SMWB (SMWB) financial statements
SMWB reported revenue of $283M in fiscal 2025, up 26.0% a year over 6 years.
Net income was -$33M and the operating margin -8.3%, against -22.8% in 2019.
Free cash flow was $13M.
The diluted share count rose 532% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMWB's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $71M | $93M | $138M | $193M | $218M | $250M | $283M |
| Cost of revenue | $21M | $21M | $32M | $53M | $47M | $55M | $58M |
| Gross profit | $50M | $72M | $106M | $140M | $171M | $195M | $225M |
| Research and development | $16M | $22M | $44M | $60M | $56M | $56M | $73M |
| Selling, general and admin | $50M | $70M | $128M | $168M | $144M | $149M | $176M |
| Operating income | -$16M | -$20M | -$66M | -$88M | -$29M | -$10M | -$24M |
| Interest expense | $1M | $2M | $2M | — | — | — | — |
| Pre-tax income | -$17M | -$21M | -$68M | -$83M | -$28M | -$10M | -$29M |
| Income tax | $458,000 | $640,000 | $981,000 | $516,000 | $2M | $2M | $4M |
| Net income | -$18M | -$22M | -$69M | -$84M | -$29M | -$11M | -$33M |
| EPS (diluted) | -$1.32 | -$1.58 | -$1.30 | -$1.10 | -$0.38 | -$0.14 | -$0.39 |
| Diluted shares | 13M | 14M | 53M | 76M | 78M | 81M | 85M |
| Gross margin | 70.9% | 77.1% | 76.9% | 72.4% | 78.4% | 78.1% | 79.5% |
| Operating margin | -22.8% | -21.0% | -48.0% | -45.5% | -13.2% | -3.9% | -8.3% |
| Net margin | -25.1% | -23.5% | -50.1% | -43.3% | -13.5% | -4.6% | -11.7% |
Balance sheet
Fiscal years, from SMWB's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $54M | $129M | $78M | $72M | $64M | $72M |
| Receivables | — | $25M | $31M | $38M | $48M | $51M | $54M |
| Total current assets | — | $88M | $188M | $142M | $146M | $141M | $150M |
| Property, plant and equipment | — | $6M | $6M | $32M | $29M | $26M | $22M |
| Goodwill | — | $3M | $11M | $13M | $13M | $25M | $39M |
| Total assets | — | $104M | $227M | $246M | $239M | $243M | $261M |
| Total current liabilities | — | $108M | $134M | $181M | $184M | $177M | $197M |
| Total liabilities | — | $113M | $142M | $224M | $223M | $215M | $238M |
| Shareholders' equity | -$129M | -$145M | $85M | $22M | $16M | $28M | $23M |
| Net debt | -$7M | -$24M | -$129M | -$78M | -$72M | -$64M | -$72M |
Cash flow
Fiscal years, from SMWB's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | -$4M | -$28M | -$46M | -$3M | $30M | $15M |
| Capital spending | $2M | $1M | $3M | $31M | $2M | $3M | $2M |
| Free cash flow | -$11M | -$5M | -$30M | -$77M | -$5M | $27M | $13M |
| Stock-based compensation | $2M | $5M | $11M | $17M | $18M | $18M | $21M |
| Net borrowing | — | — | — | — | $0 | -$25M | $0 |
| Free cash flow margin | -16.3% | -5.2% | -22.1% | -40.0% | -2.5% | 11.0% | 4.6% |
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Open SMWB in InvestinglyQuestions
What was SMWB's revenue in 2025?
$283M in fiscal 2025, from its 10-K filing.
How much free cash flow does SMWB generate?
$13M in fiscal 2025 (operating cash flow minus capital spending).
From SMWB's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.