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Side-by-side financial comparison of INSEEGO CORP. (INSG) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $48.4M, roughly 1.1× INSEEGO CORP.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 1.0%, a 66.4% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 0.6%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $11.6M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
INSG vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $51.6M |
| Net Profit | $469.0K | $34.8M |
| Gross Margin | 42.2% | — |
| Operating Margin | 2.7% | 97.0% |
| Net Margin | 1.0% | 67.3% |
| Revenue YoY | 0.6% | 32.8% |
| Net Profit YoY | 182.9% | 67.0% |
| EPS (diluted) | $-0.02 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $45.9M | $49.1M | ||
| Q2 25 | $40.2M | $47.6M | ||
| Q1 25 | $31.7M | $37.5M | ||
| Q4 24 | $48.1M | $38.9M | ||
| Q3 24 | $54.0M | $35.1M | ||
| Q2 24 | $51.6M | $32.4M | ||
| Q1 24 | $37.5M | $29.5M |
| Q4 25 | $469.0K | $34.8M | ||
| Q3 25 | $1.4M | $25.4M | ||
| Q2 25 | $507.0K | $26.0M | ||
| Q1 25 | $-1.6M | $18.9M | ||
| Q4 24 | $-566.0K | $20.8M | ||
| Q3 24 | $9.0M | $15.8M | ||
| Q2 24 | $624.0K | $14.8M | ||
| Q1 24 | $-4.5M | $17.3M |
| 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% | — |
| Q4 25 | 2.7% | 97.0% | ||
| Q3 25 | 4.7% | 72.1% | ||
| Q2 25 | 3.2% | 71.3% | ||
| Q1 25 | -1.3% | 71.7% | ||
| Q4 24 | 3.7% | 82.5% | ||
| Q3 24 | 1.9% | 60.6% | ||
| Q2 24 | 3.6% | 61.3% | ||
| Q1 24 | -7.9% | 78.8% |
| Q4 25 | 1.0% | 67.3% | ||
| Q3 25 | 3.1% | 51.7% | ||
| Q2 25 | 1.3% | 54.6% | ||
| Q1 25 | -5.0% | 50.4% | ||
| Q4 24 | -1.2% | 53.5% | ||
| Q3 24 | 16.6% | 45.1% | ||
| Q2 24 | 1.2% | 45.6% | ||
| Q1 24 | -11.9% | 58.5% |
| Q4 25 | $-0.02 | $0.90 | ||
| Q3 25 | $0.03 | $0.65 | ||
| Q2 25 | $-0.03 | $0.69 | ||
| Q1 25 | $-0.16 | $0.51 | ||
| Q4 24 | $0.62 | $0.56 | ||
| Q3 24 | $-0.06 | $0.44 | ||
| Q2 24 | $-0.02 | $0.42 | ||
| Q1 24 | $-0.44 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.0M | $672.5M |
| Total Assets | $93.8M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $92.1M | ||
| Q3 25 | $14.6M | $99.0M | ||
| Q2 25 | $13.2M | $79.6M | ||
| Q1 25 | $35.1M | $51.7M | ||
| Q4 24 | $39.6M | $49.9M | ||
| Q3 24 | $12.0M | $44.1M | ||
| Q2 24 | $49.0M | $47.4M | ||
| Q1 24 | $12.3M | $34.8M |
| Q4 25 | $-4.0M | $672.5M | ||
| Q3 25 | $-7.7M | $634.3M | ||
| Q2 25 | $-10.5M | $597.9M | ||
| Q1 25 | $-13.0M | $563.2M | ||
| Q4 24 | $-12.9M | $516.9M | ||
| Q3 24 | $-85.1M | $484.6M | ||
| Q2 24 | $-101.8M | $471.3M | ||
| Q1 24 | $-105.6M | $452.9M |
| Q4 25 | $93.8M | $7.4B | ||
| Q3 25 | $85.8M | $7.0B | ||
| Q2 25 | $83.1M | $6.5B | ||
| Q1 25 | $93.0M | $6.0B | ||
| Q4 24 | $100.0M | $5.5B | ||
| Q3 24 | $113.4M | $5.2B | ||
| Q2 24 | $149.6M | $4.9B | ||
| Q1 24 | $122.1M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $11.6M | $17.9M |
| FCF MarginFCF / Revenue | 24.0% | 34.6% |
| Capex IntensityCapex / Revenue | 0.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 25.50× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $18.2M | ||
| Q3 25 | $3.2M | $11.5M | ||
| Q2 25 | $-4.5M | $7.7M | ||
| Q1 25 | $-3.5M | $3.5M | ||
| Q4 24 | $-14.2M | $37.8M | ||
| Q3 24 | $14.8M | $-17.6M | ||
| Q2 24 | $27.6M | $11.5M | ||
| Q1 24 | $5.2M | $10.6M |
| Q4 25 | $11.6M | $17.9M | ||
| Q3 25 | $3.1M | $11.4M | ||
| Q2 25 | $-4.7M | $7.6M | ||
| Q1 25 | $-3.5M | $3.5M | ||
| Q4 24 | $-14.3M | $37.5M | ||
| Q3 24 | $14.8M | $-17.6M | ||
| Q2 24 | $27.6M | $11.4M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | 24.0% | 34.6% | ||
| Q3 25 | 6.7% | 23.2% | ||
| Q2 25 | -11.6% | 15.9% | ||
| Q1 25 | -11.0% | 9.2% | ||
| Q4 24 | -29.7% | 96.4% | ||
| Q3 24 | 27.4% | -50.3% | ||
| Q2 24 | 53.5% | 35.1% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 0.7% | 0.5% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 25.50× | 0.52× | ||
| Q3 25 | 2.22× | 0.45× | ||
| Q2 25 | -8.81× | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.65× | -1.11× | ||
| Q2 24 | 44.31× | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INSG
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
