vs
Side-by-side financial comparison of INSEEGO CORP. (INSG) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $36.5M, roughly 1.3× SmartRent, Inc.). INSEEGO CORP. runs the higher net margin — 1.0% vs -8.9%, a 9.9% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $7.7M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
INSG vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $36.5M |
| Net Profit | $469.0K | $-3.2M |
| Gross Margin | 42.2% | 38.6% |
| Operating Margin | 2.7% | -10.9% |
| Net Margin | 1.0% | -8.9% |
| Revenue YoY | 0.6% | 3.1% |
| Net Profit YoY | 182.9% | 71.6% |
| EPS (diluted) | $-0.02 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $45.9M | $36.2M | ||
| Q2 25 | $40.2M | $38.3M | ||
| Q1 25 | $31.7M | $41.3M | ||
| Q4 24 | $48.1M | $35.4M | ||
| Q3 24 | $54.0M | $40.5M | ||
| Q2 24 | $51.6M | $48.5M | ||
| Q1 24 | $37.5M | $50.5M |
| Q4 25 | $469.0K | $-3.2M | ||
| Q3 25 | $1.4M | $-6.3M | ||
| Q2 25 | $507.0K | $-10.9M | ||
| Q1 25 | $-1.6M | $-40.2M | ||
| Q4 24 | $-566.0K | $-11.4M | ||
| Q3 24 | $9.0M | $-9.9M | ||
| Q2 24 | $624.0K | $-4.6M | ||
| Q1 24 | $-4.5M | $-7.7M |
| Q4 25 | 42.2% | 38.6% | ||
| Q3 25 | 41.6% | 26.4% | ||
| Q2 25 | 41.1% | 33.1% | ||
| Q1 25 | 47.3% | 32.8% | ||
| Q4 24 | 37.3% | 28.7% | ||
| Q3 24 | 34.8% | 33.2% | ||
| Q2 24 | 36.4% | 35.7% | ||
| Q1 24 | 35.3% | 38.5% |
| Q4 25 | 2.7% | -10.9% | ||
| Q3 25 | 4.7% | -19.4% | ||
| Q2 25 | 3.2% | -30.5% | ||
| Q1 25 | -1.3% | -99.9% | ||
| Q4 24 | 3.7% | -36.6% | ||
| Q3 24 | 1.9% | -29.0% | ||
| Q2 24 | 3.6% | -14.3% | ||
| Q1 24 | -7.9% | -20.1% |
| Q4 25 | 1.0% | -8.9% | ||
| Q3 25 | 3.1% | -17.3% | ||
| Q2 25 | 1.3% | -28.3% | ||
| Q1 25 | -5.0% | -97.2% | ||
| Q4 24 | -1.2% | -32.3% | ||
| Q3 24 | 16.6% | -24.5% | ||
| Q2 24 | 1.2% | -9.5% | ||
| Q1 24 | -11.9% | -15.2% |
| Q4 25 | $-0.02 | $-0.02 | ||
| Q3 25 | $0.03 | $-0.03 | ||
| Q2 25 | $-0.03 | $-0.06 | ||
| Q1 25 | $-0.16 | $-0.21 | ||
| Q4 24 | $0.62 | $-0.06 | ||
| Q3 24 | $-0.06 | $-0.05 | ||
| Q2 24 | $-0.02 | $-0.02 | ||
| Q1 24 | $-0.44 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.0M | $232.1M |
| Total Assets | $93.8M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $104.5M | ||
| Q3 25 | $14.6M | $100.0M | ||
| Q2 25 | $13.2M | $105.0M | ||
| Q1 25 | $35.1M | $125.6M | ||
| Q4 24 | $39.6M | $142.5M | ||
| Q3 24 | $12.0M | $163.4M | ||
| Q2 24 | $49.0M | $187.4M | ||
| Q1 24 | $12.3M | $204.7M |
| Q4 25 | $-4.0M | $232.1M | ||
| Q3 25 | $-7.7M | $234.4M | ||
| Q2 25 | $-10.5M | $238.8M | ||
| Q1 25 | $-13.0M | $250.7M | ||
| Q4 24 | $-12.9M | $289.4M | ||
| Q3 24 | $-85.1M | $305.1M | ||
| Q2 24 | $-101.8M | $329.4M | ||
| Q1 24 | $-105.6M | $333.1M |
| Q4 25 | $93.8M | $320.9M | ||
| Q3 25 | $85.8M | $335.8M | ||
| Q2 25 | $83.1M | $354.0M | ||
| Q1 25 | $93.0M | $366.1M | ||
| Q4 24 | $100.0M | $420.2M | ||
| Q3 24 | $113.4M | $448.6M | ||
| Q2 24 | $149.6M | $475.3M | ||
| Q1 24 | $122.1M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $11.6M | $7.7M |
| FCF MarginFCF / Revenue | 24.0% | 21.0% |
| Capex IntensityCapex / Revenue | 0.7% | 0.0% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $7.7M | ||
| Q3 25 | $3.2M | $-2.1M | ||
| Q2 25 | $-4.5M | $-14.9M | ||
| Q1 25 | $-3.5M | $-12.2M | ||
| Q4 24 | $-14.2M | $-12.0M | ||
| Q3 24 | $14.8M | $-3.7M | ||
| Q2 24 | $27.6M | $-13.9M | ||
| Q1 24 | $5.2M | $-3.3M |
| Q4 25 | $11.6M | $7.7M | ||
| Q3 25 | $3.1M | $-2.2M | ||
| Q2 25 | $-4.7M | $-16.2M | ||
| Q1 25 | $-3.5M | $-14.3M | ||
| Q4 24 | $-14.3M | $-13.3M | ||
| Q3 24 | $14.8M | $-3.9M | ||
| Q2 24 | $27.6M | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | 24.0% | 21.0% | ||
| Q3 25 | 6.7% | -6.1% | ||
| Q2 25 | -11.6% | -42.3% | ||
| Q1 25 | -11.0% | -34.7% | ||
| Q4 24 | -29.7% | -37.5% | ||
| Q3 24 | 27.4% | -9.7% | ||
| Q2 24 | 53.5% | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 0.7% | 0.0% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | 0.5% | 3.3% | ||
| Q1 25 | 0.1% | 5.3% | ||
| Q4 24 | 0.1% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.5% | ||
| 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× | — | ||
| 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.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
