Filing Flows › Inseego (INSG) › Q1 2025
Inseego (INSG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Inseego (INSG) reported revenue of $31.7M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -34% from the quarter before. Operating margin was -1.3%, net loss $1.6M (5.0% of revenue).
Inseego, Q1 2025: revenue $31.7M (-16% year over year), operating margin -1.3%, net loss $1.6M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.7M | -34% | -16% |
| Operating profit | −$424K | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $31.7M in Q1 2025, down 16% year over year and down 34% from the previous quarter. Mobile solutions was the largest line at 56% of revenue. Fixed wireless access solutions lost $12.3M year over year (down 87%), 211% of the total change.
Gross margin was 47.3%, up 12.0 points from a year earlier. Operating costs exceeded revenue by $424K, an operating margin of -1.3%. Operating expenses fell 5% while revenue fell 16%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $1.6M, wider than the previous quarter's $566K loss. Net interest and other expense of $1.1M was the main reason.
Operating cash flow was −$3.5M. Non-cash charges added back $2.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $32K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Inseego's revenue in the first quarter 2025?
Inseego (INSG) reported revenue of $31.7M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -34% from the quarter before.
Was Inseego profitable in the first quarter 2025?
Operating loss was $424K (-1.3% of revenue) and net loss $1.6M.
Source: Inseego 10-Q on SEC EDGAR.