Inseego Corp Financials
This page shows Inseego Corp (INSG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Inseego Corp has an operating margin of 0.9%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is up from -21.5% the prior year.
Inseego Corp's revenue grew 14.3% year-over-year to $191.2M, a solid pace of expansion. This earns a growth score of 69/100.
Inseego Corp's current ratio of 1.15 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.
Inseego Corp converts 17.5% of revenue into free cash flow ($33.4M). This strong cash generation earns a score of 87/100.
Inseego Corp scores -9.79, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($151.7M) relative to total liabilities ($112.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Inseego Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Inseego Corp generates $7.33 in operating cash flow ($33.5M OCF vs $4.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Inseego Corp generated $191.2M in revenue in fiscal year 2024. This represents an increase of 14.3% from the prior year.
Inseego Corp's EBITDA was $14.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 182.6% from the prior year.
Inseego Corp generated $33.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 482.9% from the prior year.
Inseego Corp reported $4.6M in net income in fiscal year 2024. This represents an increase of 109.9% from the prior year.
Inseego Corp earned $0.10 per diluted share (EPS) in fiscal year 2024. This represents an increase of 102.3% from the prior year.
Inseego Corp held $39.6M in cash against $0 in long-term debt as of fiscal year 2024.
Inseego Corp had 15M shares outstanding in fiscal year 2024. This represents an increase of 26.3% from the prior year.
Inseego Corp's gross margin was 36.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 14.6 percentage points from the prior year.
Inseego Corp's operating margin was 0.9% in fiscal year 2024, reflecting core business profitability. This is up 22.4 percentage points from the prior year.
Inseego Corp's net profit margin was 2.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 30.0 percentage points from the prior year.
Inseego Corp invested $20.6M in research and development in fiscal year 2024. This represents an increase of 4.4% from the prior year.
Inseego Corp invested $100K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 55.4% from the prior year.
INSG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.9M+14.1% | $40.2M+27.0% | $31.7M-34.1% | $48.1M-6.8% | $51.6M+37.6% | $37.5M+73.8% | $21.6M-47.8% | $41.4M |
| Cost of Revenue | $26.8M+13.1% | $23.7M+42.0% | $16.7M-28.9% | $23.5M-34.9% | $36.1M+30.7% | $27.6M+33.3% | $20.7M-52.4% | $43.5M |
| Gross Profit | $19.1M+15.6% | $16.5M+10.2% | $15.0M-16.5% | $17.9M-4.6% | $18.8M+42.0% | $13.2M+1443.6% | $858K+139.6% | -$2.2M |
| R&D Expenses | $4.9M+1.2% | $4.8M+6.3% | $4.5M-18.5% | $5.6M+7.6% | $5.2M+10.5% | $4.7M+4.4% | $4.5M-13.8% | $5.2M |
| SG&A Expenses | $5.7M+21.0% | $4.7M+4.7% | $4.5M-1.2% | $4.5M+16.0% | $3.9M-0.9% | $4.0M+211.7% | $1.3M-63.0% | $3.4M |
| Operating Income | $2.2M+68.4% | $1.3M+401.9% | -$424K-123.7% | $1.8M-3.5% | $1.9M+163.0% | -$2.9M+70.4% | -$9.9M+48.1% | -$19.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$36K-263.6% | $22K-4.3% | $23K-95.6% | $518K+339.0% | $118K+594.1% | $17K+102.8% | -$602K-2106.7% | $30K |
| Net Income | $1.4M+182.4% | $507K+132.3% | -$1.6M-177.4% | -$566K-190.7% | $624K+114.0% | -$4.5M+68.9% | -$14.3M+34.2% | -$21.8M |
| EPS (Diluted) | $0.03+200.0% | $-0.03+81.3% | $-0.16-125.8% | $0.62+3200.0% | $-0.02+95.5% | $-0.44+67.2% | $-1.34 | $-1.93 |
INSG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $85.8M+3.3% | $83.1M-10.7% | $93.0M-7.0% | $100.0M-33.1% | $149.6M+22.5% | $122.1M+0.2% | $121.8M-10.9% | $136.8M |
| Current Assets | $57.0M+1.4% | $56.2M-15.1% | $66.2M-9.2% | $72.9M-21.7% | $93.1M+47.6% | $63.1M+8.4% | $58.2M-8.8% | $63.9M |
| Cash & Equivalents | $14.6M+10.1% | $13.2M-62.4% | $35.1M-11.2% | $39.6M-19.2% | $49.0M+298.4% | $12.3M+410.5% | $2.4M-87.3% | $18.9M |
| Inventory | $8.6M-42.8% | $15.0M-0.4% | $15.1M+11.3% | $13.6M-24.6% | $18.0M-13.4% | $20.8M+1.2% | $20.6M-6.2% | $21.9M |
| Accounts Receivable | $27.6M+14.5% | $24.1M+99.1% | $12.1M-12.4% | $13.8M-33.4% | $20.7M-11.7% | $23.5M+29.0% | $18.2M+4.4% | $17.4M |
| Goodwill | $3.9M0.0% | $3.9M0.0% | $3.9M0.0% | $3.9M-82.0% | $21.9M0.0% | $21.9M+455.1% | $3.9M-82.0% | $21.9M |
| Total Liabilities | $93.5M0.0% | $93.6M-11.7% | $106.0M-6.1% | $112.9M-55.1% | $251.3M+10.4% | $227.7M+1.7% | $223.9M-1.6% | $227.5M |
