INSEEGO CORP.INSGEarnings & Financial Report
Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global markets.
Revenue
$37.5M
Gross Profit
$13.2M
Operating Profit
$-2.9M
Net Profit
$-4.5M
Gross Margin
35.3%
Operating Margin
-7.9%
Net Margin
-11.9%
YoY Growth
-26.2%
EPS
$-0.44
Financial Flow
INSEEGO CORP. Q1 2024 Financial Summary
INSEEGO CORP. reported revenue of $37.5M (down 26.2% YoY) for Q1 2024, with a net profit of $-4.5M (up 12.7% YoY) (-11.9% margin). Cost of goods sold was $24.3M, operating expenses totaled $16.2M.
Key Financial Metrics
| Total Revenue | $37.5M |
|---|---|
| Net Profit | $-4.5M |
| Gross Margin | 35.3% |
| Operating Margin | -7.9% |
| Report Period | Q1 2024 |
Revenue Breakdown
INSEEGO CORP. Q1 2024 revenue of $37.5M breaks down across 3 segments, led by Services & Other at $15.6M (41.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services & Other | $15.6M | 41.5% |
| Mobile Solutions | $15.3M | 40.7% |
| Other | $6.7M | 17.8% |
INSEEGO CORP. Revenue by Segment — Quarterly Trend
INSEEGO CORP. revenue by segment across the last 4 reported quarters, showing how each business line (such as Services & Other and Mobile Solutions) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Services & Other | — | — | $12.0M | $12.0M |
| Mobile Solutions | — | $16.0M | $13.7M | $17.8M |
INSEEGO CORP. Annual Revenue by Year
INSEEGO CORP. annual revenue history includes year-by-year totals (for example, 2025 revenue was $166.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $166.2M |
| 2024 | $191.2M |
| 2023 | $167.3M |
| 2022 | $245.3M |
INSEEGO CORP. Quarterly Revenue & Net Profit History
INSEEGO CORP. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $48.4M | +0.6% | $469.0K | 1.0% |
| Q3 2025 | $45.9M | -15.1% | $1.4M | 3.1% |
| Q2 2025 | $40.2M | -22.1% | $507.0K | 1.3% |
| Q1 2025 | $31.7M | -15.5% | $-1.6M | -5.0% |
| Q4 2024 | $48.1M | +122.9% | $-566.0K | -1.2% |
| Q3 2024 | $54.0M | +30.6% | $9.0M | 16.6% |
| Q2 2024 | $51.6M | -3.6% | $624.0K | 1.2% |
| Q1 2024 | $37.5M | -26.2% | $-4.5M | -11.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37.5M | $51.6M | $54.0M | $48.1M | $31.7M | $40.2M | $45.9M | $48.4M |
| YoY Growth | -26.2% | -3.6% | 30.6% | 122.9% | -15.5% | -22.1% | -15.1% | 0.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $122.1M | $149.6M | $113.4M | $100.0M | $93.0M | $83.1M | $85.8M | $93.8M |
| Liabilities | $227.7M | $251.3M | $198.5M | $112.9M | $106.0M | $93.6M | $93.5M | $97.9M |
| Equity | $-105.6M | $-101.8M | $-85.1M | $-12.9M | $-13.0M | $-10.5M | $-7.7M | $-4.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.2M | $27.6M | $14.8M | $-14.2M | $-3.5M | $-4.5M | $3.2M | $12.0M |