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Inseego vs Rekor Systems: revenue, profit, margins and growth compared

Inseego brought in $166.2M of revenue in fiscal 2025, Rekor Systems $48.5M in fiscal 2025. Revenue changed by -13.1% at Inseego and +5.3% at Rekor Systems on the year before, so Rekor Systems grew faster. Inseego kept 0.5% of its revenue as net profit, Rekor Systems -64.9%. Free cash flow was $6.5M at Inseego and -$22.9M at Rekor Systems.

Side by side, latest fiscal year

INSGREKR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$166.2M$48.5M
Revenue growth-13.1%+5.3%
Net income$838K-$31.5M
Net margin0.5%-64.9%
Free cash flow$6.5M-$22.9M
Free cash flow margin3.9%-47.3%
Earnings per share (diluted)-$0.18-$0.26
Cash$24.9M$16.6M
Debtn/a$15M
Price to earningsn/an/a
Market value$61.7M$55.6M
Dividend yieldn/an/a
Rank by revenue in sector#36 of 51 · Telecommunications#44 of 51 · Telecommunications

Over the years

Revenue
INSG FY2018: $202.5MINSG FY2019: $219.5MINSG FY2020: $313.8MINSG FY2021: $262.4MINSG FY2022: $245.3MINSG FY2023: $167.3MINSG FY2024: $191.2MINSG FY2025: $166.2MREKR FY2018: $20.1MREKR FY2019: $19.3MREKR FY2020: $9.2MREKR FY2021: $11.6MREKR FY2022: $19.9MREKR FY2023: $34.9MREKR FY2024: $46MREKR FY2025: $48.5MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $166.2MREKR $48.5M
Net income
INSG FY2018: -$8.1MINSG FY2019: -$40.1MINSG FY2020: -$111.2MINSG FY2021: -$48.1MINSG FY2022: -$68MINSG FY2023: -$46.2MINSG FY2024: $4.6MINSG FY2025: $838KREKR FY2018: -$5.7MREKR FY2019: -$15.9MREKR FY2020: -$14.2MREKR FY2021: -$26.8MREKR FY2022: -$83.1MREKR FY2023: -$45.7MREKR FY2024: -$61.4MREKR FY2025: -$31.5MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $838KREKR -$31.5M
Net margin
INSG FY2018: -4.0%INSG FY2019: -18.3%INSG FY2020: -35.4%INSG FY2021: -18.3%INSG FY2022: -27.7%INSG FY2023: -27.6%INSG FY2024: 2.4%INSG FY2025: 0.5%REKR FY2018: -28.4%REKR FY2019: -82.2%REKR FY2020: -153.6%REKR FY2021: -231.4%REKR FY2022: -417.2%REKR FY2023: -130.8%REKR FY2024: -133.4%REKR FY2025: -64.9%FY18FY19FY20FY21FY22FY23FY24FY25
INSG 0.5%REKR -64.9%
Revenue growth
INSG FY2019: +8.4%INSG FY2020: +43.0%INSG FY2021: -16.4%INSG FY2022: -6.5%INSG FY2023: -31.8%INSG FY2024: +14.3%INSG FY2025: -13.1%REKR FY2019: -3.7%REKR FY2020: -52.2%REKR FY2021: +25.4%REKR FY2022: +72.1%REKR FY2023: +75.4%REKR FY2024: +31.8%REKR FY2025: +5.3%FY19FY20FY21FY22FY23FY24FY25
INSG -13.1%REKR +5.3%
Free cash flow
INSG FY2018: -$3.1MINSG FY2019: -$24.6MINSG FY2020: $14.3MINSG FY2021: -$30.1MINSG FY2022: -$34.8MINSG FY2023: $5.7MINSG FY2024: $33.4MINSG FY2025: $6.5MREKR FY2018: -$3.1MREKR FY2019: -$22.1MREKR FY2020: -$16.1MREKR FY2021: -$22.4MREKR FY2022: -$42.6MREKR FY2023: -$34MREKR FY2024: -$34.2MREKR FY2025: -$22.9MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $6.5MREKR -$22.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Inseego and Rekor Systems

Which is bigger by revenue, Inseego or Rekor Systems?

Inseego is bigger by revenue: $166.2M in fiscal 2025, against $48.5M for Rekor Systems in fiscal 2025.

Which keeps more of its revenue as profit, Inseego or Rekor Systems?

Inseego had a net margin of 0.5% in fiscal 2025; Rekor Systems had -64.9% in fiscal 2025.

Which grew revenue faster, Inseego or Rekor Systems?

In their latest fiscal years revenue changed by -13.1% at Inseego and +5.3% at Rekor Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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