Phunware reported second-quarter 2026 financial results with net revenue surging 76% year-over-year to $0.8 million, while gross margin expanded to 69% from 41.8% a year earlier. The company maintained a cash position of $92.1 million with no debt as of June 30, 2026, providing flexibility for its 2.0 Strategy focused on an AI-enabled Guest Intelligence Platform for hospitality and healthcare. Net loss widened to $5.2 million, or $0.26 per share, from $3.1 million, or $0.16 per share, reflecting increased investment in product, sales, and marketing. Phunware also announced the appointment of Dmitry Kroshka as CEO and the hiring of sales and AI veterans to lead its next growth phase, while customer retention remained above 95%.
Phunware IncRevenue up 76%, gross margin expanded to 69%, and cash position strong with no debt.
