olivLaw · US equity research
Phunware, Inc. PHUN
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Phunware provides cloud software for mobile apps, focused on hospitality and healthcare, and in 2026 is reorienting its strategy toward an AI-enabled guest intelligence platform. The company still reports losses, but a strong cash position gives it flexibility during the transition, with net revenue of $0.8 million in the second quarter of 2026.
At the close of 04 Nov 2026, Phunware, Inc. (PHUN) stock was 1.79 USD (+1.13% on the day), with market capitalisation 36.6 m USD, dividend yield 0.00%, beta 1.73, 52-week range 1.60–2.36 USD. Latest reported quarter (Q2 2026): revenue of 799.0 k USD (+75.6% YoY), net income of -5.2 m USD, diluted EPS -0.26 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 30.5
- weak (30–45)
- Bollinger (20, 2)
- 1.74 – 2.18
- in the lower half of the band · %B 0.11 · band width 22.2%
- SMA 50 / 200
- 2.01 / 1.97
- mixed trend
- MACD (12, 26, 9)
- -0.06 / -0.04
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −12.9% | −1.1% | −11.8 pp | — |
| 3 months | −20.1% | −0.5% | −19.6 pp | — |
| 6 months | −10.9% | +4.4% | −15.3 pp | — |
| Year to date | −3.2% | +12.3% | −15.6 pp | — |
| 1 year | −22.2% | +13.5% | −35.7 pp | −19.2% |
| 3 years | −80.2% | +76.4% | −156.6 pp | −18.1% |
| 5 years | −99.2% | +63.7% | −162.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 665.0 k | 592.0 k | 688.0 k | 455.0 k | 622.0 k | 788.0 k | 542.0 k | 799.0 k |
| Cost of revenue | 343.0 k | 454.0 k | 329.0 k | 265.0 k | 335.0 k | 333.0 k | 158.0 k | 248.0 k |
| Gross profit | 322.0 k | 138.0 k | 359.0 k | 190.0 k | 287.0 k | 455.0 k | 384.0 k | 551.0 k |
| Research & development | 612.0 k | 673.0 k | 813.0 k | 970.0 k | 679.0 k | 701.0 k | 878.0 k | 1.5 m |
| Operating income | -3.2 m | -4.9 m | -4.8 m | -4.3 m | -3.5 m | -7.9 m | -4.0 m | -6.0 m |
| Interest expense | 10.0 k | 9.0 k | 9.0 k | 5.0 k | 9.0 k | 9.0 k | 9.0 k | 9.0 k |
| Pre-tax income | -2.8 m | -2.6 m | -3.7 m | -3.1 m | -2.4 m | -2.1 m | -3.2 m | -5.2 m |
| Income tax | 0 | 41.0 k | 0 | 0 | 0 | -19.0 k | 0 | 0 |
| Net income | -2.8 m | -2.6 m | -3.7 m | -3.1 m | -2.4 m | -2.1 m | -3.2 m | -5.2 m |
| Diluted EPS | -0.25 | -0.15 ≈ | -0.18 | -0.16 | -0.12 | -0.11 ≈ | -0.16 | -0.26 |
| Operating cash flow | -2.4 m ≈ | -2.7 m | -3.3 m | -3.5 m ≈ | -2.5 m ≈ | -3.2 m | -2.7 m | -5.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | ⚠ 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | 19.2 m | 10.0 m | 10.6 m | 6.5 m | 4.8 m | 3.2 m | 2.6 m |
| Revenue YoY | unavailable | unavailable | −47.8% | +6.4% | — | −25.9% | −34.0% | −19.9% |
| Net income | -923.2 k | -12.9 m | -22.2 m | -53.5 m | -50.9 m | -52.8 m | -10.3 m | -11.4 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.50 | -0.71 | -0.51 | unavailable | -0.94 | -0.57 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable | unavailable |
| net % | unavailable | -67.2% | -222.0% | -502.9% | -780.5% | -1,092.4% | -323.5% | -446.6% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | -27.8 m | -18.4 m | unavailable | unavailable |
The series breaks before 2022: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 100.6 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 96.3 m USD
- Total assets
- 120.9 m USD
- Debt / equity
- unavailable
- Current ratio
- 5.03x
- ROE
- -11.2%
- ROA
- -9.7%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 10.0 m | 10.6 m | 6.5 m | 4.8 m | 3.2 m | 2.6 m | SEC (XBRL)· 27 Mar 2026verified |
| Cost of revenue | 3.4 m | 7.0 m | 3.0 m | 3.1 m | 1.7 m | 1.3 m | SEC (XBRL)· 27 Mar 2026verified |
| Gross profit | 6.6 m | 3.6 m | 3.5 m | 1.7 m | 1.5 m | 1.3 m | SEC (XBRL)· 27 Mar 2026verified |
