Smith Micro Software Inc (SMSI) - Net Assets
Based on the latest financial reports, Smith Micro Software Inc (SMSI) has net assets worth $19.89 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.13 Million) and total liabilities ($7.24 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 financial resilience of Smith Micro Software Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.89 Million |
| % of Total Assets | 73.32% |
| Annual Growth Rate | 9.61% |
| 5-Year Change | -30.59% |
| 10-Year Change | 190.57% |
| Growth Volatility | 150.38 |
Smith Micro Software Inc - Net Assets Trend (1994–2024)
This chart illustrates how Smith Micro Software Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Smith Micro Software Inc for the complete picture of this company's asset base.
Annual Net Assets for Smith Micro Software Inc (1994–2024)
The table below shows the annual net assets of Smith Micro Software Inc from 1994 to 2024. For live valuation and market cap data, see Smith Micro Software Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $40.76 Million | -45.94% |
| 2023-12-31 | $75.39 Million | -1.29% |
| 2022-12-31 | $76.38 Million | -24.05% |
| 2021-12-31 | $100.56 Million | +71.27% |
| 2020-12-31 | $58.72 Million | +20.61% |
| 2019-12-31 | $48.68 Million | +136.76% |
| 2018-12-31 | $20.56 Million | +350.25% |
| 2017-12-31 | $4.57 Million | +49.30% |
| 2016-12-31 | $3.06 Million | -78.19% |
| 2015-12-31 | $14.03 Million | -5.88% |
| 2014-12-31 | $14.90 Million | -17.99% |
| 2013-12-31 | $18.17 Million | -57.41% |
| 2012-12-31 | $42.66 Million | -34.22% |
| 2011-12-31 | $64.86 Million | -70.28% |
| 2010-12-31 | $218.26 Million | +16.11% |
| 2009-12-31 | $187.98 Million | +13.65% |
| 2008-12-31 | $165.40 Million | +7.05% |
| 2007-12-31 | $154.51 Million | +22.57% |
| 2006-12-31 | $126.06 Million | +223.58% |
| 2005-12-31 | $38.96 Million | +251.00% |
| 2004-12-31 | $11.10 Million | +98.55% |
| 2003-12-31 | $5.59 Million | -0.39% |
| 2002-12-31 | $5.61 Million | -10.95% |
| 2001-12-31 | $6.30 Million | -49.29% |
| 2000-12-31 | $12.43 Million | -9.95% |
| 1999-12-31 | $13.80 Million | -24.18% |
| 1998-12-31 | $18.20 Million | -9.90% |
| 1997-12-31 | $20.20 Million | -7.34% |
| 1996-12-31 | $21.80 Million | +7.92% |
| 1995-12-31 | $20.20 Million | +676.92% |
| 1994-12-31 | $2.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smith Micro Software 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 13740.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.00K | 0.04% |
| Other Components | $395.38 Million | 970.12% |
| Total Equity | $40.76 Million | 100.00% |
Smith Micro Software Inc Competitors by Market Cap
The table below lists competitors of Smith Micro Software Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cyclerion Therapeutics Inc
NASDAQ:CYCN
|
$12.51 Million |
|
Schweizer Electronic AG
F:SCE
|
$12.52 Million |
|
Straker Ltd
AU:STG
|
$12.52 Million |
|
Spring Art Holdings Bhd
KLSE:0216
|
$12.52 Million |
|
Zantat Holdings Berhad
KLSE:0301
|
$12.51 Million |
|
Pursuit Minerals Ltd
AU:PUR
|
$12.51 Million |
|
Avecho Biotechnology Limited
F:OEZ
|
$12.51 Million |
|
Magna Terra Minerals Inc
V:MTT
|
$12.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smith Micro Software Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 75,390,000 to 40,756,000, a change of -34,634,000 (-45.9%).
- Net loss of 48,697,000 reduced equity.
- New share issuances of 9,839,000 increased equity.
