Phunware (NASDAQ:PHUN) today announced its financial results for the fourth quarter and full year ended December 31, 2025, highlighting a pivotal transition from legacy advertising toward a high-margin, mobile-first hospitality ecosystem.
The company reported fourth-quarter revenue of $0.8 million, a 33% increase compared to $0.6 million in the prior-year period.
This growth was accompanied by a robust Q4 gross margin of 57.7%, reflecting an improved product mix as the company scales its software-as-a-service (SaaS) offerings.
For the full year 2025, total revenue reached $2.6 million, down from $3.2 million in 2024, as the company intentionally phased out lower-margin business lines to focus on its core hospitality platform.
The net loss for the year was $11.4 million, or ($0.57) per share.
Despite the loss, Phunware enters 2026 with an exceptionally strong balance sheet, boasting $100.6 million in cash and cash equivalents as of December 31, providing a significant runway for research and development and potential strategic acquisitions.