Annual report [Section 13 and 15(d), not S-K Item 405]

Cover Page

v3.26.1
Cover Page - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Mar. 16, 2026
Jun. 30, 2025
Cover [Abstract]        
Document Type 10-K      
Document Annual Report true      
Document Period End Date Dec. 31, 2025      
Current Fiscal Year End Date --12-31      
Document Transition Report false      
Entity File Number 001-37862      
Entity Registrant Name PHUNWARE, INC.      
Entity Incorporation, State or Country Code DE      
Entity Tax Identification Number 30-1205798      
Entity Address, Address Line One 1002 West Avenue      
Entity Address, City or Town Austin      
Entity Address, State or Province TX      
Entity Address, Postal Zip Code 78701      
City Area Code 512      
Local Phone Number 693-4199      
Title of 12(b) Security Common Stock, par value $0.0001 per share      
Trading Symbol PHUN      
Security Exchange Name NASDAQ      
Entity Well-known Seasoned Issuer No      
Entity Voluntary Filers No      
Entity Current Reporting Status Yes      
Entity Interactive Data Current Yes      
Entity Filer Category Non-accelerated Filer      
Entity Small Business true      
Entity Emerging Growth Company false      
ICFR Auditor Attestation Flag false      
Document Financial Statement Error Correction [Flag] false      
Entity Shell Company false      
Entity Public Float       $ 6,378,668
Entity Common Stock, Shares Outstanding     20,190,878  
Documents Incorporated by Reference

None.

     
Entity Central Index Key 0001665300      
Amendment Flag false      
Document Fiscal Period Focus FY      
Document Fiscal Year Focus 2025      
Auditor Name CBIZ CPAs P.C. Marcum LLP    
Auditor Firm ID 688 199    
Auditor Location Houston, TX Houston, TX    
Auditor Opinion [Text Block]

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheet of Phunware, Inc. (the “Company”) as of December 31, 2025, the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity and cash flows for the year ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, based on our audit, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

As discussed in Notes 3 and 11 to the financial statements, the Company adopted ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). We have also audited the adjustments to the 2024 financial statements to retrospectively adjust the disclosures for the adoption of ASU 2023-09 in 2025. In our opinion, such retrospective adjustments are appropriate and have been properly applied. We were not engaged to audit, review, or apply any procedures to the 2024 financial statements of the Company other than with respect to these retrospective adjustments, and accordingly, we do not express an opinion or any other form of assurance on the 2024 financial statements taken as a whole.

Opinion on the Financial Statements

 

We have audited, before the effects of the retrospective adjustments to the disclosures for the adoption of ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”) as discussed in Notes 3 and 11 to the consolidated financial statements, the accompanying consolidated balance sheet of Phunware, Inc. (the “Company”) as of December 31, 2024, the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity (deficit) and cash flows for the year ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”) (the 2024 financial statements before the effects of the adjustments discussed in Notes 3 and 11 to the financial statements are not presented herein). In our opinion, based on our audit, the financial statements, before the effects of the retrospective adjustments to the disclosures for the adoption of ASU 2023-09 as discussed in Notes 3 and 11 to the financial statements, present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

 

We were not engaged to audit, review, or apply any procedures to the retrospective adjustments to the disclosures for the adoption of ASU 2023-09 as discussed in Notes 3 and 11 to the financial statements and, accordingly, we do not express an opinion or any other form of assurance about whether such adjustments are appropriate and have been properly applied. Those retrospective adjustments were audited by CBIZ CPAs P.C.