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Side-by-side financial comparison of INSEEGO CORP. (INSG) and ON24 INC. (ONTF). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $34.6M, roughly 1.4× ON24 INC.). INSEEGO CORP. runs the higher net margin — 1.0% vs -18.8%, a 19.7% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -5.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-2.2M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -4.2%).
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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
INSG vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $34.6M |
| Net Profit | $469.0K | $-6.5M |
| Gross Margin | 42.2% | 74.9% |
| Operating Margin | 2.7% | -23.5% |
| Net Margin | 1.0% | -18.8% |
| Revenue YoY | 0.6% | -5.6% |
| Net Profit YoY | 182.9% | 26.8% |
| 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.
| Q4 25 | $48.4M | $34.6M | ||
| Q3 25 | $45.9M | $34.6M | ||
| Q2 25 | $40.2M | $35.3M | ||
| Q1 25 | $31.7M | $34.7M | ||
| Q4 24 | $48.1M | $36.7M | ||
| Q3 24 | $54.0M | $36.3M | ||
| Q2 24 | $51.6M | $37.3M | ||
| Q1 24 | $37.5M | $37.7M |
| Q4 25 | $469.0K | $-6.5M | ||
| Q3 25 | $1.4M | $-6.4M | ||
| Q2 25 | $507.0K | $-7.3M | ||
| Q1 25 | $-1.6M | $-8.7M | ||
| Q4 24 | $-566.0K | $-8.9M | ||
| Q3 24 | $9.0M | $-11.4M | ||
| Q2 24 | $624.0K | $-11.2M | ||
| Q1 24 | $-4.5M | $-10.7M |
| Q4 25 | 42.2% | 74.9% | ||
| Q3 25 | 41.6% | 74.7% | ||
| Q2 25 | 41.1% | 75.1% | ||
| Q1 25 | 47.3% | 73.8% | ||
| Q4 24 | 37.3% | 74.5% | ||
| Q3 24 | 34.8% | 74.3% | ||
| Q2 24 | 36.4% | 74.5% | ||
| Q1 24 | 35.3% | 74.1% |
| Q4 25 | 2.7% | -23.5% | ||
| Q3 25 | 4.7% | -23.1% | ||
| Q2 25 | 3.2% | -26.0% | ||
| Q1 25 | -1.3% | -30.1% | ||
| Q4 24 | 3.7% | -32.1% | ||
| Q3 24 | 1.9% | -36.7% | ||
| Q2 24 | 3.6% | -35.0% | ||
| Q1 24 | -7.9% | -33.1% |
| Q4 25 | 1.0% | -18.8% | ||
| Q3 25 | 3.1% | -18.4% | ||
| Q2 25 | 1.3% | -20.6% | ||
| Q1 25 | -5.0% | -25.1% | ||
| Q4 24 | -1.2% | -24.2% | ||
| Q3 24 | 16.6% | -31.4% | ||
| Q2 24 | 1.2% | -29.9% | ||
| Q1 24 | -11.9% | -28.4% |
| Q4 25 | $-0.02 | $-0.15 | ||
| Q3 25 | $0.03 | $-0.15 | ||
| Q2 25 | $-0.03 | $-0.17 | ||
| Q1 25 | $-0.16 | $-0.21 | ||
| Q4 24 | $0.62 | $-0.21 | ||
| Q3 24 | $-0.06 | $-0.27 | ||
| Q2 24 | $-0.02 | $-0.27 | ||
| Q1 24 | $-0.44 | $-0.26 |
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 | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.0M | $139.4M |
| Total Assets | $93.8M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $37.0M | ||
| Q3 25 | $14.6M | $47.2M | ||
| Q2 25 | $13.2M | $37.7M | ||
| Q1 25 | $35.1M | $26.8M | ||
| Q4 24 | $39.6M | $14.9M | ||
| Q3 24 | $12.0M | $11.0M | ||
| Q2 24 | $49.0M | $15.5M | ||
| Q1 24 | $12.3M | $18.3M |
| Q4 25 | $-4.0M | $139.4M | ||
| Q3 25 | $-7.7M | $144.3M | ||
| Q2 25 | $-10.5M | $150.0M | ||
| Q1 25 | $-13.0M | $153.7M | ||
| Q4 24 | $-12.9M | $159.4M | ||
| Q3 24 | $-85.1M | $164.9M | ||
| Q2 24 | $-101.8M | $170.8M | ||
| Q1 24 | $-105.6M | $174.4M |
| Q4 25 | $93.8M | $228.4M | ||
| Q3 25 | $85.8M | $224.8M | ||
| Q2 25 | $83.1M | $235.1M | ||
| Q1 25 | $93.0M | $245.8M | ||
| Q4 24 | $100.0M | $251.0M | ||
| Q3 24 | $113.4M | $250.9M | ||
| Q2 24 | $149.6M | $259.0M | ||
| Q1 24 | $122.1M | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $11.6M | $-2.2M |
| FCF MarginFCF / Revenue | 24.0% | -6.4% |
| Capex IntensityCapex / Revenue | 0.7% | 3.3% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $-1.1M | ||
| Q3 25 | $3.2M | $2.5M | ||
| Q2 25 | $-4.5M | $2.6M | ||
| Q1 25 | $-3.5M | $3.4M | ||
| Q4 24 | $-14.2M | $985.0K | ||
| Q3 24 | $14.8M | $295.0K | ||
| Q2 24 | $27.6M | $1.4M | ||
| Q1 24 | $5.2M | $2.1M |
| Q4 25 | $11.6M | $-2.2M | ||
| Q3 25 | $3.1M | $2.2M | ||
| Q2 25 | $-4.7M | $2.1M | ||
| Q1 25 | $-3.5M | $1.9M | ||
| Q4 24 | $-14.3M | $424.0K | ||
| Q3 24 | $14.8M | $143.0K | ||
| Q2 24 | $27.6M | $898.0K | ||
| Q1 24 | — | $1.1M |
| Q4 25 | 24.0% | -6.4% | ||
| Q3 25 | 6.7% | 6.2% | ||
| Q2 25 | -11.6% | 5.9% | ||
| Q1 25 | -11.0% | 5.6% | ||
| Q4 24 | -29.7% | 1.2% | ||
| Q3 24 | 27.4% | 0.4% | ||
| Q2 24 | 53.5% | 2.4% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 0.7% | 3.3% | ||
| Q3 25 | 0.2% | 1.1% | ||
| Q2 25 | 0.5% | 1.4% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 0.1% | 1.5% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 1.3% | ||
| Q1 24 | 0.0% | 2.8% |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | -8.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 44.31× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
