---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-212181"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:50:25.091968+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-212181
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/0001193125-26-212181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/phun-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-212181
- JSON: https://secwatch.observer/filing/0001193125-26-212181.json
- Plain text: https://secwatch.observer/filing/0001193125-26-212181.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/0001193125-26-212181-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.