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Side-by-side financial comparison of INSEEGO CORP. (INSG) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $48.4M, roughly 1.2× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -83.0%, a 83.9% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 0.6%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

INSG vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.2× larger
RYTM
$57.3M
$48.4M
INSG
Growing faster (revenue YoY)
RYTM
RYTM
+36.2% gap
RYTM
36.9%
0.6%
INSG
Higher net margin
INSG
INSG
83.9% more per $
INSG
1.0%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
13.6%
INSG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
RYTM
RYTM
Revenue
$48.4M
$57.3M
Net Profit
$469.0K
$-47.5M
Gross Margin
42.2%
91.6%
Operating Margin
2.7%
-82.2%
Net Margin
1.0%
-83.0%
Revenue YoY
0.6%
36.9%
Net Profit YoY
182.9%
-9.6%
EPS (diluted)
$-0.02
$-0.73

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
RYTM
RYTM
Q4 25
$48.4M
$57.3M
Q3 25
$45.9M
$51.3M
Q2 25
$40.2M
$48.5M
Q1 25
$31.7M
$32.7M
Q4 24
$48.1M
$41.8M
Q3 24
$54.0M
$33.3M
Q2 24
$51.6M
$29.1M
Q1 24
$37.5M
$26.0M
Net Profit
INSG
INSG
RYTM
RYTM
Q4 25
$469.0K
$-47.5M
Q3 25
$1.4M
$-52.9M
Q2 25
$507.0K
$-46.6M
Q1 25
$-1.6M
$-49.5M
Q4 24
$-566.0K
$-43.3M
Q3 24
$9.0M
$-43.6M
Q2 24
$624.0K
$-32.3M
Q1 24
$-4.5M
$-141.4M
Gross Margin
INSG
INSG
RYTM
RYTM
Q4 25
42.2%
91.6%
Q3 25
41.6%
89.3%
Q2 25
41.1%
88.6%
Q1 25
47.3%
88.8%
Q4 24
37.3%
90.9%
Q3 24
34.8%
88.5%
Q2 24
36.4%
89.9%
Q1 24
35.3%
89.2%
Operating Margin
INSG
INSG
RYTM
RYTM
Q4 25
2.7%
-82.2%
Q3 25
4.7%
-102.6%
Q2 25
3.2%
-93.4%
Q1 25
-1.3%
-143.7%
Q4 24
3.7%
-98.6%
Q3 24
1.9%
-132.0%
Q2 24
3.6%
-139.2%
Q1 24
-7.9%
-538.7%
Net Margin
INSG
INSG
RYTM
RYTM
Q4 25
1.0%
-83.0%
Q3 25
3.1%
-103.1%
Q2 25
1.3%
-96.1%
Q1 25
-5.0%
-151.4%
Q4 24
-1.2%
-103.6%
Q3 24
16.6%
-131.2%
Q2 24
1.2%
-110.9%
Q1 24
-11.9%
-544.4%
EPS (diluted)
INSG
INSG
RYTM
RYTM
Q4 25
$-0.02
$-0.73
Q3 25
$0.03
$-0.82
Q2 25
$-0.03
$-0.75
Q1 25
$-0.16
$-0.81
Q4 24
$0.62
$-0.71
Q3 24
$-0.06
$-0.73
Q2 24
$-0.02
$-0.55
Q1 24
$-0.44
$-2.35

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$24.9M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
$139.1M
Total Assets
$93.8M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
RYTM
RYTM
Q4 25
$24.9M
$388.9M
Q3 25
$14.6M
$416.1M
Q2 25
$13.2M
$291.0M
Q1 25
$35.1M
$314.5M
Q4 24
$39.6M
$320.6M
Q3 24
$12.0M
$298.4M
Q2 24
$49.0M
$319.1M
Q1 24
$12.3M
$201.2M
Stockholders' Equity
INSG
INSG
RYTM
RYTM
Q4 25
$-4.0M
$139.1M
Q3 25
$-7.7M
$148.8M
Q2 25
$-10.5M
$-11.9M
Q1 25
$-13.0M
$18.9M
Q4 24
$-12.9M
$21.7M
Q3 24
$-85.1M
$11.2M
Q2 24
$-101.8M
$39.3M
Q1 24
$-105.6M
$61.6M
Total Assets
INSG
INSG
RYTM
RYTM
Q4 25
$93.8M
$480.2M
Q3 25
$85.8M
$506.9M
Q2 25
$83.1M
$372.7M
Q1 25
$93.0M
$386.7M
Q4 24
$100.0M
$392.3M
Q3 24
$113.4M
$363.6M
Q2 24
$149.6M
$381.8M
Q1 24
$122.1M
$258.7M

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
RYTM
RYTM
Operating Cash FlowLast quarter
$12.0M
$-25.4M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
25.50×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
RYTM
RYTM
Q4 25
$12.0M
$-25.4M
Q3 25
$3.2M
$-26.6M
Q2 25
$-4.5M
$-23.3M
Q1 25
$-3.5M
$-40.4M
Q4 24
$-14.2M
$-18.8M
Q3 24
$14.8M
$-25.2M
Q2 24
$27.6M
$-29.1M
Q1 24
$5.2M
$-40.7M
Free Cash Flow
INSG
INSG
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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.

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