Phunware, Inc. (NASDAQ: PHUN), the Austin, Texas-based enterprise cloud platform for mobile-first software products, solutions, data, and services to enable customers to engage, manage, and monetize their global audiences, today reported financial results for the fourth quarter and year ended December 31, 2025.
Net revenue increased 33% to $0.8 million in Q4 2025, as compared to $0.6 million in Q4 2024.
Gross margin improved to 57.7% in Q4 2025, as compared to 23.3% in Q4 2024, a 3,443 basis point improvement.
Net loss improved to $2.1 million in Q4 2025, as compared to a net loss of $2.6 million in the previous year period.
Net loss per basic and diluted share was ($0.11) in Q4 2025, as compared to ($0.15) per basic and diluted share in Q4 2024.
FY 2025 net revenue decreased to $2.6 million from $3.2 million in FY 2024.
FY 2025 gross margin increased 500 basis points to 50.6%, as compared to 45.6% in the prior year period.
FY 2025 net loss was $11.4 million, or ($0.57) per basic and diluted share, compared to a net loss of $10.3 million, or ($0.94) per basic and diluted share in FY 2024.
Net cash used in operations decreased to $12.5 million for the year ended December 31, 2025, as compared to $13.3 million for the previous year period.
PHUN shares dipped two cents, or 1.1%, to $1.78.
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