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

Third Coast Bancshares, Inc. is the larger business by last-quarter revenue ($57.7M vs $48.4M, roughly 1.2× INSEEGO CORP.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs 1.0%, a 27.4% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% 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.

Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.

INSG vs TCBX — Head-to-Head

Bigger by revenue
TCBX
TCBX
1.2× larger
TCBX
$57.7M
$48.4M
INSG
Higher net margin
TCBX
TCBX
27.4% more per $
TCBX
28.4%
1.0%
INSG
Faster 2-yr revenue CAGR
TCBX
TCBX
Annualised
TCBX
17.5%
13.6%
INSG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
INSG
INSG
TCBX
TCBX
Revenue
$48.4M
$57.7M
Net Profit
$469.0K
$16.4M
Gross Margin
42.2%
Operating Margin
2.7%
Net Margin
1.0%
28.4%
Revenue YoY
0.6%
Net Profit YoY
182.9%
20.5%
EPS (diluted)
$-0.02
$0.88

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
TCBX
TCBX
Q1 26
$57.7M
Q4 25
$48.4M
$56.5M
Q3 25
$45.9M
$54.5M
Q2 25
$40.2M
$52.0M
Q1 25
$31.7M
$45.9M
Q4 24
$48.1M
$46.3M
Q3 24
$54.0M
$42.9M
Q2 24
$51.6M
$41.7M
Net Profit
INSG
INSG
TCBX
TCBX
Q1 26
$16.4M
Q4 25
$469.0K
$17.9M
Q3 25
$1.4M
$18.1M
Q2 25
$507.0K
$16.7M
Q1 25
$-1.6M
$13.6M
Q4 24
$-566.0K
$13.7M
Q3 24
$9.0M
$12.8M
Q2 24
$624.0K
$10.8M
Gross Margin
INSG
INSG
TCBX
TCBX
Q1 26
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%
Operating Margin
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
2.7%
38.1%
Q3 25
4.7%
41.9%
Q2 25
3.2%
40.5%
Q1 25
-1.3%
37.8%
Q4 24
3.7%
38.7%
Q3 24
1.9%
37.9%
Q2 24
3.6%
34.1%
Net Margin
INSG
INSG
TCBX
TCBX
Q1 26
28.4%
Q4 25
1.0%
31.7%
Q3 25
3.1%
33.1%
Q2 25
1.3%
32.2%
Q1 25
-5.0%
29.6%
Q4 24
-1.2%
29.7%
Q3 24
16.6%
29.8%
Q2 24
1.2%
25.9%
EPS (diluted)
INSG
INSG
TCBX
TCBX
Q1 26
$0.88
Q4 25
$-0.02
$1.02
Q3 25
$0.03
$1.03
Q2 25
$-0.03
$0.96
Q1 25
$-0.16
$0.78
Q4 24
$0.62
$0.80
Q3 24
$-0.06
$0.74
Q2 24
$-0.02
$0.63

Balance Sheet & Financial Strength

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

Metric
INSG
INSG
TCBX
TCBX
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.0M
$650.5M
Total Assets
$93.8M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
$24.9M
$175.2M
Q3 25
$14.6M
$116.4M
Q2 25
$13.2M
$113.1M
Q1 25
$35.1M
$219.0M
Q4 24
$39.6M
$371.2M
Q3 24
$12.0M
$258.2M
Q2 24
$49.0M
$241.8M
Stockholders' Equity
INSG
INSG
TCBX
TCBX
Q1 26
$650.5M
Q4 25
$-4.0M
$531.0M
Q3 25
$-7.7M
$513.8M
Q2 25
$-10.5M
$496.1M
Q1 25
$-13.0M
$479.8M
Q4 24
$-12.9M
$460.7M
Q3 24
$-85.1M
$450.5M
Q2 24
$-101.8M
$435.0M
Total Assets
INSG
INSG
TCBX
TCBX
Q1 26
$6.6B
Q4 25
$93.8M
$5.3B
Q3 25
$85.8M
$5.1B
Q2 25
$83.1M
$4.9B
Q1 25
$93.0M
$4.9B
Q4 24
$100.0M
$4.9B
Q3 24
$113.4M
$4.6B
Q2 24
$149.6M
$4.5B

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
TCBX
TCBX
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
TCBX
TCBX
Q1 26
Q4 25
$12.0M
$50.8M
Q3 25
$3.2M
$20.7M
Q2 25
$-4.5M
$13.9M
Q1 25
$-3.5M
$10.5M
Q4 24
$-14.2M
$35.1M
Q3 24
$14.8M
$22.0M
Q2 24
$27.6M
$7.3M
Free Cash Flow
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
$11.6M
Q3 25
$3.1M
Q2 25
$-4.7M
Q1 25
$-3.5M
Q4 24
$-14.3M
$33.4M
Q3 24
$14.8M
Q2 24
$27.6M
FCF Margin
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
24.0%
Q3 25
6.7%
Q2 25
-11.6%
Q1 25
-11.0%
Q4 24
-29.7%
72.1%
Q3 24
27.4%
Q2 24
53.5%
Capex Intensity
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
0.7%
Q3 25
0.2%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
0.1%
3.8%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
INSG
INSG
TCBX
TCBX
Q1 26
Q4 25
25.50×
2.84×
Q3 25
2.22×
1.15×
Q2 25
-8.81×
0.83×
Q1 25
0.77×
Q4 24
2.56×
Q3 24
1.65×
1.72×
Q2 24
44.31×
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INSG
INSG

Segment breakdown not available.

TCBX
TCBX

Net Interest Income$53.6M93%
Noninterest Income$4.0M7%

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