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. In the quarter to June 2026, revenue grew 9.35%, EPS fell 1,633.3%, free cash flow fell 283.3% and total debt rose 20.5%, each against the same quarter a year earlier.
Follow INSG
Inseego (INSG) Piotroski F-score
Inseego's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (4.00) |
| FY2024 | 8 | 5.00 |
| FY2023 | 3 | 1.00 |
| FY2022 | 2 | (2.00) |
| FY2021 | 4 | (1.00) |
| FY2020 | 5 | 3.00 |
| FY2019 | 2 | (2.00) |
| FY2018 | 4 | 0.00 |
| FY2017 | 4 | 0.00 |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (2.82%) | 1.17% | Fail | 0 |
| Positive operating cash flow | 7.20m | 33.52m | Pass | 1 |
| Rising return on assets | (2.82%) | 1.17% | Fail | 0 |
| Cash flow above net income | 9.93m | 32.22m | Pass | 1 |
| Falling long-term leverage | 0.43 | 0.38 | Fail | 0 |
| Rising current ratio | 1.32 | 1.15 | Pass | 1 |
| No new shares issued | 15,129,000 | 12,536,000 | Fail | 0 |
| Rising gross margin | 42.72% | 35.97% | Pass | 1 |
| Rising asset turnover | 1.71 | 1.72 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BOSC B.O.S. Better Online Solutions compare | 8 |
| OCC Optical Cable Corporation compare | 6 |
| CMTL Comtech Telecommunications Corp. compare | 5 |
| WATT Energous Corporation compare | 5 |
| AIRG Airgain, Inc. compare | 5 |
| CRNT Ceragon Networks Ltd. compare | 4 |
| INSG Inseego | 4 |
| AMPG AmpliTech Group, Inc. compare | 2 |
| FKWL Franklin Wireless Corp. compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover