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

INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $47.7M, roughly 1.0× IRONWOOD PHARMACEUTICALS INC). INSEEGO CORP. runs the higher net margin — 1.0% vs -4.8%, a 5.7% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

INSG vs IRWD — Head-to-Head

Bigger by revenue
INSG
INSG
1.0× larger
INSG
$48.4M
$47.7M
IRWD
Growing faster (revenue YoY)
INSG
INSG
+48.0% gap
INSG
0.6%
-47.3%
IRWD
Higher net margin
INSG
INSG
5.7% more per $
INSG
1.0%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$63.0M more FCF
IRWD
$74.6M
$11.6M
INSG
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
IRWD
IRWD
Revenue
$48.4M
$47.7M
Net Profit
$469.0K
$-2.3M
Gross Margin
42.2%
Operating Margin
2.7%
14.3%
Net Margin
1.0%
-4.8%
Revenue YoY
0.6%
-47.3%
Net Profit YoY
182.9%
-200.9%
EPS (diluted)
$-0.02
$0.01

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
INSG
INSG
IRWD
IRWD
Q4 25
$48.4M
$47.7M
Q3 25
$45.9M
$122.1M
Q2 25
$40.2M
$85.2M
Q1 25
$31.7M
$41.1M
Q4 24
$48.1M
$90.5M
Q3 24
$54.0M
$91.6M
Q2 24
$51.6M
$94.4M
Q1 24
$37.5M
$74.9M
Net Profit
INSG
INSG
IRWD
IRWD
Q4 25
$469.0K
$-2.3M
Q3 25
$1.4M
$40.1M
Q2 25
$507.0K
$23.6M
Q1 25
$-1.6M
$-37.4M
Q4 24
$-566.0K
$2.3M
Q3 24
$9.0M
$3.6M
Q2 24
$624.0K
$-860.0K
Q1 24
$-4.5M
$-4.2M
Gross Margin
INSG
INSG
IRWD
IRWD
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
INSG
INSG
IRWD
IRWD
Q4 25
2.7%
14.3%
Q3 25
4.7%
61.8%
Q2 25
3.2%
53.2%
Q1 25
-1.3%
-70.7%
Q4 24
3.7%
34.8%
Q3 24
1.9%
28.0%
Q2 24
3.6%
26.5%
Q1 24
-7.9%
14.7%
Net Margin
INSG
INSG
IRWD
IRWD
Q4 25
1.0%
-4.8%
Q3 25
3.1%
32.8%
Q2 25
1.3%
27.7%
Q1 25
-5.0%
-90.9%
Q4 24
-1.2%
2.5%
Q3 24
16.6%
4.0%
Q2 24
1.2%
-0.9%
Q1 24
-11.9%
-5.6%
EPS (diluted)
INSG
INSG
IRWD
IRWD
Q4 25
$-0.02
$0.01
Q3 25
$0.03
$0.23
Q2 25
$-0.03
$0.14
Q1 25
$-0.16
$-0.23
Q4 24
$0.62
$0.03
Q3 24
$-0.06
$0.02
Q2 24
$-0.02
$-0.01
Q1 24
$-0.44
$-0.03

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$24.9M
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
$-261.8M
Total Assets
$93.8M
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
IRWD
IRWD
Q4 25
$24.9M
$215.5M
Q3 25
$14.6M
$140.4M
Q2 25
$13.2M
$92.9M
Q1 25
$35.1M
$108.5M
Q4 24
$39.6M
$88.6M
Q3 24
$12.0M
$88.2M
Q2 24
$49.0M
$105.5M
Q1 24
$12.3M
$121.5M
Total Debt
INSG
INSG
IRWD
IRWD
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
INSG
INSG
IRWD
IRWD
Q4 25
$-4.0M
$-261.8M
Q3 25
$-7.7M
$-264.2M
Q2 25
$-10.5M
$-308.2M
Q1 25
$-13.0M
$-334.1M
Q4 24
$-12.9M
$-301.3M
Q3 24
$-85.1M
$-311.3M
Q2 24
$-101.8M
$-321.7M
Q1 24
$-105.6M
$-330.5M
Total Assets
INSG
INSG
IRWD
IRWD
Q4 25
$93.8M
$396.9M
Q3 25
$85.8M
$396.1M
Q2 25
$83.1M
$342.9M
Q1 25
$93.0M
$327.2M
Q4 24
$100.0M
$350.9M
Q3 24
$113.4M
$389.5M
Q2 24
$149.6M
$395.6M
Q1 24
$122.1M
$438.8M

Cash Flow & Capital Efficiency

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

Metric
INSG
INSG
IRWD
IRWD
Operating Cash FlowLast quarter
$12.0M
$74.6M
Free Cash FlowOCF − Capex
$11.6M
$74.6M
FCF MarginFCF / Revenue
24.0%
156.3%
Capex IntensityCapex / Revenue
0.7%
0.0%
Cash ConversionOCF / Net Profit
25.50×
TTM Free Cash FlowTrailing 4 quarters
$6.5M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
IRWD
IRWD
Q4 25
$12.0M
$74.6M
Q3 25
$3.2M
$47.6M
Q2 25
$-4.5M
$-15.1M
Q1 25
$-3.5M
$20.0M
Q4 24
$-14.2M
$15.2M
Q3 24
$14.8M
$9.9M
Q2 24
$27.6M
$33.5M
Q1 24
$5.2M
$45.0M
Free Cash Flow
INSG
INSG
IRWD
IRWD
Q4 25
$11.6M
$74.6M
Q3 25
$3.1M
$47.6M
Q2 25
$-4.7M
$-15.1M
Q1 25
$-3.5M
$19.9M
Q4 24
$-14.3M
Q3 24
$14.8M
$9.9M
Q2 24
$27.6M
$33.4M
Q1 24
$44.9M
FCF Margin
INSG
INSG
IRWD
IRWD
Q4 25
24.0%
156.3%
Q3 25
6.7%
39.0%
Q2 25
-11.6%
-17.7%
Q1 25
-11.0%
48.4%
Q4 24
-29.7%
Q3 24
27.4%
10.8%
Q2 24
53.5%
35.4%
Q1 24
60.0%
Capex Intensity
INSG
INSG
IRWD
IRWD
Q4 25
0.7%
0.0%
Q3 25
0.2%
0.0%
Q2 25
0.5%
0.0%
Q1 25
0.1%
0.1%
Q4 24
0.1%
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.1%
Q1 24
0.0%
0.1%
Cash Conversion
INSG
INSG
IRWD
IRWD
Q4 25
25.50×
Q3 25
2.22×
1.19×
Q2 25
-8.81×
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
1.65×
2.71×
Q2 24
44.31×
Q1 24

Financial Flow Comparison

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

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