Demonstrações financeiras detalhadas de Inseego Corp. (INSG): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Inseego Corp. registou receitas de $166.2M no último exercício, com um CAGR de 5 anos de -11.9%.
Margens dos últimos 12 meses: margem bruta 35.2%, margem operacional -4.0%, margem líquida -6.4%.
Ao preço atual de $4.11, INSG negocia a um P/L de 29.90 e um ROE de 65.39%. A capitalização de mercado é de $67M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $243.6M | $219.3M | $202.5M | $219.5M | $313.8M | $262.4M | $245.3M | $167.3M | $191.2M | $166.2M |
| Custo da Receita | $167.2M | $152.0M | $131.9M | $155.5M | $223.0M | $186.5M | $178.4M | $131.5M | $122.4M | $103.5M |
| Lucro Bruto | $76.3M | $67.3M | $70.6M | $64.0M | $90.8M | $75.9M | $66.9M | $35.8M | $68.8M | $62.7M |
| P&D | $30.7M | $21.4M | $20.6M | $23.9M | $45.0M | $52.7M | $38.3M | $19.7M | $20.6M | $19.8M |
| Despesas Gerais e Administrativas | $82.2M | $59.4M | $48.4M | $56.2M | $66.4M | $66.5M | $59.0M | $32.5M | $33.2M | $38.2M |
| Despesas Operacionais | $116.8M | $84.4M | $72.6M | $83.5M | $116.0M | $122.4M | $124.8M | $71.7M | $67.1M | $58.0M |
| Lucro Operacional | -$45.0M | -$22.2M | $14.0M | -$19.5M | -$25.1M | -$46.5M | -$57.9M | -$36.0M | $1.7M | $4.7M |
| EBITDA | -$30.5M | -$4.0M | $10.7M | -$767000 | -$72.5M | -$15.5M | -$32.6M | -$17.2M | $9.8M | $13.5M |
| Despesas com Juros | $15.6M | $19.3M | $20.4M | $20.4M | $9.9M | $6.9M | $8.6M | $9.1M | $10.9M | $3.8M |
| Lucro Antes de Impostos | -$60.2M | -$45.6M | -$7.3M | -$39.6M | -$110.4M | -$47.7M | -$68.4M | -$45.0M | -$13.7M | $1.3M |
| Imposto | $381000 | $214000 | $815000 | $536000 | $748000 | $191000 | -$465000 | $43000 | $689000 | $44000 |
| Lucro Líquido | -$60.6M | -$45.7M | -$8.1M | -$40.1M | -$111.2M | -$48.1M | -$68.0M | -$46.2M | $4.6M | $838000 |
| LPA | $-11.24 | $-7.79 | $-1.22 | $-5.12 | $-11.87 | $-5.07 | $-6.59 | $-4.32 | $0.10 | $-0.18 |
| LPA Diluído | $-11.24 | $-7.79 | $-1.22 | $-5.12 | $-11.87 | $-5.07 | $-6.59 | $-4.32 | $0.10 | $-0.18 |
| Ações em Circulação (Diluídas) | $5.4M | $5.9M | $6.6M | $7.8M | $9.6M | $10.3M | $10.7M | $11.4M | $12.5M | $15.1M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $45.9M | $48.4M | $34.3M | $44.0M |
| Lucro Bruto | $19.1M | $12.1M | $14.8M | $14.8M |
| Lucro Operacional | $2.2M | $1.7M | -$3.6M | -$7.2M |
| EBITDA | $4.4M | $3.8M | -$3.8M | -$5.0M |
| Lucro Líquido | $1.4M | $469000 | -$4.5M | -$8.4M |
| LPA | $0.03 | $-0.03 | $0.66 | $-0.52 |
| LPA Diluído | $0.03 | $-0.03 | $0.65 | $-0.52 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $9.9M | $21.2M | $31.0M | $12.1M | $40.0M | $49.8M | $7.1M | $7.5M | $39.6M | $24.9M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | $1.5M | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $22.2M | $15.7M | $20.6M | $19.7M | $29.9M | $35.8M | $30.9M | $26.4M | $17.3M | $29.2M |
