%	-696.53%	-867.45%	-322.20%	-447.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-64.56	-13.06	-21.14	-2.98	-3.34	-17.88	-20.28	0.00	-489.25
NOPAT to Interest Expense	0.00	-45.17	-9.13	-14.83	-2.20	-0.95	-6.99	-16.24	0.00	-448.85
EBIT Less CapEx to Interest Expense	0.00	-64.62	-13.06	-21.18	-2.98	-3.34	-17.83	-12.46	0.00	-489.25
NOPAT Less CapEx to Interest Expense	0.00	-45.23	-9.13	-14.86	-2.20	-0.95	-6.94	-8.42	0.00	-448.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-48.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-48.48%	0.00%	0.00%	0.00%	-0.95%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Phunware's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	120,355,584.00	135,439,755.00	8,027,082.00	8,272,091.00	11,339,155.00	19,888,185.00	20,170,745.00	20,170,745.00	20,186,491.00	20,187,326.00	20,190,878.00
DEI Adjusted Shares Outstanding	2,407,112.00	2,708,795.00	8,027,082.00	8,272,091.00	11,339,155.00	19,888,185.00	20,170,745.00	20,170,745.00	20,186,491.00	20,187,326.00	20,190,878.00
DEI Earnings Per Adjusted Shares Outstanding	-7.88	-8.50	-0.29	-0.32	-0.24	-0.13	-0.18	-0.16	-0.12	-0.11	-0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-73.69%	108.96%	-31.47%	-21.93%	-46.89%	-37.09%	-25.30%	-55.00%	-6.47%	33.11%	-21.22%
EBITDA Growth	-100.36%	-359.69%	9.95%	25.87%	76.31%	81.95%	-69.05%	-47.90%	-11.05%	12.43%	16.37%
EBIT Growth	-88.07%	-325.52%	9.95%	25.87%	76.31%	81.95%	-69.05%	-47.90%	-11.05%	12.43%	16.37%
NOPAT Growth	-68.55%	-445.94%	57.07%	51.80%	75.98%	75.09%	-67.50%	-45.19%	-9.72%	-62.44%	16.45%
Net Income Growth	-136.70%	-111.36%	46.31%	59.67%	85.46%	88.56%	-62.43%	-19.50%	12.72%	19.29%	14.21%
EPS Growth	0.00%	-111.36%	0.00%	0.00%	0.00%	97.52%	45.45%	50.00%	52.00%	54.17%	11.11%
Operating Cash Flow Growth	58.02%	35.59%	25.09%	48.34%	27.92%	-5.69%	39.69%	-29.16%	-4.03%	-17.85%	18.23%
Free Cash Flow Firm Growth	162.99%	-6.94%	143.37%	245.02%	-26.88%	-139.17%	-112.84%	-113.26%	-124.15%	6.61%	-8.62%
Invested Capital Growth	-74.93%	-144.19%	-125.92%	-127.42%	-169.24%	42.12%	10.32%	9.79%	12.41%	28.22%	26.01%
Revenue Q/Q Growth	-3.32%	-24.84%	-2.13%	9.77%	-34.22%	-10.98%	16.22%	-33.87%	36.70%	26.69%	-31.22%
EBITDA Q/Q Growth	-242.29%	-49.01%	85.48%	-0.10%	-9.40%	-13.54%	-35.95%	12.41%	17.86%	10.47%	-29.84%
EBIT Q/Q Growth	-242.29%	-49.01%	85.48%	-0.10%	-9.40%	-13.54%	-35.95%	12.41%	17.86%	10.47%	-29.84%
NOPAT Q/Q Growth	-118.14%	-47.85%	85.36%	-2.09%	-8.73%	-53.32%	1.57%	11.51%	17.84%	-127.00%	49.38%
Net Income Q/Q Growth	-190.91%	-21.26%	90.04%	-14.79%	-4.90%	4.60%	-41.40%	15.55%	23.38%	11.79%	-50.31%
EPS Q/Q Growth	0.00%	0.00%	96.59%	3.03%	21.88%	4.00%	25.00%	11.11%	25.00%	8.33%	-45.45%
Operating Cash Flow Q/Q Growth	36.10%	22.45%	-115.51%	51.63%	10.84%	-13.71%	-22.97%	-3.60%	28.19%	-28.82%	14.67%
Free Cash Flow Firm Q/Q Growth	133.81%	7.69%	60.92%	-14.85%	-50.45%	-157.68%	47.26%	12.03%	9.76%	-123.06%	38.66%
Invested Capital Q/Q Growth	-59.55%	-210.98%	32.19%	9.91%	-2.12%	7.22%	-5.08%	9.39%	0.85%	23.97%	-8.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.40%	47.50%	56.89%	46.49%	48.42%	23.31%	52.18%	41.76%	46.14%	57.74%	70.85%
EBITDA Margin	-1,055.59%	-2,092.77%	-310.42%	-283.09%	-470.83%	-600.51%	-702.47%	-930.33%	-559.00%	-395.05%	-745.76%
Operating Margin	-1,060.54%	-2,086.29%	-312.05%	-290.21%	-479.70%	-826.18%	-699.71%	-936.26%	-562.70%	-1,008.25%	-742.07%
