INSEEGO CORP.

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

INSG$4.25+0.7%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

	Year Ended December 31,
	2025	2024
Cash flows from operating activities:
Net income	$838	$4,572
Adjustments to reconcile Net income (loss) to net cash provided by operating activities
(Income) loss from discontinued operations, net of tax	400	(18,941)
Depreciation and amortization	8,447	12,529
Provision for expected credit losses	337	216
Impairment of capitalized software	384	927
Gain on early lease termination	(443)	—
Provision for excess and obsolete inventory	(1,599)	(54)
Impairment of operating lease right-of-use assets	—	138
Share-based compensation expense	7,441	3,824
Amortization (accretion) of debt discount/premium and debt issuance costs, net	(175)	4,399
Loss on extinguishment of revolving credit facility	—	788
Loss on debt restructuring, net	—	2,851
Deferred income taxes	12	62
Non-cash operating lease expense	986	1,035
Other	35	—
Changes in assets and liabilities, net of effects of divestiture:
Accounts receivable	(11,620)	4,670
Inventories	7,448	6,923
Prepaid expenses and other assets	(1,284)	(71)
Accounts payable	3,677	(6,947)
Accrued expenses other liabilities	(5,605)	10,966
Operating lease liabilities	(1,176)	(1,230)
Operating cash flows from continuing operations	8,103	26,657
Operating cash flows from discontinued operations	(908)	6,862
Net cash provided by operating activities	7,195	33,519
Cash flows from investing activities:
Purchases of property, plant and equipment	(661)	(100)
Additions to capitalized software development costs and purchases of intangible assets	(8,616)	(4,961)
Investing cash flows from continuing operations	(9,277)	(5,061)
Investing cash flows from discontinued operations	710	48,092
Net cash provided by (used in) investing activities	(8,567)	43,031
Cash flows from financing activities:
Proceeds from the exercise of warrants to purchase common stock	976	—
Proceeds from stock option exercises and ESPP	542	20
Repayments of 2025 Convertible Notes	(14,949)	(33,769)
Proceeds from issuance of short-term loan and warrants, net of issuance costs	—	19,350
Repayments on short-term loan	—	(19,500)
Net repayments on asset-backed revolving credit facility	—	(4,882)
Financing cash flows from continuing operations	(13,431)	(38,781)
Financing cash flows from discontinued operations	—	—
Net cash used in financing activities	(13,431)	(38,781)
Effect of exchange rates on cash	93	(582)
Net increase (decrease) in cash, cash equivalents and restricted cash	(14,710)	37,187
Cash, cash equivalents and restricted cash, beginning of period	39,596	2,409
Cash, cash equivalents and restricted cash, end of period	$24,886	$39,596
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$3,945	$6,245
Income taxes	$1,361	$196
Supplemental disclosures of non-cash activities:
Right-of-use assets obtained in exchange for operating leases liabilities	$2,042	$—
Capital expenditures financed through accounts payable or accrued liabilities	$1,704	$235

2029 Senior Secured Notes issued in exchange for 2025 Convertible Notes	$—	$42,557
Common stock issued in exchange for 2025 Convertible Notes	$—	$44,930
Warrants issued in exchange for 2025 Convertible Notes	$—	$27,603
Purchase price receivable for Telematics divestiture within prepaid and other current assets	$—	$710
Accrued taxes related to Telematics divestiture	$—	$900

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