Smith Micro Software Debt-to-Equity Ratio Growth & History (SMSI)
Smith Micro Software's debt-to-equity ratio was 0.07 for fiscal 2025.
View full Smith Micro Software company overviewSmith Micro Software annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.07 | 0.01 | +14.96% |
| 2024 | 2024-12-31 | 0.06 | 0.02 | +45.47% |
| 2023 | 2023-12-31 | 0.04 | −0.13 | −75.37% |
| 2022 | 2022-12-31 | 0.18 | 0.12 | +201.24% |
| 2021 | 2021-12-31 | 0.06 | −0.05 | −45.08% |
| 2020 | 2020-12-31 | 0.11 | −0.04 | −26.06% |
| 2019 | 2019-12-31 | 0.14 | — | — |
| 2017 | 2017-12-31 | 0.83 | −0.02 | −2.11% |
| 2016 | 2016-12-31 | 0.85 | — | — |
| 2011 | 2011-12-31 | 0.05 | 0.05 | +5957.31% |
| 2010 | 2010-12-31 | 0.00 | — | — |
Smith Micro Software quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.26 | 0.17 | +179.66% |
| Q1 2026 | 2026-03-31 | 0.21 | 0.14 | +224.80% |
| Q4 2025 | 2025-12-31 | 0.07 | 0.01 | +14.96% |
| Q3 2025 | 2025-09-30 | 0.08 | 0.00 | +5.94% |
| Q2 2025 | 2025-06-30 | 0.09 | 0.02 | +22.12% |
| Q1 2025 | 2025-03-31 | 0.06 | −0.01 | −17.69% |
| Q4 2024 | 2024-12-31 | 0.06 | 0.02 | +45.47% |
| Q3 2024 | 2024-09-30 | 0.08 | −0.01 | −10.49% |
| Q2 2024 | 2024-06-30 | 0.08 | −0.07 | −47.70% |
| Q1 2024 | 2024-03-31 | 0.08 | −0.11 | −58.37% |
| Q4 2023 | 2023-12-31 | 0.04 | −0.13 | −75.37% |
| Q3 2023 | 2023-09-30 | 0.09 | −0.06 | −39.39% |
| Q2 2023 | 2023-06-30 | 0.14 | 0.09 | +148.66% |
| Q1 2023 | 2023-03-31 | 0.19 | 0.13 | +218.39% |
| Q4 2022 | 2022-12-31 | 0.18 | 0.12 | +201.24% |
| Q3 2022 | 2022-09-30 | 0.14 | 0.08 | +136.11% |
| Q2 2022 | 2022-06-30 | 0.06 | 0.01 | +21.27% |
| Q1 2022 | 2022-03-31 | 0.06 | 0.01 | +11.01% |
| Q4 2021 | 2021-12-31 | 0.06 | −0.05 | −45.08% |
| Q3 2021 | 2021-09-30 | 0.06 | −0.05 | −46.43% |
| Q2 2021 | 2021-06-30 | 0.05 | −0.07 | −60.17% |
| Q1 2021 | 2021-03-31 | 0.05 | −0.08 | −59.44% |
| Q4 2020 | 2020-12-31 | 0.11 | −0.04 | −26.06% |
| Q3 2020 | 2020-09-30 | 0.11 | −0.03 | −22.29% |
| Q2 2020 | 2020-06-30 | 0.12 | −0.12 | −50.49% |
| Q1 2020 | 2020-03-31 | 0.13 | 0.02 | +17.37% |
| Q4 2019 | 2019-12-31 | 0.14 | — | — |
| Q3 2019 | 2019-09-30 | 0.15 | — | — |
| Q2 2019 | 2019-06-30 | 0.24 | — | — |
| Q1 2019 | 2019-03-31 | 0.11 | — | — |
| Q4 2017 | 2017-12-31 | 0.83 | −0.02 | −2.11% |
| Q3 2017 | 2017-09-30 | 0.33 | −0.41 | −55.68% |
| Q2 2017 | 2017-06-30 | 4.91 | — | — |
| Q1 2017 | 2017-03-31 | 3.28 | — | — |
| Q4 2016 | 2016-12-31 | 0.85 | — | — |
| Q3 2016 | 2016-09-30 | 0.74 | — | — |
| Q3 2012 | 2012-09-30 | 0.07 | 0.03 | +50.69% |
| Q2 2012 | 2012-06-30 | 0.07 | 0.05 | +412.04% |
| Q1 2012 | 2012-03-31 | 0.06 | — | — |
| Q4 2011 | 2011-12-31 | 0.05 | 0.05 | +5957.31% |
| Q3 2011 | 2011-09-30 | 0.05 | — | — |
| Q2 2011 | 2011-06-30 | 0.01 | — | — |
| Q4 2010 | 2010-12-31 | 0.00 | — | — |
Smith Micro Software debt-to-equity ratio trends
Over the last five fiscal years, Smith Micro Software's debt-to-equity ratio decreased from 0.11 to 0.07, a change of −0.03. The latest reported quarter, Q2 2026, shows 0.26.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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