Phunware Q1 revenue down 21% to $0.5M; net loss improves to $3.2M, cash $97.9M

Phunware, Inc.

2026-Q1 EPS reported -$0.16 revenue$542,000

Net revenue $0.5M, down 21% YoY from $0.7M; gross margin improved to 70.8% from 52.2%.
Net loss $3.2M ($0.16 per share) improved from $3.7M ($0.18) in Q1 2025; cash from ops $2.7M.
Cash and equivalents $97.9M, no debt; plans to invest in R&D, IP, and growth opportunities.
Launched two hospitality product tiers and AI Concierge for commercial sale; legacy litigation settled.
Interim CEO cites focus on product foundation and commercial rebuild for renewed bookings in 2026.

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