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Side-by-side financial comparison of C3.ai, Inc. (AI) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $48.4M, roughly 1.6× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -139.3%, a 140.3% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -20.3%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-46.9M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs INSG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $48.4M |
| Net Profit | $-104.7M | $469.0K |
| Gross Margin | 40.4% | 42.2% |
| Operating Margin | -149.2% | 2.7% |
| Net Margin | -139.3% | 1.0% |
| Revenue YoY | -20.3% | 0.6% |
| Net Profit YoY | -58.7% | 182.9% |
| EPS (diluted) | $-0.75 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $48.4M | ||
| Q3 25 | $70.3M | $45.9M | ||
| Q2 25 | $108.7M | $40.2M | ||
| Q1 25 | $98.8M | $31.7M | ||
| Q4 24 | $94.3M | $48.1M | ||
| Q3 24 | $87.2M | $54.0M | ||
| Q2 24 | $86.6M | $51.6M | ||
| Q1 24 | $78.4M | $37.5M |
| Q4 25 | $-104.7M | $469.0K | ||
| Q3 25 | $-116.8M | $1.4M | ||
| Q2 25 | $-79.7M | $507.0K | ||
| Q1 25 | $-80.2M | $-1.6M | ||
| Q4 24 | $-66.0M | $-566.0K | ||
| Q3 24 | $-62.8M | $9.0M | ||
| Q2 24 | $-72.9M | $624.0K | ||
| Q1 24 | $-72.6M | $-4.5M |
| Q4 25 | 40.4% | 42.2% | ||
| Q3 25 | 37.6% | 41.6% | ||
| Q2 25 | 62.1% | 41.1% | ||
| Q1 25 | 59.1% | 47.3% | ||
| Q4 24 | 61.3% | 37.3% | ||
| Q3 24 | 59.8% | 34.8% | ||
| Q2 24 | 59.6% | 36.4% | ||
| Q1 24 | 57.8% | 35.3% |
| Q4 25 | -149.2% | 2.7% | ||
| Q3 25 | -177.7% | 4.7% | ||
| Q2 25 | -81.8% | 3.2% | ||
| Q1 25 | -88.7% | -1.3% | ||
| Q4 24 | -79.8% | 3.7% | ||
| Q3 24 | -83.2% | 1.9% | ||
| Q2 24 | -95.1% | 3.6% | ||
| Q1 24 | -105.3% | -7.9% |
| Q4 25 | -139.3% | 1.0% | ||
| Q3 25 | -166.2% | 3.1% | ||
| Q2 25 | -73.3% | 1.3% | ||
| Q1 25 | -81.2% | -5.0% | ||
| Q4 24 | -69.9% | -1.2% | ||
| Q3 24 | -72.0% | 16.6% | ||
| Q2 24 | -84.2% | 1.2% | ||
| Q1 24 | -92.6% | -11.9% |
| Q4 25 | $-0.75 | $-0.02 | ||
| Q3 25 | $-0.86 | $0.03 | ||
| Q2 25 | $-0.60 | $-0.03 | ||
| Q1 25 | $-0.62 | $-0.16 | ||
| Q4 24 | $-0.52 | $0.62 | ||
| Q3 24 | $-0.50 | $-0.06 | ||
| Q2 24 | $-0.59 | $-0.02 | ||
| Q1 24 | $-0.60 | $-0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $24.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $-4.0M |
| Total Assets | $961.3M | $93.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $24.9M | ||
| Q3 25 | $711.9M | $14.6M | ||
| Q2 25 | $742.7M | $13.2M | ||
| Q1 25 | $724.3M | $35.1M | ||
| Q4 24 | $730.4M | $39.6M | ||
| Q3 24 | $762.5M | $12.0M | ||
| Q2 24 | $750.4M | $49.0M | ||
| Q1 24 | $723.3M | $12.3M |
| Q4 25 | $771.9M | $-4.0M | ||
| Q3 25 | $798.8M | $-7.7M | ||
| Q2 25 | $838.3M | $-10.5M | ||
| Q1 25 | $860.2M | $-13.0M | ||
| Q4 24 | $859.0M | $-12.9M | ||
| Q3 24 | $874.9M | $-85.1M | ||
| Q2 24 | $873.4M | $-101.8M | ||
| Q1 24 | $898.0M | $-105.6M |
| Q4 25 | $961.3M | $93.8M | ||
| Q3 25 | $968.7M | $85.8M | ||
| Q2 25 | $1.0B | $83.1M | ||
| Q1 25 | $1.1B | $93.0M | ||
| Q4 24 | $1.0B | $100.0M | ||
| Q3 24 | $1.1B | $113.4M | ||
| Q2 24 | $1.0B | $149.6M | ||
| Q1 24 | $1.1B | $122.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $12.0M |
| Free Cash FlowOCF − Capex | $-46.9M | $11.6M |
| FCF MarginFCF / Revenue | -62.4% | 24.0% |
| Capex IntensityCapex / Revenue | 0.5% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 25.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $12.0M | ||
| Q3 25 | $-33.5M | $3.2M | ||
| Q2 25 | $11.3M | $-4.5M | ||
| Q1 25 | $-22.0M | $-3.5M | ||
| Q4 24 | $-38.7M | $-14.2M | ||
| Q3 24 | $8.0M | $14.8M | ||
| Q2 24 | $21.3M | $27.6M | ||
| Q1 24 | $-39.1M | $5.2M |
| Q4 25 | $-46.9M | $11.6M | ||
| Q3 25 | $-34.3M | $3.1M | ||
| Q2 25 | $10.3M | $-4.7M | ||
| Q1 25 | $-22.4M | $-3.5M | ||
| Q4 24 | $-39.5M | $-14.3M | ||
| Q3 24 | $7.1M | $14.8M | ||
| Q2 24 | $18.8M | $27.6M | ||
| Q1 24 | $-45.1M | — |
| Q4 25 | -62.4% | 24.0% | ||
| Q3 25 | -48.8% | 6.7% | ||
| Q2 25 | 9.5% | -11.6% | ||
| Q1 25 | -22.7% | -11.0% | ||
| Q4 24 | -41.9% | -29.7% | ||
| Q3 24 | 8.2% | 27.4% | ||
| Q2 24 | 21.7% | 53.5% | ||
| Q1 24 | -57.6% | — |
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 0.9% | 0.1% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 2.9% | 0.0% | ||
| Q1 24 | 7.8% | 0.0% |
| Q4 25 | — | 25.50× | ||
| Q3 25 | — | 2.22× | ||
| Q2 25 | — | -8.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 44.31× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
INSG
Segment breakdown not available.
