What is Inseego Corp's earnings per share (EPS)?

Inseego Corp (INSG) reported diluted earnings per share of $-0.18 for fiscal year 2025. This represents a -280.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Inseego Corp Financials

INSG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Inseego Corp (INSG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 24/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Inseego Corp has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from 0.9% the prior year.

Growth

Inseego Corp's revenue declined 13.1% year-over-year, from $191.2M to $166.2M. This contraction results in a growth score of 11/100.

Liquidity

Inseego Corp's current ratio of 1.32 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

Inseego Corp has a free cash flow margin of 3.9%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Distress

-10.23

Inseego Corp scores -10.23, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($196.2M) relative to total liabilities ($97.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Inseego Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

8.59x

For every $1 of reported earnings, Inseego Corp generates $8.59 in operating cash flow ($7.2M OCF vs $838K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$166.2M

YoY-13.1%

5Y CAGR-11.9%

10Y CAGR-2.8%

Inseego Corp generated $166.2M in revenue in fiscal year 2025. This represents a decrease of 13.1% from the prior year.

EBITDA

$12.8M

YoY-10.4%

5Y CAGR+35.3%

Inseego Corp's EBITDA was $12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.4% from the prior year.

Net Income

$838K

YoY-81.7%

Inseego Corp reported $838K in net income in fiscal year 2025. This represents a decrease of 81.7% from the prior year.

EPS (Diluted)

$-0.18

YoY-280.0%

Inseego Corp earned $-0.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 280.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$6.5M

YoY-80.4%

5Y CAGR-14.5%

Inseego Corp generated $6.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 80.4% from the prior year.

Cash & Debt

$24.9M

YoY-37.2%

5Y CAGR-9.1%

10Y CAGR+7.1%

Inseego Corp held $24.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

YoY+8.1%

Inseego Corp had 16M shares outstanding in fiscal year 2025. This represents an increase of 8.1% from the prior year.

Margins & Returns

Gross Margin

42.7%

YoY+6.8pp

5Y CAGR+13.8pp

10Y CAGR+16.0pp

Inseego Corp's gross margin was 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.8 percentage points from the prior year.

Operating Margin

2.6%

YoY+1.7pp

5Y CAGR+10.6pp

10Y CAGR+19.7pp

Inseego Corp's operating margin was 2.6% in fiscal year 2025, reflecting core business profitability. This is up 1.7 percentage points from the prior year.

Net Margin

0.5%

YoY-1.9pp

5Y CAGR+35.9pp

10Y CAGR+24.2pp

Inseego Corp's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$19.8M

YoY-3.9%

5Y CAGR-15.1%

10Y CAGR-5.7%

Inseego Corp invested $19.8M in research and development in fiscal year 2025. This represents a decrease of 3.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$661K

YoY+561.0%

5Y CAGR-35.1%

10Y CAGR-10.4%

Inseego Corp invested $661K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 561.0% from the prior year.

INSG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$166.2M-13.1%	$191.2M+14.3%	$167.3M-31.8%	$245.3M-6.5%	$262.4M-16.4%	$313.8M
Cost of Revenue	$95.2M-22.3%	$122.4M-6.9%	$131.5M-26.3%	$178.4M-4.3%	$186.5M-16.4%	$223.0M
Gross Profit	$71.0M+3.2%	$68.8M+92.3%	$35.8M-46.5%	$66.9M-11.9%	$75.9M-16.4%	$90.8M
R&D Expenses	$19.8M-3.9%	$20.6M+4.4%	$19.7M-48.5%	$38.3M-27.3%	$52.7M+17.2%	$45.0M
SG&A Expenses	$20.8M+20.4%	$17.2M+8.7%	$15.9M-39.5%	$26.2M-7.2%	$28.3M-7.9%	$30.7M
Operating Income	$4.3M+151.7%	$1.7M+104.8%	-$36.0M+37.9%	-$57.9M-24.5%	-$46.5M-85.1%	-$25.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$44K-93.6%	$689K+1502.3%	$43K+109.2%	-$465K-343.5%	$191K-74.5%	$748K
Net Income	$838K-81.7%	$4.6M+109.9%	-$46.2M+32.0%	-$68.0M-41.2%	-$48.1M+56.7%	-$111.2M
EPS (Diluted)	$-0.18-280.0%	$0.10+102.3%	$-4.32+34.4%	$-6.59	$-0.51+57.1%	$-1.19

