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Side-by-side financial comparison of INSEEGO CORP. (INSG) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.

PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $48.4M, roughly 1.9× INSEEGO CORP.). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 1.0%, a 55.0% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs -13.3%). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 12.3%).

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.

PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.

INSG vs PMT — Head-to-Head

Bigger by revenue
PMT
PMT
1.9× larger
PMT
$93.6M
$48.4M
INSG
Growing faster (revenue YoY)
INSG
INSG
+14.0% gap
INSG
0.6%
-13.3%
PMT
Higher net margin
PMT
PMT
55.0% more per $
PMT
56.0%
1.0%
INSG
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
12.3%
PMT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
PMT
PMT
Revenue
$48.4M
$93.6M
Net Profit
$469.0K
$52.4M
Gross Margin
42.2%
Operating Margin
2.7%
38.6%
Net Margin
1.0%
56.0%
Revenue YoY
0.6%
-13.3%
Net Profit YoY
182.9%
12.5%
EPS (diluted)
$-0.02
$0.49

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
PMT
PMT
Q4 25
$48.4M
$93.6M
Q3 25
$45.9M
$99.2M
Q2 25
$40.2M
$70.2M
Q1 25
$31.7M
$44.5M
Q4 24
$48.1M
$107.9M
Q3 24
$54.0M
$80.9M
Q2 24
$51.6M
$71.2M
Q1 24
$37.5M
$74.2M
Net Profit
INSG
INSG
PMT
PMT
Q4 25
$469.0K
$52.4M
Q3 25
$1.4M
$58.3M
Q2 25
$507.0K
$7.5M
Q1 25
$-1.6M
$9.7M
Q4 24
$-566.0K
$46.5M
Q3 24
$9.0M
$41.4M
Q2 24
$624.0K
$25.4M
Q1 24
$-4.5M
$47.6M
Gross Margin
INSG
INSG
PMT
PMT
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
PMT
PMT
Q4 25
2.7%
38.6%
Q3 25
4.7%
47.4%
Q2 25
3.2%
24.2%
Q1 25
-1.3%
-14.2%
Q4 24
3.7%
51.1%
Q3 24
1.9%
32.8%
Q2 24
3.6%
40.2%
Q1 24
-7.9%
43.6%
Net Margin
INSG
INSG
PMT
PMT
Q4 25
1.0%
56.0%
Q3 25
3.1%
58.7%
Q2 25
1.3%
10.7%
Q1 25
-5.0%
21.8%
Q4 24
-1.2%
43.1%
Q3 24
16.6%
51.2%
Q2 24
1.2%
35.7%
Q1 24
-11.9%
64.2%
EPS (diluted)
INSG
INSG
PMT
PMT
Q4 25
$-0.02
$0.49
Q3 25
$0.03
$0.55
Q2 25
$-0.03
$-0.04
Q1 25
$-0.16
$-0.01
Q4 24
$0.62
$0.45
Q3 24
$-0.06
$0.36
Q2 24
$-0.02
$0.17
Q1 24
$-0.44
$0.39

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
PMT
PMT
Cash + ST InvestmentsLiquidity on hand
$24.9M
$190.5M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$-4.0M
$1.9B
Total Assets
$93.8M
$21.3B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
PMT
PMT
Q4 25
$24.9M
$190.5M
Q3 25
$14.6M
$181.0M
Q2 25
$13.2M
$108.6M
Q1 25
$35.1M
$204.2M
Q4 24
$39.6M
$103.2M
Q3 24
$12.0M
$102.8M
Q2 24
$49.0M
$336.3M
Q1 24
$12.3M
$343.3M
Total Debt
INSG
INSG
PMT
PMT
Q4 25
$1.1B
Q3 25
$299.0M
Q2 25
$1.2B
Q1 25
$968.4M
Q4 24
$1.0B
Q3 24
$5.2B
Q2 24
$5.4B
Q1 24
$5.1B
Stockholders' Equity
INSG
INSG
PMT
PMT
Q4 25
$-4.0M
$1.9B
Q3 25
$-7.7M
$1.9B
Q2 25
$-10.5M
$1.9B
Q1 25
$-13.0M
$1.9B
Q4 24
$-12.9M
$1.9B
Q3 24
$-85.1M
$1.9B
Q2 24
$-101.8M
$1.9B
Q1 24
$-105.6M
$2.0B
Total Assets
INSG
INSG
PMT
PMT
Q4 25
$93.8M
$21.3B
Q3 25
$85.8M
$18.5B
Q2 25
$83.1M
$16.8B
Q1 25
$93.0M
$14.9B
Q4 24
$100.0M
$14.4B
Q3 24
$113.4M
$13.1B
Q2 24
$149.6M
$12.1B
Q1 24
$122.1M
$12.3B
Debt / Equity
INSG
INSG
PMT
PMT
Q4 25
0.58×
Q3 25
0.16×
Q2 25
0.65×
Q1 25
0.51×
Q4 24
0.52×
Q3 24
2.70×
Q2 24
2.76×
Q1 24
2.60×

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
PMT
PMT
Operating Cash FlowLast quarter
$12.0M
$-7.2B
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
25.50×
-137.76×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
PMT
PMT
Q4 25
$12.0M
$-7.2B
Q3 25
$3.2M
$-1.3B
Q2 25
$-4.5M
$-2.0B
Q1 25
$-3.5M
$-594.3M
Q4 24
$-14.2M
$-2.7B
Q3 24
$14.8M
$-983.8M
Q2 24
$27.6M
$243.8M
Q1 24
$5.2M
$-342.4M
Free Cash Flow
INSG
INSG
PMT
PMT
Q4 25
$11.6M
Q3 25
$3.1M
Q2 25
$-4.7M
Q1 25
$-3.5M
Q4 24
$-14.3M
Q3 24
$14.8M
Q2 24
$27.6M
Q1 24
FCF Margin
INSG
INSG
PMT
PMT
Q4 25
24.0%
Q3 25
6.7%
Q2 25
-11.6%
Q1 25
-11.0%
Q4 24
-29.7%
Q3 24
27.4%
Q2 24
53.5%
Q1 24
Capex Intensity
INSG
INSG
PMT
PMT
Q4 25
0.7%
Q3 25
0.2%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
INSG
INSG
PMT
PMT
Q4 25
25.50×
-137.76×
Q3 25
2.22×
-22.26×
Q2 25
-8.81×
-267.53×
Q1 25
-61.39×
Q4 24
-58.08×
Q3 24
1.65×
-23.76×
Q2 24
44.31×
9.59×
Q1 24
-7.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INSG
INSG

Segment breakdown not available.

PMT
PMT

Other$55.0M59%
Interest Rate Sensitive Strategies$31.4M34%
Correspondent Production$7.2M8%

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