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Side-by-side financial comparison of INSEEGO CORP. (INSG) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $48.4M, roughly 1.8× INSEEGO CORP.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 1.0%, a 17.3% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
INSG vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $88.4M |
| Net Profit | $469.0K | $16.2M |
| Gross Margin | 42.2% | — |
| Operating Margin | 2.7% | 7.5% |
| Net Margin | 1.0% | 18.3% |
| Revenue YoY | 0.6% | 18.7% |
| Net Profit YoY | 182.9% | 401.5% |
| EPS (diluted) | $-0.02 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $45.9M | $77.9M | ||
| Q2 25 | $40.2M | $77.4M | ||
| Q1 25 | $31.7M | $83.0M | ||
| Q4 24 | $48.1M | $74.5M | ||
| Q3 24 | $54.0M | $82.6M | ||
| Q2 24 | $51.6M | $69.8M | ||
| Q1 24 | $37.5M | $64.0M |
| Q4 25 | $469.0K | $16.2M | ||
| Q3 25 | $1.4M | $11.4M | ||
| Q2 25 | $507.0K | $7.6M | ||
| Q1 25 | $-1.6M | $1.3M | ||
| Q4 24 | $-566.0K | $-5.4M | ||
| Q3 24 | $9.0M | $17.1M | ||
| Q2 24 | $624.0K | $1.9M | ||
| Q1 24 | $-4.5M | $677.0K |
| 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% | 7.5% | ||
| Q3 25 | 4.7% | 4.6% | ||
| Q2 25 | 3.2% | -1.1% | ||
| Q1 25 | -1.3% | -2.3% | ||
| Q4 24 | 3.7% | -0.5% | ||
| Q3 24 | 1.9% | 14.9% | ||
| Q2 24 | 3.6% | 8.1% | ||
| Q1 24 | -7.9% | 5.6% |
| Q4 25 | 1.0% | 18.3% | ||
| Q3 25 | 3.1% | 14.6% | ||
| Q2 25 | 1.3% | 9.8% | ||
| Q1 25 | -5.0% | 1.5% | ||
| Q4 24 | -1.2% | -7.2% | ||
| Q3 24 | 16.6% | 20.7% | ||
| Q2 24 | 1.2% | 2.7% | ||
| Q1 24 | -11.9% | 1.1% |
| Q4 25 | $-0.02 | $0.08 | ||
| Q3 25 | $0.03 | $0.05 | ||
| Q2 25 | $-0.03 | $0.03 | ||
| Q1 25 | $-0.16 | $-0.01 | ||
| Q4 24 | $0.62 | $-0.05 | ||
| Q3 24 | $-0.06 | $0.09 | ||
| Q2 24 | $-0.02 | $-0.01 | ||
| Q1 24 | $-0.44 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $-4.0M | $-12.9M |
| Total Assets | $93.8M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $24.4M | ||
| Q3 25 | $14.6M | $29.9M | ||
| Q2 25 | $13.2M | $29.3M | ||
| Q1 25 | $35.1M | $40.1M | ||
| Q4 24 | $39.6M | $24.3M | ||
| Q3 24 | $12.0M | $31.0M | ||
| Q2 24 | $49.0M | $27.6M | ||
| Q1 24 | $12.3M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $-4.0M | $-12.9M | ||
| Q3 25 | $-7.7M | $7.5M | ||
| Q2 25 | $-10.5M | $-25.0M | ||
| Q1 25 | $-13.0M | $57.1M | ||
| Q4 24 | $-12.9M | $-148.4M | ||
| Q3 24 | $-85.1M | $-180.1M | ||
| Q2 24 | $-101.8M | $-273.0M | ||
| Q1 24 | $-105.6M | $-382.4M |
| Q4 25 | $93.8M | $959.5M | ||
| Q3 25 | $85.8M | $916.7M | ||
| Q2 25 | $83.1M | $905.5M | ||
| Q1 25 | $93.0M | $884.9M | ||
| Q4 24 | $100.0M | $881.1M | ||
| Q3 24 | $113.4M | $831.1M | ||
| Q2 24 | $149.6M | $782.3M | ||
| Q1 24 | $122.1M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.0M | $-3.5M |
| Free Cash FlowOCF − Capex | $11.6M | $-13.4M |
| FCF MarginFCF / Revenue | 24.0% | -15.1% |
| Capex IntensityCapex / Revenue | 0.7% | 11.1% |
| Cash ConversionOCF / Net Profit | 25.50× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $-3.5M | ||
| Q3 25 | $3.2M | $18.2M | ||
| Q2 25 | $-4.5M | $-7.9M | ||
| Q1 25 | $-3.5M | $29.7M | ||
| Q4 24 | $-14.2M | $-532.0K | ||
| Q3 24 | $14.8M | $17.7M | ||
| Q2 24 | $27.6M | $533.0K | ||
| Q1 24 | $5.2M | $13.7M |
| Q4 25 | $11.6M | $-13.4M | ||
| Q3 25 | $3.1M | $-9.3M | ||
| Q2 25 | $-4.7M | $-29.7M | ||
| Q1 25 | $-3.5M | $18.1M | ||
| Q4 24 | $-14.3M | $-55.0M | ||
| Q3 24 | $14.8M | $-5.4M | ||
| Q2 24 | $27.6M | $-22.5M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | 24.0% | -15.1% | ||
| Q3 25 | 6.7% | -11.9% | ||
| Q2 25 | -11.6% | -38.4% | ||
| Q1 25 | -11.0% | 21.8% | ||
| Q4 24 | -29.7% | -73.8% | ||
| Q3 24 | 27.4% | -6.5% | ||
| Q2 24 | 53.5% | -32.2% | ||
| Q1 24 | — | -20.4% |
| Q4 25 | 0.7% | 11.1% | ||
| Q3 25 | 0.2% | 35.3% | ||
| Q2 25 | 0.5% | 28.2% | ||
| Q1 25 | 0.1% | 13.9% | ||
| Q4 24 | 0.1% | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | 0.0% | 32.9% | ||
| Q1 24 | 0.0% | 41.8% |
| Q4 25 | 25.50× | -0.22× | ||
| Q3 25 | 2.22× | 1.60× | ||
| Q2 25 | -8.81× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | 1.03× | ||
| Q2 24 | 44.31× | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INSG
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
