Phunware 2025 Q3 Earnings Narrows Loss, Beats Revenue Estimates

Phunware (PHUN) reported fiscal 2025 Q3 earnings on Nov 8, 2025, . The company’s shares, however, , reflecting ongoing market skepticism.

Revenue

Total revenue for the quarter fell 6.5% to $622,000, driven by a contraction in advertising income, while software subscriptions and services remained a stable contributor. Software subscriptions and services revenue stood at $446,000, . This segment breakdown underscores the company’s reliance on recurring software income amid broader revenue headwinds.

Earnings/Net Income

, , . While this reflects progress in cost management, the company has posted losses for eight consecutive years, signaling persistent financial challenges.

Post-Earnings Price Action Review

A strategy of buying Phunware shares after a quarter-over-quarter revenue increase on the earnings report date and holding for 30 days yielded a 20.00% return over the past three years. , . The short holding period mitigated long-term volatility risks while leveraging immediate post-earnings momentum. , though recent price declines suggest market caution.

CEO Commentary

Jeremy Krol, Interim CEO, emphasized progress in AI product development, including the AI Concierge pilot and enhanced marketing efforts. “We are running an AI Concierge pilot with a trusted hospitality partner, and the initial response is encouraging,” Krol stated. . The tone remained cautiously optimistic, balancing innovation with financial prudence.

Guidance

Phunware did not provide explicit forward-looking revenue or EPS targets in the earnings report. However, management indicated continued investment in AI features and pilot testing, with expectations to expand sales initiatives and product development. The company’s liquidity position supports these strategic priorities, though no specific financial guidance was disclosed.

Additional News

Phunware appointed Jeremy Krol as Interim CEO and board member, marking a leadership shift as the company advances its AI strategy. The , currently in pilot testing with a hospitality partner, aims to enhance guest experiences through real-time personalization. Additionally, the firm launched a new website and bolstered marketing efforts, signaling a broader rebranding push. .

The company’s recent moves reflect a strategic pivot toward AI-driven solutions, with leadership prioritizing product development and market expansion. While financial results remain challenging, the focus on innovation and liquidity positions Phunware to potentially capitalize on evolving industry trends.