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Friday 6 November 2026
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Inseego
INSG Technology Communication Equipment
Inseego’s revenue for fiscal 2025 (year ended December 2025) was $166.2 million, down 13.1% from fiscal 2024.
- Revenue
- −27.5%
- EPS
- −1,733.3%
- Free cash flow
- −277.5%
- Total debt
- +20.4%
Quarter to September 2026, against a year earlier
4.01
0.08
+2.04%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 244 | 219 | 202 | 219 | 314 | 262 | 245 | 167 | 191 | 166 | 160 | (4.2%) | 155 | 170 | — | +1.2% | |
| Gross margin, % | 31.34 | 30.70 | 34.87 | 29.14 | 28.95 | 28.93 | 27.27 | 21.39 | 35.97 | 42.72 | 39.34 | +11.4 pt | ||||||
| EBT | (60) | (46) | (7) | (40) | (110) | (48) | (68) | (45) | (14) | 1 | (20) | n/m | ||||||
| EBT margin, % | (24.71) | (20.81) | (3.62) | (18.03) | (35.19) | (18.19) | (27.90) | (26.88) | (7.15) | 0.77 | (12.79) | +25.5 pt | ||||||
| Net income | (61) | (46) | (8) | (40) | (111) | (48) | (68) | (46) | 5 | 1 | (21) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 45.18 | 37.35 | 30.63 | 28.02 | 32.65 | 25.41 | 22.87 | 14.71 | 15.26 | 10.98 | 9.73 | (14.5%) | |||||
| Earnings | (11.20) | (7.80) | (1.20) | (5.20) | (11.90) | (5.10) | (6.60) | (4.32) | 0.10 | (0.18) | (0.38) | (36.8%) | ||||||
| Cash flow | (1.22) | (2.48) | (0.27) | (2.30) | 2.09 | (2.44) | (3.10) | 0.52 | 2.67 | 0.48 | 0.00 | n/m | ||||||
| Capex | (0.69) | (0.75) | (0.64) | (3.60) | (3.61) | 0.60 | (1.24) | (0.73) | (0.40) | (0.61) | (0.82) | (1.3%) | ||||||
| Free cash flow | (1.91) | (3.23) | (0.91) | (5.90) | (1.53) | (1.84) | (4.34) | (0.21) | 2.27 | (0.14) | (0.82) | (25.3%) | ||||||
| Book value | (3.29) | (7.77) | (5.53) | (4.77) | (2.90) | (2.41) | (6.54) | (8.98) | (1.03) | (0.27) | (2.22) | (24.3%) | ||||||
| Shares, m | 5 | 6 | 7 | 8 | 10 | 10 | 11 | 11 | 13 | 15 | 16 | +12.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102.60 | 0.00 | 0.00 | 10.3 | |||||
| P/S | 0.55 | 0.44 | 1.36 | 2.62 | 4.74 | 2.29 | 0.38 | 0.16 | 0.67 | 0.93 | 0.41 | 1.4 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | 0.90 | 0.95 | 1.89 | 3.24 | 5.14 | 2.72 | 1.04 | 1.12 | 0.72 | 1.07 | 0.72 | 1.9 | ||||||
| EV/FCF | (21.26) | (10.95) | (43.31) | (14.50) | (92.20) | (32.65) | (5.16) | (35.96) | 5.34 | (36.19) | (4.93) | (28.7) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (7) | (15) | (2) | (18) | 20 | (25) | (33) | 6 | 34 | 7 | (7) | n/m | |||||
| Capex | (4) | (4) | (4) | (28) | (35) | 6 | (13) | (8) | (5) | (9) | (13) | +10.7% | ||||||
| Free cash flow | (10) | (19) | (6) | (46) | (15) | (19) | (47) | (2) | 28 | (2) | (13) | (16.3%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 6 | 6 | 31 | 20 | 38 | 53 | 21 | 2 | 9 | 16 | (5) | +11.1% | |||||
| Net debt | 84 | 111 | 108 | 137 | 127 | 112 | 161 | 162 | 2 | 17 | 44 | (16.4%) | ||||||
| Shareholders’ equity | (18) | (46) | (37) | (37) | (28) | (25) | (70) | (102) | (13) | (4) | (37) | (15.1%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (33.89) | (28.86) | (5.03) | (25.02) | (58.71) | (23.63) | (37.63) | (34.91) | 1.17 | (2.82) | (7.13) | +31.1 pt | |||||
| ROIC | (42.28) | (21.35) | 12.18 | (12.25) | (15.89) | (33.45) | (39.88) | (37.78) | 0.00 | 21.27 | (149.29) | +63.6 pt | ||||||
| ROE | (951.21) | 144.41 | 19.62 | 109.59 | 349.75 | 198.54 | 148.90 | 57.11 | (2.27) | 32.37 | 29.04 | +983.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,173 | 927 | 819 | 938 | 1,015 | 507 | 411 | 345 | 218 | 275 | — | (14.9%) | |||||
| Revenue/emp, $m | 0.21 | 0.24 | 0.25 | 0.23 | 0.31 | 0.52 | 0.60 | 0.48 | 0.88 | 0.60 | — | +12.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Inseego vs peers in Communication Equipment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CRNT Ceragon Networks Ltd. | $191.8M | — (loss-making) | 68.7× | +14.16% (above 0%: growing) | n/m | −65.76% (below 0%: shrinking) | 31.65% | 0.25% | Compare |
| AUDC AudioCodes Ltd. | $186.7M | 29.2× | 39.8× | +3.08% (above 0%: growing) | +100.00% (above 0%: growing) | −15.07% (below 0%: shrinking) | 65.70% | 5.08% | Compare |
| SILC Silicom Ltd | $151.7M | — (loss-making) | — (loss-making) | +71.13% (above 0%: growing) | n/m | −29.51% (below 0%: shrinking) | 30.02% | (3.17%) | Compare |
| OCC Optical Cable Corporation | $79.2M | 30.5× | — (loss-making) | +21.99% (above 0%: growing) | +425.00% (above 0%: growing) | +156.41% (above 0%: growing) | 37.43% | 8.69% | Compare |
| INSG Inseego | $67.6M | — (loss-making) | — (loss-making) | −27.52% (below 0%: shrinking) | n/m | −277.46% (below 0%: shrinking) | 33.33% | (21.56%) | |
| AMPG AmpliTech Group, Inc. | $66.3M | — (loss-making) | — (loss-making) | −26.81% (below 0%: shrinking) | n/m | −3.69% (below 0%: shrinking) | 27.93% | (39.60%) | Compare |
| AIRG Airgain, Inc. | $52.3M | — (loss-making) | — (loss-making) | +0.55% (above 0%: growing) | n/m | −1,715.93% (below 0%: shrinking) | 42.26% | (12.30%) | Compare |
| WATT Energous Corporation | $38.8M | — (loss-making) | — (loss-making) | +216.82% (above 0%: growing) | n/m | −90.60% (below 0%: shrinking) | 3.04% | (103.37%) | Compare |
| CMTL Comtech Telecommunications Corp. | $35.6M | — (loss-making) | — (loss-making) | −49.20% (below 0%: shrinking) | n/m | +72.38% (above 0%: growing) | (17.94%) | (16.71%) | Compare |
| Median of peers | $72.8M | — | — | +8.62% | — | −22.29% | 30.84% | (7.73%) |
Pay and ownership Proxy statement filed 23 April 2026
Ownership
Directors and executive officers, together
21.70%
Brian Miller
19.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement