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Side-by-side financial comparison of Health Catalyst, Inc. (HCAT) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.

Health Catalyst, Inc. is the larger business by last-quarter revenue ($74.7M vs $48.4M, roughly 1.5× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -121.9%, a 122.9% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -6.2%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $9.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -0.0%).

Catalyst Pharmaceuticals, Inc. is a biopharmaceutical company based in Coral Gables, Florida, United States. The company develops medicines for rare diseases, including the phosphate salt of amifampridine for the treatment of Lambert–Eaton myasthenic syndrome (LEMS). The drug is referred to under the trade name Firdapse, which was approved by the FDA for approved use in children 6 years and older with LEMS in addition to the prior approval for use in adults with LEMS on November 28, 2018. Fir...

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.

HCAT vs INSG — Head-to-Head

Bigger by revenue
HCAT
HCAT
1.5× larger
HCAT
$74.7M
$48.4M
INSG
Growing faster (revenue YoY)
INSG
INSG
+6.8% gap
INSG
0.6%
-6.2%
HCAT
Higher net margin
INSG
INSG
122.9% more per $
INSG
1.0%
-121.9%
HCAT
More free cash flow
INSG
INSG
$2.0M more FCF
INSG
$11.6M
$9.6M
HCAT
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
-0.0%
HCAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCAT
HCAT
INSG
INSG
Revenue
$74.7M
$48.4M
Net Profit
$-91.0M
$469.0K
Gross Margin
42.2%
Operating Margin
-115.3%
2.7%
Net Margin
-121.9%
1.0%
Revenue YoY
-6.2%
0.6%
Net Profit YoY
-340.3%
182.9%
EPS (diluted)
$-1.29
$-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
HCAT
HCAT
INSG
INSG
Q4 25
$74.7M
$48.4M
Q3 25
$76.3M
$45.9M
Q2 25
$80.7M
$40.2M
Q1 25
$79.4M
$31.7M
Q4 24
$79.6M
$48.1M
Q3 24
$76.4M
$54.0M
Q2 24
$75.9M
$51.6M
Q1 24
$74.7M
$37.5M
Net Profit
HCAT
HCAT
INSG
INSG
Q4 25
$-91.0M
$469.0K
Q3 25
$-22.2M
$1.4M
Q2 25
$-41.0M
$507.0K
Q1 25
$-23.7M
$-1.6M
Q4 24
$-20.7M
$-566.0K
Q3 24
$-14.7M
$9.0M
Q2 24
$-13.5M
$624.0K
Q1 24
$-20.6M
$-4.5M
Gross Margin
HCAT
HCAT
INSG
INSG
Q4 25
42.2%
Q3 25
52.6%
41.6%
Q2 25
41.1%
Q1 25
47.3%
Q4 24
37.3%
Q3 24
47.5%
34.8%
Q2 24
36.4%
Q1 24
35.3%
Operating Margin
HCAT
HCAT
INSG
INSG
Q4 25
-115.3%
2.7%
Q3 25
-22.9%
4.7%
Q2 25
-46.0%
3.2%
Q1 25
-25.4%
-1.3%
Q4 24
-22.0%
3.7%
Q3 24
-17.9%
1.9%
Q2 24
-20.8%
3.6%
Q1 24
-30.5%
-7.9%
Net Margin
HCAT
HCAT
INSG
INSG
Q4 25
-121.9%
1.0%
Q3 25
-29.1%
3.1%
Q2 25
-50.8%
1.3%
Q1 25
-29.9%
-5.0%
Q4 24
-26.0%
-1.2%
Q3 24
-19.3%
16.6%
Q2 24
-17.8%
1.2%
Q1 24
-27.6%
-11.9%
EPS (diluted)
HCAT
HCAT
INSG
INSG
Q4 25
$-1.29
$-0.02
Q3 25
$-0.32
$0.03
Q2 25
$-0.59
$-0.03
Q1 25
$-0.35
$-0.16
Q4 24
$-0.33
$0.62
Q3 24
$-0.24
$-0.06
Q2 24
$-0.23
$-0.02
Q1 24
$-0.35
$-0.44