EBIT Margin	-1,055.59%	-2,092.77%	-310.42%	-283.09%	-470.83%	-600.51%	-702.47%	-930.33%	-559.00%	-395.05%	-745.76%
Profit (Net Income) Margin	-1,515.89%	-2,445.59%	-248.86%	-260.24%	-415.04%	-444.76%	-541.13%	-690.99%	-387.30%	-269.67%	-589.30%
Tax Burden Percent	138.36%	114.65%	100.00%	100.00%	100.00%	101.58%	100.00%	100.00%	100.00%	99.11%	100.00%
Interest Burden Percent	103.79%	101.92%	80.17%	91.93%	88.15%	72.91%	77.03%	74.27%	69.28%	68.87%	79.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-1,087.31%	-96.68%	-100.85%	-833.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3,088.63%	-93.30%	-93.35%	-830.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-102.16%	42.41%	44.87%	764.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-206.72%	-1,189.47%	-54.27%	-55.98%	-69.55%	-21.55%	-19.87%	-21.38%	-18.69%	-11.20%	-11.05%
Cash Return on Invested Capital (CROIC)	29.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-328.52%	-39.26%	-36.57%	-48.41%	-31.52%	-30.47%	-34.05%	-17.97%	-8.56%	-16.95%
Return on Assets (ROA)	0.00%	-383.90%	-31.47%	-33.62%	-42.67%	-23.35%	-23.47%	-25.29%	-12.45%	-5.84%	-13.40%
Return on Common Equity (ROCE)	-206.72%	-1,189.47%	-54.27%	-55.98%	-69.55%	-21.55%	-19.87%	-21.38%	-18.69%	-11.20%	-11.05%
Return on Equity Simple (ROE_SIMPLE)	-620.29%	0.00%	-347.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-9.29	-14	-2.01	-2.05	-2.23	-3.42	-3.37	-2.98	-2.45	-5.56	-2.82
NOPAT Margin	-742.38%	-1,460.40%	-218.44%	-203.15%	-335.79%	-578.33%	-489.80%	-655.38%	-393.89%	-705.77%	-519.45%
Net Nonoperating Expense Percent (NNEP)	282.39%	-4,175.95%	-3.38%	-7.51%	-3.21%	1.41%	-0.54%	-0.26%	0.06%	3.22%	-0.36%
Return On Investment Capital (ROIC_SIMPLE)	-	210.74%	-13.76%	-14.58%	-7.67%	-3.19%	-3.25%	-2.96%	-2.49%	-5.77%	-3.02%
Cost of Revenue to Revenue	49.60%	52.50%	43.11%	53.51%	51.58%	76.69%	47.82%	58.24%	53.86%	42.26%	29.15%
SG&A Expenses to Revenue	238.42%	253.45%	268.30%	227.40%	343.01%	578.04%	503.49%	613.19%	371.06%	854.44%	498.71%
R&D to Revenue	83.23%	45.27%	52.55%	49.06%	92.03%	113.68%	118.17%	213.19%	109.16%	88.96%	161.99%
Operating Expenses to Revenue	1,110.94%	2,133.79%	368.95%	336.70%	528.12%	849.49%	751.89%	978.02%	608.84%	1,065.99%	812.92%
Earnings before Interest and Taxes (EBIT)	-13	-20	-2.86	-2.86	-3.13	-3.56	-4.83	-4.23	-3.48	-3.11	-4.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-13	-20	-2.86	-2.86	-3.13	-3.56	-4.83	-4.23	-3.48	-3.11	-4.04
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.28	0.00	4.92	3.22	1.33	0.96	0.57	0.64	0.56	0.39	0.38
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.92	3.22	1.33	0.97	0.57	0.64	0.57	0.39	0.38
Price to Revenue (P/Rev)	0.00	2.30	16.31	11.01	10.96	32.43	20.13	26.64	23.55	14.63	14.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	2.51	11.42	6.07	0.92	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	3.50	7.80	11.06	12.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	-0.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.17	-0.03	-0.45	-0.48	-0.92	-1.17	-1.11	-1.10	-1.09	-1.05	-1.06
Leverage Ratio	2.45	4.59	1.91	2.00	1.93	1.27	1.15	1.14	1.15	1.16	1.08
Compound Leverage Factor	2.54	4.67	1.53	1.83	1.70	0.93	0.89	0.85	0.80	0.80	0.85
