Phunware, Inc. (PHUN) Stock

Phunware, Inc. (PHUN) is a Technology stock trading at $2.07 (as of 2026-08-20), with a market capitalization of $42.33M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Phunware, Inc. provides a cloud-based platform for managing and monetizing mobile application portfolios. Its offerings include SDK-based analytics, content management, messaging/notifications, marketing automation, advertising, and location-based services, along with integration, custom application development and support, and vertical mobile solutions for industries such as healthcare, retail, sports, and others.

Understand Phunware, Inc.: how it makes money

Phunware provides a cloud-based mobile software platform (including SDK licensing, analytics, and content management) that helps companies engage, manage, and monetize their mobile application portfolios, generating revenue from platform related offerings such as software subscriptions and services, and potentially from application transaction revenue.

The platform business model depends on converting how widely the software is deployed (installed base) and how the apps are used (engagement and transactions) into recurring paid software subscriptions and services, while maintaining enough operating discipline to avoid large operating losses.

Revenue by segment (latest quarter)
Software Subscriptions$0.0B
App Transactions$0.0B

Business quality (Weak): The product description is clear, but the latest-quarter revenue is reported as 0.0B, which limits how much can be concluded from financial performance; operating margin is heavily negative in the same period.

Bull case

  • Large installed base: Funware Identifier Installed Base (Devices Worldwide) is reported at 15,000,000,000 devices.
  • Retention signal: Customer Retention Rate is reported at 95.0 percent.
  • Ongoing go-to-market and delivery activity: New Partners in Development is reported at 37, and Support and Maintenance Mobile Application Updates Deployed is reported at 6.

Bear case

  • No reported revenue in the latest quarter: Revenue is reported as 0.0B for the period ended 2026-03-31.
  • Very large operating loss: Operating margin is reported at -742.1 percent for the same period.
  • Transaction monetization appears absent in the latest quarter: Application Transaction Revenue is reported as 0.0B.
Valuation — source: SEC EDGAR (first-party)
Price$2.07
Market Cap$42.33M
Price / Book0.45
Price / Sales17.58
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.55M
Net Margin-446.6%
Revenue Growth (YoY)-21.2%
EPS Growth (YoY)-11.1%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.32 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.86M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOJeremy Krol
Employees29
CountryUS
IPO Date2016-10-28

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PHUN earnings history · PHUN institutional & insider holders · PHUN KPIs & operating metrics · PHUN financials · PHUN investor presentations & press releases · PHUN SEC filings · PHUN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.