PHUN

Company Overview — What Does Phunware, Inc. Do?

Phunware, Inc., together with its subsidiaries, offers 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. The company's products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. It also engages the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization; and pre-packaged and custom high-end personal computer systems for gaming, streaming, and cryptocurrency mining enthusiasts. The company was founded in 2009 and is headquartered in Austin, Texas. Phunware, Inc. (PHUN) is classified as a micro-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Alan S. Knitowski and employs approximately 120 people. With a market capitalization of $36M, PHUN is one of the notable companies in the Industrials sector.

Phunware, Inc. (PHUN) Stock Rating — Reduce (April 2026)

As of April 2026, Phunware, Inc. receives a Reduce rating with a composite score of 24.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.PHUN ranks #3,445 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Phunware, Inc. ranks #592 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

PHUN Stock Price and 52-Week Range

Phunware, Inc. (PHUN) currently trades at $1.89. The stock gained $0.03 (1.6%) in the most recent trading session. The 52-week high for PHUN is $3.88, which means the stock is currently trading -51.3% from its annual peak. The 52-week low is $1.56, putting the stock 21.2% above its annual trough. Recent trading volume was 117K shares, suggesting relatively thin trading activity.

Is PHUN Overvalued or Undervalued? — Valuation Analysis

Phunware, Inc. (PHUN) carries a value factor score of 14/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.39x, versus the sector average of 2.23x. The price-to-sales ratio is 15.45x, compared to 0.50x for the average Industrials stock.

At current multiples, Phunware, Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Phunware, Inc. Profitability — ROE, Margins, and Quality Score

Phunware, Inc. (PHUN) earns a quality factor score of 19/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -12.5%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -10.0% versus the sector average of 3.3%.

On a margin basis, Phunware, Inc. reports gross margins of 47.1%, compared to 35.8% for the sector. The operating margin is -669.6% (sector: 6.2%). Net profit margin stands at -508.6%, versus 3.9% for the average Industrials stock. Revenue growth is running at -38.5% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

PHUN Debt, Balance Sheet, and Financial Health

Phunware, Inc. has a debt-to-equity ratio of 25.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 5.03x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $104M.

PHUN has a beta of 1.81, meaning it is more volatile than the broader market — a $10,000 investment in PHUN would be expected to move 81.5% more than the S&P 500 on any given day. The stability factor score for Phunware, Inc. is 33/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Phunware, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Phunware, Inc. reported revenue of $2M and earnings per share (EPS) of $-0.57. Net income for the quarter was $-12M. Gross margin was 47.1%. Operating income came in at $-16M.

In FY 2025, Phunware, Inc. reported revenue of $3M and earnings per share (EPS) of $-0.57. Net income for the quarter was $-11M. Gross margin was 50.6%. Revenue grew -19.9% year-over-year compared to FY 2024. Operating income came in at $-21M.

In Q3 2025, Phunware, Inc. reported revenue of $622,000 and earnings per share (EPS) of $-0.12. Net income for the quarter was $-2M. Gross margin was 46.1%. Revenue grew -6.5% year-over-year compared to Q3 2024. Operating income came in at $-4M.

In Q2 2025, Phunware, Inc. reported revenue of $455,000 and earnings per share (EPS) of $-0.16. Net income for the quarter was $-3M. Gross margin was 41.8%. Revenue grew -55.0% year-over-year compared to Q2 2024. Operating income came in at $-4M.

Over the past 8 quarters, Phunware, Inc. has demonstrated a growth trajectory, with revenue expanding from $1M to $2M. Investors analyzing PHUN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

PHUN Dividend Yield and Income Analysis

Phunware, Inc. (PHUN) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

PHUN Momentum and Technical Analysis Profile

Phunware, Inc. (PHUN) has a momentum factor score of 22/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 39/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.

PHUN vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Phunware, Inc. (PHUN) ranks #592 out of 752 stocks based on the Blank Capital composite score. This places PHUN in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing PHUN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PHUN vs S&P 500 (SPY) comparison to assess how Phunware, Inc. stacks up against the broader market across all factor dimensions.

PHUN Next Earnings Date

No upcoming earnings date has been announced for Phunware, Inc. (PHUN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy PHUN? — Investment Thesis Summary

The quantitative profile for Phunware, Inc. suggests caution. The quality score of 19/100 flags below-average profitability. The value score of 14/100 indicates premium valuation. Momentum is weak at 22/100, a headwind for near-term performance. High volatility (stability score 33/100) increases portfolio risk.

In summary, Phunware, Inc. (PHUN) earns a Reduce rating with a composite score of 24.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PHUN stock.

Related Resources for PHUN Investors

Explore more research and tools: PHUN vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PHUN head-to-head with peers: PHUN vs SOBO, PHUN vs TEN, PHUN vs GLDD.