Filing Flows › Inseego (INSG) › Q3 2025
Inseego (INSG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Inseego (INSG) reported revenue of $45.9M for the third quarter 2025 (Q3 2025), -15% from a year earlier and +14% from the quarter before. Operating margin was 4.7%, net earnings $1.4M (3.1% of revenue).
Inseego, Q3 2025: revenue $45.9M (-15% year over year), operating margin 4.7%, net earnings $1.4M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.9M | +14% | -15% |
| Gross profit | $19.1M | +16% | +2% |
| Operating profit | $2.2M | +68% | +112% |
| Net earnings | $1.4M | +182% | -84% |
| Operating cash flow | $3.2M | — | -79% |
| Free cash flow | $3.1M | — | -79% |
What changed
Revenue was $45.9M in Q3 2025, down 15% year over year and up 14% from the previous quarter. Fixed wireless access solutions was the largest line at 38% of revenue. Mobile solutions lost $16.2M year over year (down 50%), 200% of the total change.
Gross margin was 41.6%, up 6.8 points from a year earlier. Operating profit was $2.2M, a 4.7% margin (up 2.8 points year over year). Operating expenses fell 5% while revenue fell 15%. The fastest-growing cost line was General & admin (+18%). Net earnings were $1.4M, down 84% year over year. The effective tax rate was -2.6%.
Operating cash flow was $3.2M (down 79% year over year), 222% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $101K left free cash flow of $3.1M.
Questions
What was Inseego's revenue in the third quarter 2025?
Inseego (INSG) reported revenue of $45.9M for the third quarter 2025 (Q3 2025), -15% from a year earlier and +14% from the quarter before.
Was Inseego profitable in the third quarter 2025?
Operating profit was $2.2M (4.7% of revenue) and net earnings $1.4M.
Source: Inseego 10-Q on SEC EDGAR.