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Side-by-side financial comparison of SMITH MICRO SOFTWARE, INC. (SMSI) and Twin Vee PowerCats, Co. (VEEE). 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 $3.0M, roughly 1.3× Twin Vee PowerCats, Co.). On growth, Twin Vee PowerCats, Co. posted the faster year-over-year revenue change (60.4% vs -20.0%). Over the past eight quarters, SMITH MICRO SOFTWARE, INC.'s revenue compounded faster (-17.2% CAGR vs -24.3%).

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...

Twin Vee PowerCats Co. is a leading manufacturer of high-performance recreational power catamaran boats. The company offers a diverse lineup of catamaran models suited for leisure cruising, fishing, water sports, and commercial marine use, serving customers primarily across North America, with a growing distribution network in global coastal markets.

SMSI vs VEEE — Head-to-Head

Bigger by revenue
SMSI
SMSI
1.3× larger
SMSI
$4.0M
$3.0M
VEEE
Growing faster (revenue YoY)
VEEE
VEEE
+80.4% gap
VEEE
60.4%
-20.0%
SMSI
Faster 2-yr revenue CAGR
SMSI
SMSI
Annualised
SMSI
-17.2%
-24.3%
VEEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMSI
SMSI
VEEE
VEEE
Revenue
$4.0M
$3.0M
Net Profit
$-2.6M
Gross Margin
76.4%
3.7%
Operating Margin
-109.8%
-87.7%
Net Margin
-85.6%
Revenue YoY
-20.0%
60.4%
Net Profit YoY
-119.0%
EPS (diluted)
$-0.15
$-1.19

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
SMSI
SMSI
VEEE
VEEE
Q4 25
$4.0M
$3.0M
Q3 25
$4.3M
$3.4M
Q2 25
$4.4M
$4.8M
Q1 25
$4.6M
$3.6M
Q4 24
$5.0M
$1.9M
Q3 24
$4.6M
$2.9M
Q2 24
$5.1M
$4.3M
Q1 24
$5.8M
$5.3M
Net Profit
SMSI
SMSI
VEEE
VEEE
Q4 25
$-2.6M
Q3 25
$-4.5M
$-2.8M
Q2 25
$-15.1M
$-1.7M
Q1 25
$-5.2M
$-1.6M
Q4 24
$-1.2M
Q3 24
$-6.4M
$-3.0M
Q2 24
$-6.9M
$-4.5M
Q1 24
$-31.0M
$-2.3M
Gross Margin
SMSI
SMSI
VEEE
VEEE
Q4 25
76.4%
3.7%
Q3 25
73.9%
-1.3%
Q2 25
73.5%
13.8%
Q1 25
72.8%
14.9%
Q4 24
75.6%
-57.6%
Q3 24
71.6%
-5.0%
Q2 24
68.7%
4.7%
Q1 24
65.7%
5.3%
Operating Margin
SMSI
SMSI
VEEE
VEEE
Q4 25
-109.8%
-87.7%
Q3 25
-103.2%
-81.0%
Q2 25
-338.3%
-35.2%
Q1 25
-112.7%
-46.5%
Q4 24
-89.7%
-224.9%
Q3 24
-140.0%
-107.3%
Q2 24
-135.8%
-107.7%
Q1 24
-542.4%
-48.2%
Net Margin
SMSI
SMSI
VEEE
VEEE
Q4 25
-85.6%
Q3 25
-104.3%
-80.4%
Q2 25
-340.8%
-34.8%
Q1 25
-112.1%
-44.6%
Q4 24
-62.7%
Q3 24
-137.0%
-103.7%
Q2 24
-134.8%
-104.4%
Q1 24
-534.8%
-44.3%
EPS (diluted)
SMSI
SMSI
VEEE
VEEE
Q4 25
$-0.15
$-1.19
Q3 25
$-0.25
$-1.23
Q2 25
$-0.78
$-0.87
Q1 25
$-0.28
$-1.08
Q4 24
$0.54
$-3.51
Q3 24
$-0.54
$-2.64
Q2 24
$-0.66
$-3.09
Q1 24
$-3.28
$-1.77

