INSG · Inseego Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.34M | - | $45.89M | $40.22M | $31.67M | - | $54.03M | $59.15M | $45.01M | - |
| Cost of Revenue | - | - | - | - | - | - | $35.23M | $36.11M | $27.62M | - |
| Gross Profit | $16.60M | - | $19.08M | $16.52M | $14.98M | - | $18.80M | $23.04M | $17.39M | - |
| R&D | $5.81M | - | $4.88M | $4.82M | $4.54M | - | $5.18M | $5.49M | $5.04M | - |
| SG&A | $6.94M | - | $5.69M | $4.70M | $4.49M | - | $4.82M | $5.80M | $4.98M | - |
| Total Operating Expenses | $20.16M | - | $16.93M | $15.23M | $15.41M | - | $17.78M | $20.69M | $19.08M | - |
| D&A | $1.81M | - | $2.16M | $1.76M | $2.10M | - | $3.15M | $4.01M | $4.38M | - |
| Operating Income | ($3.57M) | - | $2.15M | $1.28M | ($424.0K) | - | $1.02M | $2.35M | ($1.68M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $34.0K | - | ($36.0K) | $22.0K | $23.0K | - | $36.0K | $306.0K | $237.0K | - |
| Net Income | ($4.54M) | - | $1.43M | $507.0K | ($1.57M) | - | $8.97M | $624.0K | ($4.46M) | - |
| EPS - Basic | $0.66 | - | $0.03 | ($0.03) | ($0.16) | - | $0.66 | ($0.02) | ($0.44) | - |
| EPS - Diluted | $0.65 | - | $0.03 | ($0.03) | ($0.16) | - | ($0.06) | ($0.02) | ($0.44) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $19.30M | $24.89M | $14.56M | $13.22M | $35.15M | $39.60M | $11.97M | $48.99M | $12.30M | $7.52M |
| Accounts Receivable | $15.72M | $25.09M | $27.56M | $24.07M | $12.09M | $13.80M | $15.61M | $20.73M | $23.48M | $22.62M |
| Inventory | $12.54M | $7.73M | $8.60M | $15.04M | $15.11M | $13.57M | $18.12M | $18.01M | $20.80M | $22.88M |
| Accounts Payable | $24.74M | $23.58M | $18.78M | $22.40M | $18.06M | $18.43M | $35.46M | $30.74M | $24.01M | $24.80M |
| Current Assets | $53.26M | $64.09M | $56.98M | $56.18M | $66.16M | $72.90M | $85.10M | $93.13M | $63.10M | $58.23M |
| Total Assets | $84.16M | $93.81M | $85.81M | $83.07M | $93.00M | $100.00M | $113.39M | $149.56M | $122.07M | $121.80M |
| Current Liabilities | $52.14M | $48.44M | $43.86M | $46.24M | $59.06M | $63.47M | $188.85M | $239.10M | $59.49M | $55.91M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $109.57M | $97.85M | $93.53M | $93.57M | $105.99M | $112.86M | $198.45M | $251.33M | $227.66M | $223.90M |
| Stockholders' Equity | ($25.41M) | ($4.04M) | ($7.72M) | ($10.50M) | ($12.99M) | ($12.86M) | ($85.06M) | ($101.76M) | ($105.59M) | ($102.11M) |
| Retained Earnings | ($897.80M) | ($908.36M) | ($907.91M) | ($908.43M) | ($908.06M) | ($905.63M) | ($904.22M) | ($912.36M) | ($912.17M) | ($906.93M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.72M | - | - | - | ($3.47M) | - | - | - | $4.55M | - |
| Investing Cash Flow | ($3.95M) | - | - | - | ($1.01M) | - | - | - | ($577.0K) | - |
| Financing Cash Flow | ($3.33M) | - | - | - | $42.0K | - | - | - | $583.0K | - |
| CapEx | $131.0K | - | - | - | $32.0K | - | - | - | $0 | - |
| Free Cash Flow | $1.58M | - | - | - | ($3.50M) | - | - | - | $4.55M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.3% | - | 41.6% | 41.1% | 47.3% | - | 34.8% | 39.0% | 38.6% | - |
| Operating margin | -10.4% | - | 4.7% | 3.2% | -1.3% | - | 1.9% | 4.0% | -3.7% | - |
| EBITDA margin | -5.1% | - | 9.4% | 7.6% | 5.3% | - | 7.7% | 10.7% | 6.0% | - |
