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Side-by-side financial comparison of INSEEGO CORP. (INSG) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $48.4M, roughly 1.6× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -178.3%, a 179.3% gap on every dollar of revenue. On growth, INSEEGO CORP. posted the faster year-over-year revenue change (0.6% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
INSG vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $78.6M |
| Net Profit | $469.0K | $-140.1M |
| Gross Margin | 42.2% | 74.2% |
| Operating Margin | 2.7% | -182.2% |
| Net Margin | 1.0% | -178.3% |
| Revenue YoY | 0.6% | 0.4% |
| Net Profit YoY | 182.9% | -3304.1% |
| EPS (diluted) | $-0.02 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $45.9M | $77.7M | ||
| Q2 25 | $40.2M | $75.6M | ||
| Q1 25 | $31.7M | $77.3M | ||
| Q4 24 | $48.1M | $78.3M | ||
| Q3 24 | $54.0M | $79.1M | ||
| Q2 24 | $51.6M | $74.9M | ||
| Q1 24 | $37.5M | $80.7M |
| Q4 25 | $469.0K | $-140.1M | ||
| Q3 25 | $1.4M | $-6.4M | ||
| Q2 25 | $507.0K | $-102.3M | ||
| Q1 25 | $-1.6M | $-7.9M | ||
| Q4 24 | $-566.0K | $-4.1M | ||
| Q3 24 | $9.0M | $3.2M | ||
| Q2 24 | $624.0K | $-4.1M | ||
| Q1 24 | $-4.5M | $-5.2M |
| Q4 25 | 42.2% | 74.2% | ||
| Q3 25 | 41.6% | 74.4% | ||
| Q2 25 | 41.1% | 75.7% | ||
| Q1 25 | 47.3% | 75.9% | ||
| Q4 24 | 37.3% | 76.3% | ||
| Q3 24 | 34.8% | 77.8% | ||
| Q2 24 | 36.4% | 78.2% | ||
| Q1 24 | 35.3% | 76.2% |
| Q4 25 | 2.7% | -182.2% | ||
| Q3 25 | 4.7% | -3.9% | ||
| Q2 25 | 3.2% | -138.7% | ||
| Q1 25 | -1.3% | -4.7% | ||
| Q4 24 | 3.7% | -1.5% | ||
| Q3 24 | 1.9% | -0.9% | ||
| Q2 24 | 3.6% | -4.6% | ||
| Q1 24 | -7.9% | -3.1% |
| Q4 25 | 1.0% | -178.3% | ||
| Q3 25 | 3.1% | -8.3% | ||
| Q2 25 | 1.3% | -135.2% | ||
| Q1 25 | -5.0% | -10.3% | ||
| Q4 24 | -1.2% | -5.3% | ||
| Q3 24 | 16.6% | 4.1% | ||
| Q2 24 | 1.2% | -5.4% | ||
| Q1 24 | -11.9% | -6.5% |
| Q4 25 | $-0.02 | $-1.68 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $-0.03 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $0.62 | $-0.04 | ||
| Q3 24 | $-0.06 | $0.03 | ||
| Q2 24 | $-0.02 | $-0.04 | ||
| Q1 24 | $-0.44 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $-4.0M | $484.4M |
| Total Assets | $93.8M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $115.7M | ||
| Q3 25 | $14.6M | $95.7M | ||
| Q2 25 | $13.2M | $162.6M | ||
| Q1 25 | $35.1M | $165.5M | ||
| Q4 24 | $39.6M | $189.5M | ||
| Q3 24 | $12.0M | $168.7M | ||
| Q2 24 | $49.0M | $147.1M | ||
| Q1 24 | $12.3M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $-4.0M | $484.4M | ||
| Q3 25 | $-7.7M | $616.9M | ||
| Q2 25 | $-10.5M | $633.7M | ||
| Q1 25 | $-13.0M | $755.7M | ||
| Q4 24 | $-12.9M | $761.3M | ||
| Q3 24 | $-85.1M | $754.7M | ||
| Q2 24 | $-101.8M | $815.4M | ||
| Q1 24 | $-105.6M | $813.8M |
| Q4 25 | $93.8M | $1.2B | ||
| Q3 25 | $85.8M | $1.3B | ||
| Q2 25 | $83.1M | $1.4B | ||
| Q1 25 | $93.0M | $1.5B | ||
| Q4 24 | $100.0M | $1.6B | ||
| Q3 24 | $113.4M | $1.6B | ||
| Q2 24 | $149.6M | $1.5B | ||
| Q1 24 | $122.1M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $11.6M | $23.2M |
| FCF MarginFCF / Revenue | 24.0% | 29.6% |
| Capex IntensityCapex / Revenue | 0.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $23.3M | ||
| Q3 25 | $3.2M | $32.2M | ||
| Q2 25 | $-4.5M | $33.1M | ||
| Q1 25 | $-3.5M | $2.5M | ||
| Q4 24 | $-14.2M | $34.3M | ||
| Q3 24 | $14.8M | $60.1M | ||
| Q2 24 | $27.6M | $31.0M | ||
| Q1 24 | $5.2M | $24.8M |
| Q4 25 | $11.6M | $23.2M | ||
| Q3 25 | $3.1M | $32.1M | ||
| Q2 25 | $-4.7M | $33.0M | ||
| Q1 25 | $-3.5M | $2.4M | ||
| Q4 24 | $-14.3M | $34.0M | ||
| Q3 24 | $14.8M | $59.8M | ||
| Q2 24 | $27.6M | $30.5M | ||
| Q1 24 | — | $24.7M |
| Q4 25 | 24.0% | 29.6% | ||
| Q3 25 | 6.7% | 41.3% | ||
| Q2 25 | -11.6% | 43.6% | ||
| Q1 25 | -11.0% | 3.0% | ||
| Q4 24 | -29.7% | 43.5% | ||
| Q3 24 | 27.4% | 75.6% | ||
| Q2 24 | 53.5% | 40.7% | ||
| Q1 24 | — | 30.6% |
| Q4 25 | 0.7% | 0.1% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | -8.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | 18.52× | ||
| Q2 24 | 44.31× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INSG
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
