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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.
CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $48.4M, roughly 1.2× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -12.5%, a 13.5% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 0.6%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -0.0%).
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
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.
CBAT vs INSG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $48.4M |
| Net Profit | $-7.4M | $469.0K |
| Gross Margin | 7.3% | 42.2% |
| Operating Margin | -13.6% | 2.7% |
| Net Margin | -12.5% | 1.0% |
| Revenue YoY | 131.8% | 0.6% |
| Net Profit YoY | -63.6% | 182.9% |
| EPS (diluted) | $-0.08 | $-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 | $58.8M | $48.4M | ||
| Q3 25 | $60.9M | $45.9M | ||
| Q2 25 | $40.5M | $40.2M | ||
| Q1 25 | $34.9M | $31.7M | ||
| Q4 24 | $25.4M | $48.1M | ||
| Q3 24 | $44.6M | $54.0M | ||
| Q2 24 | $47.8M | $51.6M | ||
| Q1 24 | $58.8M | $37.5M |
| Q4 25 | $-7.4M | $469.0K | ||
| Q3 25 | $2.7M | $1.4M | ||
| Q2 25 | $-3.1M | $507.0K | ||
| Q1 25 | $-1.6M | $-1.6M | ||
| Q4 24 | $-4.5M | $-566.0K | ||
| Q3 24 | $17.6K | $9.0M | ||
| Q2 24 | $6.4M | $624.0K | ||
| Q1 24 | $9.8M | $-4.5M |
| Q4 25 | 7.3% | 42.2% | ||
| Q3 25 | 8.0% | 41.6% | ||
| Q2 25 | 11.0% | 41.1% | ||
| Q1 25 | 13.7% | 47.3% | ||
| Q4 24 | 13.1% | 37.3% | ||
| Q3 24 | 15.6% | 34.8% | ||
| Q2 24 | 26.6% | 36.4% | ||
| Q1 24 | 31.9% | 35.3% |
| Q4 25 | -13.6% | 2.7% | ||
| Q3 25 | -6.6% | 4.7% | ||
| Q2 25 | -8.7% | 3.2% | ||
| Q1 25 | -8.2% | -1.3% | ||
| Q4 24 | -26.0% | 3.7% | ||
| Q3 24 | -1.9% | 1.9% | ||
| Q2 24 | 12.4% | 3.6% | ||
| Q1 24 | 17.4% | -7.9% |
| Q4 25 | -12.5% | 1.0% | ||
| Q3 25 | 4.4% | 3.1% | ||
| Q2 25 | -7.6% | 1.3% | ||
| Q1 25 | -4.5% | -5.0% | ||
| Q4 24 | -17.8% | -1.2% | ||
| Q3 24 | 0.0% | 16.6% | ||
| Q2 24 | 13.5% | 1.2% | ||
| Q1 24 | 16.7% | -11.9% |
| Q4 25 | $-0.08 | $-0.02 | ||
| Q3 25 | $0.03 | $0.03 | ||
| Q2 25 | $-0.03 | $-0.03 | ||
| Q1 25 | $-0.02 | $-0.16 | ||
| Q4 24 | $-0.05 | $0.62 | ||
| Q3 24 | $0.00 | $-0.06 | ||
| Q2 24 | $0.07 | $-0.02 | ||
| Q1 24 | $0.11 | $-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 | $8.3M | $24.9M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $-4.0M |
| Total Assets | $426.2M | $93.8M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $24.9M | ||
| Q3 25 | $10.5M | $14.6M | ||
| Q2 25 | $45.7M | $13.2M | ||
| Q1 25 | $9.6M | $35.1M | ||
| Q4 24 | $11.0M | $39.6M | ||
| Q3 24 | $24.2M | $12.0M | ||
| Q2 24 | $44.1M | $49.0M | ||
| Q1 24 | $23.8M | $12.3M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $-4.0M | ||
| Q3 25 | $121.4M | $-7.7M | ||
| Q2 25 | $118.2M | $-10.5M | ||
| Q1 25 | $120.8M | $-13.0M | ||
| Q4 24 | $121.7M | $-12.9M | ||
| Q3 24 | $131.2M | $-85.1M | ||
| Q2 24 | $126.6M | $-101.8M | ||
| Q1 24 | $120.9M | $-105.6M |
| Q4 25 | $426.2M | $93.8M | ||
| Q3 25 | $363.9M | $85.8M | ||
| Q2 25 | $333.1M | $83.1M | ||
| Q1 25 | $311.5M | $93.0M | ||
| Q4 24 | $302.2M | $100.0M | ||
| Q3 24 | $293.5M | $113.4M | ||
| Q2 24 | $279.6M | $149.6M | ||
| Q1 24 | $286.5M | $122.1M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.8M | $12.0M |
| Free Cash FlowOCF − Capex | $16.1M | $11.6M |
| FCF MarginFCF / Revenue | 27.3% | 24.0% |
| Capex IntensityCapex / Revenue | 23.4% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 25.50× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $12.0M | ||
| Q3 25 | $14.6M | $3.2M | ||
| Q2 25 | $13.8M | $-4.5M | ||
| Q1 25 | $-9.6M | $-3.5M | ||
| Q4 24 | $9.6M | $-14.2M | ||
| Q3 24 | $19.7M | $14.8M | ||
| Q2 24 | $2.9M | $27.6M | ||
| Q1 24 | $7.4M | $5.2M |
| Q4 25 | $16.1M | $11.6M | ||
| Q3 25 | $6.0M | $3.1M | ||
| Q2 25 | $4.1M | $-4.7M | ||
| Q1 25 | $-22.3M | $-3.5M | ||
| Q4 24 | $3.9M | $-14.3M | ||
| Q3 24 | $16.5M | $14.8M | ||
| Q2 24 | $2.5M | $27.6M | ||
| Q1 24 | $-454.0K | — |
| Q4 25 | 27.3% | 24.0% | ||
| Q3 25 | 9.9% | 6.7% | ||
| Q2 25 | 10.2% | -11.6% | ||
| Q1 25 | -63.9% | -11.0% | ||
| Q4 24 | 15.5% | -29.7% | ||
| Q3 24 | 37.1% | 27.4% | ||
| Q2 24 | 5.2% | 53.5% | ||
| Q1 24 | -0.8% | — |
| Q4 25 | 23.4% | 0.7% | ||
| Q3 25 | 14.1% | 0.2% | ||
| Q2 25 | 23.8% | 0.5% | ||
| Q1 25 | 36.3% | 0.1% | ||
| Q4 24 | 22.5% | 0.1% | ||
| Q3 24 | 7.0% | 0.0% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 13.4% | 0.0% |
| Q4 25 | — | 25.50× | ||
| Q3 25 | 5.51× | 2.22× | ||
| Q2 25 | — | -8.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | 1.65× | ||
| Q2 24 | 0.46× | 44.31× | ||
| Q1 24 | 0.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
INSG
Segment breakdown not available.
