Inseego vs Ondas
Inseego is the larger business, with $166m of revenue in fiscal 2025 against $50.7m for Ondas (3.3 times as much). Ondas grew faster (605.3% against -13.1%). Inseego kept more of each dollar of sales as profit: a net margin of 0.5% against -260.7%.
| Latest fiscal year | InseegoINSG, 2025 | OndasONDS, 2025 |
|---|---|---|
| Revenue | $166m | $50.7m |
| Revenue growth | -13.1% | 605.3% |
| Net income | $838,000 | −$132m |
| Operating margin | — | -115.1% |
| Net margin | 0.5% | -260.7% |
| Return on equity | — | -58.2% |
| Free cash flow | $6.5m | −$40.8m |
| Cash | $24.9m | $551m |
| Total debt | $41.6m | $8.3m |
| Debt to equity | — | 1.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 275 | 459 |
| Market value | $73.3m | $3.08bn |
| Price vs our value range | — | — |
| Moat score | 36 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 23 sales |