Inseego Corp. (INSG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
9710 SCRANTON ROAD SAN DIEGO, CA 92121 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 39,596 | 7,519 | 7,143 | 46,474 | 40,000 | 12,100 | |||
| Cash and cash equivalent | 39,596 | 7,519 | 7,143 | 46,474 | 40,015 | 12,074 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (15) | 26 | |||||||
| Restricted cash and investments | 3,338 | ||||||||
| Receivables | 13,803 | 22,616 | 25,259 | 26,781 | 29,940 | 19,656 | |||
| Inventory, net of allowances, customer advances and progress billings | 13,575 | 22,880 | 37,976 | 37,402 | 33,952 | 25,290 | |||
| Inventory | 13,575 | 22,880 | 37,976 | 37,402 | 33,952 | 25,290 | |||
| Prepaid expense | 2,418 | 1,438 | 778 | 1,993 | |||||
| Intangible current assets | |||||||||
| Other undisclosed current assets | 3,508 | 3,773 | 7,200 | 11,631 | 10,216 | 7,091 | |||
| Total current assets: | 72,900 | 58,226 | 78,356 | 127,619 | 114,108 | 64,137 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,100 | 3,100 | 2,600 | ||||||
| Operating lease, right-of-use asset | 2,855 | 5,412 | 6,662 | 7,839 | 9,092 | 2,657 | |||
| Property, plant and equipment | 1,102 | 2,758 | 5,390 | 8,102 | 13,699 | 10,756 | |||
| Intangible assets, net (including goodwill) | 22,696 | 49,062 | 63,305 | 67,331 | 83,998 | 78,051 | |||
| Goodwill | 3,949 | 21,922 | 21,922 | 20,336 | 32,511 | 33,659 | |||
| Intangible assets, net (excluding goodwill) | 18,747 | 27,140 | 41,383 | 46,995 | 51,487 | 44,392 | |||
| Other noncurrent assets | 446 | 1,256 | 488 | 377 | 388 | 387 | |||
| Other undisclosed noncurrent assets | 5,083 | 1,716 | 1,475 | 3,509 | 5,385 | ||||
| Total noncurrent assets: | 27,099 | 63,571 | 80,661 | 88,224 | 113,286 | 97,236 | |||
| TOTAL ASSETS: | 99,999 | 121,797 | 159,017 | 215,843 | 227,394 | 161,373 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 48,566 | 51,817 | 56,963 | 74,830 | 75,712 | 44,343 | |||
| Accounts payable | 18,433 | 24,795 | 29,018 | 48,577 | 52,339 | 26,482 | |||
| Accrued liabilities | 30,133 | 27,022 | 27,945 | 26,253 | 23,373 | 17,861 | |||
| Debt | 14,905 | 4,094 | 187 | ||||||
| Total current liabilities: | 63,471 | 55,911 | 56,963 | 74,830 | 75,712 | 44,530 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 41,830 | 159,912 | 165,346 | 157,866 | 8,285 | 149,580 | |||
| Long-term debt, excluding current maturities | 41,830 | 159,912 | 165,346 | 157,866 | 147,872 | ||||
| Liabilities, other than long-term debt | 7,556 | 8,079 | 6,826 | 8,001 | 14,434 | 2,380 | |||
| Deferred income tax liabilities | 174 | 680 | 323 | 852 | 4,505 | ||||
| Other liabilities | 4,755 | 2,360 | 6,503 | 7,149 | 9,929 | 2,380 | |||
| Operating lease, liability | 2,627 | 5,039 | 8,285 | 1,708 | |||||
| Other undisclosed noncurrent liabilities | 156,862 | 2,241 | |||||||
| Total noncurrent liabilities: | 49,386 | 167,991 | 172,172 | 165,867 | 179,581 | 154,201 | |||
| Total liabilities: | 112,857 | 223,902 | 229,135 | 240,697 | 255,293 | 198,731 | |||
| Equity | |||||||||
| Equity, attributable to parent | (12,858) | (102,105) | (70,118) | (24,854) | (27,808) | (37,238) | |||
| Common stock | 15 | 12 | 108 | 105 | 99 | 82 | |||
| Additional paid in capital | 892,534 | 810,138 | 793,855 | 770,619 | 711,487 | 584,862 | |||
| Accumulated other comprehensive income (loss) | 218 | (5,327) | (6,329) | (8,531) | (6,972) | (3,879) | |||
