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Side-by-side financial comparison of Solid Power, Inc. (SLDP) and SMITH MICRO SOFTWARE, INC. (SMSI). Click either name above to swap in a different company.

SMITH MICRO SOFTWARE, INC. is the larger business by last-quarter revenue ($4.0M vs $3.6M, roughly 1.1× Solid Power, Inc.). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -20.0%). Over the past eight quarters, SMITH MICRO SOFTWARE, INC.'s revenue compounded faster (-17.2% CAGR vs -21.9%).

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security tech...

SLDP vs SMSI — Head-to-Head

Bigger by revenue
SMSI
SMSI
1.1× larger
SMSI
$4.0M
$3.6M
SLDP
Growing faster (revenue YoY)
SLDP
SLDP
+1.4% gap
SLDP
-18.6%
-20.0%
SMSI
Faster 2-yr revenue CAGR
SMSI
SMSI
Annualised
SMSI
-17.2%
-21.9%
SLDP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLDP
SLDP
SMSI
SMSI
Revenue
$3.6M
$4.0M
Net Profit
Gross Margin
76.4%
Operating Margin
-730.1%
-109.8%
Net Margin
Revenue YoY
-18.6%
-20.0%
Net Profit YoY
EPS (diluted)
$-0.15
$-0.15

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
SLDP
SLDP
SMSI
SMSI
Q4 25
$3.6M
$4.0M
Q3 25
$3.7M
$4.3M
Q2 25
$6.5M
$4.4M
Q1 25
$6.0M
$4.6M
Q4 24
$4.5M
$5.0M
Q3 24
$4.7M
$4.6M
Q2 24
$5.1M
$5.1M
Q1 24
$6.0M
$5.8M
Net Profit
SLDP
SLDP
SMSI
SMSI
Q4 25
Q3 25
$-25.9M
$-4.5M
Q2 25
$-25.3M
$-15.1M
Q1 25
$-15.2M
$-5.2M
Q4 24
Q3 24
$-22.4M
$-6.4M
Q2 24
$-22.3M
$-6.9M
Q1 24
$-21.2M
$-31.0M
Gross Margin
SLDP
SLDP
SMSI
SMSI
Q4 25
76.4%
Q3 25
73.9%
Q2 25
73.5%
Q1 25
72.8%
Q4 24
75.6%
Q3 24
71.6%
Q2 24
68.7%
Q1 24
65.7%
Operating Margin
SLDP
SLDP
SMSI
SMSI
Q4 25
-730.1%
-109.8%
Q3 25
-654.4%
-103.2%
Q2 25
-398.9%
-338.3%
Q1 25
-399.4%
-112.7%
Q4 24
-561.1%
-89.7%
Q3 24
-593.2%
-140.0%
Q2 24
-530.8%
-135.8%
Q1 24
-433.1%
-542.4%
Net Margin
SLDP
SLDP
SMSI
SMSI
Q4 25
Q3 25
-693.1%
-104.3%
Q2 25
-390.7%
-340.8%
Q1 25
-251.8%
-112.1%
Q4 24
Q3 24
-482.0%
-137.0%
Q2 24
-438.9%
-134.8%
Q1 24
-356.2%
-534.8%
EPS (diluted)
SLDP
SLDP
SMSI
SMSI
Q4 25
$-0.15
$-0.15
Q3 25
$-0.14
$-0.25
Q2 25
$-0.14
$-0.78
Q1 25
$-0.08
$-0.28
Q4 24
$-0.16
$0.54
Q3 24
$-0.13
$-0.54
Q2 24
$-0.13
$-0.66
Q1 24
$-0.12
$-3.28

Balance Sheet & Financial Strength

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

Metric
SLDP
SLDP
SMSI
SMSI
Cash + ST InvestmentsLiquidity on hand
$250.8M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$415.7M
$18.4M
Total Assets
$455.1M
$25.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLDP
SLDP
SMSI
SMSI
Q4 25
$250.8M
$1.5M
Q3 25
$251.2M
$1.4M
Q2 25
$230.9M
$1.4M
Q1 25
$240.9M
$2.3M
Q4 24
$118.2M
$2.8M
Q3 24
$132.0M
$1.5M
Q2 24
$140.5M
$5.6M
Q1 24
$146.6M
$6.2M
Stockholders' Equity
SLDP
SLDP
SMSI
SMSI
Q4 25
$415.7M
$18.4M
Q3 25
$381.2M
$19.9M
Q2 25
$370.6M
$22.4M
Q1 25
$397.1M
$36.6M
Q4 24
$410.3M
$40.8M
Q3 24
$439.4M
$37.7M
Q2 24
$456.8M
$42.9M
Q1 24
$479.4M
$45.4M
Total Assets
SLDP
SLDP
SMSI
SMSI
Q4 25
$455.1M
$25.0M
Q3 25
$416.1M
$27.1M
Q2 25
$398.0M
$29.6M
Q1 25
$419.4M
$43.4M
Q4 24
$448.3M
$48.0M
Q3 24
$470.9M
$46.2M
Q2 24
$492.6M
$53.0M
Q1 24
$516.2M
$55.4M

Cash Flow & Capital Efficiency

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

Metric
SLDP
SLDP
SMSI
SMSI
Operating Cash FlowLast quarter
$-18.4M
$-2.2M
Free Cash FlowOCF − Capex
$-23.0M
FCF MarginFCF / Revenue
-633.0%
Capex IntensityCapex / Revenue
126.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLDP
SLDP
SMSI
SMSI
Q4 25
$-18.4M
$-2.2M
Q3 25
$-14.3M
$-2.1M
Q2 25
$-14.4M
$-2.3M
Q1 25
$-26.3M
$-602.0K
Q4 24
$-13.9M
$-4.9M
Q3 24
$-9.9M
$-3.8M
Q2 24
$-11.1M
$-4.2M
Q1 24
$-29.1M
$-1.3M
Free Cash Flow
SLDP
SLDP
SMSI
SMSI
Q4 25
$-23.0M
Q3 25
$-14.8M
$-2.2M
Q2 25
$-17.1M
Q1 25
$-28.6M
$-606.0K
Q4 24
$-18.6M
$-4.9M
Q3 24
$-12.6M
$-3.8M
Q2 24
$-15.5M
$-4.2M
Q1 24
$-33.1M
$-1.3M
FCF Margin
SLDP
SLDP
SMSI
SMSI
Q4 25
-633.0%
Q3 25
-397.6%
-49.6%
Q2 25
-264.2%
Q1 25
-476.1%
-13.1%
Q4 24
-416.5%
-99.2%
Q3 24
-271.5%
-82.2%
Q2 24
-305.8%
-82.0%
Q1 24
-556.3%
-23.3%
Capex Intensity
SLDP
SLDP
SMSI
SMSI
Q4 25
126.5%
Q3 25
15.3%
0.5%
Q2 25
41.5%
Q1 25
39.1%
0.1%
Q4 24
105.5%
0.1%
Q3 24
59.7%
0.1%
Q2 24
86.8%
0.1%
Q1 24
68.1%
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLDP
SLDP

Segment breakdown not available.

SMSI
SMSI

Family Safety$3.2M80%
Other$797.0K20%

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