Earnings ·
Phunware reported second quarter 2026 financial results showing net revenue of $0.8 million, a 76% year-over-year…
PHUNPhunware, Inc.
Phunware reported second quarter 2026 financial results showing net revenue of $0.8 million, a 76% year-over-year increase driven by customer-initiated early contract terminations. The company maintained a cash position of $92.1 million with no debt and reported a net loss of $5.2 million, or $0.26 per share. Gross margin expanded to 69.0%, while adjusted EBITDA loss widened to $5.5 million due to continued investment in product, sales, marketing, and R&D initiatives supporting the company's strategic transformation. The filing also highlighted executive appointments including CEO Dmitry Kroshka and new sales leadership to drive growth in hospitality and healthcare sectors. Phunware operates as an enterprise software company specializing in mobile app solutions and AI-enabled guest intelligence platforms for complex physical environments.