INSEEGO CORP.
Business
Inseego designs and develops cloud-managed 5G wireless wide area network and intelligent edge solutions for enterprise and small-to-medium business customers. The company offers mobile broadband hotspots under the MiFi brand, fixed wireless access routers and gateways under the Wavemaker brand, and cloud management platforms for device and subscriber lifecycle management. Products are sold through mobile operators including Verizon, T-Mobile, and AT&T, as well as through distribution and channel partners serving enterprise, SMB, and government customers globally.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 166 | 191 | 167 | 245 | 262 | |
| Total cost of revenues | 95 | 122 | 132 | 178 | — | |
| Gross profit | 71 | 69 | 36 | 67 | 76 | |
| Research and development | 20 | 21 | 20 | 38 | 53 | |
| Sales and marketing | 17 | 16 | 17 | 33 | 38 | |
| General and administrative | 21 | 17 | 16 | 26 | 28 | |
| Depreciation and amortization | 8 | 12 | 18 | 24 | — | |
| Impairment of capitalized software | 384,000 | 927,000 | 1 | 3 | 1 | |
| Total operating costs and expenses | 67 | 67 | 72 | 125 | 122 | |
| Operating income | 4 | 2 | −36 | −58 | −47 | |
| Loss on debt restructurings, net | 0 | −3 | 0 | — | — | |
| Loss on extinguishment of revolving credit facility | 0 | −800,000 | 0 | — | — | |
| Interest expense | −4 | −11 | −9 | −9 | −7 | |
| Other income (expense), net | 737,000 | −850,000 | 70,000 | −2 | 845,000 | |
| Income (loss) before income taxes | 1 | −14 | −45 | −68 | −48 | |
| Income tax provision | 44,000 | 689,000 | 43,000 | −465,000 | 191,000 | |
| Income (loss) from continuing operations | 1 | −14 | −45 | — | — | |
| Income (Loss) from discontinued operations (net of income tax provision of $400 and $1,956, respectively) | −400,000 | 19 | −1 | — | — | |
| Net income | 838,000 | 5 | −46 | −68 | −48 | |
| Preferred stock dividends | −4 | −3 | −3 | −3 | −4 | |
| Net income (loss) attributable to common stockholders | −3 | 1 | −49 | −71 | −52 | |
| Continuing operations (in dollars per share) | −0.15 | −1.41 | −4.22 | — | — | |
| Discontinued operations (in dollars per share) | −0.03 | 1.51 | −0.1 | — | — | |
| Basic earnings (loss) per share (in dollars per share) | −0.18 | 0.1 | −4.32 | −6.59 | −0.51 | |
| Continuing operations (in dollars per share) | −0.15 | −1.41 | −4.22 | — | — | |
| Discontinued operations (in dollars per share) | −0.03 | 1.51 | −0.1 | — | — | |
| Diluted earnings (loss) per share (in dollars per share) | −0.18 | 0.1 | −4.32 | −6.59 | −0.51 | |
| Basic (in shares) | 15 | 13 | 11 | 11 | 103 | |
| Diluted (in shares) | 15 | 13 | 11 | 11 | 103 | |
| Foreign currency translation adjustment | 185,000 | −581,000 | 1 | — | — | |
| Release of cumulative foreign currency translation adjustments as a result of the sale of Telematics Business | 0 | 6 | 0 | — | — | |
| Comprehensive income (loss) | 1 | 10 | −45 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 25 | 40 | 2 | 7 | 46 | |
| Accounts receivable, net of allowance for expected credit losses of $159 and $123, respectively | 25 | 14 | 18 | 25 | 27 | |
| Inventories | 8 | 14 | 21 | 38 | 37 | |
| Prepaid expenses and other | 6 | 6 | 5 | 8 | 14 | |
| Total current assets | 64 | 73 | 58 | 78 | 128 | |
| Property, plant and equipment, net of accumulated depreciation of $26,063 and $28,897, respectively | 1 | 1 | 2 | 5 | 8 | |
| Intangible assets, net of accumulated amortization of $32,336 and $33,558, respectively | 21 | 19 | 26 | 41 | 47 | |
| Goodwill | 4 | 4 | 4 | 22 | 20 | |
| Operating lease right-of-use assets | 3 | 3 | 4 | 7 | 8 | |
| Other assets | 557,000 | 446,000 | 1 | 1 | 377,000 | |
| Total assets | 94 | 100 | 122 | 160 | 216 | |
| Accounts payable | 24 | 18 | 23 | 29 | 49 | |
| Accrued expenses and other current liabilities | 25 | 30 | 21 | 28 | 26 | |
| 2025 Convertible Notes, net | 0 | 15 | 0 | — | — | |
| Total current liabilities | 48 | 63 | 56 | 57 | 75 | |
| Operating lease liabilities | 3 | 3 | 4 | 6 | — | |
| Deferred tax liabilities, net | 186,000 | 174,000 | 112,000 | 323,000 | 852,000 | |
| 2029 Senior Secured Notes, net | 42 | 42 | 0 | — | — | |
| Other long-term liabilities | 5 | 5 | 2 | 600,000 | 7 | |
| Total liabilities | 98 | 113 | 224 | 230 | 241 | |
| Commitments and Contingencies (Note 11.) | — | — | — | — | — | |
| Series E Preferred stock, par value $0.001; 39,500 shares designated, 25,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024, aggregate liquidation preference of $41,966 as of December 31, 2025 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.001; 150,000,000 shares authorized, 15,388,978 and 14,990,712 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 15,000 | 15,000 | 12,000 | 11,000 | 105,000 | |
