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

NewtekOne, Inc. is the larger business by last-quarter revenue ($73.3M vs $48.4M, roughly 1.5× INSEEGO CORP.). NewtekOne, Inc. runs the higher net margin — 111.8% vs 1.0%, a 110.8% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -2.7%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-579.3M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 12.2%).

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.

NewTek, Inc., is a hardware and software company, based in San Antonio, Texas, that produced live and post-production video tools and visual imaging software for personal computers. The company was founded in 1985 in Topeka, Kansas, United States, by Tim Jenison and Paul Montgomery. On April 1, 2019, it was announced that NewTek would be acquired by Vizrt.

INSG vs NEWT — Head-to-Head

Bigger by revenue
NEWT
NEWT
1.5× larger
NEWT
$73.3M
$48.4M
INSG
Growing faster (revenue YoY)
INSG
INSG
+3.3% gap
INSG
0.6%
-2.7%
NEWT
Higher net margin
NEWT
NEWT
110.8% more per $
NEWT
111.8%
1.0%
INSG
More free cash flow
INSG
INSG
$591.0M more FCF
INSG
$11.6M
$-579.3M
NEWT
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
12.2%
NEWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
NEWT
NEWT
Revenue
$48.4M
$73.3M
Net Profit
$469.0K
$19.5M
Gross Margin
42.2%
Operating Margin
2.7%
Net Margin
1.0%
111.8%
Revenue YoY
0.6%
-2.7%
Net Profit YoY
182.9%
6.6%
EPS (diluted)
$-0.02
$0.64

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
NEWT
NEWT
Q4 25
$48.4M
$73.3M
Q3 25
$45.9M
$74.9M
Q2 25
$40.2M
$70.2M
Q1 25
$31.7M
$66.3M
Q4 24
$48.1M
$75.4M
Q3 24
$54.0M
$62.8M
Q2 24
$51.6M
$61.1M
Q1 24
$37.5M
$58.3M
Net Profit
INSG
INSG
NEWT
NEWT
Q4 25
$469.0K
$19.5M
Q3 25
$1.4M
$17.9M
Q2 25
$507.0K
$13.7M
Q1 25
$-1.6M
$9.4M
Q4 24
$-566.0K
$18.3M
Q3 24
$9.0M
$11.9M
Q2 24
$624.0K
$10.9M
Q1 24
$-4.5M
$9.7M
Gross Margin
INSG
INSG
NEWT
NEWT
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
NEWT
NEWT
Q4 25
2.7%
Q3 25
4.7%
Q2 25
3.2%
Q1 25
-1.3%
Q4 24
3.7%
Q3 24
1.9%
Q2 24
3.6%
Q1 24
-7.9%
Net Margin
INSG
INSG
NEWT
NEWT
Q4 25
1.0%
111.8%
Q3 25
3.1%
23.9%
Q2 25
1.3%
19.5%
Q1 25
-5.0%
14.1%
Q4 24
-1.2%
24.3%
Q3 24
16.6%
19.0%
Q2 24
1.2%
17.9%
Q1 24
-11.9%
16.6%
EPS (diluted)
INSG
INSG
NEWT
NEWT
Q4 25
$-0.02
$0.64
Q3 25
$0.03
$0.67
Q2 25
$-0.03
$0.52
Q1 25
$-0.16
$0.35
Q4 24
$0.62
$0.70
Q3 24
$-0.06
$0.45
Q2 24
$-0.02
$0.43
Q1 24
$-0.44
$0.38

