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Side-by-side financial comparison of INSEEGO CORP. (INSG) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $48.4M, roughly 1.7× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -3.2%, a 4.2% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -14.9%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 13.6%).
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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
INSG vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $84.2M |
| Net Profit | $469.0K | $-2.7M |
| Gross Margin | 42.2% | 3.5% |
| Operating Margin | 2.7% | -2.9% |
| Net Margin | 1.0% | -3.2% |
| Revenue YoY | 0.6% | -14.9% |
| Net Profit YoY | 182.9% | -44.5% |
| EPS (diluted) | $-0.02 | $-0.92 |
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 | $48.4M | $84.2M | ||
| Q3 25 | $45.9M | $102.9M | ||
| Q2 25 | $40.2M | $72.2M | ||
| Q1 25 | $31.7M | $57.6M | ||
| Q4 24 | $48.1M | $98.9M | ||
| Q3 24 | $54.0M | $54.2M | ||
| Q2 24 | $51.6M | $78.6M | ||
| Q1 24 | $37.5M | $51.4M |
| Q4 25 | $469.0K | $-2.7M | ||
| Q3 25 | $1.4M | $-2.3M | ||
| Q2 25 | $507.0K | $-2.3M | ||
| Q1 25 | $-1.6M | $-1.1M | ||
| Q4 24 | $-566.0K | $-1.9M | ||
| Q3 24 | $9.0M | $-773.0K | ||
| Q2 24 | $624.0K | $-2.0M | ||
| Q1 24 | $-4.5M | $-580.2K |
| Q4 25 | 42.2% | 3.5% | ||
| Q3 25 | 41.6% | 2.7% | ||
| Q2 25 | 41.1% | 2.6% | ||
| Q1 25 | 47.3% | 3.4% | ||
| Q4 24 | 37.3% | 2.7% | ||
| Q3 24 | 34.8% | 3.7% | ||
| Q2 24 | 36.4% | 2.8% | ||
| Q1 24 | 35.3% | 2.7% |
| Q4 25 | 2.7% | -2.9% | ||
| Q3 25 | 4.7% | -0.5% | ||
| Q2 25 | 3.2% | -0.9% | ||
| Q1 25 | -1.3% | -1.0% | ||
| Q4 24 | 3.7% | -0.3% | ||
| Q3 24 | 1.9% | -0.1% | ||
| Q2 24 | 3.6% | -0.4% | ||
| Q1 24 | -7.9% | -0.4% |
| Q4 25 | 1.0% | -3.2% | ||
| Q3 25 | 3.1% | -2.3% | ||
| Q2 25 | 1.3% | -3.3% | ||
| Q1 25 | -5.0% | -2.0% | ||
| Q4 24 | -1.2% | -1.9% | ||
| Q3 24 | 16.6% | -1.4% | ||
| Q2 24 | 1.2% | -2.5% | ||
| Q1 24 | -11.9% | -1.1% |
| Q4 25 | $-0.02 | $-0.92 | ||
| Q3 25 | $0.03 | $-0.68 | ||
| Q2 25 | $-0.03 | $-0.82 | ||
| Q1 25 | $-0.16 | $-0.44 | ||
| Q4 24 | $0.62 | $-1.19 | ||
| Q3 24 | $-0.06 | $-0.40 | ||
| Q2 24 | $-0.02 | $-0.90 | ||
| Q1 24 | $-0.44 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.9M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $-4.0M | $16.3M |
| Total Assets | $93.8M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $2.2M | ||
| Q3 25 | $14.6M | $2.3M | ||
| Q2 25 | $13.2M | $2.0M | ||
| Q1 25 | $35.1M | $1.1M | ||
| Q4 24 | $39.6M | $2.5M | ||
| Q3 24 | $12.0M | $2.1M | ||
| Q2 24 | $49.0M | $797.2K | ||
| Q1 24 | $12.3M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $-4.0M | $16.3M | ||
| Q3 25 | $-7.7M | $17.9M | ||
| Q2 25 | $-10.5M | $14.3M | ||
| Q1 25 | $-13.0M | $11.6M | ||
| Q4 24 | $-12.9M | $11.9M | ||
| Q3 24 | $-85.1M | $8.1M | ||
| Q2 24 | $-101.8M | $7.6M | ||
| Q1 24 | $-105.6M | $8.4M |
| Q4 25 | $93.8M | $51.1M | ||
| Q3 25 | $85.8M | $46.9M | ||
| Q2 25 | $83.1M | $51.4M | ||
| Q1 25 | $93.0M | $42.0M | ||
| Q4 24 | $100.0M | $79.0M | ||
| Q3 24 | $113.4M | $32.4M | ||
| Q2 24 | $149.6M | $30.0M | ||
| Q1 24 | $122.1M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $12.0M | $-1.2M |
| Free Cash FlowOCF − Capex | $11.6M | $-1.2M |
| FCF MarginFCF / Revenue | 24.0% | -1.5% |
| Capex IntensityCapex / Revenue | 0.7% | 0.0% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $-1.2M | ||
| Q3 25 | $3.2M | $-953.0K | ||
| Q2 25 | $-4.5M | $257.7K | ||
| Q1 25 | $-3.5M | $-1.9M | ||
| Q4 24 | $-14.2M | $-403.7K | ||
| Q3 24 | $14.8M | $625.0K | ||
| Q2 24 | $27.6M | $-2.6M | ||
| Q1 24 | $5.2M | $-536.9K |
| Q4 25 | $11.6M | $-1.2M | ||
| Q3 25 | $3.1M | $-969.2K | ||
| Q2 25 | $-4.7M | $211.7K | ||
| Q1 25 | $-3.5M | $-2.0M | ||
| Q4 24 | $-14.3M | $-421.3K | ||
| Q3 24 | $14.8M | $594.5K | ||
| Q2 24 | $27.6M | $-2.6M | ||
| Q1 24 | — | $-608.5K |
| Q4 25 | 24.0% | -1.5% | ||
| Q3 25 | 6.7% | -0.9% | ||
| Q2 25 | -11.6% | 0.3% | ||
| Q1 25 | -11.0% | -3.4% | ||
| Q4 24 | -29.7% | -0.4% | ||
| Q3 24 | 27.4% | 1.1% | ||
| Q2 24 | 53.5% | -3.4% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | 0.7% | 0.0% | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.1% | 0.0% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.0% | 0.1% |
| 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
INSG
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
