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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $166.19M | $191.24M | $195.69M | $245.32M | $313.83M | $313.83M |
| Cost of Revenue | - | - | - | $178.41M | $186.47M | $222.99M |
| Gross Profit | $71.00M | $68.80M | $52.45M | $66.91M | $75.92M | $90.84M |
| R&D | $19.80M | $20.60M | $21.51M | $59.24M | $52.67M | $44.95M |
| SG&A | $20.76M | $17.24M | $20.72M | $27.34M | $28.25M | $30.69M |
| Total Operating Expenses | $66.68M | $67.08M | $88.74M | $124.83M | $122.45M | $115.98M |
| D&A | $8.45M | $12.53M | $22.52M | $27.21M | $25.33M | $27.95M |
| Operating Income | $4.32M | $1.72M | ($36.28M) | ($57.92M) | ($46.52M) | ($25.13M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $44.0K | $689.0K | $885.0K | ($465.0K) | $191.0K | $748.0K |
| Net Income | $838.0K | $4.57M | ($49.18M) | ($67.97M) | ($48.13M) | ($111.22M) |
| EPS - Basic | ($0.18) | $0.10 | ($4.32) | ($6.60) | ($11.90) | - |
| EPS - Diluted | ($0.18) | $0.10 | ($4.32) | ($6.60) | ($11.90) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.89M | $39.60M | $7.52M | $7.14M | $46.47M | $40.02M |
| Accounts Receivable | $25.09M | $13.80M | $22.62M | $25.26M | $26.78M | $29.94M |
| Inventory | $7.73M | $13.57M | $22.88M | $37.98M | $37.40M | $33.95M |
| Accounts Payable | $23.58M | $18.43M | $24.80M | $29.02M | $48.58M | $52.34M |
| Current Assets | $64.09M | $72.90M | $58.23M | $78.36M | $127.62M | $114.11M |
| Total Assets | $93.81M | $100.00M | $121.80M | $159.02M | $215.84M | $227.39M |
| Current Liabilities | $48.44M | $63.47M | $55.91M | $56.96M | $74.83M | $75.71M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $97.85M | $112.86M | $223.90M | $229.13M | $240.70M | $255.29M |
| Stockholders' Equity | ($4.04M) | ($12.86M) | ($102.11M) | ($70.12M) | ($24.85M) | ($27.81M) |
| Retained Earnings | ($908.36M) | ($905.63M) | ($906.93M) | ($857.75M) | ($787.05M) | ($732.42M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.20M | $33.52M | $7.17M | ($33.29M) | ($25.21M) | $20.05M |
| Investing Cash Flow | ($8.57M) | $43.03M | ($10.17M) | ($13.32M) | $6.08M | ($34.71M) |
| Financing Cash Flow | ($13.43M) | ($38.78M) | $2.21M | $5.43M | $29.92M | $42.08M |
| CapEx | $661.0K | $100.0K | $704.0K | $1.48M | $4.93M | $5.74M |
| Free Cash Flow | $6.53M | $33.42M | $6.46M | ($34.77M) | ($30.14M) | $14.31M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 42.7% | 36.0% | 26.8% | 27.3% | 24.2% | 28.9% |
| Operating margin | 2.6% | 0.9% | -18.5% | -23.6% | -14.8% | -8.0% |
| EBITDA margin | 7.7% | 7.4% | -7.0% | -12.5% | -6.8% | 0.9% |
| Net margin | 0.5% | 2.4% | -25.1% | -27.7% | -15.3% | -35.4% |
| Free cash flow margin | 3.9% | 17.5% | 3.3% | -14.2% | -9.6% | 4.6% |
| FCF / Net income | 7.80 | 7.31 | -0.13 | 0.51 | 0.63 | -0.13 |
| R&D / Revenue | 11.9% | 10.8% | 11.0% | 24.1% | 16.8% | 14.3% |
| SG&A / Revenue | 12.5% | 9.0% | 10.6% | 11.1% | 9.0% | 9.8% |
| Effective tax rate | 5.0% | 13.1% | - | - | - | - |
| Return on assets | 0.9% | 4.6% | -40.4% | -42.7% | -22.3% | -48.9% |
| Return on equity | -20.7% | -35.6% | 48.2% | 96.9% | 193.6% | 399.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.32 | 1.15 | 1.04 | 1.38 | 1.71 | 1.51 |
| Quick ratio | 1.16 | 0.93 | 0.63 | 0.71 | 1.21 | 1.06 |
| Cash ratio | 0.51 | 0.62 | 0.13 | 0.13 | 0.62 | 0.53 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | -23.20 | -7.78 | -1.19 | -2.27 | -8.68 | -8.18 |
| Liabilities / Assets | 1.04 | 1.13 | 1.84 | 1.44 | 1.12 | 1.12 |
| Efficiency | ||||||
| Asset turnover | 1.77 | 1.91 | 1.61 | 1.54 | 1.45 | 1.38 |
| Inventory turnover | - | - | - | 4.70 | 4.99 | 6.57 |
| Days sales outstanding | 55d | 26d | 42d | 38d | 31d | 35d |
| Days inventory outstanding | - | - | - | 78d | 73d | 56d |
| Days payable outstanding | - | - | - | 59d | 95d | 86d |
| Cash conversion cycle | - | - | - | 56d | 9d | 5d |
| Valuation | ||||||
| P / E | - | 102.6x | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | 0.9x | 0.7x | 0.1x | 3.7x | 17.9x | - |
| EV / EBITDA | 10.2x | 6.2x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -13.1% | -2.3% | -20.2% | -21.8% | 0.0% | 43.0% |
| Revenue CAGR (3y) | -12.2% | -15.2% | -14.6% | 3.8% | 15.7% | 12.7% |
| Revenue CAGR (5y) | -11.9% | -2.7% | -0.7% | 2.3% | 5.2% | 7.3% |
| Gross profit growth (YoY) | 3.2% | 31.2% | -21.6% | -11.9% | -16.4% | 42.0% |
| Operating income growth (YoY) | 151.7% | - | 37.4% | -24.5% | -85.1% | -28.6% |
| Net income growth (YoY) | -81.7% | - | 27.6% | -41.2% | 56.7% | -177.2% |
| EPS growth (YoY) | - | - | 34.5% | 44.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -80.4% | 417.2% | - | -15.4% | - | - |
| FCF CAGR (5y) | -14.5% | - | - | - | - | - |
| Book value growth (YoY) | 68.5% | 87.4% | -45.6% | -182.1% | 10.6% | 25.3% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-6.19
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing INSEEGO CORP. against the 5 most active filers in the same SIC group.