| Additional paid-in capital | 904 | 893 | 810 | 794 | 771 | |
| Accumulated other comprehensive loss | 403,000 | 218,000 | −5 | −6 | −9 | |
| Accumulated deficit | −908 | −906 | −907 | −858 | −787 | |
| Total stockholders deficit | −4 | −13 | −102 | −70 | −25 | |
| Total liabilities and stockholders deficit | 94 | 100 | 122 | 160 | 216 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| (Income) loss from discontinued operations, net of tax | 400,000 | −19 | 1 | — | — | |
| Depreciation and amortization | 8 | 13 | 19 | 27 | 25 | |
| Provision for expected credit losses | 337,000 | 216,000 | 302,000 | 189,000 | 401,000 | |
| Gain on early lease termination | −443,000 | 0 | — | — | — | |
| Provision for excess and obsolete inventory | −2 | −54,000 | 9 | 3 | 657,000 | |
| Impairment of operating lease right-of-use assets | 0 | 138,000 | 469,000 | 0 | — | |
| Share-based compensation expense | 7 | 4 | 7 | 18 | 17 | |
| Amortization (accretion) of debt discount/premium and debt issuance costs, net | −175,000 | 4 | 2 | 3 | 1 | |
| Deferred income taxes | 12,000 | 62,000 | 9,000 | −570,000 | −53,000 | |
| Non-cash operating lease expense | 986,000 | 1 | 1 | — | — | |
| Other | 35,000 | 0 | — | 0 | 286,000 | |
| Accounts receivable | −12 | 5 | 3 | 2 | −1 | |
| Inventories | 7 | 7 | 4 | −3 | −12 | |
| Prepaid expenses and other assets | −1 | −71,000 | 2 | 6 | −2 | |
| Accounts payable | 4 | −7 | −802,000 | −26 | −3 | |
| Accrued expenses other liabilities | −6 | 11 | 235,000 | 3 | 4 | |
| Operating lease liabilities | −1 | −1 | −1 | −2 | −1 | |
| Operating cash flows from continuing operations | 8 | 27 | 4 | — | — | |
| Operating cash flows from discontinued operations | −908,000 | 7 | 2 | — | — | |
| Net cash provided by operating activities | 7 | 34 | 6 | −33 | −25 | |
| Purchases of property, plant and equipment | −661,000 | −100,000 | −224,000 | −1 | −5 | |
| Additions to capitalized software development costs and purchases of intangible assets | −9 | −5 | −8 | −12 | −24 | |
| Investing cash flows from continuing operations | −9 | −5 | −8 | — | — | |
| Investing cash flows from discontinued operations | 710,000 | 48 | −2 | — | — | |
| Net cash provided by (used in) investing activities | −9 | 43 | −10 | −13 | 6 | |
| Proceeds from the exercise of warrants to purchase common stock | 1 | 0 | — | 0 | 0 | |
| Proceeds from stock option exercises and ESPP | 542,000 | 20,000 | — | — | — | |
| Repayments of 2025 Convertible Notes | −15 | −34 | 0 | — | — | |
| Proceeds from issuance of short-term loan and warrants, net of issuance costs | 0 | 19 | 0 | — | — | |
| Repayments on short-term loan | 0 | −20 | 0 | — | — | |
| Net repayments on asset-backed revolving credit facility | 0 | −5 | −4 | — | — | |
| Financing cash flows from continuing operations | −13 | −39 | 2 | — | — | |
| Financing cash flows from discontinued operations | 0 | 0 | 0 | — | — | |
| Net cash used in financing activities | −13 | −39 | 2 | 5 | 30 | |
| Effect of exchange rates on cash | 93,000 | −582,000 | 1 | −1 | −990,000 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −15 | 37 | −832,000 | −43 | 10 | |
| Interest | 4 | 6 | 6 | 6 | 5 | |
| Income taxes | 1 | 196,000 | 142,000 | 168,000 | 523,000 | |
| Right-of-use assets obtained in exchange for operating leases liabilities | 2 | 0 | 1 | 705,000 | 658,000 | |
| Capital expenditures financed through accounts payable or accrued liabilities | 2 | 235,000 | 98,000 | 2 | 748,000 | |
| 2029 Senior Secured Notes issued in exchange for 2025 Convertible Notes | 0 | 43 | 0 | — | — | |
| Common stock issued in exchange for 2025 Convertible Notes | 0 | 45 | 0 | — | — | |
| Warrants issued in exchange for 2025 Convertible Notes | 0 | 28 | 0 | — | — | |
| Purchase price receivable for Telematics divestiture within prepaid and other current assets | 0 | 710,000 | 0 | — | — | |
| Accrued taxes related to Telematics divestiture | 0 | 900,000 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INSEEGO CORP.'s CIK number?
INSEEGO CORP.'s SEC CIK number is 0001022652 (1022652). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INSEEGO CORP.'s SEC filings?
All of INSEEGO CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INSEEGO CORP. last report earnings?
INSEEGO CORP. (INSG) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001683168-26-003563). This is INSEEGO CORP.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is INSEEGO CORP.'s most recent earnings 8-K?
INSEEGO CORP.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001683168-26-003563. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View INSEEGO CORP.'s latest earnings 8-K →
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