| Net margin | -13.2% | - | 3.1% | 1.3% | -5.0% | - | 16.6% | 1.1% | -9.9% | - |
| Free cash flow margin | 4.6% | - | - | - | -11.0% | - | - | - | 10.1% | - |
| FCF / Net income | -0.35 | - | - | - | 2.23 | - | - | - | -1.02 | - |
| R&D / Revenue | 16.9% | - | 10.6% | 12.0% | 14.3% | - | 9.6% | 9.3% | 11.2% | - |
| SG&A / Revenue | 20.2% | - | 12.4% | 11.7% | 14.2% | - | 8.9% | 9.8% | 11.1% | - |
| Effective tax rate | - | - | -2.6% | 4.2% | - | - | 0.4% | 32.9% | - | - |
| Return on assets | -5.4% | - | 1.7% | 0.6% | -1.7% | - | 7.9% | 0.4% | -3.6% | - |
| Return on equity | 17.8% | - | -18.6% | -4.8% | 12.1% | - | -10.5% | -0.6% | 4.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 1.32 | 1.30 | 1.21 | 1.12 | 1.15 | 0.45 | 0.39 | 1.06 | 1.04 |
| Quick ratio | 0.78 | 1.16 | 1.10 | 0.89 | 0.86 | 0.93 | 0.35 | 0.31 | 0.71 | 0.63 |
| Cash ratio | 0.37 | 0.51 | 0.33 | 0.29 | 0.60 | 0.62 | 0.06 | 0.20 | 0.21 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -3.31 | -23.20 | -11.12 | -7.91 | -7.16 | -7.78 | -1.33 | -1.47 | -1.16 | -1.19 |
| Liabilities / Assets | 1.30 | 1.04 | 1.09 | 1.13 | 1.14 | 1.13 | 1.75 | 1.68 | 1.87 | 1.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.41 | - | 0.53 | 0.48 | 0.34 | - | 0.48 | 0.40 | 0.37 | - |
| Inventory turnover | - | - | - | - | - | - | 1.94 | 2.01 | 1.33 | - |
| Days sales outstanding | 167d | - | 219d | 218d | 139d | - | 105d | 128d | 190d | - |
| Days inventory outstanding | - | - | - | - | - | - | 188d | 182d | 275d | - |
| Days payable outstanding | - | - | - | - | - | - | 367d | 311d | 317d | - |
| Cash conversion cycle | - | - | - | - | - | - | -74d | -1d | 148d | - |
| Valuation | ||||||||||
| P / E | 17.1x | - | 499.0x | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 5.3x | - | 5.1x | 3.1x | 3.9x | - | 4.0x | 2.1x | 0.7x | - |
| EV / EBITDA | - | - | 50.4x | 36.4x | 52.2x | - | 48.9x | 12.2x | 7.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.4% | - | -15.1% | -32.0% | -29.6% | - | 11.2% | 10.4% | -11.4% | - |
| Revenue CAGR (3y) | -12.2% | - | -12.8% | -13.4% | -19.8% | - | -6.6% | -3.4% | -7.9% | - |
| Revenue CAGR (5y) | -9.8% | - | -12.6% | -13.0% | -11.0% | - | -2.9% | 1.1% | -1.5% | - |
| Gross profit growth (YoY) | 10.8% | - | 1.5% | -28.3% | -13.9% | - | 892.1% | 21.9% | -4.4% | - |
| Operating income growth (YoY) | -741.0% | - | 112.1% | -45.5% | 74.8% | - | - | - | 53.1% | - |
| Net income growth (YoY) | -188.9% | - | -84.0% | -18.8% | 64.8% | - | - | - | 12.7% | - |
| EPS growth (YoY) | - | - | - | -50.0% | 63.6% | - | 68.4% | 60.0% | -780.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -40.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -95.6% | 68.5% | 90.9% | 89.7% | 87.7% | 87.4% | 6.3% | -43.7% | -45.2% | -45.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$166.19M totalReportable Segment$166.19M · 100.0%
Product / service
$283.87M totalProduct$117.68M · 41.5%
Mobile Solutions$67.93M · 23.9%
Fixed Wireless Access Solutions$49.75M · 17.5%
Software Services And Other$48.51M · 17.1%
Geographic
$166.19M totalUnited States And Canada$164.26M · 98.8%
Europe$1.70M · 1.0%
Other Geographic Regions$232.0K · 0.1%
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing INSEEGO CORP. against the 5 most active filers in the same SIC group.