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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Phunware, Inc. reported first quarter ended March 31, 2026 results: revenue $0.5 million, net income $3.2 million, EPS ($0.16).

Period: first quarter ended March 31, 2026
Revenue: $0.5 million
Net income: $3.2 million
EPS: ($0.16)
Result: reported results

Exact text from the filing

Net revenue decreased 21% to $0.5 million in Q1 2026, as compared to $0.7 million in Q1 2025. • Gross margin improved to 70.8% in Q1 2026, as compared to 52.2% in Q1 2025. • Net loss improved to $3.2 million in Q1 2026, as compared to a net loss of $3.7 million in the previous year period. • Net loss per basic and diluted share was ($0.16) in Q1 2026, as compared to ($0.18) per basic and diluted share in Q1 2025.

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Source: SEC EDGAR

accession 0001193125-26-212181

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