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
NEWT
NEWT
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
$819.9M
Stockholders' EquityBook value
$-4.0M
$397.6M
Total Assets
$93.8M
$2.7B
Debt / EquityLower = less leverage
2.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
NEWT
NEWT
Q4 25
$24.9M
Q3 25
$14.6M
Q2 25
$13.2M
Q1 25
$35.1M
Q4 24
$39.6M
Q3 24
$12.0M
Q2 24
$49.0M
Q1 24
$12.3M
Total Debt
INSG
INSG
NEWT
NEWT
Q4 25
$819.9M
Q3 25
$748.5M
Q2 25
$657.3M
Q1 25
$774.0M
Q4 24
$708.0M
Q3 24
$655.8M
Q2 24
$652.0M
Q1 24
$662.5M
Stockholders' Equity
INSG
INSG
NEWT
NEWT
Q4 25
$-4.0M
$397.6M
Q3 25
$-7.7M
$386.7M
Q2 25
$-10.5M
$312.2M
Q1 25
$-13.0M
$302.3M
Q4 24
$-12.9M
$296.3M
Q3 24
$-85.1M
$281.8M
Q2 24
$-101.8M
$274.0M
Q1 24
$-105.6M
$254.1M
Total Assets
INSG
INSG
NEWT
NEWT
Q4 25
$93.8M
$2.7B
Q3 25
$85.8M
$2.4B
Q2 25
$83.1M
$2.1B
Q1 25
$93.0M
$2.1B
Q4 24
$100.0M
$2.1B
Q3 24
$113.4M
$1.7B
Q2 24
$149.6M
$1.6B
Q1 24
$122.1M
$1.5B
Debt / Equity
INSG
INSG
NEWT
NEWT
Q4 25
2.06×
Q3 25
1.94×
Q2 25
2.11×
Q1 25
2.56×
Q4 24
2.39×
Q3 24
2.33×
Q2 24
2.38×
Q1 24
2.61×

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
NEWT
NEWT
Operating Cash FlowLast quarter
$12.0M
$-579.2M
Free Cash FlowOCF − Capex
$11.6M
$-579.3M
FCF MarginFCF / Revenue
24.0%
-790.0%
Capex IntensityCapex / Revenue
0.7%
0.1%
Cash ConversionOCF / Net Profit
25.50×
-29.64×
TTM Free Cash FlowTrailing 4 quarters
$6.5M
$-1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
NEWT
NEWT
Q4 25
$12.0M
$-579.2M
Q3 25
$3.2M
$-167.3M
Q2 25
$-4.5M
$-199.8M
Q1 25
$-3.5M
$-60.7M
Q4 24
$-14.2M
$-153.0M
Q3 24
$14.8M
$-25.7M
Q2 24
$27.6M
$2.9M
Q1 24
$5.2M
$-38.7M
Free Cash Flow
INSG
INSG
NEWT
NEWT
Q4 25
$11.6M
$-579.3M
Q3 25
$3.1M
$-167.3M
Q2 25
$-4.7M
$-199.9M
Q1 25
$-3.5M
$-60.7M
Q4 24
$-14.3M
$-153.5M
Q3 24
$14.8M
$-25.9M
Q2 24
$27.6M
$2.9M
Q1 24
$-38.7M
FCF Margin
INSG
INSG
NEWT
NEWT
Q4 25
24.0%
-790.0%
Q3 25
6.7%
-223.3%
Q2 25
-11.6%
-284.7%
Q1 25
-11.0%
-91.6%
Q4 24
-29.7%
-203.6%
Q3 24
27.4%
-41.2%
Q2 24
53.5%
4.7%
Q1 24
-66.5%
Capex Intensity
INSG
INSG
NEWT
NEWT
Q4 25
0.7%
0.1%
Q3 25
0.2%
0.0%
Q2 25
0.5%
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.1%
0.6%
Q3 24
0.0%
0.4%
Q2 24
0.0%
0.1%
Q1 24
0.0%
0.1%
Cash Conversion
INSG
INSG
NEWT
NEWT
Q4 25
25.50×
-29.64×
Q3 25
2.22×
-9.35×
Q2 25
-8.81×
-14.58×
Q1 25
-6.48×
Q4 24
-8.35×
Q3 24
1.65×
-2.15×
Q2 24
44.31×
0.27×
Q1 24
-4.01×

Financial Flow Comparison

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

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