| Estoque | $31.1M | $20.4M | $26.4M | $25.3M | $34.0M | $37.4M | $38.0M | $22.9M | $13.6M | $7.7M |
| Ativos Circulantes | $68.4M | $66.4M | $84.4M | $64.1M | $114.1M | $127.6M | $78.4M | $58.2M | $72.9M | $64.1M |
| Imobilizado | $8.4M | $7.0M | $6.7M | $18.8M | $28.9M | $15.9M | $16.9M | $13.3M | $4.0M | $4.5M |
| Ágio | $34.4M | $37.7M | $32.9M | $33.7M | $32.5M | $20.3M | $21.9M | $21.9M | $3.9M | $3.9M |
| Ativos Intangíveis | $40.3M | $38.7M | $32.0M | $44.4M | $51.5M | $47.0M | $41.4M | $27.1M | $18.7M | $20.7M |
| Ativos Totais | $158.7M | $158.2M | $162.3M | $161.4M | $227.4M | $354.6M | $159.9M | $121.8M | $100.0M | $93.8M |
| Contas a Pagar | $31.2M | $29.3M | $39.2M | $26.5M | $52.3M | $48.6M | $29.0M | $24.8M | $18.4M | $23.6M |
| Dívida de Curto Prazo | $3.2M | $3.1M | $1.4M | $187000 | $160000 | $3.7M | 0 | $4.1M | $14.9M | $968000 |
| Passivos Circulantes | $62.4M | $60.0M | $53.7M | $44.5M | $75.7M | $74.8M | $57.0M | $55.9M | $63.5M | $48.4M |
| Dívida de Longo Prazo | $90.9M | $128.8M | $138.1M | $147.9M | $165.1M | $157.9M | $166.3M | $159.9M | $41.8M | $44.5M |
| Passivos Totais | $176.4M | $203.8M | $198.8M | $198.7M | $255.3M | $379.5M | $230.1M | $223.9M | $112.9M | $97.9M |
| Reservas | -$524.0M | -$569.8M | -$577.8M | -$618.3M | -$732.4M | -$787.0M | -$857.8M | -$906.9M | -$905.6M | -$908.4M |
| Patrimônio Líquido | -$17.8M | -$45.6M | -$36.4M | -$37.2M | -$27.8M | -$24.9M | -$70.1M | -$102.1M | -$12.9M | -$4.0M |
| Dívida Total | $94.1M | $131.9M | $139.5M | $149.2M | $175.2M | $168.7M | $173.9M | $170.7M | $60.7M | $48.4M |
| Dívida Líquida | $84.3M | $110.7M | $108.5M | $137.1M | $133.6M | $118.9M | $166.8M | $163.2M | $21.1M | $23.5M |
| Capital de Giro | $6.1M | $6.5M | $30.7M | $19.6M | $38.4M | $52.8M | $21.4M | $2.3M | $9.4M | $15.6M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $14.6M | $24.9M | $19.3M | $1.9M |
| Ativos Totais | $85.8M | $93.8M | $84.2M | $90.4M |
| Passivos Totais | $93.5M | $97.9M | $109.6M | $121.0M |
| Patrimônio Líquido | -$7.7M | -$4.0M | -$25.4M | -$30.6M |
| Dívida Total | $45.8M | $48.4M | $54.1M | $62.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$60.6M | -$45.8M | -$8.1M | -$40.1M | -$111.2M | -$47.9M | -$68.0M | -$46.2M | $4.6M | -$2.7M |
| Depreciação e Amortização | $14.1M | $14.3M | $13.7M | $18.4M | $27.9M | $25.3M | $27.2M | $18.7M | $12.5M | $8.4M |
| Compensação em Ações | $4.6M | $3.7M | $4.9M | $7.3M | $10.4M | $16.6M | $17.9M | $7.0M | $3.8M | $7.4M |
| Variação Capital de Giro | $1.5M | -$4.1M | -$8.5M | -$15.3M | $8.1M | -$15.8M | -$19.4M | $7.4M | $14.3M | -$8.6M |
| Fluxo de Caixa Operacional | -$6.6M | -$14.6M | -$1.8M | -$18.0M | $20.1M | -$25.2M | -$33.3M | $6.0M | $33.5M | $7.2M |
| CapEx | -$4.4M | -$4.6M | -$4.4M | -$28.7M | -$35.1M | -$28.8M | -$1.5M | -$8.3M | -$100000 | -$661000 |
| Aquisições | -$3.8M | $253000 | $144000 | 0 | $392000 | $33.6M | 0 | 0 | 0 | 0 |
