INSG

MKT CAP:$244M

Inseego Corp.

Market Cap

$244M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$15.12+$5.01 (+49.55%)

Apr 22, 2026

Company Details

Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, gove...

CEO

Juho Sarvikas

IPO Date

Nov 21, 2000

Website

www.inseego.com

Key Metrics TTM

Revenue

$166M

-1.6% YoY

Net Income

$838.0K

EPS (Diluted)

-$0.18

Free Cash Flow

$7M

Revenue / Share

$10.95

Gross Margin

37.7%

Operating Margin

2.8%

Net Margin

0.5%

FCF Margin

3.9%

P/S

1.5x

P/E

291.5x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

Q4 2025

Feb 19, 2026

$48MEPS -$0.03

Q3 2025

Nov 6, 2025

$46M-15.1%EPS $0.03

Q2 2025

Aug 7, 2025

$40MEPS -$0.03

Q1 2025

May 8, 2025

$32M-15.5%EPS -$0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$66M	$19M	-$10M
Q4 21	$73M	$18M	-$10M
Q1 22	$61M	$15M	-$22M
Q2 22	$62M	$18M	-$10M
Q3 22	$69M	$18M	-$12M
Q4 22	$53M	$16M	-$11M
Q1 23	$51M	$18M	-$4M
Q2 23	$54M	$19M	-$3M
Q3 23	$41M	-$2M	-$19M
Q4 23	$36M	$9M	-$8M
Q1 24	$38M	$13M	-$3M
Q3 24	$54M	$19M	$1M
Q1 25	$32M	$15M	-$424.0K
Q2 25	$40M	$17M	$1M
Q3 25	$46M	$19M	$2M
Q4 25	$48M	$12M	$2M

Valuation

Quarter	P/S	P/E
Q3 21	0.8x	—
Q4 21	0.8x	—
Q1 22	0.9x	—
Q2 22	0.9x	—
Q3 22	0.9x	—
Q4 22	1.0x	—
Q1 23	1.0x	—
Q2 23	1.1x	—
Q3 23	1.2x	—
Q4 23	1.3x	—
Q1 24	1.5x	—
Q3 24	1.4x	—
Q1 25	1.5x	—
Q2 25	1.5x	70.8x
Q3 25	1.4x	26.2x
Q4 25	1.5x	291.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$3M	-$10M
Q4 21	-$10M	-$14M
Q1 22	-$638.0K	-$5M
Q2 22	-$17M	-$20M
Q3 22	-$7M	-$7M
Q4 22	-$9M	-$9M
Q1 23	$8M	$5M
Q2 23	$5M	$3M
Q3 23	$10M	$8M
Q4 23	-$15M	-$19M
Q1 24	$5M	$5M
Q3 24	$15M	$14M
Q1 25	-$3M	-$3M
Q2 25	-$4M	-$5M
Q3 25	$3M	$3M
Q4 25	$12M	$12M

Capital Expenditures

Quarter	CapEx
Q3 21	$7M
Q4 21	$4M
Q1 22	$4M
Q2 22	$3M
Q3 22	$144.0K
Q4 22	$278.0K
Q1 23	$3M
Q2 23	$2M
Q3 23	$2M
Q4 23	$4M
Q1 24	$577.0K
Q3 24	$1M
Q1 25	$32.0K
Q2 25	$188.0K
Q3 25	$101.0K
Q4 25	$340.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-17.9%	-11.4%
Q4 21	-19.2%	-11.7%
Q1 22	-28.7%	-12.2%
Q2 22	-5.8%	-5.7%
Q3 22	+4.5%	+6.4%
Q4 22	-27.4%	-22.5%
Q1 23	-17.3%	-34.6%
Q2 23	-13.4%	-20.9%
Q3 23	-40.2%	-25.4%
Q4 23	-32.1%	-31.9%
Q1 24	-26.2%	-25.6%
Q3 24	+0.9%	-6.7%
Q1 25	-23.4%	-46.9%
Q2 25	+12.0%	-10.8%
Q3 25	+22.4%	+8.1%
Q4 25	-10.4%	-11.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$3M	4.6%
Q4 21	$2M	3.0%
Q1 22	$11M	18.2%
Q2 22	$2M	3.7%
Q3 22	$2M	3.5%
Q4 22	$2M	3.7%
Q1 23	$2M	3.5%
Q2 23	$2M	3.7%
Q3 23	$2M	5.5%
Q4 23	$1M	3.9%
Q1 24	$688.0K	1.8%
Q3 24	$1M	2.2%
Q1 25	$2M	5.1%
Q2 25	$2M	4.1%
Q3 25	$2M	4.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$13M	$7M	$9M
Q4 21	$14M	$6M	$8M
Q1 22	$19M	$8M	$10M
Q2 22	$14M	$6M	$8M
Q3 22	$15M	$6M	$8M
Q4 22	$12M	$7M	$8M
Q1 23	$4M	$6M	$6M
Q2 23	$6M	$5M	$6M
Q3 23	$5M	$3M	$4M
Q4 23	$19M	$4M	$3M
Q1 24	$5M	$4M	$4M
Q3 24	$5M	$5M	$4M
Q1 25	$5M	$4M	$4M
Q2 25	$5M	$5M	$4M
Q3 25	$5M	$6M	$4M
Q4 25	$6M	$6M	$5M