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$48.4M+5.5%	$45.9M+14.1%	$40.2M+27.0%	$31.7M-34.1%	$48.1M-11.0%	$54.0M+4.7%	$51.6M+37.6%	$37.5M
Cost of Revenue	$28.0M+4.4%	$26.8M+13.1%	$23.7M+42.0%	$16.7M-28.9%	$23.5M-33.3%	$35.2M-2.4%	$36.1M+30.7%	$27.6M
Gross Profit	$20.4M+7.0%	$19.1M+15.6%	$16.5M+10.2%	$15.0M-16.5%	$17.9M-4.6%	$18.8M0.0%	$18.8M+42.0%	$13.2M
R&D Expenses	$5.6M+14.1%	$4.9M+1.2%	$4.8M+6.3%	$4.5M-18.5%	$5.6M+7.5%	$5.2M+0.1%	$5.2M+10.5%	$4.7M
SG&A Expenses	$5.9M+3.3%	$5.7M+21.0%	$4.7M+4.7%	$4.5M-1.2%	$4.5M-5.7%	$4.8M+23.1%	$3.9M-0.9%	$4.0M
Operating Income	$1.3M-39.4%	$2.2M+68.4%	$1.3M+401.9%	-$424K-123.7%	$1.8M+76.2%	$1.0M-45.2%	$1.9M+163.0%	-$2.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$35K+197.2%	-$36K-263.6%	$22K-4.3%	$23K-95.6%	$518K+1338.9%	$36K-69.5%	$118K+594.1%	$17K
Net Income	$469K-67.2%	$1.4M+182.4%	$507K+132.3%	-$1.6M-177.4%	-$566K-106.3%	$9.0M+1337.3%	$624K+114.0%	-$4.5M
EPS (Diluted)	N/A	$0.03+200.0%	$-0.03+81.3%	$-0.16	N/A	$-0.06-200.0%	$-0.02+95.5%	$-0.44

INSG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$93.8M-6.2%	$100.0M-17.9%	$121.8M-23.9%	$159.9M-25.9%	$215.8M-5.1%	$227.4M
Current Assets	$64.1M-12.1%	$72.9M+25.2%	$58.2M-25.7%	$78.4M-38.6%	$127.6M+11.8%	$114.1M
Cash & Equivalents	$24.9M-37.2%	$39.6M+1543.7%	$2.4M-66.3%	$7.1M-84.6%	$46.5M+16.1%	$40.0M
Inventory	$7.7M-43.1%	$13.6M-34.0%	$20.6M-45.9%	$38.0M+1.5%	$37.4M+10.2%	$34.0M
Accounts Receivable	$25.1M+81.7%	$13.8M-24.2%	$18.2M-27.9%	$25.3M-5.7%	$26.8M-10.6%	$29.9M
Goodwill	$3.9M0.0%	$3.9M0.0%	$3.9M-82.0%	$21.9M+7.8%	$20.3M-37.4%	$32.5M
Total Liabilities	$97.9M-13.3%	$112.9M-49.6%	$223.9M-2.7%	$230.1M-4.4%	$240.7M-5.7%	$255.3M
Current Liabilities	$48.4M-23.7%	$63.5M+13.5%	$55.9M-1.8%	$57.0M-23.9%	$74.8M-1.2%	$75.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.0M+68.5%	-$12.9M+87.4%	-$102.1M-45.6%	-$70.1M-182.1%	-$24.9M+10.6%	-$27.8M
Retained Earnings	-$908.4M-0.3%	-$905.6M+0.1%	-$906.9M-5.7%	-$857.8M-9.0%	-$787.0M-7.5%	-$732.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$93.8M+9.3%	$85.8M+3.3%	$83.1M-10.7%	$93.0M-7.0%	$100.0M-11.8%	$113.4M-24.2%	$149.6M+22.5%	$122.1M
Current Assets	$64.1M+12.5%	$57.0M+1.4%	$56.2M-15.1%	$66.2M-9.2%	$72.9M-14.3%	$85.1M-8.6%	$93.1M+47.6%	$63.1M
Cash & Equivalents	$24.9M+70.9%	$14.6M+10.1%	$13.2M-62.4%	$35.1M-11.2%	$39.6M+230.7%	$12.0M-75.6%	$49.0M+298.4%	$12.3M
Inventory	$7.7M-10.2%	$8.6M-42.8%	$15.0M-0.4%	$15.1M+11.3%	$13.6M-25.1%	$18.1M+0.6%	$18.0M-13.4%	$20.8M
Accounts Receivable	$25.1M-9.0%	$27.6M+14.5%	$24.1M+99.1%	$12.1M-12.4%	$13.8M-11.6%	$15.6M-24.7%	$20.7M-11.7%	$23.5M
Goodwill	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M-82.0%	$21.9M0.0%	$21.9M
Total Liabilities	$97.9M+4.6%	$93.5M0.0%	$93.6M-11.7%	$106.0M-6.1%	$112.9M-43.1%	$198.5M-21.0%	$251.3M+10.4%	$227.7M
Current Liabilities	$48.4M+10.4%	$43.9M-5.2%	$46.2M-21.7%	$59.1M-6.9%	$63.5M-66.4%	$188.9M-21.0%	$239.1M+301.9%	$59.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.0M+47.6%	-$7.7M+26.5%	-$10.5M+19.2%	-$13.0M-1.1%	-$12.9M+84.9%	-$85.1M+16.4%	-$101.8M+3.6%	-$105.6M
Retained Earnings	-$908.4M-0.1%	-$907.9M+0.1%	-$908.4M0.0%	-$908.1M-0.3%	-$905.6M-0.2%	-$904.2M+0.9%	-$912.4M0.0%	-$912.2M