Balance Sheet & Financial Strength

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

Metric
HCAT
HCAT
INSG
INSG
Cash + ST InvestmentsLiquidity on hand
$95.7M
$24.9M
Total DebtLower is stronger
$153.3M
Stockholders' EquityBook value
$245.8M
$-4.0M
Total Assets
$502.6M
$93.8M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCAT
HCAT
INSG
INSG
Q4 25
$95.7M
$24.9M
Q3 25
$91.5M
$14.6M
Q2 25
$97.3M
$13.2M
Q1 25
$342.0M
$35.1M
Q4 24
$392.0M
$39.6M
Q3 24
$387.3M
$12.0M
Q2 24
$308.3M
$49.0M
Q1 24
$327.8M
$12.3M
Total Debt
HCAT
HCAT
INSG
INSG
Q4 25
$153.3M
Q3 25
$153.1M
Q2 25
$153.0M
Q1 25
$382.9M
Q4 24
$382.4M
Q3 24
$345.0M
Q2 24
Q1 24
Stockholders' Equity
HCAT
HCAT
INSG
INSG
Q4 25
$245.8M
$-4.0M
Q3 25
$331.9M
$-7.7M
Q2 25
$347.5M
$-10.5M
Q1 25
$376.8M
$-13.0M
Q4 24
$365.2M
$-12.9M
Q3 24
$355.0M
$-85.1M
Q2 24
$357.0M
$-101.8M
Q1 24
$357.2M
$-105.6M
Total Assets
HCAT
HCAT
INSG
INSG
Q4 25
$502.6M
$93.8M
Q3 25
$587.1M
$85.8M
Q2 25
$616.2M
$83.1M
Q1 25
$891.5M
$93.0M
Q4 24
$858.9M
$100.0M
Q3 24
$813.0M
$113.4M
Q2 24
$691.7M
$149.6M
Q1 24
$695.1M
$122.1M
Debt / Equity
HCAT
HCAT
INSG
INSG
Q4 25
0.62×
Q3 25
0.46×
Q2 25
0.44×
Q1 25
1.02×
Q4 24
1.05×
Q3 24
0.97×
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
HCAT
HCAT
INSG
INSG
Operating Cash FlowLast quarter
$9.9M
$12.0M
Free Cash FlowOCF − Capex
$9.6M
$11.6M
FCF MarginFCF / Revenue
12.9%
24.0%
Capex IntensityCapex / Revenue
0.4%
0.7%
Cash ConversionOCF / Net Profit
25.50×
TTM Free Cash FlowTrailing 4 quarters
$-697.0K
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCAT
HCAT
INSG
INSG
Q4 25
$9.9M
$12.0M
Q3 25
$-464.0K
$3.2M
Q2 25
$-9.0M
$-4.5M
Q1 25
$280.0K
$-3.5M
Q4 24
$-3.5M
$-14.2M
Q3 24
$6.2M
$14.8M
Q2 24
$1.6M
$27.6M
Q1 24
$10.3M
$5.2M
Free Cash Flow
HCAT
HCAT
INSG
INSG
Q4 25
$9.6M
$11.6M
Q3 25
$-719.0K
$3.1M
Q2 25
$-9.2M
$-4.7M
Q1 25
$-390.0K
$-3.5M
Q4 24
$-3.9M
$-14.3M
Q3 24
$5.5M
$14.8M
Q2 24
$1.3M
$27.6M
Q1 24
$10.1M
FCF Margin
HCAT
HCAT
INSG
INSG
Q4 25
12.9%
24.0%
Q3 25
-0.9%
6.7%
Q2 25
-11.4%
-11.6%
Q1 25
-0.5%
-11.0%
Q4 24
-4.9%
-29.7%
Q3 24
7.2%
27.4%
Q2 24
1.7%
53.5%
Q1 24
13.5%
Capex Intensity
HCAT
HCAT
INSG
INSG
Q4 25
0.4%
0.7%
Q3 25
0.3%
0.2%
Q2 25
0.3%
0.5%
Q1 25
0.8%
0.1%
Q4 24
0.5%
0.1%
Q3 24
0.9%
0.0%
Q2 24
0.4%
0.0%
Q1 24
0.3%
0.0%
Cash Conversion
HCAT
HCAT
INSG
INSG
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

HCAT
HCAT

Recurring Technology$51.9M69%
Professional Services$22.8M31%

INSG
INSG

Segment breakdown not available.

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