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Side-by-side financial comparison of INSEEGO CORP. (INSG) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $48.4M, roughly 1.6× INSEEGO CORP.). Prairie Operating Co. runs the higher net margin — 1.7% vs 1.0%, a 0.7% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% 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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

INSG vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.6× larger
PROP
$77.7M
$48.4M
INSG
Higher net margin
PROP
PROP
0.7% more per $
PROP
1.7%
1.0%
INSG
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
13.6%
INSG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INSG
INSG
PROP
PROP
Revenue
$48.4M
$77.7M
Net Profit
$469.0K
$1.3M
Gross Margin
42.2%
Operating Margin
2.7%
34.8%
Net Margin
1.0%
1.7%
Revenue YoY
0.6%
Net Profit YoY
182.9%
111.3%
EPS (diluted)
$-0.02
$-0.44

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
PROP
PROP
Q4 25
$48.4M
Q3 25
$45.9M
$77.7M
Q2 25
$40.2M
$68.1M
Q1 25
$31.7M
$13.6M
Q4 24
$48.1M
Q3 24
$54.0M
$0
Q2 24
$51.6M
Q1 24
$37.5M
Net Profit
INSG
INSG
PROP
PROP
Q4 25
$469.0K
Q3 25
$1.4M
$1.3M
Q2 25
$507.0K
$35.7M
Q1 25
$-1.6M
$-2.6M
Q4 24
$-566.0K
Q3 24
$9.0M
$-11.4M
Q2 24
$624.0K
Q1 24
$-4.5M
Gross Margin
INSG
INSG
PROP
PROP
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
PROP
PROP
Q4 25
2.7%
Q3 25
4.7%
34.8%
Q2 25
3.2%
27.8%
Q1 25
-1.3%
12.9%
Q4 24
3.7%
Q3 24
1.9%
Q2 24
3.6%
Q1 24
-7.9%
Net Margin
INSG
INSG
PROP
PROP
Q4 25
1.0%
Q3 25
3.1%
1.7%
Q2 25
1.3%
52.4%
Q1 25
-5.0%
-19.3%
Q4 24
-1.2%
Q3 24
16.6%
Q2 24
1.2%
Q1 24
-11.9%
EPS (diluted)
INSG
INSG
PROP
PROP
Q4 25
$-0.02
Q3 25
$0.03
$-0.44
Q2 25
$-0.03
$0.18
Q1 25
$-0.16
$-3.49
Q4 24
$0.62
Q3 24
$-0.06
$-0.68
Q2 24
$-0.02
Q1 24
$-0.44

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$24.9M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
$101.8M
Total Assets
$93.8M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
PROP
PROP
Q4 25
$24.9M
Q3 25
$14.6M
$10.6M
Q2 25
$13.2M
$10.7M
Q1 25
$35.1M
$15.0M
Q4 24
$39.6M
Q3 24
$12.0M
$40.1M
Q2 24
$49.0M
Q1 24
$12.3M
Total Debt
INSG
INSG
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INSG
INSG
PROP
PROP
Q4 25
$-4.0M
Q3 25
$-7.7M
$101.8M
Q2 25
$-10.5M
$94.2M
Q1 25
$-13.0M
$34.0M
Q4 24
$-12.9M
Q3 24
$-85.1M
$61.3M
Q2 24
$-101.8M
Q1 24
$-105.6M
Total Assets
INSG
INSG
PROP
PROP
Q4 25
$93.8M
Q3 25
$85.8M
$939.8M
Q2 25
$83.1M
$858.5M
Q1 25
$93.0M
$775.4M
Q4 24
$100.0M
Q3 24
$113.4M
$107.2M
Q2 24
$149.6M
Q1 24
$122.1M
Debt / Equity
INSG
INSG
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
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
INSG
INSG
PROP
PROP
Operating Cash FlowLast quarter
$12.0M
$57.7M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
25.50×
44.80×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
PROP
PROP
Q4 25
$12.0M
Q3 25
$3.2M
$57.7M
Q2 25
$-4.5M
$-7.2M
Q1 25
$-3.5M
$16.9M
Q4 24
$-14.2M
Q3 24
$14.8M
$2.8M
Q2 24
$27.6M
Q1 24
$5.2M
Free Cash Flow
INSG
INSG
PROP
PROP
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
PROP
PROP
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
PROP
PROP
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
PROP
PROP
Q4 25
25.50×
Q3 25
2.22×
44.80×
Q2 25
-8.81×
-0.20×
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.

Revenue Breakdown by Segment

INSG
INSG

Segment breakdown not available.

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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