- Other factors increased equity by 4,224,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-48.70 Million | -119.48% |
| Share Issuances | $9.84 Million | +24.14% |
| Other Changes | $4.22 Million | +10.36% |
| Total Change | $- | -45.94% |
Book Value vs Market Value Analysis
This analysis compares Smith Micro Software 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: 0.26x
- 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 decreased from 1.09x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $0.80 | $0.87 | x |
| 1995-12-31 | $6.28 | $0.87 | x |
| 1996-12-31 | $5.81 | $0.87 | x |
| 1997-12-31 | $5.39 | $0.87 | x |
| 1998-12-31 | $4.83 | $0.87 | x |
| 1999-12-31 | $3.57 | $0.87 | x |
| 2000-12-31 | $3.11 | $0.87 | x |
| 2001-12-31 | $1.55 | $0.87 | x |
| 2002-12-31 | $1.38 | $0.87 | x |
| 2003-12-31 | $1.35 | $0.87 | x |
| 2004-12-31 | $2.41 | $0.87 | x |
| 2005-12-31 | $6.83 | $0.87 | x |
| 2006-12-31 | $19.91 | $0.87 | x |
| 2007-12-31 | $19.94 | $0.87 | x |
| 2008-12-31 | $21.36 | $0.87 | x |
| 2009-12-31 | $22.86 | $0.87 | x |
| 2010-12-31 | $25.22 | $0.87 | x |
| 2011-12-31 | $7.28 | $0.87 | x |
| 2012-12-31 | $4.76 | $0.87 | x |
| 2013-12-31 | $15.72 | $0.87 | x |
| 2014-12-31 | $11.73 | $0.87 | x |
| 2015-12-31 | $9.77 | $0.87 | x |
| 2016-12-31 | $2.05 | $0.87 | x |
| 2017-12-31 | $2.71 | $0.87 | x |
| 2018-12-31 | $7.37 | $0.87 | x |
| 2019-12-31 | $10.53 | $0.87 | x |
| 2020-12-31 | $10.98 | $0.87 | x |
| 2021-12-31 | $15.70 | $0.87 | x |
| 2022-12-31 | $11.03 | $0.87 | x |
| 2023-12-31 | $9.29 | $0.87 | x |
| 2024-12-31 | $3.30 | $0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smith Micro Software 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): -119.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -236.91%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.18x
- Recent ROE (-119.48%) is below the historical average (-47.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 65.38% | 16.35% | 3.25x | 1.23x | $1.44 Million |
| 1995 | 27.23% | 30.56% | 0.76x | 1.17x | $3.48 Million |
| 1996 | -6.88% | -6.79% | 0.92x | 1.11x | $-3.68 Million |
| 1997 | -7.92% | -13.68% | 0.54x | 1.08x | $-3.62 Million |
| 1998 | -10.99% | -21.05% | 0.46x | 1.14x | $-3.82 Million |
| 1999 | -44.20% | -57.01% | 0.67x | 1.15x | $-7.48 Million |
| 2000 | -25.39% | -22.97% | 0.90x | 1.23x | $-4.40 Million |
| 2001 | -97.19% | -56.91% | 1.16x | 1.47x | $-6.76 Million |
| 2002 | -12.26% | -9.65% | 1.05x | 1.21x | $-1.25 Million |
| 2003 | -16.51% | -12.79% | 1.10x | 1.18x | $-1.48 Million |
| 2004 | 31.04% | 25.87% | 1.04x | 1.16x | $2.34 Million |
| 2005 | 12.13% | 23.32% | 0.47x | 1.10x | $828.30K |
| 2006 | 7.10% | 16.44% | 0.42x | 1.04x | $-3.65 Million |
| 2007 | 2.05% | 4.31% | 0.45x | 1.05x | $-12.29 Million |
| 2008 | -0.44% | -0.74% | 0.56x | 1.07x | $-17.27 Million |
| 2009 | 2.53% | 4.43% | 0.52x | 1.10x | $-14.05 Million |
| 2010 | 5.66% | 9.46% | 0.56x | 1.08x | $-9.48 Million |
| 2011 | -246.08% | -276.29% | 0.72x | 1.23x | $-166.09 Million |
| 2012 | -59.69% | -58.77% | 0.80x | 1.28x | $-29.73 Million |
| 2013 | -153.83% | -65.50% | 1.35x | 1.74x | $-29.77 Million |
| 2014 | -79.18% | -31.91% | 1.35x | 1.84x | $-13.29 Million |
| 2015 | -18.55% | -6.59% | 1.61x | 1.74x | $-4.00 Million |
| 2016 | -501.57% | -54.34% | 1.97x | 4.68x | $-15.65 Million |
| 2017 | -145.85% | -28.99% | 1.66x | 3.04x | $-7.12 Million |
| 2018 | -13.32% | -10.42% | 1.04x | 1.23x | $-4.80 Million |
| 2019 | 22.02% | 24.74% | 0.71x | 1.26x | $5.85 Million |
| 2020 | 7.09% | 8.12% | 0.70x | 1.24x | $-1.71 Million |
| 2021 | -30.87% | -53.14% | 0.51x | 1.14x | $-41.10 Million |
| 2022 | -38.33% | -60.35% | 0.47x | 1.36x | $-36.92 Million |
| 2023 | -32.36% | -59.70% | 0.48x | 1.14x | $-31.93 Million |
| 2024 | -119.48% | -236.91% | 0.43x | 1.18x | $-52.77 Million |
Industry Comparison
This section compares Smith Micro Software Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smith Micro Software Inc (SMSI) | $19.89 Million | 65.38% | 0.36x | $12.51 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Smith Micro Software Inc
Smith Micro Software, Inc. develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath OS, SafePath Kids, SafePath Family, SafePath Global, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyl… Read more