Phunware Q2 FY26 net loss widens to $5.25 million; revenue rises 76% to $799,000
PHUN•Q2 revenue rises, but net loss widens
Phunware posted Q2 net revenue of USD 799,000, up 76% year over year; gross margin rose 27.2 percentage points to 69%.
Net loss widened to USD 5.25 million, or USD 0.26 per share; adjusted EBITDA loss (non-GAAP) widened to USD 5.53 million.
Cash and cash equivalents totaled USD 92.13 million at June 30, 2026, with no debt; net cash used in operations was USD 8.45 million.
Leadership changes and business updates
Phunware appointed Dmitry Kroshka as CEO; hired Nick Farrell as SVP of Sales and Brent McMahan as Senior Director of Sales to expand hospitality efforts.
AI Concierge remained commercially deployed; management flagged investor webinars, regular progress updates, and a comprehensive investor presentation.
