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

SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $48.4M, roughly 1.6× INSEEGO CORP.).

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.

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

INSG vs SNDL — Head-to-Head

Bigger by revenue
SNDL
SNDL
1.6× larger
SNDL
$77.5M
$48.4M
INSG

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
INSG
INSG
SNDL
SNDL
Revenue
$48.4M
$77.5M
Net Profit
$469.0K
Gross Margin
42.2%
25.3%
Operating Margin
2.7%
6.7%
Net Margin
1.0%
Revenue YoY
0.6%
Net Profit YoY
182.9%
EPS (diluted)
$-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.

Revenue
INSG
INSG
SNDL
SNDL
Q4 25
$48.4M
Q3 25
$45.9M
Q2 25
$40.2M
Q1 25
$31.7M
$77.5M
Q4 24
$48.1M
Q3 24
$54.0M
Q2 24
$51.6M
Q1 24
$37.5M
$116.1M
Net Profit
INSG
INSG
SNDL
SNDL
Q4 25
$469.0K
Q3 25
$1.4M
Q2 25
$507.0K
Q1 25
$-1.6M
Q4 24
$-566.0K
Q3 24
$9.0M
Q2 24
$624.0K
Q1 24
$-4.5M
Gross Margin
INSG
INSG
SNDL
SNDL
Q4 25
42.2%
Q3 25
41.6%
Q2 25
41.1%
Q1 25
47.3%
25.3%
Q4 24
37.3%
Q3 24
34.8%
Q2 24
36.4%
Q1 24
35.3%
24.8%
Operating Margin
INSG
INSG
SNDL
SNDL
Q4 25
2.7%
Q3 25
4.7%
Q2 25
3.2%
Q1 25
-1.3%
6.7%
Q4 24
3.7%
Q3 24
1.9%
Q2 24
3.6%
Q1 24
-7.9%
1.9%
Net Margin
INSG
INSG
SNDL
SNDL
Q4 25
1.0%
Q3 25
3.1%
Q2 25
1.3%
Q1 25
-5.0%
Q4 24
-1.2%
Q3 24
16.6%
Q2 24
1.2%
Q1 24
-11.9%
EPS (diluted)
INSG
INSG
SNDL
SNDL
Q4 25
$-0.02
Q3 25
$0.03
Q2 25
$-0.03
Q1 25
$-0.16
Q4 24
$0.62
Q3 24
$-0.06
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
SNDL
SNDL
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
Total Assets
$93.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
SNDL
SNDL
Q4 25
$24.9M
Q3 25
$14.6M
Q2 25
$13.2M
Q1 25
$35.1M
Q4 24
$39.6M
Q3 24
$12.0M
Q2 24
$49.0M
Q1 24
$12.3M
Stockholders' Equity
INSG
INSG
SNDL
SNDL
Q4 25
$-4.0M
Q3 25
$-7.7M
Q2 25
$-10.5M
Q1 25
$-13.0M
Q4 24
$-12.9M
Q3 24
$-85.1M
Q2 24
$-101.8M
Q1 24
$-105.6M
Total Assets
INSG
INSG
SNDL
SNDL
Q4 25
$93.8M
Q3 25
$85.8M
Q2 25
$83.1M
Q1 25
$93.0M
Q4 24
$100.0M
Q3 24
$113.4M
Q2 24
$149.6M
Q1 24
$122.1M

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
SNDL
SNDL
Operating Cash FlowLast quarter
$12.0M
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
SNDL
SNDL
Q4 25
$12.0M
Q3 25
$3.2M
Q2 25
$-4.5M
Q1 25
$-3.5M
Q4 24
$-14.2M
Q3 24
$14.8M
Q2 24
$27.6M
Q1 24
$5.2M
Free Cash Flow
INSG
INSG
SNDL
SNDL
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
SNDL
SNDL
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
SNDL
SNDL
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
SNDL
SNDL
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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