Inseego Corp. (INSG) Balance Sheet
INSG balance sheet, 2025
December 31, 2025 · U.S. dollars$93.8M assets = $97.9M liabilities + −$4.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−$4.0M).
Both columns are drawn to the same scale: what INSG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
INSG financial health
Descriptive bands, not a rating. Fiscal 2025.
INSG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $158.7M2016 | $93.8M2025 | −5.7%/yr | |
| Total liabilities | $176.4M2016 | $97.9M2025 | −6.3%/yr | |
| Shareholders’ equity | −$17.8M2016 | −$4.0M2025 | — | |
| Cash & short-term investments | $9.9M2016 | $24.9M2025 | +10.8%/yr | |
| Total debt | $94.1M2016 | $48.4M2025 | −7.1%/yr | |
| Net cash (debt) | −$84.3M2016 | −$23.5M2025 | +$60.7M | |
| Working capital | $6.1M2016 | $15.6M2025 | +$9.6M | |
| Book value per share | −$3.292016 | −$0.272025 | — | |
| Current ratio | 1.102016 | 1.322025 | +0.23 | |
| Shares outstanding | 5.4M2016 | 15.1M2025 | +12.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
INSG assets
INSG liabilities and equity
INSG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
INSG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $24.9M | $39.6M | $7.5M | $7.1M | $46.5M | $40.0M | $12.1M | $31.0M | $21.2M | $9.9M |
| Cash & equivalents | $24.9M | $39.6M | $7.5M | $7.1M | $46.5M | $40.0M | $12.1M | $31.0M | $21.2M | $9.9M |
| Short-term investments | — | — | — | $829,000 | $323,000 | $218,000 | — | — | $61,000 | $0 |
| Receivables | $29.2M | $17.3M | $26.4M | $30.9M | $26.8M | $29.9M | $19.7M | $20.6M | $15.7M | $22.2M |
| Inventory | $7.7M | $13.6M | $22.9M | $38.0M | $37.4M | $34.0M | $25.3M | $26.4M | $20.4M | $31.1M |
| Other current assets | $2.3M | $2.4M | $1.4M | $2.4M | $17.0M | $10.2M | $7.1M | $6.3M | $9.2M | $5.2M |
| Total current assets | $64.1M | $72.9M | $58.2M | $78.4M | $127.6M | $114.1M | $64.1M | $84.4M | $66.4M | $68.4M |
| Property, plant & equipment (net) | $4.5M | $4.0M | $13.3M | $16.9M | $20.5M | $28.9M | $18.8M | $6.7M | $7.0M | $8.4M |
| Goodwill & intangible assets | $24.6M | $22.7M | $49.1M | $63.3M | $67.3M | $84.0M | $78.1M | $64.9M | $76.4M | $74.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $557,000 | $446,000 | $1.3M | $1.4M | $377,000 | $388,000 | $387,000 | $6.3M | $8.4M | $7.2M |
| Total assets | $93.8M | $100.0M | $121.8M | $159.9M | $215.8M | $227.4M | $161.4M | $162.3M | $158.2M | $158.7M |
| Liabilities | ||||||||||
| Accounts payable | $23.6M | $18.4M | $24.8M | $29.0M | $48.6M | $52.3M | $26.5M | $39.2M | $29.3M | $31.2M |
| Short-term debt | $968,000 | $16.3M | $5.8M | $1.8M | $2.1M | $1.6M | $1.3M | $1.4M | $3.1M | $3.2M |
| Deferred revenue | — | $9.2M | $5.6M | $7.9M | $4.8M | $2.9M | $2.2M | $2.0M | $1.8M | $1.7M |
| Total current liabilities | $48.4M | $63.5M | $55.9M | $57.0M | $74.8M | $75.7M | $44.5M | $53.7M | $60.0M | $62.4M |
| Long-term debt | $41.6M | $41.8M | $159.9M | $6.9M | $157.9M | $165.1M | $147.9M | $138.1M | $128.8M | $90.9M |
| Lease obligations | $3.9M | $4.0M | $6.7M | $1.8M | $1.8M | $1.6M | $1.1M | — | — | — |
| Other long-term liabilities | $7.8M | $7.6M | $8.1M | $166.2M | $8.0M | $14.4M | $6.3M | $7.0M | $15.0M | $23.2M |
| Total liabilities | $97.9M | $112.9M | $223.9M | $230.1M | $240.7M | $255.3M | $198.7M | $198.8M | $203.8M | $176.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $15,000 | $15,000 | $12,000 | $11,000 | $105,000 | $99,000 | $82,000 | $74,000 | $519.6M | $507.7M |
| Retained earnings (deficit) | −$908.4M | −$905.6M | −$906.9M | −$857.8M | −$787.0M | −$732.4M | −$618.3M | −$577.8M | −$569.8M | −$524.0M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $403,000 | $218,000 | −$5.3M | −$6.3M | −$8.5M | −$7.0M | −$3.9M | −$4.9M | $4.6M | −$1.4M |