Debt to Total Capital	45.91%	-75.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	45.91%	-75.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.09%	175.69%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.22	-0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.11	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.27	-0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-0.13	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-15.84	-73.68	-12.63	-15.16	-7.96	5.39	1.28	2.00	1.31	-1.96	-0.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.30	0.30	2.77	2.82	3.80	17.63	15.41	17.40	17.03	5.03	16.95
Quick Ratio	0.21	0.27	2.71	2.78	3.50	17.56	15.31	17.30	16.92	4.22	16.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	18	20	32	27	13	-7.75	-4.09	-3.60	-3.25	-7.24	-4.44
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	36.69	52.23	0.00	3,390.28	1,344.00	-861.41	-454.31	-719.40	-360.67	-804.50	-493.49
Operating Cash Flow to Interest Expense	-6.60	-6.77	0.00	-334.38	-238.50	-301.33	-370.56	-691.00	-275.67	-355.11	-303.00
Operating Cash Flow Less CapEx to Interest Expense	-6.60	-6.77	0.00	-334.38	-238.50	-301.33	-370.56	-691.00	-275.67	-355.11	-303.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.16	0.13	0.13	0.10	0.05	0.04	0.04	0.03	0.02	0.02
Accounts Receivable Turnover	0.00	6.98	4.80	4.50	3.32	7.72	4.43	3.55	3.30	8.86	4.11
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	41.66	36.59	37.67	36.85	99.66	107.49	102.13	117.85	145.89	166.00
Accounts Payable Turnover	0.00	0.42	0.35	0.31	0.28	0.30	0.36	0.33	0.35	0.52	0.33
Days Sales Outstanding (DSO)	0.00	52.31	76.04	81.18	109.92	47.27	82.36	102.73	110.57	41.18	88.79
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	876.77	1,030.98	1,167.80	1,310.40	1,219.12	1,000.96	1,096.84	1,049.47	697.61	1,121.60
Cash Conversion Cycle (CCC)	0.00	-824.46	-954.94	-1,086.62	-1,200.48	-1,171.85	-918.60	-994.10	-938.91	-656.43	-1,032.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9.26	-10	-6.97	-6.28	-6.41	-5.95	-6.25	-5.66	-5.62	-4.27	-4.63
Invested Capital Turnover	0.00	0.74	0.44	0.50	2.48	-0.39	-0.45	-0.40	-0.39	-0.50	-0.44
Increase / (Decrease) in Invested Capital	-28	-34	-34	-29	-16	4.33	0.72	0.62	0.80	1.68	1.63
Enterprise Value (EV)	24	12	50	25	3.24	-9.56	-50	-42	-48	-63	-62
Market Capitalization	22	11	72	45	39	103	60	64	56	37	36
Book Value per Share	$0.05	($0.08)	$1.82	$1.70	$2.57	$5.39	$5.14	$4.99	$4.87	$4.77	$4.62
Tangible Book Value per Share	($0.10)	($0.08)	$1.82	$1.70	$2.57	$5.38	$5.13	$4.99	$4.86	$4.77	$4.62
Total Capital	12	-6.52	15	14	29	107	104	101	98	96	93
Total Debt	5.56	4.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	2.71	1.00	-22	-20	-36	-113	-110	-106	-104	-101	-98
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-10	-11	-7.11	-6.40	-6.25	-5.67	-5.84	-5.22	-5.10	-4.35	-4.63
Debt-free Net Working Capital (DFNWC)	-7.16	-6.61	14	14	29	107	104	101	99	96	93
Net Working Capital (NWC)	-13	-12	14	14	29	107	104	101	99	96	93
Net Nonoperating Expense (NNE)	9.68	9.27	0.28	0.58	0.53	-0.79	0.35	0.16	-0.04	-3.44	0.38
Net Nonoperating Obligations (NNO)	2.71	1.18	-22	-20	-36	-113	-110	-106	-104	-101	-98
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-218.13%	-161.26%	-155.20%	-176.51%	-177.67%	-197.70%	-217.50%	-216.21%	-170.19%	-192.15%
Debt-free Net Working Capital to Revenue	0.00%	-136.71%	327.90%	338.59%	827.93%	3,364.94%	3,514.04%	4,210.17%	4,186.98%	3,769.76%	3,873.49%