INSG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$7.2M-78.5%	$33.5M+462.7%	$6.0M+117.9%	-$33.3M-32.0%	-$25.2M-225.7%	$20.1M
Capital Expenditures	$661K+561.0%	$100K-55.4%	$224K-84.9%	$1.5M-69.9%	$4.9M-14.1%	$5.7M
Free Cash Flow	$6.5M-80.4%	$33.4M+482.9%	$5.7M+116.5%	-$34.8M-15.4%	-$30.1M-310.6%	$14.3M
Investing Cash Flow	-$8.6M-119.9%	$43.0M+523.2%	-$10.2M+23.7%	-$13.3M-319.1%	$6.1M+117.5%	-$34.7M
Financing Cash Flow	-$13.4M+65.4%	-$38.8M-1854.0%	$2.2M-59.3%	$5.4M-81.9%	$29.9M-28.9%	$42.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$12.0M+276.9%	$3.2M+171.0%	-$4.5M-28.9%	-$3.5M+75.6%	-$14.2M-195.7%	$14.8M-46.4%	$27.6M+427.7%	$5.2M
Capital Expenditures	$340K+236.6%	$101K-46.3%	$188K+487.5%	$32K-54.3%	$70K+1300.0%	$5K-80.0%	$25K	$0
Free Cash Flow	$11.6M+278.2%	$3.1M+166.0%	-$4.7M-33.1%	-$3.5M+75.5%	-$14.3M-196.3%	$14.8M-46.4%	$27.6M+427.2%	$5.2M
Investing Cash Flow	-$2.8M-53.2%	-$1.9M+35.4%	-$2.9M-182.4%	-$1.0M-102.2%	$46.7M+3753.0%	-$1.3M+29.0%	-$1.8M-211.8%	-$577K
Financing Cash Flow	$1.2M+3261.1%	$36K+100.2%	-$14.7M-35145.2%	$42K+100.7%	-$6.0M+86.0%	-$42.8M-555.7%	$9.4M+1510.1%	$583K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

