Inseego Corp. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, disclosing a third-quarter net loss of $8,103 thousand and a year-to-date net loss of $21,077 thousand.

Key Highlights

  • Q3 2026 total revenues: $33,263 thousand, down from $45,893 thousand in Q3 2025, according to the filing.
  • Q3 2026 net loss: $8,103 thousand, compared with net income of $1,432 thousand in Q3 2025.
  • Nine-month net loss: $21,077 thousand for the nine months ended September 30, 2026, versus net income of $369 thousand for the same period in 2025.
  • Fixed wireless access revenues declined: from $17,650 thousand in Q3 2025 to $4,180 thousand in Q3 2026, the filing reported.
  • Total stockholders' deficit widened: to $(36,576) thousand as of September 30, 2026, from $(4,044) thousand at December 31, 2025.
  • Preferred stock exchange: all 25,000 shares of outstanding preferred stock were exchanged, resulting in a deemed contribution of $15,100 thousand recognized in the nine-month period.
  • Shares outstanding: 18,486,890 common shares as of October 28, 2026, per the filing.

Inseego Q3 2026 Revenue Mix Shift and Balance Sheet Changes

According to the filing, Inseego Corp. (NASDAQ:INSG) reported total revenues of $33,263 thousand for the three months ended September 30, 2026, a decrease from $45,893 thousand in the comparable prior-year quarter. The decline was driven primarily by fixed wireless access solutions revenue, which fell to $4,180 thousand from $17,650 thousand in Q3 2025. Mobile solutions revenues, by contrast, grew to $19,100 thousand from $16,037 thousand over the same period. Software services and other revenues decreased to $9,983 thousand from $12,206 thousand.

The company disclosed a Q3 2026 gross profit of $11,086 thousand, compared with $19,084 thousand in Q3 2025. Total operating costs and expenses were $18,259 thousand for the quarter, resulting in an operating loss of $7,173 thousand, against operating income of $2,155 thousand a year earlier. For the nine months ended September 30, 2026, the operating loss was $17,975 thousand, compared with operating income of $3,011 thousand for the nine months ended September 30, 2025. Interest expense was $918 thousand for Q3 2026 and $3,189 thousand for the nine-month period, the filing stated.

On the balance sheet, total assets were reported at $94,695 thousand as of September 30, 2026, versus $93,807 thousand at December 31, 2025. Total liabilities rose to $131,271 thousand from $97,851 thousand over the same period. The 2029 Senior Secured Notes, net, increased to $50,166 thousand from $41,611 thousand, and a Working Capital Facility of $7,642 thousand appeared on the balance sheet as of September 30, 2026, where none existed at year-end 2025. Cash and cash equivalents declined to $6,611 thousand from $24,886 thousand at December 31, 2025. The filing also disclosed that the 25,000 shares of preferred stock outstanding at December 31, 2025 were exchanged during the nine-month period, with no preferred shares outstanding as of September 30, 2026, and that the exchange generated a deemed contribution of $15,100 thousand. Share-based compensation for the nine months was $7,645 thousand.

What Was Disclosed

Inseego Corp. filed a Form 10-Q for the quarter ended September 30, 2026, reporting declining revenues, a third-quarter net loss of $8,103 thousand, a widened stockholders' deficit of $(36,576) thousand, and the full exchange of its outstanding preferred stock during the period.