INSG INSEEGO CORP.

Overview and Growth

In fiscal 2025, INSEEGO CORP. recorded $166.19M of revenue, net income of $838.00K, and an operating cash inflow of $7.20M. The $166.19M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 13.1% from $191.24M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.18, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.10 in fiscal 2024, the current result was 280.0% lower. Revenue equaled 1.77x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $71.00M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 42.7% of revenue, showing how much of the top line remained after direct costs. Operating income was $4.32M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 2.6%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $838.00K for the fiscal year. Measured against reported revenue, net income produced a 0.5% margin after operating costs and the remaining recognized items. Pretax income was $1.28M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 0.8% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $44.00K of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 3.4%, without assuming a statutory-rate comparison. Return on period-end assets was 0.9%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $93.81M asset base was financed through $97.85M of liabilities and -$4.04M of equity. With total equity at -$4.04M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. Current assets were $64.09M against $48.44M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.32x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $24.89M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 51.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Relative to total assets, liabilities measured 104.3%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 26.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $100.00M in fiscal 2024, the current asset base moved 6.2% and finished lower.

Cash Flow and Earnings Quality

The company reported $7.20M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 8.59x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $661.00K of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 9.2% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $6.53M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 3.9%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 7.0% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.