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Side-by-side financial comparison of INSEEGO CORP. (INSG) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $37.2M, roughly 1.3× Waterstone Financial, Inc.). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs 0.6%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 7.1%).
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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
INSG vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $37.2M |
| Net Profit | $469.0K | — |
| Gross Margin | 42.2% | — |
| Operating Margin | 2.7% | 27.0% |
| Net Margin | 1.0% | — |
| Revenue YoY | 0.6% | 16.7% |
| Net Profit YoY | 182.9% | — |
| EPS (diluted) | $-0.02 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $45.9M | $37.0M | ||
| Q2 25 | $40.2M | $38.0M | ||
| Q1 25 | $31.7M | $29.7M | ||
| Q4 24 | $48.1M | $31.8M | ||
| Q3 24 | $54.0M | $34.1M | ||
| Q2 24 | $51.6M | $37.2M | ||
| Q1 24 | $37.5M | $32.4M |
| Q4 25 | $469.0K | — | ||
| Q3 25 | $1.4M | $7.9M | ||
| Q2 25 | $507.0K | $7.7M | ||
| Q1 25 | $-1.6M | $3.0M | ||
| Q4 24 | $-566.0K | — | ||
| Q3 24 | $9.0M | $4.7M | ||
| Q2 24 | $624.0K | $5.7M | ||
| Q1 24 | $-4.5M | $3.0M |
| 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% | 27.0% | ||
| Q3 25 | 4.7% | 26.6% | ||
| Q2 25 | 3.2% | 25.4% | ||
| Q1 25 | -1.3% | 13.1% | ||
| Q4 24 | 3.7% | 19.5% | ||
| Q3 24 | 1.9% | 17.3% | ||
| Q2 24 | 3.6% | 19.2% | ||
| Q1 24 | -7.9% | 14.7% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 3.1% | 21.4% | ||
| Q2 25 | 1.3% | 20.3% | ||
| Q1 25 | -5.0% | 10.2% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 16.6% | 13.9% | ||
| Q2 24 | 1.2% | 15.4% | ||
| Q1 24 | -11.9% | 9.4% |
| Q4 25 | $-0.02 | $0.43 | ||
| Q3 25 | $0.03 | $0.45 | ||
| Q2 25 | $-0.03 | $0.43 | ||
| Q1 25 | $-0.16 | $0.17 | ||
| Q4 24 | $0.62 | $0.28 | ||
| Q3 24 | $-0.06 | $0.26 | ||
| Q2 24 | $-0.02 | $0.31 | ||
| Q1 24 | $-0.44 | $0.16 |
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 | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $-4.0M | $349.4M |
| Total Assets | $93.8M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $-4.0M | $349.4M | ||
| Q3 25 | $-7.7M | $345.5M | ||
| Q2 25 | $-10.5M | $341.5M | ||
| Q1 25 | $-13.0M | $341.4M | ||
| Q4 24 | $-12.9M | $339.1M | ||
| Q3 24 | $-85.1M | $342.0M | ||
| Q2 24 | $-101.8M | $334.9M | ||
| Q1 24 | $-105.6M | $338.0M |
| Q4 25 | $93.8M | $2.3B | ||
| Q3 25 | $85.8M | $2.3B | ||
| Q2 25 | $83.1M | $2.3B | ||
| Q1 25 | $93.0M | $2.2B | ||
| Q4 24 | $100.0M | $2.2B | ||
| Q3 24 | $113.4M | $2.2B | ||
| Q2 24 | $149.6M | $2.3B | ||
| Q1 24 | $122.1M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $11.6M | $23.0M |
| FCF MarginFCF / Revenue | 24.0% | 61.9% |
| Capex IntensityCapex / Revenue | 0.7% | 3.1% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $24.2M | ||
| Q3 25 | $3.2M | $32.7M | ||
| Q2 25 | $-4.5M | $-38.4M | ||
| Q1 25 | $-3.5M | $26.7M | ||
| Q4 24 | $-14.2M | $48.1M | ||
| Q3 24 | $14.8M | $74.1M | ||
| Q2 24 | $27.6M | $-39.5M | ||
| Q1 24 | $5.2M | $-9.9M |
| Q4 25 | $11.6M | $23.0M | ||
| Q3 25 | $3.1M | $32.4M | ||
| Q2 25 | $-4.7M | $-38.5M | ||
| Q1 25 | $-3.5M | $26.5M | ||
| Q4 24 | $-14.3M | $47.0M | ||
| Q3 24 | $14.8M | $73.9M | ||
| Q2 24 | $27.6M | $-39.7M | ||
| Q1 24 | — | $-10.3M |
| Q4 25 | 24.0% | 61.9% | ||
| Q3 25 | 6.7% | 87.5% | ||
| Q2 25 | -11.6% | -101.2% | ||
| Q1 25 | -11.0% | 89.2% | ||
| Q4 24 | -29.7% | 147.5% | ||
| Q3 24 | 27.4% | 216.9% | ||
| Q2 24 | 53.5% | -106.7% | ||
| Q1 24 | — | -31.9% |
| Q4 25 | 0.7% | 3.1% | ||
| Q3 25 | 0.2% | 0.8% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.1% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 0.0% | 1.2% |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | 4.13× | ||
| Q2 25 | -8.81× | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | 15.67× | ||
| Q2 24 | 44.31× | -6.92× | ||
| Q1 24 | — | -3.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
