GOGO (Gogo Inc.) Stock Financials & Earnings | Market Cap Arena

GOGOGogo Inc.

Mkt Cap$626M

Communication Services·Telecommunications Services·🇺🇸 United States·NASDAQ

Revenue (TTM)$910M

Net Income (TTM)$13M

EPS (TTM)$0.09

Free Cash Flow (TTM)$59M

Gross Margin59.1%

Op. Margin12.5%

Net Margin1.4%

FCF Margin6.4%

P/S Ratio (TTM)0.7x

P/E Ratio (TTM)48.5x

YoY Rev Growth+104.7%

Employees—

Earnings Reports

Next: Q1 2026 · Mar 13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$99M	$64M	$32M
Q2 23	$103M	$69M	$34M
Q3 23	$98M	$68M	$33M
Q4 23	$98M	$60M	$25M
Q1 24	$104M	$71M	$35M
Q2 24	$102M	$67M	$22M
Q3 24	$101M	$66M	$19M
Q4 24	$138M	$74M	-$24M
Q1 25	$230M	$136M	$35M
Q2 25	$226M	$107M	$36M
Q3 25	$224M	$132M	$29M
Q4 25	$231M	$163M	$14M

Valuation

Quarter	P/S	P/E
Q1 23	1.5x	6.9x
Q2 23	1.5x	4.0x
Q3 23	1.5x	3.9x
Q4 23	1.6x	4.3x
Q1 24	1.6x	4.0x
Q2 24	1.6x	9.4x
Q3 24	1.5x	11.1x
Q4 24	1.4x	45.6x
Q1 25	1.1x	—
Q2 25	0.9x	86.2x
Q3 25	0.8x	—
Q4 25	0.7x	48.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$19M	$14M
Q2 23	$16M	$7M
Q3 23	$19M	$13M
Q4 23	$26M	$21M
Q1 24	$30M	$25M
Q2 24	$25M	$18M
Q3 24	$25M	$21M
Q4 24	-$38M	-$46M
Q1 25	$32M	$26M
Q2 25	$37M	$34M
Q3 25	$47M	$24M
Q4 25	$9M	-$25M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$5M
Q2 23	$9M
Q3 23	$5M
Q4 23	$5M
Q1 24	$4M
Q2 24	$7M
Q3 24	$4M
Q4 24	$8M
Q1 25	$6M
Q2 25	$3M
Q3 25	$23M
Q4 25	$34M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+6.3%	+15.3%
Q2 23	+5.5%	+5.6%
Q3 23	-7.0%	-6.3%
Q4 23	-9.6%	+5.0%
Q1 24	+5.8%	+4.5%
Q2 24	-1.1%	+16.2%
Q3 24	+2.6%	+26.0%
Q4 24	+40.9%	+122.1%
Q1 25	+120.8%	+180.2%
Q2 25	+121.5%	+136.5%
Q3 25	+122.4%	+139.2%
Q4 25	+67.3%	+33.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	5.1%
Q2 23	$5M	5.3%
Q3 23	$5M	5.3%
Q4 23	$6M	5.7%
Q1 24	$5M	4.6%
Q2 24	$5M	4.8%
Q3 24	$5M	5.0%
Q4 24	$6M	4.4%
Q1 25	$5M	2.4%
Q2 25	$6M	2.8%
Q3 25	$7M	3.0%
Q4 25	$6M	2.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$8M	$14M	$7M
Q2 23	$9M	$13M	$8M
Q3 23	$9M	$13M	$7M
Q4 23	$10M	$17M	$8M
Q1 24	$9M	$15M	$8M
Q2 24	$10M	$22M	$9M
Q3 24	$10M	$25M	$9M
Q4 24	$15M	$64M	$12M
Q1 25	$14M	$30M	$14M
Q2 25	$13M	$29M	$15M
Q3 25	$16M	$28M	$13M
Q4 25	$14M	$31M	$13M

Revenue Segments

Quarter	Product	Service
Q1 23	$20M	$78M
Q2 23	$24M	$79M
Q3 23	$18M	$80M
Q4 23	$17M	$81M
Q1 24	$23M	$82M
Q2 24	$20M	$82M
Q3 24	$19M	$82M
Q1 25	$32M	$199M
Q2 25	$32M	$194M
Q3 25	$34M	$190M
Q4 25	$39M	$192M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$163M	$25M	$188M
Q2 23	$97M	$0	$97M
Q3 23	$86M	$25M	$111M
Q4 23	$139M	$0	$139M
Q1 24	$153M	$0	$153M
Q2 24	$162M	$0	$162M
Q3 24	$177M	$0	$177M
Q4 24	$42M	$0	$42M
Q1 25	$70M	$0	$70M
Q2 25	$102M	$0	$102M
Q3 25	$134M	$0	$134M
Q4 25	$125M	$0	$125M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	134M	+0.4%
Q2 23	133M	-0.3%
Q3 23	133M	+0.1%
Q4 23	133M	-0.3%
Q1 24	132M	-0.4%
Q2 24	132M	-0.5%
Q3 24	130M	-1.0%
Q4 24	129M	-1.3%
Q1 25	135M	+5.2%
Q2 25	137M	+1.2%
Q3 25	135M	-1.6%
Q4 25	135M	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$458K	891
FY 15	$467K	1K
FY 16	$504K	1K
FY 17	$562K	1K
FY 18	$775K	1K
FY 19	$277K	1K
FY 20	$773K	349
FY 21	$893K	376
FY 22	$958K	422
FY 23	$870K	457
FY 24	$563K	790
FY 25	$1M	680

GOGO (Gogo Inc.) Stock Financials & Earnings | Market Cap Arena