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

Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $48.4M, roughly 1.4× INSEEGO CORP.). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-1.9M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 4.2%).

Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.

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.

INGN vs INSG — Head-to-Head

Bigger by revenue
INGN
INGN
1.4× larger
INGN
$68.6M
$48.4M
INSG
Growing faster (revenue YoY)
INGN
INGN
+2.8% gap
INGN
3.4%
0.6%
INSG
More free cash flow
INSG
INSG
$13.5M more FCF
INSG
$11.6M
$-1.9M
INGN
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
4.2%
INGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INGN
INGN
INSG
INSG
Revenue
$68.6M
$48.4M
Net Profit
$469.0K
Gross Margin
51.4%
42.2%
Operating Margin
-13.6%
2.7%
Net Margin
1.0%
Revenue YoY
3.4%
0.6%
Net Profit YoY
182.9%
EPS (diluted)
$-0.26
$-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
INGN
INGN
INSG
INSG
Q4 25
$68.6M
$48.4M
Q3 25
$79.1M
$45.9M
Q2 25
$79.2M
$40.2M
Q1 25
$68.5M
$31.7M
Q4 24
$66.3M
$48.1M
Q3 24
$74.9M
$54.0M
Q2 24
$74.4M
$51.6M
Q1 24
$63.1M
$37.5M
Net Profit
INGN
INGN
INSG
INSG
Q4 25
$469.0K
Q3 25
$-5.3M
$1.4M
Q2 25
$-4.2M
$507.0K
Q1 25
$-6.2M
$-1.6M
Q4 24
$-566.0K
Q3 24
$-6.0M
$9.0M
Q2 24
$-5.6M
$624.0K
Q1 24
$-14.6M
$-4.5M
Gross Margin
INGN
INGN
INSG
INSG
Q4 25
51.4%
42.2%
Q3 25
52.2%
41.6%
Q2 25
52.2%
41.1%
Q1 25
53.1%
47.3%
Q4 24
54.7%
37.3%
Q3 24
55.2%
34.8%
Q2 24
57.4%
36.4%
Q1 24
54.5%
35.3%
Operating Margin
INGN
INGN
INSG
INSG
Q4 25
-13.6%
2.7%
Q3 25
-9.0%
4.7%
Q2 25
-7.7%
3.2%
Q1 25
-11.2%
-1.3%
Q4 24
-17.2%
3.7%
Q3 24
-10.4%
1.9%
Q2 24
-9.5%
3.6%
Q1 24
-25.8%
-7.9%
Net Margin
INGN
INGN
INSG
INSG
Q4 25
1.0%
Q3 25
-6.7%
3.1%
Q2 25
-5.2%
1.3%
Q1 25
-9.0%
-5.0%
Q4 24
-1.2%
Q3 24
-8.0%
16.6%
Q2 24
-7.5%
1.2%
Q1 24
-23.1%
-11.9%
EPS (diluted)
INGN
INGN
INSG
INSG
Q4 25
$-0.26
$-0.02
Q3 25
$-0.20
$0.03
Q2 25
$-0.15
$-0.03
Q1 25
$-0.25
$-0.16
Q4 24
$-0.41
$0.62
Q3 24
$-0.25
$-0.06
Q2 24
$-0.24
$-0.02
Q1 24
$-0.62
$-0.44

Balance Sheet & Financial Strength

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

Metric
INGN
INGN
INSG
INSG
Cash + ST InvestmentsLiquidity on hand
$103.7M
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$192.2M
$-4.0M
Total Assets
$298.6M
$93.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INGN
INGN
INSG
INSG
Q4 25
$103.7M
$24.9M
Q3 25
$106.5M
$14.6M
Q2 25
$103.7M
$13.2M
Q1 25
$118.9M
$35.1M
Q4 24
$113.8M
$39.6M
Q3 24
$105.7M
$12.0M
Q2 24
$97.9M
$49.0M
Q1 24
$107.4M
$12.3M
Stockholders' Equity
INGN
INGN
INSG
INSG
Q4 25
$192.2M
$-4.0M
Q3 25
$197.2M
$-7.7M
Q2 25
$199.5M
$-10.5M
Q1 25
$198.0M
$-13.0M
Q4 24
$173.9M
$-12.9M
Q3 24
$185.4M
$-85.1M
Q2 24
$187.6M
$-101.8M
Q1 24
$191.9M
$-105.6M
Total Assets
INGN
INGN
INSG
INSG
Q4 25
$298.6M
$93.8M
Q3 25
$307.0M
$85.8M
Q2 25
$312.0M
$83.1M
Q1 25
$308.4M
$93.0M
Q4 24
$296.2M
$100.0M
Q3 24
$306.2M
$113.4M
Q2 24
$308.9M
$149.6M
Q1 24
$315.6M
$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
INGN
INGN
INSG
INSG
Operating Cash FlowLast quarter
$-943.0K
$12.0M
Free Cash FlowOCF − Capex
$-1.9M
$11.6M
FCF MarginFCF / Revenue
-2.8%
24.0%
Capex IntensityCapex / Revenue
1.4%
0.7%
Cash ConversionOCF / Net Profit
25.50×
TTM Free Cash FlowTrailing 4 quarters
$-13.7M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INGN
INGN
INSG
INSG
Q4 25
$-943.0K
$12.0M
Q3 25
$2.2M
$3.2M
Q2 25
$4.3M
$-4.5M
Q1 25
$-16.8M
$-3.5M
Q4 24
$-3.0M
$-14.2M
Q3 24
$7.0M
$14.8M
Q2 24
$6.7M
$27.6M
Q1 24
$-4.7M
$5.2M
Free Cash Flow
INGN
INGN
INSG
INSG
Q4 25
$-1.9M
$11.6M
Q3 25
$1.6M
$3.1M
Q2 25
$3.7M
$-4.7M
Q1 25
$-17.1M
$-3.5M
Q4 24
$-3.3M
$-14.3M
Q3 24
$5.3M
$14.8M
Q2 24
$6.6M
$27.6M
Q1 24
$-6.1M
FCF Margin
INGN
INGN
INSG
INSG
Q4 25
-2.8%
24.0%
Q3 25
2.0%
6.7%
Q2 25
4.6%
-11.6%
Q1 25
-24.9%
-11.0%
Q4 24
-5.0%
-29.7%
Q3 24
7.1%
27.4%
Q2 24
8.9%
53.5%
Q1 24
-9.6%
Capex Intensity
INGN
INGN
INSG
INSG
Q4 25
1.4%
0.7%
Q3 25
0.7%
0.2%
Q2 25
0.9%
0.5%
Q1 25
0.4%
0.1%
Q4 24
0.5%
0.1%
Q3 24
2.2%
0.0%
Q2 24
0.1%
0.0%
Q1 24
2.1%
0.0%
Cash Conversion
INGN
INGN
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

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

INSG
INSG

Segment breakdown not available.

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