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Side-by-side financial comparison of INSEEGO CORP. (INSG) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.

SHORE BANCSHARES INC is the larger business by last-quarter revenue ($59.1M vs $48.4M, roughly 1.2× INSEEGO CORP.). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs 0.6%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 11.3%).

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.

Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.

INSG vs SHBI — Head-to-Head

Bigger by revenue
SHBI
SHBI
1.2× larger
SHBI
$59.1M
$48.4M
INSG
Growing faster (revenue YoY)
SHBI
SHBI
+11.2% gap
SHBI
11.8%
0.6%
INSG
More free cash flow
SHBI
SHBI
$47.6M more FCF
SHBI
$59.2M
$11.6M
INSG
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
11.3%
SHBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSG
INSG
SHBI
SHBI
Revenue
$48.4M
$59.1M
Net Profit
$469.0K
Gross Margin
42.2%
Operating Margin
2.7%
35.2%
Net Margin
1.0%
Revenue YoY
0.6%
11.8%
Net Profit YoY
182.9%
EPS (diluted)
$-0.02
$0.48

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
SHBI
SHBI
Q4 25
$48.4M
$59.1M
Q3 25
$45.9M
$56.4M
Q2 25
$40.2M
$56.6M
Q1 25
$31.7M
$53.0M
Q4 24
$48.1M
$52.9M
Q3 24
$54.0M
$50.5M
Q2 24
$51.6M
$50.6M
Q1 24
$37.5M
$47.7M
Net Profit
INSG
INSG
SHBI
SHBI
Q4 25
$469.0K
Q3 25
$1.4M
$14.3M
Q2 25
$507.0K
$15.5M
Q1 25
$-1.6M
$13.8M
Q4 24
$-566.0K
Q3 24
$9.0M
$11.2M
Q2 24
$624.0K
$11.2M
Q1 24
$-4.5M
$8.2M
Gross Margin
INSG
INSG
SHBI
SHBI
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
SHBI
SHBI
Q4 25
2.7%
35.2%
Q3 25
4.7%
33.7%
Q2 25
3.2%
36.5%
Q1 25
-1.3%
34.4%
Q4 24
3.7%
34.3%
Q3 24
1.9%
29.6%
Q2 24
3.6%
29.7%
Q1 24
-7.9%
22.2%
Net Margin
INSG
INSG
SHBI
SHBI
Q4 25
1.0%
Q3 25
3.1%
25.5%
Q2 25
1.3%
27.4%
Q1 25
-5.0%
26.0%
Q4 24
-1.2%
Q3 24
16.6%
22.1%
Q2 24
1.2%
22.2%
Q1 24
-11.9%
17.2%
EPS (diluted)
INSG
INSG
SHBI
SHBI
Q4 25
$-0.02
$0.48
Q3 25
$0.03
$0.43
Q2 25
$-0.03
$0.46
Q1 25
$-0.16
$0.41
Q4 24
$0.62
$0.39
Q3 24
$-0.06
$0.34
Q2 24
$-0.02
$0.34
Q1 24
$-0.44
$0.25

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
SHBI
SHBI
Cash + ST InvestmentsLiquidity on hand
$24.9M
$355.6M
Total DebtLower is stronger
$89.1M
Stockholders' EquityBook value
$-4.0M
$589.9M
Total Assets
$93.8M
$6.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
SHBI
SHBI
Q4 25
$24.9M
$355.6M
Q3 25
$14.6M
$416.5M
Q2 25
$13.2M
$185.0M
Q1 25
$35.1M
$389.0M
Q4 24
$39.6M
$459.9M
Q3 24
$12.0M
$183.6M
Q2 24
$49.0M
$138.9M
Q1 24
$12.3M
$114.6M
Total Debt
INSG
INSG
SHBI
SHBI
Q4 25
$89.1M
Q3 25
$74.5M
Q2 25
$74.2M
Q1 25
$74.0M
Q4 24
$73.7M
Q3 24
$123.5M
Q2 24
$122.8M
Q1 24
$72.6M
Stockholders' Equity
INSG
INSG
SHBI
SHBI
Q4 25
$-4.0M
$589.9M
Q3 25
$-7.7M
$577.2M
Q2 25
$-10.5M
$565.2M
Q1 25
$-13.0M
$552.5M
Q4 24
$-12.9M
$541.1M
Q3 24
$-85.1M
$533.3M
Q2 24
$-101.8M
$522.8M
Q1 24
$-105.6M
$515.2M
Total Assets
INSG
INSG
SHBI
SHBI
Q4 25
$93.8M
$6.3B
Q3 25
$85.8M
$6.3B
Q2 25
$83.1M
$6.0B
Q1 25
$93.0M
$6.2B
Q4 24
$100.0M
$6.2B
Q3 24
$113.4M
$5.9B
Q2 24
$149.6M
$5.9B
Q1 24
$122.1M
$5.8B
Debt / Equity
INSG
INSG
SHBI
SHBI
Q4 25
0.15×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.14×

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
SHBI
SHBI
Operating Cash FlowLast quarter
$12.0M
$62.4M
Free Cash FlowOCF − Capex
$11.6M
$59.2M
FCF MarginFCF / Revenue
24.0%
100.2%
Capex IntensityCapex / Revenue
0.7%
5.4%
Cash ConversionOCF / Net Profit
25.50×
TTM Free Cash FlowTrailing 4 quarters
$6.5M
$110.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSG
INSG
SHBI
SHBI
Q4 25
$12.0M
$62.4M
Q3 25
$3.2M
$42.5M
Q2 25
$-4.5M
$-8.3M
Q1 25
$-3.5M
$19.8M
Q4 24
$-14.2M
$46.9M
Q3 24
$14.8M
$9.1M
Q2 24
$27.6M
$3.0M
Q1 24
$5.2M
$2.4M
Free Cash Flow
INSG
INSG
SHBI
SHBI
Q4 25
$11.6M
$59.2M
Q3 25
$3.1M
$41.9M
Q2 25
$-4.7M
$-9.2M
Q1 25
$-3.5M
$18.8M
Q4 24
$-14.3M
$41.7M
Q3 24
$14.8M
$8.4M
Q2 24
$27.6M
$1.4M
Q1 24
$614.0K
FCF Margin
INSG
INSG
SHBI
SHBI
Q4 25
24.0%
100.2%
Q3 25
6.7%
74.3%
Q2 25
-11.6%
-16.3%
Q1 25
-11.0%
35.4%
Q4 24
-29.7%
78.8%
Q3 24
27.4%
16.7%
Q2 24
53.5%
2.9%
Q1 24
1.3%
Capex Intensity
INSG
INSG
SHBI
SHBI
Q4 25
0.7%
5.4%
Q3 25
0.2%
1.0%
Q2 25
0.5%
1.6%
Q1 25
0.1%
1.9%
Q4 24
0.1%
9.9%
Q3 24
0.0%
1.2%
Q2 24
0.0%
3.1%
Q1 24
0.0%
3.7%
Cash Conversion
INSG
INSG
SHBI
SHBI
Q4 25
25.50×
Q3 25
2.22×
2.96×
Q2 25
-8.81×
-0.54×
Q1 25
1.44×
Q4 24
Q3 24
1.65×
0.81×
Q2 24
44.31×
0.27×
Q1 24
0.29×

Financial Flow Comparison

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

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