# Phunware, Inc. (PHUN) · Edgar & Edgarette company card

> Phunware (PHUN) saw revenue fall 19.9% in FY2025 to $3 million, operating margin -804% against a 7.7% median for computer processing & data preparation, equity 79.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1665300 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/PHUN) · [JSON](https://www.pops4.com/boards/company/PHUN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3M |
| Revenue growth, 1 year | -19.9% |
| Revenue growth per year | -30.0% |
| Operating margin | -803.7% (prior year -435.5%) |
| Net margin | -446.6% |
| Operating cash flow | −$12M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $101M |
| Long-term debt | — |
| Total assets | $121M |
| Total equity | $96M |
| Equity ÷ assets | 79.7% |
| Return on equity | -11.8% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: -0.56 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -803.7% in FY2025; revenue is hard to predict: its 80% range is ±48%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $2.6M (FY2025). Experience: revenue down 19.9% on the year, down 30.0% a year over 4 years; operating margin -803.7%, down from -435.5%. Soundness: equity 79.7% of assets, return on equity -11.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.1M and $3.2M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.1M to $3.5M. A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, services-computer processing & data preparation): operating margin -803.7% against a 7.7% median; growth -19.9% against 10.2%.

Range logged 2026-11-03, receipt f25a099c8de73da3, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-05-18 ([filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526228281/0001193125-26-228281-index.htm))

## Recent filings

- DEF 14A · filed 2026-11-02 · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526442726/0001193125-26-442726-index.htm)
- 8-K · filed 2026-10-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526437852/0001193125-26-437852-index.htm)
- 8-K · filed 2026-10-19 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526425396/0001193125-26-425396-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526342349/0001193125-26-342349-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526338082/0001193125-26-338082-index.htm)
- 8-K · filed 2026-07-16 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1665300/000119312526306095/0001193125-26-306095-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001665300.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1665300

## Cite

POPS4, Edgar & Edgarette: Phunware, Inc. (PHUN) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/PHUN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.