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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.
Cipher Mining Inc. is the larger business by last-quarter revenue ($59.7M vs $48.4M, roughly 1.2× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -1229.6%, a 1230.6% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-695.9M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 11.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
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.
CIFR vs INSG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $48.4M |
| Net Profit | $-734.2M | $469.0K |
| Gross Margin | 59.4% | 42.2% |
| Operating Margin | -503.4% | 2.7% |
| Net Margin | -1229.6% | 1.0% |
| Revenue YoY | 41.4% | 0.6% |
| Net Profit YoY | -4293.1% | 182.9% |
| EPS (diluted) | $-1.91 | $-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 | $59.7M | $48.4M | ||
| Q3 25 | $71.7M | $45.9M | ||
| Q2 25 | $43.6M | $40.2M | ||
| Q1 25 | $49.0M | $31.7M | ||
| Q4 24 | $42.2M | $48.1M | ||
| Q3 24 | $24.1M | $54.0M | ||
| Q2 24 | $36.8M | $51.6M | ||
| Q1 24 | $48.1M | $37.5M |
| Q4 25 | $-734.2M | $469.0K | ||
| Q3 25 | $-3.3M | $1.4M | ||
| Q2 25 | $-45.8M | $507.0K | ||
| Q1 25 | $-39.0M | $-1.6M | ||
| Q4 24 | $17.5M | $-566.0K | ||
| Q3 24 | $-86.8M | $9.0M | ||
| Q2 24 | $-15.3M | $624.0K | ||
| Q1 24 | $39.9M | $-4.5M |
| Q4 25 | 59.4% | 42.2% | ||
| Q3 25 | 62.7% | 41.6% | ||
| Q2 25 | 64.8% | 41.1% | ||
| Q1 25 | 69.6% | 47.3% | ||
| Q4 24 | 56.9% | 37.3% | ||
| Q3 24 | 37.5% | 34.8% | ||
| Q2 24 | 61.2% | 36.4% | ||
| Q1 24 | 69.2% | 35.3% |
| Q4 25 | -503.4% | 2.7% | ||
| Q3 25 | -52.5% | 4.7% | ||
| Q2 25 | -103.9% | 3.2% | ||
| Q1 25 | -77.8% | -1.3% | ||
| Q4 24 | 40.5% | 3.7% | ||
| Q3 24 | -379.2% | 1.9% | ||
| Q2 24 | -43.9% | 3.6% | ||
| Q1 24 | 97.2% | -7.9% |
| Q4 25 | -1229.6% | 1.0% | ||
| Q3 25 | -4.6% | 3.1% | ||
| Q2 25 | -105.1% | 1.3% | ||
| Q1 25 | -79.6% | -5.0% | ||
| Q4 24 | 41.5% | -1.2% | ||
| Q3 24 | -359.9% | 16.6% | ||
| Q2 24 | -41.5% | 1.2% | ||
| Q1 24 | 82.9% | -11.9% |
| Q4 25 | $-1.91 | $-0.02 | ||
| Q3 25 | $-0.01 | $0.03 | ||
| Q2 25 | $-0.12 | $-0.03 | ||
| Q1 25 | $-0.11 | $-0.16 | ||
| Q4 24 | $0.04 | $0.62 | ||
| Q3 24 | $-0.26 | $-0.06 | ||
| Q2 24 | $-0.05 | $-0.02 | ||
| Q1 24 | $0.13 | $-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 | $628.3M | $24.9M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $-4.0M |
| Total Assets | $4.3B | $93.8M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $24.9M | ||
| Q3 25 | $1.2B | $14.6M | ||
| Q2 25 | $62.7M | $13.2M | ||
| Q1 25 | $23.2M | $35.1M | ||
| Q4 24 | $5.6M | $39.6M | ||
| Q3 24 | $25.3M | $12.0M | ||
| Q2 24 | $122.6M | $49.0M | ||
| Q1 24 | $88.7M | $12.3M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $-4.0M | ||
| Q3 25 | $783.2M | $-7.7M | ||
| Q2 25 | $748.9M | $-10.5M | ||
| Q1 25 | $734.8M | $-13.0M | ||
| Q4 24 | $682.0M | $-12.9M | ||
| Q3 24 | $672.0M | $-85.1M | ||
| Q2 24 | $690.8M | $-101.8M | ||
| Q1 24 | $600.9M | $-105.6M |
| Q4 25 | $4.3B | $93.8M | ||
| Q3 25 | $2.8B | $85.8M | ||
| Q2 25 | $1.0B | $83.1M | ||
| Q1 25 | $913.8M | $93.0M | ||
| Q4 24 | $855.4M | $100.0M | ||
| Q3 24 | $775.4M | $113.4M | ||
| Q2 24 | $775.6M | $149.6M | ||
| Q1 24 | $677.1M | $122.1M |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $-207.9M | $12.0M |
| Free Cash FlowOCF − Capex | $-695.9M | $11.6M |
| FCF MarginFCF / Revenue | -1165.4% | 24.0% |
| Capex IntensityCapex / Revenue | 817.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 25.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $12.0M | ||
| Q3 25 | $-50.1M | $3.2M | ||
| Q2 25 | $-56.2M | $-4.5M | ||
| Q1 25 | $-47.2M | $-3.5M | ||
| Q4 24 | $-87.5M | $-14.2M | ||
| Q3 24 | $-6.5M | $14.8M | ||
| Q2 24 | $-25.4M | $27.6M | ||
| Q1 24 | $-26.6M | $5.2M |
| Q4 25 | $-695.9M | $11.6M | ||
| Q3 25 | $-256.2M | $3.1M | ||
| Q2 25 | $-87.5M | $-4.7M | ||
| Q1 25 | $-71.8M | $-3.5M | ||
| Q4 24 | $-227.0M | $-14.3M | ||
| Q3 24 | $-83.2M | $14.8M | ||
| Q2 24 | $-33.2M | $27.6M | ||
| Q1 24 | $-34.5M | — |
| Q4 25 | -1165.4% | 24.0% | ||
| Q3 25 | -357.3% | 6.7% | ||
| Q2 25 | -200.9% | -11.6% | ||
| Q1 25 | -146.7% | -11.0% | ||
| Q4 24 | -537.6% | -29.7% | ||
| Q3 24 | -345.0% | 27.4% | ||
| Q2 24 | -90.2% | 53.5% | ||
| Q1 24 | -71.7% | — |
| Q4 25 | 817.1% | 0.7% | ||
| Q3 25 | 287.5% | 0.2% | ||
| Q2 25 | 71.8% | 0.5% | ||
| Q1 25 | 50.2% | 0.1% | ||
| Q4 24 | 330.4% | 0.1% | ||
| Q3 24 | 317.8% | 0.0% | ||
| Q2 24 | 21.4% | 0.0% | ||
| Q1 24 | 16.4% | 0.0% |
| Q4 25 | — | 25.50× | ||
| Q3 25 | — | 2.22× | ||
| Q2 25 | — | -8.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 44.31× | ||
| Q1 24 | -0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
