Phunware, Inc. reported financial results for the fourth quarter and full year ended December 31, 2025, highlighting a 33% increase in Q4 net revenue to $0.8 million and a year-end cash position of $100.6 million. The company also announced strategic shifts towards the hospitality market and the commercial launch of its AI Concierge product.
Key takeaways
Q4 2025 net revenue increased 33% to $0.8 million, compared to $0.6 million in Q4 2024.
Full year 2025 net loss was $11.4 million, or ($0.57) per share, compared to a net loss of $10.3 million in FY 2024.
Cash and cash equivalents totaled $100.6 million as of December 31, 2025.
Gross margin improved to 57.7% in Q4 2025, up from 23.3% in the prior year period.
Stephen Lu was elected to the Board of Directors and Elliot Han was appointed Chairperson.
AI Concierge product is now commercially available following a successful pilot program.