| Current Liabilities | $43.9M-5.2% | $46.2M-21.7% | $59.1M-6.9% | $63.5M-73.5% | $239.1M+301.9% | $59.5M+6.4% | $55.9M-6.7% | $59.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$7.7M+26.5% | -$10.5M+19.2% | -$13.0M-1.1% | -$12.9M+87.4% | -$101.8M+3.6% | -$105.6M-3.4% | -$102.1M-12.5% | -$90.8M |
| Retained Earnings | -$907.9M+0.1% | -$908.4M0.0% | -$908.1M-0.3% | -$905.6M+0.7% | -$912.4M0.0% | -$912.2M-0.6% | -$906.9M-1.7% | -$891.8M |
INSG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.2M+171.0% | -$4.5M-28.9% | -$3.5M+75.6% | -$14.2M-151.3% | $27.6M+427.7% | $5.2M+131.9% | -$16.4M-269.1% | $9.7M |
| Capital Expenditures | $101K-46.3% | $188K+487.5% | $32K-54.3% | $70K+180.0% | $25K | $0+100.0% | -$179K-174.0% | $242K |
| Free Cash Flow | $3.1M+166.0% | -$4.7M-33.1% | -$3.5M+75.5% | -$14.3M-151.6% | $27.6M+427.2% | $5.2M+131.5% | -$16.6M-275.3% | $9.5M |
| Investing Cash Flow | -$1.9M+35.4% | -$2.9M-182.4% | -$1.0M-102.2% | $46.7M+2695.1% | -$1.8M-211.8% | -$577K+84.2% | -$3.7M-90.7% | -$1.9M |
| Financing Cash Flow | $36K+100.2% | -$14.7M-35145.2% | $42K+100.7% | -$6.0M-163.6% | $9.4M+1510.1% | $583K-86.2% | $4.2M+230.2% | -$3.3M |
| 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 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6%+0.5pp | 41.1%-6.3pp | 47.3%+10.0pp | 37.3%+0.9pp | 36.4%+1.1pp | 35.3%+31.3pp | 4.0%+9.2pp | -5.2% |
| Operating Margin | 4.7%+1.5pp | 3.2%+4.5pp | -1.3%-5.1pp | 3.7%+0.1pp | 3.6%+11.4pp | -7.8%+38.2pp | -46.1%+0.2pp | -46.3% |
| Net Margin | 3.1%+1.9pp | 1.3%+6.2pp | -5.0%-3.8pp | -1.2%-2.4pp | 1.2%+13.1pp | -11.9%+54.6pp | -66.5%-13.7pp | -52.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.7%+1.1pp | 0.6%+2.3pp | -1.7%-1.1pp | -0.6%-1.0pp | 0.4%+4.1pp | -3.6%+8.1pp | -11.8%+4.2pp | -15.9% |
| Current Ratio | 1.30+0.1 | 1.22+0.1 | 1.12-0.0 | 1.15+0.8 | 0.39-0.7 | 1.06+0.0 | 1.04-0.0 | 1.07 |
| Debt-to-Equity | -12.12-3.2 | -8.91-0.8 | -8.16+0.6 | -8.78-6.3 | -2.47-0.3 | -2.16+0.0 | -2.19+0.3 | -2.51 |
| FCF Margin | 6.7%+18.3pp | -11.6%-0.5pp | -11.1%+18.6pp | -29.7%-83.2pp | 53.5%+39.5pp | 14.0%+91.0pp | -77.0%-100.0pp | 22.9% |
Note: Shareholder equity is negative (-$12.9M), 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 $191.2M in total revenue for fiscal year 2024. This represents a 14.3% 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 grew by 14.3% year-over-year, from $167.3M to $191.2M in fiscal year 2024.
Is Inseego Corp profitable?
Yes, Inseego Corp (INSG) reported a net income of $4.6M in fiscal year 2024, with a net profit margin of 2.4%.
What is Inseego Corp's earnings per share (EPS)?
Inseego Corp (INSG) reported diluted earnings per share of $0.10 for fiscal year 2024. This represents a 102.3% 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.
What is Inseego Corp's EBITDA?
Inseego Corp (INSG) had EBITDA of $14.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Inseego Corp's gross margin?
Inseego Corp (INSG) had a gross margin of 36.0% in fiscal year 2024, 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 0.9% in fiscal year 2024, 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 2.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Inseego Corp's free cash flow?
Inseego Corp (INSG) generated $33.4M in free cash flow during fiscal year 2024. This represents a 482.9% 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 $33.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Inseego Corp's total assets?
Inseego Corp (INSG) had $100.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Inseego Corp's capital expenditures?
Inseego Corp (INSG) invested $100K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Inseego Corp spend on research and development?
Inseego Corp (INSG) invested $20.6M in research and development during fiscal year 2024.
How many shares does Inseego Corp have outstanding?
Inseego Corp (INSG) had 15M shares outstanding as of fiscal year 2024.
What is Inseego Corp's current ratio?
Inseego Corp (INSG) had a current ratio of 1.15 as of fiscal year 2024, which is considered adequate.
What is Inseego Corp's debt-to-equity ratio?
Inseego Corp (INSG) had a debt-to-equity ratio of -8.78 as of fiscal year 2024, 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 4.6% for fiscal year 2024, 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 -$12.9M as of fiscal year 2024, 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 -9.79, 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 7 out of 9, indicating strong 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 7.33x, 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 47 out of 100 on our Financial Profile, indicating moderate 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.