Inseego Corp. (INSG) intrinsic value & 10-year financials

Inseego Corp. (INSG) has a Graham intrinsic value of $0.02 per share. At $4.12 on Oct 17, 2026, the stock trades 20500% above that value. Over the last 10 fiscal years revenue shrank 4.2% a year to $166.2M, with an average return on invested capital of 0.0%.

Graham intrinsic value
$0.02
Share price (Oct 17, 2026)
$4.12
Price vs Graham value
20500% above
Market cap
$62.3M
Revenue (FY2025)
$166.2M
Revenue growth (10-yr CAGR)
-4.2%
ROIC (10-yr avg)
0.0%
Free cash flow (FY2025)
$6.5M

INSG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $166.2M $838.0K -$0.18 $6.5M 2.6% -10.8%
FY2024 $191.2M $4.6M $0.10 $33.4M 0.9% -1.9%
FY2023 $195.7M -$46.2M -$4.32 $6.5M -18.5% 41.0%
FY2022 $245.3M -$68.0M -$0.66 -$34.8M -23.6% 84.9%
FY2021 $262.4M -$48.1M -$0.51 -$30.1M -17.7% 75.2%
FY2020 $313.8M -$111.2M -$1.19 $14.3M -8.0% -110.5%
FY2019 $219.5M -$40.1M -$0.52 -$24.6M -8.9% -20.5%
FY2018 $202.5M -$8.1M — -$3.1M 6.9% 16.3%
FY2017 $219.3M -$45.7M — -$16.4M -10.1% -24.7%
FY2016 $243.6M -$60.6M — -$8.0M -18.5% -48.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

INSEEGO CORP. is facing top-line stagnation, with revenue contracting over the decade.

INSEEGO CORP. has historically struggled to out-earn its cost of capital, averaging just 0.0% ROIC.

INSEEGO CORP. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, INSEEGO CORP. is modeled at -4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.02 per share.

INSG stock: frequently asked questions

What is the intrinsic value of Inseego Corp. (INSG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -4.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, INSG's intrinsic value is about $0.02 per share.

Is INSG stock undervalued?

At $4.12 (close on Oct 17, 2026), INSG trades 20500% above its Graham value of $0.02. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Inseego Corp. grown?

Revenue went from $243.6M in fiscal 2016 to $166.2M in fiscal 2025, a compound annual growth rate of -4.2%. Net income was $838.0K in fiscal 2025.

Does Inseego Corp. generate free cash flow?

Inseego Corp. generated $6.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 10 reported years.

What is INSG's return on invested capital?

Average ROIC over the last 10 fiscal years was 0.0%, and average return on equity was 131.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INSG data come from?

From Inseego Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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