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
$51.6M
Gross Profit
$18.8M
Operating Profit
$1.9M
Net Profit
$624.0K
Gross Margin
36.4%
Operating Margin
3.6%
Net Margin
1.2%
YoY Growth
-3.6%
EPS
$-0.02
Financial Flow
INSEEGO CORP. Q2 2024 Financial Summary
INSEEGO CORP. reported revenue of $51.6M (down 3.6% YoY) for Q2 2024, with a net profit of $624.0K (up 112.6% YoY) (1.2% margin). Cost of goods sold was $32.8M, operating expenses totaled $17.0M.
Key Financial Metrics
| Total Revenue | $51.6M |
|---|---|
| Net Profit | $624.0K |
| Gross Margin | 36.4% |
| Operating Margin | 3.6% |
| Report Period | Q2 2024 |
Revenue Breakdown
INSEEGO CORP. Q2 2024 revenue of $51.6M breaks down across 3 segments, led by Mobile Solutions at $25.9M (50.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Mobile Solutions | $25.9M | 50.1% |
| Services & Other | $20.0M | 38.7% |
| Other | $5.8M | 11.2% |
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 Mobile Solutions and Services & Other) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Mobile Solutions | — | $16.0M | $13.7M | $17.8M |
| Services & Other | — | — | $12.0M | $12.0M |
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 |