Balance Sheet & Financial Strength

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

Metric
SMSI
SMSI
VEEE
VEEE
Cash + ST InvestmentsLiquidity on hand
$1.5M
$1.4M
Total DebtLower is stronger
$499.9K
Stockholders' EquityBook value
$18.4M
$13.5M
Total Assets
$25.0M
$16.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMSI
SMSI
VEEE
VEEE
Q4 25
$1.5M
$1.4M
Q3 25
$1.4M
$2.7M
Q2 25
$1.4M
$6.0M
Q1 25
$2.3M
$4.9M
Q4 24
$2.8M
$7.5M
Q3 24
$1.5M
$11.1M
Q2 24
$5.6M
$14.9M
Q1 24
$6.2M
$17.1M
Total Debt
SMSI
SMSI
VEEE
VEEE
Q4 25
$499.9K
Q3 25
$499.9K
Q2 25
$499.9K
Q1 25
$499.9K
Q4 24
$499.9K
Q3 24
$499.9K
Q2 24
$499.9K
Q1 24
$499.9K
Stockholders' Equity
SMSI
SMSI
VEEE
VEEE
Q4 25
$18.4M
$13.5M
Q3 25
$19.9M
$15.9M
Q2 25
$22.4M
$18.6M
Q1 25
$36.6M
$17.7M
Q4 24
$40.8M
$19.2M
Q3 24
$37.7M
$17.4M
Q2 24
$42.9M
$19.6M
Q1 24
$45.4M
$22.3M
Total Assets
SMSI
SMSI
VEEE
VEEE
Q4 25
$25.0M
$16.2M
Q3 25
$27.1M
$18.9M
Q2 25
$29.6M
$22.4M
Q1 25
$43.4M
$23.6M
Q4 24
$48.0M
$25.9M
Q3 24
$46.2M
$30.1M
Q2 24
$53.0M
$33.8M
Q1 24
$55.4M
$36.5M
Debt / Equity
SMSI
SMSI
VEEE
VEEE
Q4 25
0.04×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.03×
Q2 24
0.03×
Q1 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
SMSI
SMSI
VEEE
VEEE
Operating Cash FlowLast quarter
$-2.2M
$-1.7M
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-62.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMSI
SMSI
VEEE
VEEE
Q4 25
$-2.2M
$-1.7M
Q3 25
$-2.1M
$-2.6M
Q2 25
$-2.3M
$-745.6K
Q1 25
$-602.0K
$-1.7M
Q4 24
$-4.9M
$-2.3M
Q3 24
$-3.8M
$-2.4M
Q2 24
$-4.2M
$-482.1K
Q1 24
$-1.3M
$-1.7M
Free Cash Flow
SMSI
SMSI
VEEE
VEEE
Q4 25
$-1.9M
Q3 25
$-2.2M
$-3.1M
Q2 25
$-1.5M
Q1 25
$-606.0K
$-2.6M
Q4 24
$-4.9M
$-3.6M
Q3 24
$-3.8M
$-3.7M
Q2 24
$-4.2M
$-2.2M
Q1 24
$-1.3M
$-3.7M
FCF Margin
SMSI
SMSI
VEEE
VEEE
Q4 25
-62.5%
Q3 25
-49.6%
-91.2%
Q2 25
-30.6%
Q1 25
-13.1%
-71.0%
Q4 24
-99.2%
-192.8%
Q3 24
-82.2%
-128.8%
Q2 24
-82.0%
-51.0%
Q1 24
-23.3%
-70.9%
Capex Intensity
SMSI
SMSI
VEEE
VEEE
Q4 25
4.6%
Q3 25
0.5%
14.0%
Q2 25
14.9%
Q1 25
0.1%
22.9%
Q4 24
0.1%
68.8%
Q3 24
0.1%
45.8%
Q2 24
0.1%
39.9%
Q1 24
0.1%
37.7%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMSI
SMSI

Family Safety$3.2M80%
Other$797.0K20%

VEEE
VEEE

Segment breakdown not available.

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