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Side-by-side financial comparison of Phunware, Inc. (PHUN) and Prime Medicine, Inc. (PRME). Click either name above to swap in a different company.

Phunware, Inc. is the larger business by last-quarter revenue ($1.0M vs $838.0K, roughly 1.2× Prime Medicine, Inc.). Phunware, Inc. runs the higher net margin — -260.2% vs -5498.7%, a 5238.4% gap on every dollar of revenue. On growth, Phunware, Inc. posted the faster year-over-year revenue change (-21.9% vs -61.6%).

Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.

Prime Medicine, Inc. is an American biotechnology company developing gene therapies based on prime editing. The company is headquartered in Cambridge, Massachusetts.

PHUN vs PRME — Head-to-Head

Bigger by revenue
PHUN
PHUN
1.2× larger
PHUN
$1.0M
$838.0K
PRME
Growing faster (revenue YoY)
PHUN
PHUN
+39.7% gap
PHUN
-21.9%
-61.6%
PRME
Higher net margin
PHUN
PHUN
5238.4% more per $
PHUN
-260.2%
-5498.7%
PRME

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
PHUN
PHUN
PRME
PRME
Revenue
$1.0M
$838.0K
Net Profit
$-2.6M
$-46.1M
Gross Margin
46.5%
Operating Margin
-290.2%
-5800.5%
Net Margin
-260.2%
-5498.7%
Revenue YoY
-21.9%
-61.6%
Net Profit YoY
59.7%
-9.0%
EPS (diluted)
$-0.32
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PHUN
PHUN
PRME
PRME
Q4 25
$838.0K
Q3 25
$1.2M
Q2 25
$1.1M
Q1 25
$1.5M
Q4 24
$2.2M
Q2 24
$1.0M
$0
Q1 24
$921.0K
$591.0K
Q4 23
$941.0K
$0
Net Profit
PHUN
PHUN
PRME
PRME
Q4 25
$-46.1M
Q3 25
$-50.6M
Q2 25
$-52.6M
Q1 25
$-51.9M
Q4 24
$-42.3M
Q2 24
$-2.6M
$-55.3M
Q1 24
$-2.3M
$-45.8M
Q4 23
$-23.0M
$-65.6M
Gross Margin
PHUN
PHUN
PRME
PRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
46.5%
Q1 24
56.9%
Q4 23
47.5%
Operating Margin
PHUN
PHUN
PRME
PRME
Q4 25
-5800.5%
Q3 25
-4406.0%
Q2 25
-4787.2%
Q1 25
-3603.3%
Q4 24
-2025.7%
Q2 24
-290.2%
Q1 24
-312.1%
-8179.5%
Q4 23
-2086.3%
Net Margin
PHUN
PHUN
PRME
PRME
Q4 25
-5498.7%
Q3 25
-4129.1%
Q2 25
-4716.7%
Q1 25
-3568.8%
Q4 24
-1936.6%
Q2 24
-260.2%
Q1 24
-248.9%
-7743.0%
Q4 23
-2445.6%
EPS (diluted)
PHUN
PHUN
PRME
PRME
Q4 25
$-0.22
Q3 25
$-0.32
Q2 25
$-0.41
Q1 25
$-0.40
Q4 24
$-0.31
Q2 24
$-0.32
$-0.46
Q1 24
$-0.33
$-0.44
Q4 23
$-0.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PHUN
PHUN
PRME
PRME
Cash + ST InvestmentsLiquidity on hand
$20.4M
$63.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.1M
$120.9M
Total Assets
$23.1M
$342.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHUN
PHUN
PRME
PRME
Q4 25
$63.0M
Q3 25
$71.4M
Q2 25
$53.8M
Q1 25
$91.9M
Q4 24
$182.5M
Q2 24
$20.4M
$55.6M
Q1 24
$21.6M
$94.2M
Q4 23
$3.9M
$41.6M
Stockholders' Equity
PHUN
PHUN
PRME
PRME
Q4 25
$120.9M
Q3 25
$161.8M
Q2 25
$60.9M
Q1 25
$106.9M
Q4 24
$153.1M
Q2 24
$14.1M
$196.6M
Q1 24
$14.6M
$243.8M
Q4 23
$-11.5M
$133.1M
Total Assets
PHUN
PHUN
PRME
PRME
Q4 25
$342.7M
Q3 25
$385.0M
Q2 25
$279.0M
Q1 25
$328.2M
Q4 24
$297.5M
Q2 24
$23.1M
$259.7M
Q1 24
$24.3M
$311.4M
Q4 23
$6.7M
$193.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PHUN
PHUN
PRME
PRME
Operating Cash FlowLast quarter
$-2.7M
$-37.3M
Free Cash FlowOCF − Capex
$-37.5M
FCF MarginFCF / Revenue
-4480.4%
Capex IntensityCapex / Revenue
34.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-167.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHUN
PHUN
PRME
PRME
Q4 25
$-37.3M
Q3 25
$-35.0M
Q2 25
$-41.4M
Q1 25
$-48.9M
Q4 24
$16.2M
Q2 24
$-2.7M
$-45.5M
Q1 24
$-5.5M
$-67.7M
Q4 23
$-2.6M
$-43.9M
Free Cash Flow
PHUN
PHUN
PRME
PRME
Q4 25
$-37.5M
Q3 25
$-35.3M
Q2 25
$-43.0M
Q1 25
$-51.3M
Q4 24
$14.5M
Q2 24
$-47.4M
Q1 24
$-70.0M
Q4 23
$-45.7M
FCF Margin
PHUN
PHUN
PRME
PRME
Q4 25
-4480.4%
Q3 25
-2880.5%
Q2 25
-3855.1%
Q1 25
-3526.8%
Q4 24
662.1%
Q2 24
Q1 24
-11849.6%
Q4 23
Capex Intensity
PHUN
PHUN
PRME
PRME
Q4 25
34.6%
Q3 25
20.2%
Q2 25
141.0%
Q1 25
166.6%
Q4 24
82.0%
Q2 24
Q1 24
393.2%
Q4 23
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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