Phunware, Inc.
PHUN · Price history
Price at last available close
$1.89
−$0.11 (-5.50%) 1M
2026-10-28
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Company & revenue
About Phunware, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Phunware, Inc., operating alongside its subsidiaries, delivers an integrated software platform designed to empower companies globally and within the United States. Its primary aim is to provide clients with the tools, solutions, and services needed to effectively engage with, manage, and ultimately generate revenue from their diverse mobile application portfolios. Central to the company's offerings is cloud-based mobile software, which is licensed to customers in the form of Software Development Kits (SDKs) for integration into existing mobile applications.
How they make money
Phunware operates a fully integrated enterprise cloud platform for mobile that enables brands to engage, manage, and monetize their mobile application audiences. The company generates revenue through a combination of mobile application software subscriptions, service offerings, and advertising services that facilitate user acquisition and audience engagement.
Products & services
Phunware provides a cloud-based vertical solution application framework, Software Development Kits (SDKs) for mobile app development, customized development services, and an integrated mobile advertising platform.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Geographic revenue
Customer concentration
For the year ended December 31, 2025, two customers collectively represented 36% of net revenues.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
- Over a decade of vertical-solution specific mobile application experienceSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
39
Poor
Financial Strength
69
Business Quality / Moat
0
Management
60
Growth Quality
44
Risk / Durability
1
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
47
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
55/100
Building Historical Record
Model Score 55/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Material dilution — approximately 83.9% share-count growth
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for PHUN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can PHUN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can PHUN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is PHUN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for PHUN to reach sustainable profitability?
- •What future growth or profitability would be needed to justify PHUN's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Opportunity Score
47
Market Cap
$38.5M
P/E Ratio
-3.2
EPS
$-0.65
52-Week High
$3.04
52-Week Low
$1.56
Beta
2.63
Analyst Target
$4.50
Shares Outstanding
20.2M
Total Revenue
$2.8M
Total Debt
$453K
Dividend
No current dividend
Liquidation Value / Share
$4.39
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PHUN
Detected from reported data — verify before acting.Material dilution — approximately 83.9% share-count growth
Diluted shares outstanding grew ~83.9% year-over-year. Substantial dilution reduces per-share value and can signal financing stress. Wall Street Score is capped.
Debt service risk
Interest coverage is low (~-641.2x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on PHUN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Over a decade of vertical-solution specific mobile application experience.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Uncertainty regarding whether digital assets constitute a security.
- −Material concentration of revenue with a small number of customers.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
29
Oct 1, 2026
Change
Unchanged
Current Score
29
Oct 12, 2026
Category Changes
PHUN score was unchanged.
Projected Score
Projected Score
41
Projected Change
+11.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 11.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.88
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M | $2.6M | $3.2M | $4.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.1M | $1.3M | $1.7M | $3.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.7M | $1.3M | $1.5M | $1.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $3.7M | $3.2M | $2.3M | $4.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $19.5M | $18.6M | $13.1M | $17.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $23.2M | $21.8M | $15.3M | $47.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$12.9M | -$11.3M | -$10.1M | -$40.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$21.5M | -$20.5M | -$13.9M | -$45.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $64K | $32K | $135K | $1.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$13.0M | -$11.4M | -$10.3M | -$41.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $19K | $19K | $41K | $29K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$13.0M | -$11.4M | -$10.3M | -$52.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.65 | $-0.57 | $-0.94 | $-22.18 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 20.43M | 20.18M | 10.97M | 2.38M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 20.43M | 20.18M | 10.97M | 2.38M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$799000
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.26
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-41.9%
Cash Change
-13.3%
Margin Change
+34.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 75.6%. EPS increased 62.5%. Cash declined 13.3%. Total debt declined 41.9%. Net income margin improved by 34.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Contrasting Braze (NASDAQ:BRZE) & Phunware (NASDAQ:PHUN)
Phunware revenue jumps as company invests in AI-led growth strategy
Rumor Mill · PHUN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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