| Recompra de Ações | $692000 | -$506000 | 0 | 0 | -$2.4M | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$10.9M | -$19.3M | -$6.1M | -$46.7M | -$15.1M | -$54.0M | -$34.8M | -$2.4M | $33.4M | $6.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $3.2M | $12.0M | $1.7M | -$23.8M |
| CapEx | -$1.9M | -$2.8M | -$3.9M | $3.5M |
| Fluxo de Caixa Livre | $1.3M | $9.1M | -$2.2M | -$20.3M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.9M | $2.3M | $2.3M | $3.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -10.0% | -7.7% | +8.4% | +43.0% | -16.4% | -6.5% | -31.8% | +14.3% | -13.1% |
| Crescimento Lucro Líquido (anual) | | +24.5% | +82.4% | -398.0% | -177.2% | +56.7% | -41.2% | +32.0% | +109.9% | -81.7% |
| Crescimento LPA (anual) | | +30.7% | +84.3% | -319.7% | -131.8% | +57.3% | -30.0% | +34.4% | +102.3% | -280.0% |
| Variação de Ações (anual) | | +8.9% | +12.6% | +18.5% | +22.7% | +7.4% | +3.9% | +6.0% | +10.2% | +20.7% |
| Crescimento FCF (anual) | | -76.2% | +68.1% | -660.7% | +67.8% | -259.0% | +35.7% | +93.2% | +1504.7% | -80.4% |
| Margem Bruta | 31.3% | 30.7% | 34.9% | 29.1% | 28.9% | 28.9% | 27.3% | 21.4% | 36.0% | 37.7% |
| Margem Operacional | -18.5% | -10.1% | 6.9% | -8.9% | -8.0% | -17.7% | -23.6% | -21.5% | 0.9% | 2.8% |
| Margem EBITDA | -12.5% | -1.8% | 5.3% | -0.3% | -23.1% | -5.9% | -13.3% | -10.3% | 5.1% | 8.1% |
| Margem Líquida | -24.9% | -20.9% | -4.0% | -18.3% | -35.4% | -18.3% | -27.7% | -27.6% | 2.4% | 0.5% |
| Margem FCF | -4.5% | -8.8% | -3.0% | -21.3% | -4.8% | -20.6% | -14.2% | -1.4% | 17.5% | 3.9% |
| Taxa Efetiva de Imposto | -0.6% | -0.5% | -11.1% | -1.4% | -0.7% | -0.4% | 0.7% | -0.1% | -5.0% | 3.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-2.03 | $-3.28 | $-0.93 | $-5.97 | $-1.57 | $-5.23 | $-3.24 | $-0.21 | $2.67 | $0.43 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $5.4M | $5.9M | $6.6M | $7.8M | $9.6M | $10.3M | $10.7M | $11.4M | $12.5M | $15.1M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 65.39% |
| Retorno sobre capital investido | -19.30% |
| Retorno sobre ativos | -12.25% |
| Margem bruta | 35.23% |
| Margem operacional | -4.03% |
| Margem líquida | -6.41% |
Saúde financeira
| Dívida / Patrimônio | -2.05 |
| Liquidez corrente | 1.07 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -2.17 | -2.07 | -34.02 | -14.32 | -13.03 | -11.50 | -1.28 | -0.51 | 102.60 | -57.06 |
| P/VP | -7.41 | -2.07 | -7.54 | -15.42 | -53.47 | -24.22 | -1.29 | -0.25 | -10.00 | -38.42 |
| P/V | 0.54 | 0.43 | 1.35 | 2.62 | 4.74 | 2.29 | 0.37 | 0.15 | 0.67 | 0.93 |
| Margem Bruta | 31.3% | 30.7% | 34.9% | 29.1% | 28.9% | 28.9% | 27.3% | 21.4% | 36.0% | 37.7% |
| Margem Operacional | -18.5% | -10.1% | 6.9% | -8.9% | -8.0% | -17.7% | -23.6% | -21.5% | 0.9% | 2.8% |
| Margem Líquida | -24.9% | -20.9% | -4.0% | -18.3% | -35.4% | -18.3% | -27.7% | -27.6% | 2.4% | 0.5% |