Revenue Segments

Quarter	Enterprise SaaS Solutions	IoT And Mobile Solutions
Q1 22	$7M	$55M
Q2 22	$7M	$55M
Q3 22	$7M	$63M
Q4 22	$7M	$46M
Q1 23	$7M	$44M
Q2 23	$7M	$46M

Revenue by Geography

Quarter	Other Geographic Regions	South Africa	United States And Canada	Europe	Australia	North America	Europe Excluding United Kingdom
Q3 21	$7M	$2M	$57M	—	—	—	—
Q4 21	$8M	—	$65M	—	—	—	—
Q1 22	$3M	—	$53M	$6M	—	—	—
Q2 22	$1M	—	$53M	$8M	—	—	—
Q3 22	$746.0K	—	—	$7M	$8M	$54M	—
Q1 23	$4.0K	—	—	$6M	$2M	$43M	—
Q2 23	$79.0K	—	—	$6M	$1M	$46M	—
Q3 24	$94.0K	—	—	—	—	$51M	$3M
Q1 25	—	—	—	—	$53.0K	$32M	—
Q2 25	—	—	—	—	$74.0K	$40M	$19.0K
Q3 25	—	—	—	—	$61.0K	$46M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$42M	$0	$42M
Q2 22	$21M	$0	$21M
Q3 22	$18M	$0	$18M
Q4 22	$7M	$0	$7M
Q1 23	$9M	$0	$9M
Q2 23	$15M	$0	$15M
Q3 23	$19M	$0	$19M
Q4 23	$2M	$0	$2M
Q1 24	$12M	$0	$12M
Q2 24	$49M	$0	$49M
Q3 24	$12M	$0	$12M
Q4 24	$40M	$0	$40M
Q1 25	$35M	$0	$35M
Q2 25	$13M	$0	$13M
Q3 25	$15M	$0	$15M
Q4 25	$25M	$0	$25M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	10M	+0.5%	+7.2%
Q4 21	11M	+1.7%	+7.3%
Q1 22	11M	+0.4%	+6.7%
Q2 22	11M	+1.8%	+4.4%
Q3 22	11M	+0.3%	+4.2%
Q4 22	11M	+0.3%	+2.8%
Q1 23	11M	+0.4%	+2.8%
Q2 23	11M	+2.3%	+3.3%
Q3 23	12M	+5.3%	+8.5%
Q4 23	12M	+1.0%	+9.2%
Q1 24	12M	+0.6%	+9.4%
Q3 24	13M	+11.3%	+19.0%
Q1 25	15M	+13.5%	+28.3%
Q2 25	15M	+0.1%	+27.2%
Q3 25	16M	+3.3%	+30.7%
Q4 25	15M	-2.2%	+14.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$65.2K	1K
Q4 21	$143.8K	507
Q1 22	$121.1K	507
Q2 22	$122.0K	507
Q3 22	$136.4K	507
Q4 22	$128.7K	411
Q1 23	$123.6K	411
Q2 23	$130.3K	411
Q3 23	$100.6K	411
Q4 23	$104.1K	345
Q1 24	$108.7K	345
Q3 24	$156.6K	345
Q1 25	$145.3K	218
Q2 25	$184.5K	218
Q3 25	$210.5K	218
Q4 25	$176.0K	275

Revenue / Employee