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Inseego vs Turtle Beach: revenue, profit, margins and growth compared

Inseego brought in $166.2M of revenue in fiscal 2025, Turtle Beach $319.9M in fiscal 2025. Revenue changed by -13.1% at Inseego and -14.2% at Turtle Beach on the year before, so Inseego grew faster. Inseego kept 0.5% of its revenue as net profit, Turtle Beach 4.9%. Free cash flow was $6.5M at Inseego and $34M at Turtle Beach.

Side by side, latest fiscal year

INSGTBCH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$166.2M$319.9M
Revenue growth-13.1%-14.2%
Net income$838K$15.7M
Net margin0.5%4.9%
Free cash flow$6.5M$34M
Free cash flow margin3.9%10.6%
Earnings per share (diluted)-$0.18$0.77
Cash$24.9M$17M
Debtn/a$55.7M
Price to earningsn/a16.6
Market value$61.7M$228.2M
Dividend yieldn/an/a
Rank by revenue in sector#36 of 51 · Telecommunications#33 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: $166.2MTBCH FY2018: $287.4MTBCH FY2019: $234.7MTBCH FY2020: $360.1MTBCH FY2021: $366.4MTBCH FY2022: $240.2MTBCH FY2023: $258.1MTBCH FY2024: $372.8MTBCH FY2025: $319.9MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $166.2MTBCH $319.9M
Net income
INSG FY2018: -$8.1MINSG FY2019: -$40.1MINSG FY2020: -$111.2MINSG FY2021: -$48.1MINSG FY2022: -$68MINSG FY2023: -$46.2MINSG FY2024: $4.6MINSG FY2025: $838KTBCH FY2018: $39.2MTBCH FY2019: $17.9MTBCH FY2020: $38.7MTBCH FY2021: $17.7MTBCH FY2022: -$59.5MTBCH FY2023: -$17.7MTBCH FY2024: $16.2MTBCH FY2025: $15.7MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $838KTBCH $15.7M
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%TBCH FY2018: 13.6%TBCH FY2019: 7.6%TBCH FY2020: 10.8%TBCH FY2021: 4.8%TBCH FY2022: -24.8%TBCH FY2023: -6.8%TBCH FY2024: 4.3%TBCH FY2025: 4.9%FY18FY19FY20FY21FY22FY23FY24FY25
INSG 0.5%TBCH 4.9%
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%TBCH FY2019: -18.4%TBCH FY2020: +53.5%TBCH FY2021: +1.7%TBCH FY2022: -34.4%TBCH FY2023: +7.5%TBCH FY2024: +44.4%TBCH FY2025: -14.2%FY19FY20FY21FY22FY23FY24FY25
INSG -13.1%TBCH -14.2%
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: $6.5MTBCH FY2018: $37.2MTBCH FY2019: $37.5MTBCH FY2020: $45.4MTBCH FY2021: -$5.9MTBCH FY2022: -$45.4MTBCH FY2023: $24.9MTBCH FY2024: $847KTBCH FY2025: $34MFY18FY19FY20FY21FY22FY23FY24FY25
INSG $6.5MTBCH $34M

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

Questions about Inseego and Turtle Beach

Which is bigger by revenue, Inseego or Turtle Beach?

Turtle Beach is bigger by revenue: $319.9M in fiscal 2025, against $166.2M for Inseego in fiscal 2025.

Which keeps more of its revenue as profit, Inseego or Turtle Beach?

Inseego had a net margin of 0.5% in fiscal 2025; Turtle Beach had 4.9% in fiscal 2025.

Which grew revenue faster, Inseego or Turtle Beach?

In their latest fiscal years revenue changed by -13.1% at Inseego and -14.2% at Turtle Beach.

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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