Phunware (PHUN) AI Stock Analysis

• Market Cap: $40.98M
• Dividend Yield: N/A
• Average Volume (3M): 152.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 29
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.12
• Shares Outstanding: 20,187,326
• 10 Day Avg. Volume: 184,198
• 30 Day Avg. Volume: 152,974
• PEG Ratio: 0.06
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 17.89
• P/FCF Ratio: -4.29
• Enterprise Value/Market Cap: -1.16
• Enterprise Value/Revenue: -20.24
• Enterprise Value/Gross Profit: -48.98
• Enterprise Value/Ebitda: 4.05
• 1Y Price Target: $2.00
• Price Target Upside: -5.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $2.00 ▼(-5.66% Downside)

The score is primarily held down by weak financial performance (shrinking revenue, very large losses, and ongoing cash burn) and bearish technicals (below key moving averages with negative MACD). A low-debt, improved equity position helps reduce solvency risk but is not enough to offset poor operating fundamentals, and valuation support is limited given negative earnings and no dividend yield provided.

Positive Factors

Leadership Strengthening

The appointment of Jeremy Krol as COO is expected to enhance operational capabilities, potentially improving efficiency and strategic execution.

Board Expertise

Quyen Du's appointment brings 25 years of strategic growth experience, which could aid in corporate development and compliance with Nasdaq requirements.

Strong Cash Position

A strong cash position provides liquidity, offering some buffer against financial instability and enabling potential investment in growth opportunities.

Negative Factors

Declining Revenues

Consistent revenue decline suggests weakening market position and demand, potentially impacting long-term sustainability and growth prospects.

Negative Cash Flows

Negative cash flows indicate operational inefficiencies and reliance on external funding, posing risks to financial health and long-term viability.

High Liabilities

High liabilities relative to equity suggest financial instability, limiting flexibility and increasing risk in adverse economic conditions.

Phunware Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Phunware makes money primarily through the licensing of its Multiscreen-as-a-Service (MaaS) platform, which includes features for mobile application development, location-based services, and analytics that allow businesses to optimize customer engagement. Revenue is generated from software and service subscriptions, where clients pay for access to Phunware's platform and its various functionalities. The company also earns through strategic partnerships and collaborations that expand its service offerings and market reach. Additionally, Phunware monetizes its data-driven services by providing actionable insights and analytics that businesses can leverage for targeted marketing and improved operational efficiency.

Phunware Financial Statement Overview

Summary

Phunware faces substantial financial challenges with declining revenues, negative net income, and persistent cash flow issues. Despite a strong cash position, the high liabilities and negative stockholders' equity indicate financial vulnerability and reliance on external financing.

Income Statement

The income statement shows significant challenges with declining revenues and negative net income over the years, indicating unsustainable operational performance. The gross profit margin has decreased, and the company has consistently reported negative EBIT and EBITDA margins, reflecting ongoing financial distress.

Balance Sheet

The balance sheet reflects a mixed picture with strong liquidity due to a high cash position. However, there is instability as evidenced by a history of negative stockholders' equity and high ratios of liabilities to equity, indicating financial vulnerability despite recent improvements.

Cash Flow

Cash flow analysis reveals persistent negative operating and free cash flows, indicating cash outflows exceed cash inflows. Despite an influx of financing cash, the company's reliance on external funding for operations poses a risk to long-term sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.36M	3.19M	4.83M	6.52M	10.64M	10.00M
Gross Profit	974.00K	1.45M	1.69M	3.51M	3.61M	6.64M
EBITDA	-11.79M	-10.12M	-40.10M	-42.97M	-49.23M	-18.63M
Net Income	-11.91M	-10.32M	-52.78M	-50.89M	-53.52M	-22.20M
Balance Sheet
Total Assets	105.64M	114.78M	6.73M	56.80M	98.02M	31.84M
Cash, Cash Equivalents and Short-Term Investments	103.78M	112.97M	3.93M	1.96M	23.14M	3.94M
Total Debt	701.00K	932.00K	6.60M	13.24M	6.45M	8.39M
Total Liabilities	7.32M	7.60M	18.18M	31.91M	32.74M	33.81M
Stockholders Equity	98.33M	107.18M	-11.46M	24.88M	65.28M	-1.98M
Cash Flow
Free Cash Flow	-11.98M	-13.30M	-18.43M	-28.02M	-63.80M	-10.97M
Operating Cash Flow	-11.98M	-13.30M	-18.43M	-26.86M	-22.51M	-10.97M
Investing Cash Flow	0.00	0.00	15.38M	-2.26M	-46.38M	0.00
Financing Cash Flow	80.23M	122.34M	4.97M	8.05M	88.02M	14.60M

Phunware Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHUN, the sentiment is Neutral. The current price of 2.12 is above the 20-day moving average (MA) of 1.95, above the 50-day MA of 2.11, and below the 200-day MA of 2.71, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 76.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PHUN.

Phunware Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTWK	62 Neutral	$35.15M	76.17	1.40%	―	7.70%	-36.01%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AWRE	48 Neutral	$42.53M	-7.42	-18.98%	―	2.73%	25.65%
BMR	48 Neutral	$31.19M	-6.58	-22.65%	―	5.96%	-156.04%
PHUN	43 Neutral	$40.98M	-3.40	-18.69%	―	―	―
SURG	40 Underperform	$35.98M	-0.81	-313.72%	―	-39.75%	-89.61%

Phunware Corporate Events

Phunware Shareholders Approve Directors, Auditor and Executive Pay

On December 17, 2025, Phunware held its 2025 Annual Meeting of Stockholders, where shareholders voted on board composition, executive compensation practices, and the company’s independent auditor for the current fiscal year. Stockholders elected two Class I directors, Jeremy Krol and Ed Lu, to serve until the 2028 annual meeting, ratified the appointment of CBIZ CPAs P.C. as Phunware’s independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved on a non-binding basis the compensation of the company’s named executive officers, while also providing guidance on the preferred frequency of future advisory votes on executive pay; no other matters were brought for stockholder action, signaling continuity in governance and financial oversight for the company.

The most recent analyst rating on (PHUN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.

Phunware’s Senior VP of Sales Departs

On December 2, 2025, Jeremy Kidd separated from Phunware, Inc. as its Senior Vice President, Head of Sales, without cause. The company does not plan to fill the position and sales personnel will report directly to the Interim CEO. A separation agreement was made with Mr. Kidd, providing him with a $90,000 payment, including a lump sum and a supplemental payment. The company expressed gratitude for Mr. Kidd’s service.

The most recent analyst rating on (PHUN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.

Phunware Appoints Jeremy Krol to Board of Directors

Phunware, Inc. announced the appointment of Jeremy Krol to its Board of Directors, filling a vacancy left by the termination of Stephen Chen. Krol, who has been serving as the Interim Chief Executive Officer since July 2025, will continue in this role while also overseeing Phunware’s daily operations and strengthening business initiatives. His extensive experience in engineering, finance, and technology startups is expected to contribute significantly to Phunware’s strategic growth plans and operational execution.

The most recent analyst rating on (PHUN) stock is a Buy with a $4.50 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.

Phunware Sets Date for 2025 Annual Meeting

Phunware, Inc. has announced December 17, 2025, as the date for its 2025 Annual Meeting of Stockholders, with October 21, 2025, set as the record date for stockholders entitled to vote. The company has outlined the requirements for stockholder proposals to be included in the proxy materials, emphasizing compliance with SEC rules and the company’s bylaws, with a submission deadline of October 28, 2025.

The most recent analyst rating on (PHUN) stock is a Buy with a $4.50 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.