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Side-by-side financial comparison of INSEEGO CORP. (INSG) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.

Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $48.4M, roughly 1.1× INSEEGO CORP.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs 1.0%, a 3.6% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-17.4M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 11.4%).

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.

Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.

INSG vs LWAY — Head-to-Head

Bigger by revenue
LWAY
LWAY
1.1× larger
LWAY
$55.4M
$48.4M
INSG
Growing faster (revenue YoY)
LWAY
LWAY
+17.3% gap
LWAY
18.0%
0.6%
INSG
Higher net margin
LWAY
LWAY
3.6% more per $
LWAY
4.6%
1.0%
INSG
More free cash flow
INSG
INSG
$29.0M more FCF
INSG
$11.6M
$-17.4M
LWAY
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
LWAY
LWAY
Revenue
$48.4M
$55.4M
Net Profit
$469.0K
$2.5M
Gross Margin
42.2%
27.8%
Operating Margin
2.7%
6.8%
Net Margin
1.0%
4.6%
Revenue YoY
0.6%
18.0%
Net Profit YoY
182.9%
1688.1%
EPS (diluted)
$-0.02
$0.15

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
LWAY
LWAY
Q4 25
$48.4M
$55.4M
Q3 25
$45.9M
$57.1M
Q2 25
$40.2M
$53.9M
Q1 25
$31.7M
$46.1M
Q4 24
$48.1M
$46.9M
Q3 24
$54.0M
$46.1M
Q2 24
$51.6M
$49.2M
Q1 24
$37.5M
$44.6M
Net Profit
INSG
INSG
LWAY
LWAY
Q4 25
$469.0K
$2.5M
Q3 25
$1.4M
$3.5M
Q2 25
$507.0K
$4.2M
Q1 25
$-1.6M
$3.5M
Q4 24
$-566.0K
$-160.0K
Q3 24
$9.0M
$3.0M
Q2 24
$624.0K
$3.8M
Q1 24
$-4.5M
$2.4M
Gross Margin
INSG
INSG
LWAY
LWAY
Q4 25
42.2%
27.8%
Q3 25
41.6%
28.7%
Q2 25
41.1%
28.6%
Q1 25
47.3%
23.9%
Q4 24
37.3%
25.3%
Q3 24
34.8%
25.7%
Q2 24
36.4%
27.0%
Q1 24
35.3%
25.8%
Operating Margin
INSG
INSG
LWAY
LWAY
Q4 25
2.7%
6.8%
Q3 25
4.7%
8.8%
Q2 25
3.2%
10.8%
Q1 25
-1.3%
3.4%
Q4 24
3.7%
1.5%
Q3 24
1.9%
9.1%
Q2 24
3.6%
11.0%
Q1 24
-7.9%
8.0%
Net Margin
INSG
INSG
LWAY
LWAY
Q4 25
1.0%
4.6%
Q3 25
3.1%
6.2%
Q2 25
1.3%
7.9%
Q1 25
-5.0%
7.7%
Q4 24
-1.2%
-0.3%
Q3 24
16.6%
6.5%
Q2 24
1.2%
7.7%
Q1 24
-11.9%
5.4%
EPS (diluted)
INSG
INSG
LWAY
LWAY
Q4 25
$-0.02
$0.15
Q3 25
$0.03
$0.23
Q2 25
$-0.03
$0.28
Q1 25
$-0.16
$0.23
Q4 24
$0.62
$0.00
Q3 24
$-0.06
$0.19
Q2 24
$-0.02
$0.25
Q1 24
$-0.44
$0.16

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$24.9M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
$85.8M
Total Assets
$93.8M
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
LWAY
LWAY
Q4 25
$24.9M
$5.6M
Q3 25
$14.6M
$23.0M
Q2 25
$13.2M
$21.2M
Q1 25
$35.1M
$19.4M
Q4 24
$39.6M
$16.7M
Q3 24
$12.0M
$20.6M
Q2 24
$49.0M
$14.6M
Q1 24
$12.3M
$12.0M
Total Debt
INSG
INSG
LWAY
LWAY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
INSG
INSG
LWAY
LWAY
Q4 25
$-4.0M
$85.8M
Q3 25
$-7.7M
$82.8M
Q2 25
$-10.5M
$78.7M
Q1 25
$-13.0M
$74.2M
Q4 24
$-12.9M
$71.9M
Q3 24
$-85.1M
$71.5M
Q2 24
$-101.8M
$68.0M
Q1 24
$-105.6M
$63.5M
Total Assets
INSG
INSG
LWAY
LWAY
Q4 25
$93.8M
$105.6M
Q3 25
$85.8M
$109.5M
Q2 25
$83.1M
$98.3M
Q1 25
$93.0M
$93.7M
Q4 24
$100.0M
$90.5M
Q3 24
$113.4M
$91.3M
Q2 24
$149.6M
$84.9M
Q1 24
$122.1M
$82.8M
Debt / Equity
INSG
INSG
LWAY
LWAY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.04×

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
LWAY
LWAY
Operating Cash FlowLast quarter
$12.0M
$267.0K
Free Cash FlowOCF − Capex
$11.6M
$-17.4M
FCF MarginFCF / Revenue
24.0%
-31.5%
Capex IntensityCapex / Revenue
0.7%
31.9%
Cash ConversionOCF / Net Profit
25.50×
0.11×
TTM Free Cash FlowTrailing 4 quarters
$6.5M
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
LWAY
LWAY
Q4 25
$12.0M
$267.0K
Q3 25
$3.2M
$6.9M
Q2 25
$-4.5M
$3.9M
Q1 25
$-3.5M
$-150.0K
Q4 24
$-14.2M
$-2.6M
Q3 24
$14.8M
$7.5M
Q2 24
$27.6M
$6.5M
Q1 24
$5.2M
$1.5M
Free Cash Flow
INSG
INSG
LWAY
LWAY
Q4 25
$11.6M
$-17.4M
Q3 25
$3.1M
$1.8M
Q2 25
$-4.7M
$1.6M
Q1 25
$-3.5M
$-2.4M
Q4 24
$-14.3M
$-3.8M
Q3 24
$14.8M
$5.9M
Q2 24
$27.6M
$5.1M
Q1 24
$-923.0K
FCF Margin
INSG
INSG
LWAY
LWAY
Q4 25
24.0%
-31.5%
Q3 25
6.7%
3.1%
Q2 25
-11.6%
3.0%
Q1 25
-11.0%
-5.1%
Q4 24
-29.7%
-8.2%
Q3 24
27.4%
12.8%
Q2 24
53.5%
10.4%
Q1 24
-2.1%
Capex Intensity
INSG
INSG
LWAY
LWAY
Q4 25
0.7%
31.9%
Q3 25
0.2%
9.0%
Q2 25
0.5%
4.3%
Q1 25
0.1%
4.8%
Q4 24
0.1%
2.7%
Q3 24
0.0%
3.3%
Q2 24
0.0%
2.9%
Q1 24
0.0%
5.5%
Cash Conversion
INSG
INSG
LWAY
LWAY
Q4 25
25.50×
0.11×
Q3 25
2.22×
1.96×
Q2 25
-8.81×
0.92×
Q1 25
-0.04×
Q4 24
Q3 24
1.65×
2.50×
Q2 24
44.31×
1.73×
Q1 24
0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INSG
INSG

Segment breakdown not available.

LWAY
LWAY

Drinkable Kefirotherthan Pro Bugs$47.8M86%
Cheese$4.7M8%
Cream And Other$1.7M3%
Other$1.2M2%

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