| Research & development | 2.6 m | 4.2 m | 6.1 m | 4.4 m | 2.3 m | 3.2 m | SEC (XBRL)· 27 Mar 2026verified |
| Operating income | -17.5 m | -16.8 m | -24.0 m | -45.7 m | -13.9 m | -20.5 m | SEC (XBRL)· 27 Mar 2026verified |
| Interest expense | 3.4 m | 4.5 m | 2.4 m | 1.7 m | 135.0 k | 32.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Pre-tax income | -22.2 m | -53.9 m | -45.4 m | -41.9 m | -10.3 m | -11.4 m | SEC (XBRL)· 27 Mar 2026verified |
| Income tax | 2.0 k | -426.0 k | 4.0 k | 29.0 k | 41.0 k | -19.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Net income | -22.2 m | -53.5 m | -50.9 m | -52.8 m | -10.3 m | -11.4 m | SEC (XBRL)· 27 Mar 2026verified |
| Diluted EPS | -0.50 | -0.71 | -0.51 | — | -0.94 | -0.57 | SEC (XBRL)· 27 Mar 2026verified |
| Weighted average diluted shares | 44.3 m | 75.4 m | 2.0 m | 2.4 m | 11.0 m | 20.2 m | SEC (XBRL)· 27 Mar 2026verified |
| Dividend per share | — | — | — | — | 0.00 | 0.00 | SEC (XBRL)· 27 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 3.9 m | 23.1 m | 2.0 m | 3.9 m | 113.0 m | 100.6 m | SEC (XBRL)· 27 Mar 2026verified |
| Receivables | 664.0 k | 967.0 k | 835.0 k | 550.0 k | 276.0 k | 300.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Inventories | 0 | 2.6 m | 2.8 m | — | — | — | SEC (XBRL)· 31 Mar 2023verified |
| Current assets | 4.9 m | 60.0 m | 16.9 m | 5.0 m | 113.8 m | 120.1 m | SEC (XBRL)· 27 Mar 2026verified |
| Property, plant & equipment, net | 13.0 k | 0 | 192.0 k | 40.0 k | 24.0 k | 11.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Goodwill | 25.9 m | 33.3 m | 25.8 m | 0 | — | — | SEC (XBRL)· 15 Mar 2024verified |
| Intangibles (excl. goodwill) | 111.0 k | 3.2 m | 2.5 m | — | — | — | SEC (XBRL)· 31 Mar 2023verified |
| Total assets | 31.8 m | 98.0 m | 54.8 m | 6.7 m | 114.8 m | 120.9 m | SEC (XBRL)· 27 Mar 2026verified |
| Accounts payable | 8.5 m | 6.6 m | 7.3 m | 7.8 m | 3.8 m | 1.1 m | SEC (XBRL)· 27 Mar 2026verified |
| Short-term debt | 4.4 m | 4.9 m | 9.7 m | 4.9 m | — | — | SEC (XBRL)· 15 Mar 2024verified |
| Long-term debt | 3.8 m | 0 | — | — | — | — | SEC (XBRL)· 07 Apr 2022verified |
| Current liabilities | 26.5 m | 30.3 m | 25.6 m | 16.5 m | 6.5 m | 23.9 m | SEC (XBRL)· 27 Mar 2026verified |
| Total liabilities | 33.8 m | 32.7 m | 30.0 m | 18.2 m | 7.6 m | 24.6 m | SEC (XBRL)· 27 Mar 2026verified |
| Equity | -2.0 m † | 65.3 m † | 24.9 m † | -11.5 m † | 107.2 m † | 96.3 m † | SEC (XBRL)· 27 Mar 2026verified |
| Shares outstanding at year end | — | — | — | — | 20.2 m | — | SEC (XBRL)· 08 Nov 2024verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -11.0 m | -22.5 m | -26.9 m | -18.4 m | -13.3 m | -12.5 m | SEC (XBRL)· 27 Mar 2026verified |
| Capex | — | — | 923.0 k | 0 | — | — | SEC (XBRL)· 15 Mar 2024verified |
| Free cash flow | — | — | -27.8 m ≈ | -18.4 m ≈ | — | — | SEC (XBRL)· 15 Mar 2024derived |
| Investing cash flow | 0 | -46.4 m | -2.3 m | 15.4 m | 0 | 0 | SEC (XBRL)· 27 Mar 2026verified |
| Financing cash flow | 14.6 m | 88.0 m | 8.1 m | 5.0 m | 122.3 m | 80.0 k | SEC (XBRL)· 27 Mar 2026verified |
| Share repurchases | — | — | 0 | 502.0 k | — | — | SEC (XBRL)· 15 Mar 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 51.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 36.6 m USD
Key indicators
Coverage and freshness
Score by group
51% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 51.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 61.0% | 52 (on a fixed band) | 21% |
| EBIT margin · Quality | -782.1% | 5 (vs peers) | 17% |
| FCF margin · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -26.8% | 0 (on a fixed band) | 33% |
| Revenue growth (YoY) · Growth | -19.9% | 8 (vs peers) | 17% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 19.8x | 100 (on a fixed band) | 13% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth3/100 · 2/2 factors with a value