| Minority interest | — | — | — | — | — | −$91,000 | −$120,000 | −$135,000 | −$50,000 | $36,000 |
| Total shareholders' equity | −$4.0M | −$12.9M | −$102.1M | −$70.1M | −$24.9M | −$27.9M | −$37.2M | −$36.4M | −$45.6M | −$17.8M |
| Key figures | ||||||||||
| Total debt | $48.4M | $60.7M | $170.7M | $173.9M | $160.0M | $166.8M | $149.2M | $139.5M | $131.9M | $94.1M |
| Net cash (debt) | −$23.5M | −$21.1M | −$163.2M | −$166.8M | −$113.5M | −$126.8M | −$137.1M | −$108.5M | −$110.7M | −$84.3M |
| Working capital | $15.6M | $9.4M | $2.3M | $21.4M | $52.8M | $38.4M | $19.6M | $30.7M | $6.5M | $6.1M |
| Tangible book value | −$28.7M | −$35.6M | −$151.2M | −$133.4M | −$92.2M | −$111.9M | −$115.3M | −$101.3M | −$121.9M | −$92.5M |
| Book value per share | −$0.27 | −$1.03 | −$8.98 | −$6.54 | −$2.41 | −$2.90 | −$4.75 | −$5.50 | −$7.76 | −$3.29 |
| Shares outstanding | 15.1M | 12.5M | 11.4M | 10.7M | 10.3M | 9.6M | 7.8M | 6.6M | 5.9M | 5.4M |
| Current ratio | 1.32 | 1.15 | 1.04 | 1.38 | 1.71 | 1.51 | 1.44 | 1.57 | 1.11 | 1.10 |
| Quick ratio | 1.12 | 0.90 | 0.61 | 0.67 | 0.98 | 0.92 | 0.71 | 0.96 | 0.61 | 0.51 |
| Equity / assets | −4.3% | −12.9% | −83.8% | −43.8% | −11.5% | −12.3% | −23.1% | −22.4% | −28.8% | −11.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.9M | $19.3M | $24.9M | $14.6M | $13.2M | $35.1M | $39.6M | $12.0M | $49.0M | $12.3M | $7.5M | $18.9M |
| Cash & equivalents | $1.9M | $19.3M | $24.9M | $14.6M | $13.2M | $35.1M | $39.6M | $12.0M | $49.0M | $12.3M | $7.5M | $18.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $713,000 | — | — | $727,000 |
| Receivables | $40.1M | $18.7M | $29.2M | $32.2M | $26.8M | $14.6M | $17.3M | $18.5M | $24.0M | $28.5M | $26.4M | $20.7M |
| Inventory | $8.9M | $12.5M | $7.7M | $8.6M | $15.0M | $15.1M | $13.6M | $18.1M | $18.0M | $20.8M | $22.9M | $21.9M |
| Other current assets | $7.2M | $2.7M | $2.3M | $1.7M | $1.1M | $1.3M | $2.4M | $36.5M | $2.1M | $1.5M | $1.4M | $2.3M |
| Total current assets | $58.1M | $53.3M | $64.1M | $57.0M | $56.2M | $66.2M | $72.9M | $85.1M | $93.1M | $63.1M | $58.2M | $63.9M |
| Property, plant & equipment (net) | $4.3M | $4.5M | $4.5M | $4.7M | $3.2M | $3.5M | $4.0M | $4.4M | $6.6M | $7.5M | $8.2M | $14.5M |
| Goodwill & intangible assets | $27.3M | $25.8M | $24.6M | $23.6M | $23.2M | $22.8M | $22.7M | $23.4M | $44.6M | $46.2M | $49.1M | $57.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $657,000 | $531,000 | $557,000 | $565,000 | $460,000 | $508,000 | $446,000 | $456,000 | $5.2M | $5.3M | $164.8M | $1.5M |
| Total assets | $90.4M | $84.2M | $93.8M | $85.8M | $83.1M | $93.0M | $100.0M | $113.4M | $149.6M | $122.1M | $280.3M | $136.8M |
| Liabilities | ||||||||||||
| Accounts payable | $28.7M | $24.7M | $23.6M | $18.8M | $22.4M | $18.1M | $18.4M | $35.5M | $30.7M | $24.0M | $24.8M | $31.0M |
| Short-term debt | — | $996,000 | $968,000 | $941,000 | $1.4M | $16.3M | $16.3M | $113.6M | $172.9M | $6.4M | $5.8M | $2.0M |
| Deferred revenue | — | $4.6M | — | $7.3M | $13.4M | $14.3M | $9.2M | $14.3M | $13.4M | $6.6M | $5.6M | $5.0M |
| Total current liabilities | $54.3M | $52.1M | $48.4M | $43.9M | $46.2M | $59.1M | $63.5M | $188.9M | $239.1M | $59.5M | $55.9M | $59.9M |
| Long-term debt | $50.3M | $50.4M | $41.6M | $41.7M | $41.7M | $41.8M | $41.8M | $0 | $0 | $160.3M | $159.9M | $159.5M |
| Lease obligations | $3.4M | $3.6M | $3.9M | $4.1M | $3.3M | $3.7M | $4.0M | $4.3M | $6.0M | $6.5M | $6.7M | $2.0M |
