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Side-by-side financial comparison of INSEEGO CORP. (INSG) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $26.9M, roughly 1.8× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 1.0%, a 38.3% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 0.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $11.6M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
INSG vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $26.9M |
| Net Profit | $469.0K | $10.6M |
| Gross Margin | 42.2% | — |
| Operating Margin | 2.7% | 50.0% |
| Net Margin | 1.0% | 39.2% |
| Revenue YoY | 0.6% | 16.6% |
| Net Profit YoY | 182.9% | 34.8% |
| EPS (diluted) | $-0.02 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $48.4M | $24.2M | ||
| Q3 25 | $45.9M | $25.0M | ||
| Q2 25 | $40.2M | $23.8M | ||
| Q1 25 | $31.7M | $23.1M | ||
| Q4 24 | $48.1M | $20.9M | ||
| Q3 24 | $54.0M | $20.3M | ||
| Q2 24 | $51.6M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $469.0K | $7.4M | ||
| Q3 25 | $1.4M | $9.3M | ||
| Q2 25 | $507.0K | $8.0M | ||
| Q1 25 | $-1.6M | $7.8M | ||
| Q4 24 | $-566.0K | $7.1M | ||
| Q3 24 | $9.0M | $6.0M | ||
| Q2 24 | $624.0K | $5.2M |
| 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% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | 2.7% | 39.6% | ||
| Q3 25 | 4.7% | 45.8% | ||
| Q2 25 | 3.2% | 43.4% | ||
| Q1 25 | -1.3% | 43.4% | ||
| Q4 24 | 3.7% | 30.9% | ||
| Q3 24 | 1.9% | 36.6% | ||
| Q2 24 | 3.6% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 1.0% | 30.7% | ||
| Q3 25 | 3.1% | 37.3% | ||
| Q2 25 | 1.3% | 33.5% | ||
| Q1 25 | -5.0% | 34.0% | ||
| Q4 24 | -1.2% | 34.0% | ||
| Q3 24 | 16.6% | 29.3% | ||
| Q2 24 | 1.2% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.02 | $0.44 | ||
| Q3 25 | $0.03 | $0.55 | ||
| Q2 25 | $-0.03 | $0.47 | ||
| Q1 25 | $-0.16 | $0.46 | ||
| Q4 24 | $0.62 | $0.41 | ||
| Q3 24 | $-0.06 | $0.35 | ||
| Q2 24 | $-0.02 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-4.0M | $270.7M |
| Total Assets | $93.8M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $24.9M | $471.1M | ||
| Q3 25 | $14.6M | $232.9M | ||
| Q2 25 | $13.2M | $345.2M | ||
| Q1 25 | $35.1M | — | ||
| Q4 24 | $39.6M | $243.5M | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $49.0M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $-4.0M | $266.0M | ||
| Q3 25 | $-7.7M | $255.1M | ||
| Q2 25 | $-10.5M | $240.9M | ||
| Q1 25 | $-13.0M | $237.9M | ||
| Q4 24 | $-12.9M | $227.9M | ||
| Q3 24 | $-85.1M | $235.4M | ||
| Q2 24 | $-101.8M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $93.8M | $4.1B | ||
| Q3 25 | $85.8M | $4.0B | ||
| Q2 25 | $83.1M | $4.1B | ||
| Q1 25 | $93.0M | $4.0B | ||
| Q4 24 | $100.0M | $4.0B | ||
| Q3 24 | $113.4M | $4.0B | ||
| Q2 24 | $149.6M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $11.6M | $12.4M |
| FCF MarginFCF / Revenue | 24.0% | 46.0% |
| Capex IntensityCapex / Revenue | 0.7% | 1.8% |
| Cash ConversionOCF / Net Profit | 25.50× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $12.0M | $46.5M | ||
| Q3 25 | $3.2M | $11.4M | ||
| Q2 25 | $-4.5M | $13.5M | ||
| Q1 25 | $-3.5M | $9.7M | ||
| Q4 24 | $-14.2M | $39.8M | ||
| Q3 24 | $14.8M | $12.9M | ||
| Q2 24 | $27.6M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $11.6M | $43.2M | ||
| Q3 25 | $3.1M | $10.8M | ||
| Q2 25 | $-4.7M | $12.8M | ||
| Q1 25 | $-3.5M | $8.3M | ||
| Q4 24 | $-14.3M | $13.7M | ||
| Q3 24 | $14.8M | $7.0M | ||
| Q2 24 | $27.6M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 24.0% | 178.3% | ||
| Q3 25 | 6.7% | 43.0% | ||
| Q2 25 | -11.6% | 53.6% | ||
| Q1 25 | -11.0% | 35.7% | ||
| Q4 24 | -29.7% | 65.6% | ||
| Q3 24 | 27.4% | 34.2% | ||
| Q2 24 | 53.5% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.7% | 13.7% | ||
| Q3 25 | 0.2% | 2.6% | ||
| Q2 25 | 0.5% | 3.2% | ||
| Q1 25 | 0.1% | 6.5% | ||
| Q4 24 | 0.1% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | 25.50× | 6.26× | ||
| Q3 25 | 2.22× | 1.23× | ||
| Q2 25 | -8.81× | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | 1.65× | 2.17× | ||
| Q2 24 | 44.31× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
