- Inseego delivered sequential growth in Q2 2025 with total revenue of $40.2 million, driven by strong FWA volumes, a large channel deal, and consistent services revenue of $12 million.
- Non-GAAP gross margin was 41.2%, reflecting a favorable product mix and strong FWA results.
- Q2 adjusted EBITDA was $4.7 million, up 29% sequentially, with an 11.7% margin, the second highest in a decade.
- The company ended Q2 with $13.2 million in cash and a reduced total debt of $41 million, approximately 2x LTM adjusted EBITDA.
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