- Quality31/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Phunware, Inc. (PHUN). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.6 m USD in 2025; YoY growth -19.9%; net margin -471.7%; ROE -13.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 51.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 19.8x
What contradicts it
- EBIT margin: -782.1%
- Revenue CAGR 3Y: -26.8%
- Revenue growth (YoY): -19.9%
Not assessed (insufficient data or a ratio without meaning): FCF margin, Net debt / EBITDA, EV/Sales, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −6% / −25% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| ATHMAutohome Inc. | 10.4 bn | 53.5 | 6.3% | 443.2% | +11.1% | −5% / −18% |
| DXCDxc Technology Company | 2.3 bn | 21.9 | 3.7% | 0.9% | −1.8% | +13% / −36% |
| EVTCEVERTEC, Inc. | 2.1 bn | 22.9 | 14.4% | 9.0% | +10.2% | +20% / −6% |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| CLVTClarivate PLC | 1.4 bn | — | -8.2% | -15.1% | −4.0% | −44% / −73% |
| LZLegalZoom.com, Inc. | 1.1 bn | 56.0 | 12.1% | 2.6% | +10.9% | −26% / −40% |
| PLTKPlaytika Holding Corp. | 808.6 m | — | — | -9.9% | +8.1% | −48% / −76% |
| YEXTYext, Inc. | 775.0 m | 40.6 | 27.8% | 5.9% | +6.1% | −7% / +18% |
| NRDSNerdWallet, Inc. | 754.4 m | 13.3 | 18.2% | 7.6% | +21.7% | −21% / +1% |
| NXTTNext Technology Holding Inc. | 736.5 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| CARSCars.com Inc. | 682.5 m | 22.4 | 7.4% | 4.7% | +0.6% | +10% / −32% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| SOPHSOPHiA GENETICS SA | 477.3 m | — | -110.0% | -102.2% | +18.6% | +42% / +73% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| SOHUSohu.com Limited | 355.1 m | 1.0 | 35.8% | 67.4% | −2.4% | −12% / +70% |
| MOVECorvex, Inc. | 176.9 m | — | -9.6% | -623.5% | −57.3% | −17% / −93% |
| SSTKShutterstock, Inc. | 161.1 m | — | -43.4% | -22.9% | +5.8% | −79% / −90% |
| TRAKRepositrak, Inc. | 132.7 m | 18.7 | 14.9% | 32.5% | +3.0% | −46% / −29% |
| GMHSGamehaus Holdings Inc. | 51.4 m | 8.5 | 11.8% | 4.1% | −11.3% | −35% / −93% |
| PHUNPhunware, Inc. | 36.6 m | — | -13.7% | -471.7% | −19.9% | −22% / −80% |
| DDIDoubleDown Interactive Co., Ltd. | 34.1 m | 0.3 | 11.4% | 28.5% | +5.5% | +48% / +72% |
| SJScienjoy Holding Corporation | 23.5 m | — | -66.6% | -47.3% | −4.9% | +28% / −68% |
1- and 3-year price returns: for PHUN from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Phunware provides cloud software for mobile apps, focused on hospitality and healthcare, and in 2026 is reorienting its strategy toward an AI-enabled guest intelligence platform. The company still reports losses, but a strong cash position gives it flexibility during the transition, with net revenue of $0.8 million in the second quarter of 2026 3.
SWOT
Strengths
- The company has a strong cash position and no debt, giving flexibility for product investment 3.
- The platform unifies apps, SDKs and AI features in one environment, letting clients evolve experiences without rearchitecting systems 1.
- Twelve-month customer retention remains high, supporting recurring revenue from multi-year contracts 3.
Weaknesses
Opportunities
- Adoption of AI features in hospitality and healthcare could generate new platform revenue 23.
- A fragmented market offers acquisition opportunities that could expand the company's capabilities 1.
- If real-time location technology is adopted, it could link digital guest interactions to operational and revenue outcomes 3.
Risks
- Persistent losseshigh
The company could keep reporting losses if revenue does not grow enough to cover development and sales costs 1.