| Other long-term liabilities | $16.3M | $7.0M | $7.8M | $8.0M | $5.6M | $5.2M | $7.6M | $9.6M | $12.2M | $7.9M | $166.6M | $8.1M |
| Total liabilities | $121.0M | $109.6M | $97.9M | $93.5M | $93.6M | $106.0M | $112.9M | $198.5M | $251.3M | $227.7M | $382.4M | $227.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16,000 | $16,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $13,000 | $12,000 | $12,000 | $12,000 | $117,000 |
| Retained earnings (deficit) | −$906.2M | −$897.8M | −$908.4M | −$907.9M | −$908.4M | −$908.1M | −$905.6M | −$904.2M | −$912.4M | −$912.2M | −$906.9M | −$891.8M |
| Accumulated other comprehensive income | $420,000 | $376,000 | $403,000 | $365,000 | $333,000 | $224,000 | $218,000 | −$6.7M | −$5.4M | −$5.1M | −$5.3M | −$7.3M |
| Total shareholders' equity | −$30.6M | −$25.4M | −$4.0M | −$7.7M | −$10.5M | −$13.0M | −$12.9M | −$85.1M | −$101.8M | −$105.6M | −$102.1M | −$90.8M |
| Key figures | ||||||||||||
| Total debt | $62.7M | $54.1M | $48.4M | $45.8M | $45.0M | $60.4M | $60.7M | $116.5M | $177.3M | $171.4M | $170.7M | $161.6M |
| Net cash (debt) | −$60.8M | −$34.8M | −$23.5M | −$31.2M | −$31.8M | −$25.2M | −$21.1M | −$104.6M | −$128.3M | −$159.1M | −$163.2M | −$142.6M |
| Working capital | $3.8M | $1.1M | $15.6M | $13.1M | $9.9M | $7.1M | $9.4M | −$103.8M | −$146.0M | $3.6M | $2.3M | $4.0M |
| Tangible book value | −$57.9M | −$51.2M | −$28.7M | −$31.3M | −$33.7M | −$35.8M | −$35.6M | −$108.5M | −$146.3M | −$151.8M | −$151.2M | −$147.8M |
| Book value per share | −$1.87 | −$1.55 | −$0.27 | −$0.50 | −$0.70 | −$0.87 | −$0.92 | −$6.44 | −$8.56 | −$8.89 | — | −$7.76 |
| Shares outstanding | 16.3M | 16.4M | 15.2M | 15.5M | 15.0M | 15.0M | 14.0M | 13.2M | 11.9M | 11.9M | — | 11.7M |
| Current ratio | 1.07 | 1.02 | 1.32 | 1.30 | 1.21 | 1.12 | 1.15 | 0.45 | 0.39 | 1.06 | 1.04 | 1.07 |
| Quick ratio | 0.77 | 0.73 | 1.12 | 1.07 | 0.86 | 0.84 | 0.90 | 0.16 | 0.31 | 0.69 | 0.61 | 0.66 |
| Equity / assets | −33.8% | −30.2% | −4.3% | −9.0% | −12.6% | −14.0% | −12.9% | −75.0% | −68.0% | −86.5% | −36.4% | −66.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
INSG financial position
At the end of fiscal 2025 (December 31, 2025), Inseego had total assets of $93.8 million (down 6.2% from a year earlier), total liabilities of $97.9 million and shareholders' equity of -$4.0 million. It held $24.9 million in cash and short-term investments against $48.4 million of debt, net debt of $23.5 million. Its current ratio was 1.32. In the latest quarter (ended June 30, 2026) total assets were $90.4 million and equity -$30.6 million.
Related: INSG income statement, INSG cash flow statement, INSG key metrics. See the INSG stock overview for the latest quote and news.
INSG balance sheet FAQ
What are Inseego's total assets?
Inseego reported total assets of $93.8 million at the end of fiscal 2025 (December 31, 2025), compared with $100.0 million a year earlier.
How much debt does Inseego have?
Inseego had $48.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Inseego have?
Inseego held $24.9 million in cash and short-term investments at the end of fiscal 2025; with $48.4 million of debt that is net debt of $23.5 million.
What is Inseego's book value?
Inseego's shareholders' equity (book value) was -$4.0 million at the end of fiscal 2025, or −$0.27 per share.
What is Inseego's current ratio?
Inseego had current assets of $64.1 million and current liabilities of $48.4 million, a current ratio of 1.32 (it can cover its short-term obligations).
How much goodwill does Inseego have?
Inseego carried $24.6 million of goodwill and intangible assets, 26.3% of total assets, at the end of fiscal 2025.