Phunware Inc (PHUN) - Net Assets
Based on the latest financial reports, Phunware Inc (PHUN) has net assets worth $93.23 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($99.73 Million) and total liabilities ($6.49 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Phunware Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $93.23 Million |
| % of Total Assets | 93.49% |
| Annual Growth Rate | 3.71% |
| 5-Year Change | 47.55% |
| 10-Year Change | 1118.59% |
| Growth Volatility | 73.03 |
Phunware Inc - Net Assets Trend (2016–2025)
This chart illustrates how Phunware Inc's net assets have evolved over time, based on quarterly financial data. See Phunware Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Phunware Inc (2016–2025)
The table below shows the annual net assets of Phunware Inc from 2016 to 2025. For live valuation and market cap data, see market cap of Phunware Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $96.32 Million | -10.14% |
| 2024-12-31 | $107.18 Million | +1035.52% |
| 2023-12-31 | $-11.46 Million | -146.05% |
| 2022-12-31 | $24.88 Million | -61.88% |
| 2021-12-31 | $65.28 Million | +3398.48% |
| 2020-12-31 | $-1.98 Million | -149.16% |
| 2019-12-31 | $4.03 Million | -30.91% |
| 2018-12-31 | $5.83 Million | -65.03% |
| 2018-11-30 | $16.66 Million | +110.80% |
| 2017-12-31 | $7.90 Million | -88.53% |
| 2017-11-30 | $68.88 Million | -0.44% |
| 2016-12-31 | $69.19 Million | 0.00% |
| 2016-11-30 | $69.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phunware Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 32463081000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $421.04 Million | 437.14% |
| Total Equity | $96.32 Million | 100.00% |
Phunware Inc Competitors by Market Cap
The table below lists competitors of Phunware Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3S KOREA Co. Ltd
KQ:060310
|
$39.47 Million |
|
Abnova Taiwan Corp
TW:4133
|
$39.49 Million |
|
DRGEM Corporation
KQ:263690
|
$39.50 Million |
|
Bestec Power Electronics Co Ltd
TW:3308
|
$39.51 Million |
|
LFE Corporation Bhd
KLSE:7170
|
$39.45 Million |
|
KB No.2 Special Purpose Acq
KQ:192250
|
$39.45 Million |
|
Megastar Foods Limited
NSE:MEGASTAR
|
$39.43 Million |
|
Choice Development Inc
TW:9929
|
$39.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phunware Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 107,183,000 to 96,317,000, a change of -10,866,000 (-10.1%).
- Net loss of 11,401,000 reduced equity.
- New share issuances of 80,000 increased equity.
- Other comprehensive income increased equity by 418,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.40 Million | -11.84% |
| Share Issuances | $80.00K | +0.08% |
| Other Comprehensive Income | $418.00K | +0.43% |
| Other Changes | $37.00K | +0.04% |
| Total Change | $- | -10.14% |
Book Value vs Market Value Analysis
This analysis compares Phunware Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $1652.15 | $1.93 | x |
| 2017-12-31 | $15.96 | $1.93 | x |
| 2018-12-31 | $11.40 | $1.93 | x |
| 2019-12-31 | $5.46 | $1.93 | x |
| 2020-12-31 | $-2.24 | $1.93 | x |
| 2021-12-31 | $43.26 | $1.93 | x |
| 2022-12-31 | $12.57 | $1.93 | x |
| 2023-12-31 | $-4.81 | $1.93 | x |
| 2024-12-31 | $9.77 | $1.93 | x |
| 2025-12-31 | $4.77 | $1.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phunware Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -446.57%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.25x
- Recent ROE (-11.84%) is above the historical average (-112.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.13% | -0.19% | 0.67x | 1.03x | $-7.01 Million |
| 2017 | -328.16% | -97.07% | 0.79x | 4.30x | $-26.73 Million |
| 2018 | -168.23% | -31.74% | 0.84x | 6.33x | $-10.39 Million |
| 2019 | -319.70% | -67.21% | 0.66x | 7.22x | $-13.27 Million |
| 2020 | 0.00% | -221.97% | 0.31x | 0.00x | $-22.00 Million |
| 2021 | -81.99% | -502.88% | 0.11x | 1.50x | $-60.05 Million |
| 2022 | -204.55% | -780.46% | 0.11x | 2.28x | $-53.38 Million |
| 2023 | 0.00% | -1092.40% | 0.72x | 0.00x | $-51.64 Million |
| 2024 | -9.62% | -323.49% | 0.03x | 1.07x | $-21.03 Million |
| 2025 | -11.84% | -446.57% | 0.02x | 1.25x | $-21.03 Million |
Industry Comparison
This section compares Phunware Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $961,395,124
- Average return on equity (ROE) among peers: -36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phunware Inc (PHUN) | $93.23 Million | -0.13% | 0.07x | $39.46 Million |
| Adobe Systems Incorporated (ADBE) | $616.97 Million | 33.33% | 0.51x | $79.34 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $87.45 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $40.93 Billion |
| AudioEye Inc (AEYE) | $1.57 Million | -497.00% | 4.84x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $20.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $311.26 Million |
About Phunware Inc
Phunware, Inc., together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. It operates through two segments: software subscriptions and services and advertising. The company offers cloud-based prepackaged vertical… Read more