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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $48.4M, roughly 1.6× INSEEGO CORP.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 1.0%, a 27.9% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 0.6%). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 1.8%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

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.

EFC vs INSG — Head-to-Head

Bigger by revenue
EFC
EFC
1.6× larger
EFC
$78.2M
$48.4M
INSG
Growing faster (revenue YoY)
EFC
EFC
+8.1% gap
EFC
8.7%
0.6%
INSG
Higher net margin
EFC
EFC
27.9% more per $
EFC
28.9%
1.0%
INSG
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
INSG
INSG
Revenue
$78.2M
$48.4M
Net Profit
$22.6M
$469.0K
Gross Margin
42.2%
Operating Margin
7.4%
2.7%
Net Margin
28.9%
1.0%
Revenue YoY
8.7%
0.6%
Net Profit YoY
-26.2%
182.9%
EPS (diluted)
$0.10
$-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.

Revenue
EFC
EFC
INSG
INSG
Q4 25
$78.2M
$48.4M
Q3 25
$82.8M
$45.9M
Q2 25
$92.5M
$40.2M
Q1 25
$82.9M
$31.7M
Q4 24
$72.0M
$48.1M
Q3 24
$67.0M
$54.0M
Q2 24
$91.2M
$51.6M
Q1 24
$75.5M
$37.5M
Net Profit
EFC
EFC
INSG
INSG
Q4 25
$22.6M
$469.0K
Q3 25
$29.5M
$1.4M
Q2 25
$42.9M
$507.0K
Q1 25
$31.6M
$-1.6M
Q4 24
$30.7M
$-566.0K
Q3 24
$16.2M
$9.0M
Q2 24
$52.3M
$624.0K
Q1 24
$26.9M
$-4.5M
Gross Margin
EFC
EFC
INSG
INSG
Q4 25
42.2%
Q3 25
41.6%
Q2 25
41.1%
Q1 25
47.3%
Q4 24
37.3%
Q3 24
34.8%
Q2 24
36.4%
Q1 24
35.3%
Operating Margin
EFC
EFC
INSG
INSG
Q4 25
7.4%
2.7%
Q3 25
31.1%
4.7%
Q2 25
38.3%
3.2%
Q1 25
37.3%
-1.3%
Q4 24
28.0%
3.7%
Q3 24
24.0%
1.9%
Q2 24
52.8%
3.6%
Q1 24
42.2%
-7.9%
Net Margin
EFC
EFC
INSG
INSG
Q4 25
28.9%
1.0%
Q3 25
35.7%
3.1%
Q2 25
46.4%
1.3%
Q1 25
38.2%
-5.0%
Q4 24
42.6%
-1.2%
Q3 24
24.1%
16.6%
Q2 24
57.4%
1.2%
Q1 24
35.6%
-11.9%
EPS (diluted)
EFC
EFC
INSG
INSG
Q4 25
$0.10
$-0.02
Q3 25
$0.29
$0.03
Q2 25
$0.45
$-0.03
Q1 25
$0.35
$-0.16
Q4 24
$0.23
$0.62
Q3 24
$0.19
$-0.06
Q2 24
$0.62
$-0.02
Q1 24
$0.32
$-0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EFC
EFC
INSG
INSG
Cash + ST InvestmentsLiquidity on hand
$201.9M
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$-4.0M
Total Assets
$19.4B
$93.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
INSG
INSG
Q4 25
$201.9M
$24.9M
Q3 25
$184.8M
$14.6M
Q2 25
$211.0M
$13.2M
Q1 25
$203.3M
$35.1M
Q4 24
$192.4M
$39.6M
Q3 24
$217.7M
$12.0M
Q2 24
$198.5M
$49.0M
Q1 24
$187.5M
$12.3M
Stockholders' Equity
EFC
EFC
INSG
INSG
Q4 25
$1.8B
$-4.0M
Q3 25
$1.8B
$-7.7M
Q2 25
$1.7B
$-10.5M
Q1 25
$1.6B
$-13.0M
Q4 24
$1.6B
$-12.9M
Q3 24
$1.6B
$-85.1M
Q2 24
$1.6B
$-101.8M
Q1 24
$1.5B
$-105.6M
Total Assets
EFC
EFC
INSG
INSG
Q4 25
$19.4B
$93.8M
Q3 25
$17.8B
$85.8M
Q2 25
$17.1B
$83.1M
Q1 25
$16.6B
$93.0M
Q4 24
$16.3B
$100.0M
Q3 24
$16.0B
$113.4M
Q2 24
$15.1B
$149.6M
Q1 24
$15.1B
$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
EFC
EFC
INSG
INSG
Operating Cash FlowLast quarter
$-925.5M
$12.0M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-40.92×
25.50×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
INSG
INSG
Q4 25
$-925.5M
$12.0M
Q3 25
$-290.4M
$3.2M
Q2 25
$-210.5M
$-4.5M
Q1 25
$-126.4M
$-3.5M
Q4 24
$-430.5M
$-14.2M
Q3 24
$-141.7M
$14.8M
Q2 24
$-88.6M
$27.6M
Q1 24
$-59.5M
$5.2M
Free Cash Flow
EFC
EFC
INSG
INSG
Q4 25
$11.6M
Q3 25
$3.1M
Q2 25
$-4.7M
Q1 25
$-3.5M
Q4 24
$-14.3M
Q3 24
$14.8M
Q2 24
$27.6M
Q1 24
FCF Margin
EFC
EFC
INSG
INSG
Q4 25
24.0%
Q3 25
6.7%
Q2 25
-11.6%
Q1 25
-11.0%
Q4 24
-29.7%
Q3 24
27.4%
Q2 24
53.5%
Q1 24
Capex Intensity
EFC
EFC
INSG
INSG
Q4 25
0.0%
0.7%
Q3 25
0.2%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
0.0%
0.1%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.0%
Q1 24
0.0%
0.0%
Cash Conversion
EFC
EFC
INSG
INSG
Q4 25
-40.92×
25.50×
Q3 25
-9.84×
2.22×
Q2 25
-4.90×
-8.81×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
1.65×
Q2 24
-1.69×
44.31×
Q1 24
-2.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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