INSG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.7%+6.8pp	36.0%+14.6pp	21.4%-5.9pp	27.3%-1.7pp	28.9%-0.0pp	28.9%
Operating Margin	2.6%+1.7pp	0.9%+22.4pp	-21.5%+2.1pp	-23.6%-5.9pp	-17.7%-9.7pp	-8.0%
Net Margin	0.5%-1.9pp	2.4%+30.0pp	-27.6%+0.1pp	-27.7%-9.4pp	-18.3%+17.1pp	-35.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.9%-3.7pp	4.6%+42.5pp	-37.9%+4.6pp	-42.5%-20.2pp	-22.3%+26.6pp	-48.9%
Current Ratio	1.32+0.2	1.15+0.1	1.04-0.3	1.38-0.3	1.71+0.2	1.51
Debt-to-Equity	-24.20-15.4	-8.78-6.6	-2.19+1.1	-3.28+6.4	-9.68-0.5	-9.18
FCF Margin	3.9%-13.5pp	17.5%+14.0pp	3.4%+17.6pp	-14.2%-2.7pp	-11.5%-16.1pp	4.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	42.2%+0.6pp	41.6%+0.5pp	41.1%-6.3pp	47.3%+10.0pp	37.3%+2.5pp	34.8%-1.7pp	36.4%+1.1pp	35.3%
Operating Margin	2.7%-2.0pp	4.7%+1.5pp	3.2%+4.5pp	-1.3%-5.1pp	3.7%+1.8pp	1.9%-1.7pp	3.6%+11.4pp	-7.8%
Net Margin	1.0%-2.1pp	3.1%+1.9pp	1.3%+6.2pp	-5.0%-3.8pp	-1.2%-17.8pp	16.6%+15.4pp	1.2%+13.1pp	-11.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.5%-1.2pp	1.7%+1.1pp	0.6%+2.3pp	-1.7%-1.1pp	-0.6%-8.5pp	7.9%+7.5pp	0.4%+4.1pp	-3.6%
Current Ratio	1.32+0.0	1.30+0.1	1.22+0.1	1.12-0.0	1.15+0.7	0.45+0.1	0.39-0.7	1.06
Debt-to-Equity	-24.20-12.1	-12.12-3.2	-8.91-0.8	-8.16+0.6	-8.78-6.4	-2.33+0.1	-2.47-0.3	-2.16
FCF Margin	24.0%+17.3pp	6.7%+18.3pp	-11.6%-0.5pp	-11.1%+18.6pp	-29.7%-57.1pp	27.4%-26.1pp	53.5%+39.5pp	14.0%

Note: Shareholder equity is negative (-$4.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Inseego Corp's annual revenue?

Inseego Corp (INSG) reported $166.2M in total revenue for fiscal year 2025. This represents a -13.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Inseego Corp's revenue growing?

Inseego Corp (INSG) revenue declined by 13.1% year-over-year, from $191.2M to $166.2M in fiscal year 2025.

Is Inseego Corp profitable?

Yes, Inseego Corp (INSG) reported a net income of $838K in fiscal year 2025, with a net profit margin of 0.5%.

What is Inseego Corp's EBITDA?

Inseego Corp (INSG) had EBITDA of $12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Inseego Corp's gross margin?

Inseego Corp (INSG) had a gross margin of 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Inseego Corp's operating margin?

Inseego Corp (INSG) had an operating margin of 2.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Inseego Corp's net profit margin?

Inseego Corp (INSG) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Inseego Corp's free cash flow?

Inseego Corp (INSG) generated $6.5M in free cash flow during fiscal year 2025. This represents a -80.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Inseego Corp's operating cash flow?

Inseego Corp (INSG) generated $7.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Inseego Corp's total assets?

Inseego Corp (INSG) had $93.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Inseego Corp's capital expenditures?

Inseego Corp (INSG) invested $661K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Inseego Corp spend on research and development?

Inseego Corp (INSG) invested $19.8M in research and development during fiscal year 2025.

How many shares does Inseego Corp have outstanding?

Inseego Corp (INSG) had 16M shares outstanding as of fiscal year 2025.

What is Inseego Corp's current ratio?

Inseego Corp (INSG) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.

What is Inseego Corp's debt-to-equity ratio?

Inseego Corp (INSG) had a debt-to-equity ratio of -24.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Inseego Corp's return on assets (ROA)?

Inseego Corp (INSG) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Inseego Corp's debt-to-equity ratio negative or unusual?

Inseego Corp (INSG) has negative shareholder equity of -$4.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Inseego Corp's Altman Z-Score?

Inseego Corp (INSG) has an Altman Z-Score of -10.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Inseego Corp's Piotroski F-Score?

Inseego Corp (INSG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Inseego Corp's earnings high quality?

Inseego Corp (INSG) has an earnings quality ratio of 8.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Inseego Corp?

Inseego Corp (INSG) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.