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

INNODATA INC is the larger business by last-quarter revenue ($90.1M vs $48.4M, roughly 1.9× INSEEGO CORP.). INNODATA INC runs the higher net margin — 16.5% vs 1.0%, a 15.6% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (54.4% vs 0.6%). Over the past eight quarters, INNODATA INC's revenue compounded faster (66.4% CAGR vs 13.6%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

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.

INOD vs INSG — Head-to-Head

Bigger by revenue
INOD
INOD
1.9× larger
INOD
$90.1M
$48.4M
INSG
Growing faster (revenue YoY)
INOD
INOD
+53.8% gap
INOD
54.4%
0.6%
INSG
Higher net margin
INOD
INOD
15.6% more per $
INOD
16.5%
1.0%
INSG
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
66.4%
13.6%
INSG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INOD
INOD
INSG
INSG
Revenue
$90.1M
$48.4M
Net Profit
$14.9M
$469.0K
Gross Margin
42.2%
Operating Margin
2.7%
Net Margin
16.5%
1.0%
Revenue YoY
54.4%
0.6%
Net Profit YoY
91.3%
182.9%
EPS (diluted)
$0.42
$-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
INOD
INOD
INSG
INSG
Q1 26
$90.1M
Q4 25
$72.4M
$48.4M
Q3 25
$62.5M
$45.9M
Q2 25
$58.4M
$40.2M
Q1 25
$58.3M
$31.7M
Q4 24
$59.2M
$48.1M
Q3 24
$52.2M
$54.0M
Q2 24
$32.6M
$51.6M
Net Profit
INOD
INOD
INSG
INSG
Q1 26
$14.9M
Q4 25
$8.8M
$469.0K
Q3 25
$8.3M
$1.4M
Q2 25
$7.2M
$507.0K
Q1 25
$7.8M
$-1.6M
Q4 24
$10.3M
$-566.0K
Q3 24
$17.4M
$9.0M
Q2 24
$-14.0K
$624.0K
Gross Margin
INOD
INOD
INSG
INSG
Q1 26
Q4 25
38.3%
42.2%
Q3 25
40.8%
41.6%
Q2 25
39.4%
41.1%
Q1 25
39.9%
47.3%
Q4 24
45.2%
37.3%
Q3 24
40.8%
34.8%
Q2 24
28.7%
36.4%
Operating Margin
INOD
INOD
INSG
INSG
Q1 26
Q4 25
15.1%
2.7%
Q3 25
18.8%
4.7%
Q2 25
15.3%
3.2%
Q1 25
14.2%
-1.3%
Q4 24
19.0%
3.7%
Q3 24
21.9%
1.9%
Q2 24
1.0%
3.6%
Net Margin
INOD
INOD
INSG
INSG
Q1 26
16.5%
Q4 25
12.2%
1.0%
Q3 25
13.3%
3.1%
Q2 25
12.4%
1.3%
Q1 25
13.3%
-5.0%
Q4 24
17.4%
-1.2%
Q3 24
33.3%
16.6%
Q2 24
-0.0%
1.2%
EPS (diluted)
INOD
INOD
INSG
INSG
Q1 26
$0.42
Q4 25
$0.26
$-0.02
Q3 25
$0.24
$0.03
Q2 25
$0.20
$-0.03
Q1 25
$0.22
$-0.16
Q4 24
$0.35
$0.62
Q3 24
$0.51
$-0.06
Q2 24
$0.00
$-0.02

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
INSG
INSG
Cash + ST InvestmentsLiquidity on hand
$117.4M
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$128.2M
$-4.0M
Total Assets
$210.4M
$93.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
INSG
INSG
Q1 26
$117.4M
Q4 25
$82.2M
$24.9M
Q3 25
$73.9M
$14.6M
Q2 25
$59.8M
$13.2M
Q1 25
$56.6M
$35.1M
Q4 24
$46.9M
$39.6M
Q3 24
$26.4M
$12.0M
Q2 24
$16.5M
$49.0M
Stockholders' Equity
INOD
INOD
INSG
INSG
Q1 26
$128.2M
Q4 25
$107.1M
$-4.0M
Q3 25
$97.3M
$-7.7M
Q2 25
$86.7M
$-10.5M
Q1 25
$75.5M
$-13.0M
Q4 24
$63.5M
$-12.9M
Q3 24
$47.7M
$-85.1M
Q2 24
$29.0M
$-101.8M
Total Assets
INOD
INOD
INSG
INSG
Q1 26
$210.4M
Q4 25
$168.6M
$93.8M
Q3 25
$152.9M
$85.8M
Q2 25
$132.6M
$83.1M
Q1 25
$125.2M
$93.0M
Q4 24
$113.4M
$100.0M
Q3 24
$88.2M
$113.4M
Q2 24
$66.0M
$149.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INOD
INOD
INSG
INSG
Operating Cash FlowLast quarter
$37.3M
$12.0M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
2.50×
25.50×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
INSG
INSG
Q1 26
$37.3M
Q4 25
$12.9M
$12.0M
Q3 25
$18.8M
$3.2M
Q2 25
$4.2M
$-4.5M
Q1 25
$10.9M
$-3.5M
Q4 24
$17.2M
$-14.2M
Q3 24
$11.4M
$14.8M
Q2 24
$-454.0K
$27.6M
Free Cash Flow
INOD
INOD
INSG
INSG
Q1 26
Q4 25
$10.1M
$11.6M
Q3 25
$14.5M
$3.1M
Q2 25
$2.5M
$-4.7M
Q1 25
$8.5M
$-3.5M
Q4 24
$15.0M
$-14.3M
Q3 24
$9.9M
$14.8M
Q2 24
$-3.2M
$27.6M
FCF Margin
INOD
INOD
INSG
INSG
Q1 26
Q4 25
13.9%
24.0%
Q3 25
23.2%
6.7%
Q2 25
4.3%
-11.6%
Q1 25
14.6%
-11.0%
Q4 24
25.3%
-29.7%
Q3 24
19.0%
27.4%
Q2 24
-9.8%
53.5%
Capex Intensity
INOD
INOD
INSG
INSG
Q1 26
Q4 25
3.9%
0.7%
Q3 25
6.8%
0.2%
Q2 25
2.9%
0.5%
Q1 25
4.0%
0.1%
Q4 24
3.7%
0.1%
Q3 24
2.8%
0.0%
Q2 24
8.4%
0.0%
Cash Conversion
INOD
INOD
INSG
INSG
Q1 26
2.50×
Q4 25
1.46×
25.50×
Q3 25
2.25×
2.22×
Q2 25
0.59×
-8.81×
Q1 25
1.40×
Q4 24
1.67×
Q3 24
0.65×
1.65×
Q2 24
44.31×

Financial Flow Comparison

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

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