- Customer concentrationhigh
Losing a major customer or a reduction in contracts could significantly affect revenue 13.
- Leadership changesmedium
The recent transition in executive leadership could disrupt execution of the 2.0 Strategy 13.
- Uncertain AI investmentsmedium
AI projects are in research and development, and some could fail or be abandoned 12.
- Litigationmedium
Ongoing legal proceedings could generate costs and affect financial results if decided against the company 1.
Investment thesis
What would need to be true (bull case)
- If the 2.0 platform reaches broad commercial adoption in hospitality, the company could become a guest intelligence provider with higher recurring revenue 23.
- A debt-free cash position gives time to develop products without external funding pressure 3.
- Gross margins improved significantly, which could indicate a more efficient cost structure if the trend holds 3.
What would break the thesis
- Quarterly revenue growth was driven by an early contract termination, so reported figures may not reflect durable growth 3.
- Net and adjusted EBITDA losses remained high, and the company does not expect profitability soon 23.
- Competition and technological change could reduce the company's ability to maintain prices and market share 1.
What to watch
- Revenue and backlog trends after the customer contract terminationQ3 2026
- Commercial rollout of AI Itinerary Builder and the location-aware data layer2026
- Cash use and adjusted EBITDA loss compared with the second quarter of 2026Q3 2026
- Annual reporting and changes in customer concentrationnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Phunware, Inc. is a technology company founded in 2009 and headquartered in Austin, Texas, specializing in mobile app software and services and in-app advertising 1. Its cloud platform lets clients create, manage and monetize their mobile app portfolios and audiences 1. Revenue comes mainly from cloud software licenses, usually multi-year, from development and support services, and from advertising billed on delivered ads or user actions 1.
The company delivers functionality through mobile apps, SDKs (analytics, content management, messaging, location-based services) and cloud tools, and in recent years has focused sales on the luxury guest experience in hospitality and the patient experience in healthcare 1. It has recently added AI features such as AI Concierge, now sold commercially, and in 2026 showcased AI Itinerary Builder and a location-aware data layer 23.
Customer concentration is high: in fiscal 2025 two customers represented 36% of net revenues 1. The company remains loss-making, and its second-quarter 2026 revenue growth came from a customer-initiated early contract termination rather than organic expansion 3.
Segments
Software licenses and cloud services
This is the main business line, with recurring cloud licenses, often multi-year, for the app framework, SDKs and development services 1. Long contracts provide revenue visibility, and backlog plus deferred revenue totaled $3,087 thousand at June 30, 2026 2.
Market context
The market for mobile app lifecycle management solutions is described as evolving, highly competitive and significantly fragmented 1. The company considers mobile apps and in-app advertising among the fastest-growing technology markets, but the actual market could be smaller than estimates 1.
Hospitality and healthcare are the main target markets, and hospitality remains the primary commercial focus in 2026 13. The fragmented market could open consolidation opportunities through acquisitions if they materialize 1.
Trends
- Generative and agentic AImixed
AI investment could lower app development costs and create new products, but it is still in research and development, and some initiatives could be dropped 12.
- Shift to cloud and as-a-servicetailwind
Enterprises moving from on-premise infrastructure to hosted software favors the company's subscription model, but could reduce demand for legacy products 1.
- Intensifying competitionheadwind
New technologies and new entrants could intensify pricing pressure and reduce market share 1.
- Demand in hospitality and healthcaremixed
Digitizing guest and patient experiences opens commercial opportunities, but sales cycles can be long for large organizations 1.
Competitive position
The company competes with providers of cloud solutions for location-based services, mobile marketing automation, content management and analytics, as well as with app development agencies and in-house teams 1. Larger competitors have more name recognition, bigger marketing budgets and integrator relationships 1.
Key competitive factors include product features, location accuracy, customer satisfaction and the ability to innovate quickly 1. Pricing pressure is a real risk, since some competitors offer lower prices 1.
- Airship
Provider of mobile marketing automation and app messaging named among main competitors in the 10-K.
- Apadmi
Mobile app development agency competing with the company's custom development services.
- Mutual Mobile
Mobile app development firm listed among direct competitors in development services.
- Pointr
Location-based services provider overlapping with the platform's location component.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement02 Nov 2026
- Current report29 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report19 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report06 Aug 2026Results of operations · Financial statements and exhibits
- Current report16 Jul 2026Regulation FD disclosure · Financial statements and exhibits
- Current report18 May 2026Material agreement · Termination of a material agreement · Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report11 May 2026
- Current report07 May 2026Results of operations · Financial statements and exhibits
- Current report (amendment)20 Apr 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Phunware, Inc. · 27 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Phunware, Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Phunware, Inc. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.