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Side-by-side financial comparison of INSEEGO CORP. (INSG) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $25.8M, roughly 1.9× KKR Real Estate Finance Trust Inc.). INSEEGO CORP. runs the higher net margin — 1.0% vs -101.7%, a 102.7% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -26.6%). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
INSG vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $25.8M |
| Net Profit | $469.0K | $-26.2M |
| Gross Margin | 42.2% | — |
| Operating Margin | 2.7% | -105.1% |
| Net Margin | 1.0% | -101.7% |
| Revenue YoY | 0.6% | -26.6% |
| Net Profit YoY | 182.9% | -229.6% |
| EPS (diluted) | $-0.02 | $-0.49 |
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 | $25.8M | ||
| Q3 25 | $45.9M | $25.3M | ||
| Q2 25 | $40.2M | $30.2M | ||
| Q1 25 | $31.7M | $31.3M | ||
| Q4 24 | $48.1M | $35.1M | ||
| Q3 24 | $54.0M | $37.0M | ||
| Q2 24 | $51.6M | $40.4M | ||
| Q1 24 | $37.5M | $39.1M |
| Q4 25 | $469.0K | $-26.2M | ||
| Q3 25 | $1.4M | $13.8M | ||
| Q2 25 | $507.0K | $-29.7M | ||
| Q1 25 | $-1.6M | $-4.9M | ||
| Q4 24 | $-566.0K | $20.3M | ||
| Q3 24 | $9.0M | $-7.4M | ||
| Q2 24 | $624.0K | $25.8M | ||
| Q1 24 | $-4.5M | $-3.1M |
| 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% | — |
| Q4 25 | 2.7% | -105.1% | ||
| Q3 25 | 4.7% | 50.4% | ||
| Q2 25 | 3.2% | -101.3% | ||
| Q1 25 | -1.3% | -18.3% | ||
| Q4 24 | 3.7% | 55.8% | ||
| Q3 24 | 1.9% | -19.6% | ||
| Q2 24 | 3.6% | 63.3% | ||
| Q1 24 | -7.9% | -8.7% |
| Q4 25 | 1.0% | -101.7% | ||
| Q3 25 | 3.1% | 54.4% | ||
| Q2 25 | 1.3% | -98.5% | ||
| Q1 25 | -5.0% | -15.5% | ||
| Q4 24 | -1.2% | 57.7% | ||
| Q3 24 | 16.6% | -20.0% | ||
| Q2 24 | 1.2% | 63.9% | ||
| Q1 24 | -11.9% | -7.9% |
| Q4 25 | $-0.02 | $-0.49 | ||
| Q3 25 | $0.03 | $0.12 | ||
| Q2 25 | $-0.03 | $-0.53 | ||
| Q1 25 | $-0.16 | $-0.15 | ||
| Q4 24 | $0.62 | $0.22 | ||
| Q3 24 | $-0.06 | $-0.19 | ||
| Q2 24 | $-0.02 | $0.29 | ||
| Q1 24 | $-0.44 | $-0.13 |
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 | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.0M | $1.2B |
| Total Assets | $93.8M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $84.6M | ||
| Q3 25 | $14.6M | $204.1M | ||
| Q2 25 | $13.2M | $107.7M | ||
| Q1 25 | $35.1M | $106.4M | ||
| Q4 24 | $39.6M | $104.9M | ||
| Q3 24 | $12.0M | $108.8M | ||
| Q2 24 | $49.0M | $107.2M | ||
| Q1 24 | $12.3M | $106.5M |
| Q4 25 | $-4.0M | $1.2B | ||
| Q3 25 | $-7.7M | $1.2B | ||
| Q2 25 | $-10.5M | $1.2B | ||
| Q1 25 | $-13.0M | $1.3B | ||
| Q4 24 | $-12.9M | $1.3B | ||
| Q3 24 | $-85.1M | $1.4B | ||
| Q2 24 | $-101.8M | $1.4B | ||
| Q1 24 | $-105.6M | $1.4B |
| Q4 25 | $93.8M | $6.5B | ||
| Q3 25 | $85.8M | $6.5B | ||
| Q2 25 | $83.1M | $6.8B | ||
| Q1 25 | $93.0M | $6.6B | ||
| Q4 24 | $100.0M | $6.4B | ||
| Q3 24 | $113.4M | $6.8B | ||
| Q2 24 | $149.6M | $7.1B | ||
| Q1 24 | $122.1M | $7.3B |
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 | $72.3M |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 24.0% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $72.3M | ||
| Q3 25 | $3.2M | $18.5M | ||
| Q2 25 | $-4.5M | $21.1M | ||
| Q1 25 | $-3.5M | $15.9M | ||
| Q4 24 | $-14.2M | $132.6M | ||
| Q3 24 | $14.8M | $49.1M | ||
| Q2 24 | $27.6M | $30.6M | ||
| Q1 24 | $5.2M | $34.5M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-4.7M | — | ||
| Q1 25 | $-3.5M | — | ||
| Q4 24 | $-14.3M | — | ||
| Q3 24 | $14.8M | — | ||
| Q2 24 | $27.6M | — | ||
| Q1 24 | — | — |
| Q4 25 | 24.0% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | -11.6% | — | ||
| Q1 25 | -11.0% | — | ||
| Q4 24 | -29.7% | — | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 53.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | 1.34× | ||
| Q2 25 | -8.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 44.31× | 1.19× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
