Phunware, Inc., operating alongside its subsidiaries, delivers an integrated software platform designed to empower companies globally and within the United States. Its primary aim is to provide clients with the tools, solutions, and services needed to effectively engage with, manage, and ultimately generate revenue from their diverse mobile application portfolios. Central to the company's offerings is cloud-based mobile software, which is licensed to customers in the form of Software Development Kits (SDKs) for integration into existing mobile applications. These SDKs include a wide array of functionalities: Analytics: Offering valuable data on application usage and user engagement. Content Management: Enabling administrators to easily create and manage app content through a cloud-based portal. Communication Tools: Providing robust alerts, notifications, and messaging capabilities. Marketing Automation: Facilitating location-triggered messages and streamlined workflows. Advertising: Offering solutions for ad placement and management. Location-Based Services: Encompassing mapping, navigation, wayfinding, workflow management, asset tracking, and policy enforcement. Beyond the core SDKs, Phunware also offers services for integrating its SDK licenses into client applications, alongside custom application development and ongoing support. The company further provides specialized, cloud-based solutions tailored for specific industries such as healthcare, retail, sports, aviation, real estate, hospitality, and education. Additionally, Phunware facilitates various application transactions, including both recurring and one-time media purchases aimed at enhancing app discovery, user acquisition, audience building, engagement, and monetization efforts. In a distinct offering, Phunware also supplies pre-assembled and custom-built high-performance personal computer systems, catering to enthusiasts involved in gaming, streaming, and cryptocurrency mining. Established in 2009, Phunware's corporate headquarters are located in Austin, Texas.
Phunware Reports Second Quarter 2026 Financial Results
Phunware reported Q2 2026 revenue of $0.8 million, up 76% year-over-year, while gross margin expanded significantly to 69%.
Net loss widened to $5.2 million, or $0.26 per share, attributed to increased investments in product and sales under the new 2.0 Strategy, though the company maintains a debt-free balance sheet with $92.1 million in cash.
Under new CEO Dmitry Kroshka, the company appointed new sales leadership and is advancing its AI-enabled Guest Intelligence Platform, featuring the commercially deployed AI Concierge and the forthcoming AI Itinerary Builder.