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Side-by-side financial comparison of INSEEGO CORP. (INSG) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $48.4M, roughly 1.2× INSEEGO CORP.). LandBridge Co LLC runs the higher net margin — 14.2% vs 1.0%, a 13.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 0.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $11.6M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.

INSG vs LB — Head-to-Head

Bigger by revenue
LB
LB
1.2× larger
LB
$56.8M
$48.4M
INSG
Growing faster (revenue YoY)
LB
LB
+54.9% gap
LB
55.6%
0.6%
INSG
Higher net margin
LB
LB
13.2% more per $
LB
14.2%
1.0%
INSG
More free cash flow
LB
LB
$110.4M more FCF
LB
$122.0M
$11.6M
INSG
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
13.6%
INSG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
LB
LB
Revenue
$48.4M
$56.8M
Net Profit
$469.0K
$8.1M
Gross Margin
42.2%
Operating Margin
2.7%
60.0%
Net Margin
1.0%
14.2%
Revenue YoY
0.6%
55.6%
Net Profit YoY
182.9%
-83.7%
EPS (diluted)
$-0.02
$0.24

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
LB
LB
Q4 25
$48.4M
$56.8M
Q3 25
$45.9M
$50.8M
Q2 25
$40.2M
$47.5M
Q1 25
$31.7M
$44.0M
Q4 24
$48.1M
$36.5M
Q3 24
$54.0M
$28.5M
Q2 24
$51.6M
$26.0M
Q1 24
$37.5M
$19.0M
Net Profit
INSG
INSG
LB
LB
Q4 25
$469.0K
$8.1M
Q3 25
$1.4M
$8.1M
Q2 25
$507.0K
$7.5M
Q1 25
$-1.6M
$6.5M
Q4 24
$-566.0K
$49.3M
Q3 24
$9.0M
$2.7M
Q2 24
$624.0K
$-57.7M
Q1 24
$-4.5M
$10.8M
Gross Margin
INSG
INSG
LB
LB
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
LB
LB
Q4 25
2.7%
60.0%
Q3 25
4.7%
60.8%
Q2 25
3.2%
60.0%
Q1 25
-1.3%
57.0%
Q4 24
3.7%
49.4%
Q3 24
1.9%
11.2%
Q2 24
3.6%
-197.4%
Q1 24
-7.9%
71.1%
Net Margin
INSG
INSG
LB
LB
Q4 25
1.0%
14.2%
Q3 25
3.1%
15.9%
Q2 25
1.3%
15.8%
Q1 25
-5.0%
14.7%
Q4 24
-1.2%
135.2%
Q3 24
16.6%
9.3%
Q2 24
1.2%
-222.1%
Q1 24
-11.9%
56.7%
EPS (diluted)
INSG
INSG
LB
LB
Q4 25
$-0.02
$0.24
Q3 25
$0.03
$0.26
Q2 25
$-0.03
$0.24
Q1 25
$-0.16
$0.20
Q4 24
$0.62
Q3 24
$-0.06
$-0.04
Q2 24
$-0.02
Q1 24
$-0.44

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
LB
LB
Cash + ST InvestmentsLiquidity on hand
$24.9M
$30.7M
Total DebtLower is stronger
$570.7M
Stockholders' EquityBook value
$-4.0M
$340.3M
Total Assets
$93.8M
$1.4B
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
LB
LB
Q4 25
$24.9M
$30.7M
Q3 25
$14.6M
$28.3M
Q2 25
$13.2M
$20.3M
Q1 25
$35.1M
$14.9M
Q4 24
$39.6M
$37.0M
Q3 24
$12.0M
$14.4M
Q2 24
$49.0M
$24.6M
Q1 24
$12.3M
Total Debt
INSG
INSG
LB
LB
Q4 25
$570.7M
Q3 25
$366.1M
Q2 25
$370.9M
Q1 25
$375.5M
Q4 24
$385.5M
Q3 24
$242.4M
Q2 24
$360.8M
Q1 24
Stockholders' Equity
INSG
INSG
LB
LB
Q4 25
$-4.0M
$340.3M
Q3 25
$-7.7M
$272.0M
Q2 25
$-10.5M
$266.4M
Q1 25
$-13.0M
$217.0M
Q4 24
$-12.9M
$211.8M
Q3 24
$-85.1M
$97.2M
Q2 24
$-101.8M
$296.4M
Q1 24
$-105.6M
$162.3M
Total Assets
INSG
INSG
LB
LB
Q4 25
$93.8M
$1.4B
Q3 25
$85.8M
$1.1B
Q2 25
$83.1M
$1.1B
Q1 25
$93.0M
$1.0B
Q4 24
$100.0M
$1.0B
Q3 24
$113.4M
$689.9M
Q2 24
$149.6M
$710.5M
Q1 24
$122.1M
Debt / Equity
INSG
INSG
LB
LB
Q4 25
1.68×
Q3 25
1.35×
Q2 25
1.39×
Q1 25
1.73×
Q4 24
1.82×
Q3 24
2.49×
Q2 24
1.22×
Q1 24

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
LB
LB
Operating Cash FlowLast quarter
$12.0M
$126.3M
Free Cash FlowOCF − Capex
$11.6M
$122.0M
FCF MarginFCF / Revenue
24.0%
214.9%
Capex IntensityCapex / Revenue
0.7%
7.5%
Cash ConversionOCF / Net Profit
25.50×
15.68×
TTM Free Cash FlowTrailing 4 quarters
$6.5M
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
LB
LB
Q4 25
$12.0M
$126.3M
Q3 25
$3.2M
$34.9M
Q2 25
$-4.5M
$37.3M
Q1 25
$-3.5M
$15.9M
Q4 24
$-14.2M
$67.6M
Q3 24
$14.8M
$7.5M
Q2 24
$27.6M
$16.0M
Q1 24
$5.2M
$17.2M
Free Cash Flow
INSG
INSG
LB
LB
Q4 25
$11.6M
$122.0M
Q3 25
$3.1M
$33.7M
Q2 25
$-4.7M
$36.1M
Q1 25
$-3.5M
$15.8M
Q4 24
$-14.3M
$66.7M
Q3 24
$14.8M
$7.1M
Q2 24
$27.6M
$15.7M
Q1 24
$17.1M
FCF Margin
INSG
INSG
LB
LB
Q4 25
24.0%
214.9%
Q3 25
6.7%
66.3%
Q2 25
-11.6%
75.9%
Q1 25
-11.0%
36.0%
Q4 24
-29.7%
182.6%
Q3 24
27.4%
25.1%
Q2 24
53.5%
60.4%
Q1 24
90.1%
Capex Intensity
INSG
INSG
LB
LB
Q4 25
0.7%
7.5%
Q3 25
0.2%
2.3%
Q2 25
0.5%
2.6%
Q1 25
0.1%
0.2%
Q4 24
0.1%
2.7%
Q3 24
0.0%
1.1%
Q2 24
0.0%
1.4%
Q1 24
0.0%
0.5%
Cash Conversion
INSG
INSG
LB
LB
Q4 25
25.50×
15.68×
Q3 25
2.22×
4.31×
Q2 25
-8.81×
4.98×
Q1 25
2.46×
Q4 24
1.37×
Q3 24
1.65×
2.80×
Q2 24
44.31×
Q1 24
1.60×

Financial Flow Comparison

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

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