Net Working Capital to Revenue	0.00%	-238.87%	327.90%	338.59%	827.93%	3,364.94%	3,514.04%	4,210.17%	4,186.98%	3,769.76%	3,873.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($8.00)	($483.50)	$0.00	$0.00	$0.00	($0.24)	($0.18)	($0.16)	($0.12)	($0.11)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	2.40M	47.60K	6.86B	8.30M	11.10M	10.97M	20.17M	20.17M	20.18M	20.18M	20.19M
Adjusted Diluted Earnings per Share	($8.00)	($483.50)	$0.00	$0.00	$0.00	($0.24)	($0.18)	($0.16)	($0.12)	($0.11)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	2.40M	47.60K	6.86B	8.30M	11.10M	10.97M	20.17M	20.17M	20.18M	20.18M	20.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	($483.50)	$0.00	$0.00	$0.00	($0.24)	$0.00	$0.00	$0.00	($0.11)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.71M	160.54K	8.27M	11.34M	19.89M	20.17M	20.17M	20.19M	20.19M	20.19M	20.45M
Normalized Net Operating Profit after Tax (NOPAT)	-2.96	-14	-2.01	-2.05	-2.23	-3.42	-3.37	-2.98	-2.45	-5.56	-2.82
Normalized NOPAT Margin	-236.78%	-1,460.40%	-218.44%	-203.15%	-335.79%	-578.33%	-489.80%	-655.38%	-393.89%	-705.77%	-519.45%
Pre Tax Income Margin	-1,095.61%	-2,133.05%	-248.86%	-260.24%	-415.04%	-437.84%	-541.13%	-690.99%	-387.30%	-272.08%	-589.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-26.38	-51.96	0.00	-357.75	-313.10	-395.00	-537.00	-846.60	-386.33	-345.89	-449.11
NOPAT to Interest Expense	-18.55	-36.26	0.00	-256.73	-223.30	-380.41	-374.42	-596.40	-272.22	-617.94	-312.82
EBIT Less CapEx to Interest Expense	-26.38	-51.96	0.00	-357.75	-313.10	-395.00	-537.00	-846.60	-386.33	-345.89	-449.11
NOPAT Less CapEx to Interest Expense	-18.55	-36.26	0.00	-256.73	-223.30	-380.41	-374.42	-596.40	-272.22	-617.94	-312.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1.23%	-0.95%	-0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Phunware Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Phunware's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Phunware's net income appears to be on an upward trend, with a most recent value of -$11.40 million in 2025, rising from -$90.19 thousand in 2016. The previous period was -$10.32 million in 2024. Find out what analysts predict for Phunware in the coming months.

Phunware's total operating income in 2025 was -$20.52 million, based on the following breakdown:

Total Gross Profit: $1.29 million
Total Operating Expenses: $21.81 million

Over the last 8 years, Phunware's total revenue changed from $0.00 in 2016 to $2.55 million in 2025, a change of 255,300,000.0%.

Phunware's total liabilities were at $24.55 million at the end of 2025, a 223.1% increase from 2024, and a 1,282.8% increase since 2016.

In the past 8 years, Phunware's cash and equivalents has ranged from $117.21 thousand in 2017 to $112.97 million in 2024, and is currently $100.59 million as of their latest financial filing in 2025.

Over the last 9 years, Phunware's book value per share changed from 0.55 in 2016 to 4.77 in 2025, a change of 759.8%.

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Financial statements for NASDAQ:PHUN last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Phunware (PHUN) Financials

Financials Breakdown Chart

Phunware Financials - Frequently Asked Questions

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Phunware (PHUN) Financials

Annual Income Statements for Phunware

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Financials Breakdown Chart

Phunware Financials - Frequently Asked Questions

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