| Accumulated deficit | (905,625) | (906,928) | (857,752) | (787,047) | (732,422) | (618,303) | |||
| Equity, attributable to noncontrolling interest | (91) | (120) | |||||||
| Total equity: | (12,858) | (102,105) | (70,118) | (24,854) | (27,899) | (37,358) | |||
| TOTAL LIABILITIES AND EQUITY: | 99,999 | 121,797 | 159,017 | 215,843 | 227,394 | 161,373 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 191,244 | 195,688 | 245,323 | 262,399 | 313,832 | 219,496 | ||
| Cost of revenue | (122,447) | (143,234) | (178,414) | (186,474) | (222,989) | (155,525) | ||
| Cost of product and service sold | (122,447) | (143,234) | (2,614) | (657) | (538) | (980) | ||
| Gross profit: | 68,797 | 52,454 | 66,909 | 75,925 | 90,843 | 63,971 | ||
| Operating expenses | (67,082) | (88,736) | (124,827) | (122,446) | (115,977) | (83,515) | ||
| Operating income (loss): | 1,715 | (36,282) | (57,918) | (46,521) | (25,134) | (19,544) | ||
| Nonoperating income (expense) | (850) | 54 | (1,460) | 845 | 292 | 51 | ||
| Loss, foreign currency transaction, before tax | (700) | (300) | ||||||
| Other nonoperating income (expense) | (850) | 54 | (1,460) | 845 | 992 | 351 | ||
| Interest and debt expense | (3,639) | (450) | (432) | (152,708) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 67,112 | (20,081) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (2,774) | (36,228) | (59,828) | (46,108) | (110,438) | (39,574) | ||
| Other undisclosed loss from continuing operations before income taxes | (10,906) | (9,072) | (8,606) | (1,612) | ||||
| Loss from continuing operations before income taxes: | (13,680) | (45,300) | (68,434) | (47,720) | (110,438) | (39,574) | ||
| Income tax expense (benefit) | (689) | (885) | 465 | (191) | (748) | (536) | ||
| Loss from continuing operations: | (14,369) | (46,185) | (67,969) | (47,911) | (111,186) | (40,110) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (47,911) | (111,186) | (40,110) | |
| Income from discontinued operations | 18,941 | |||||||
| Net income (loss): | 4,572 | (46,185) | (67,969) | (47,911) | (111,186) | (40,110) | ||
| Net loss attributable to noncontrolling interest | (214) | (29) | (15) | |||||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) attributable to parent: | 4,572 | (46,185) | (67,969) | (48,125) | (111,215) | (40,125) | ||
| Preferred stock dividends and other adjustments | (3,269) | (2,991) | (2,736) | (4,243) | (2,904) | (361) | ||
| Net income (loss) available to common stockholders, basic: | 1,303 | (49,176) | (70,705) | (52,368) | (114,119) | (40,486) | ||
| Dilutive securities, effect on basic earnings per share | ||||||||
| Net income (loss) available to common stockholders, diluted: | 1,303 | (49,176) | (70,705) | (52,368) | (114,119) | (40,486) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,572 | (46,185) | (67,969) | (47,911) | (111,186) | (40,110) | ||
| Other comprehensive loss | (3,093) | |||||||
| Other undisclosed comprehensive income (loss) | 2,202 | (1,559) | ||||||
| Comprehensive income (loss): | 4,572 | (46,185) | (65,767) | (49,470) | (114,279) | (40,110) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (214) | (29) | (15) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5,545 | 1,002 | 1,013 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,117 | (45,183) | (65,767) | (49,684) | (114,308) | (39,112) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.