GOGO

MKT CAP:$549M

Gogo Inc.

Market Cap

$549M

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

Communication·Telecommunications·🇺🇸·NASDAQ

Stock Price

$4.43-$0.33 (-6.93%)

Apr 22, 2026

Company Details

Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of Worl...

CEO

Christopher J. Moore

IPO Date

Jun 21, 2013

Website

www.gogoair.com

Key Metrics TTM

Revenue

$910M

+104.7% YoY

Net Income

$13M

EPS (Diluted)

$0.09

Free Cash Flow

$59M

Revenue / Share

$6.75

Gross Margin

59.1%

Operating Margin

12.5%

Net Margin

1.4%

FCF Margin

6.4%

P/S

0.6x

P/E

42.5x

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Feb 27, 2026

$910M+104.7%EPS $0.09

Q4 2025

Feb 27, 2026

$231M+67.3%EPS -$0.07

Q3 2025

Nov 6, 2025

$224M+122.4%EPS -$0.01

Q2 2025

Aug 7, 2025

$226M+121.5%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$93M	$64M	$35M
Q2 22	$98M	$65M	$32M
Q3 22	$105M	$69M	$36M
Q4 22	$108M	$70M	$39M
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 22	3.6x	—
Q2 22	3.5x	—
Q3 22	3.1x	38.4x
Q4 22	5.0x	21.8x
Q1 23	4.6x	20.8x
Q2 23	5.3x	13.9x
Q3 23	3.7x	9.6x
Q4 23	3.0x	8.1x
Q1 24	2.7x	7.0x
Q2 24	3.0x	18.2x
Q3 24	2.3x	16.3x
Q4 24	2.2x	70.6x
Q1 25	1.9x	—
Q2 25	2.8x	267.6x
Q3 25	1.4x	—
Q4 25	0.7x	48.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$18M	$9M
Q2 22	$26M	$15M
Q3 22	$28M	$8M
Q4 22	$31M	$21M
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

Quarter	CapEx
Q1 22	$9M
Q2 22	$11M
Q3 22	$20M
Q4 22	$10M
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

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-53.5%	-69.3%
Q2 22	-54.2%	-67.9%
Q3 22	-47.7%	-64.4%
Q4 22	-51.1%	-67.4%
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 22	$4M	4.3%
Q2 22	$5M	5.5%
Q3 22	$5M	4.5%
Q4 22	$5M	4.6%
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 22	$5M	$13M	$6M
Q2 22	$8M	$15M	$6M
Q3 22	$8M	$15M	$6M
Q4 22	$8M	$14M	$7M
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 22	$22M	$71M
Q2 22	$25M	$73M
Q3 22	$30M	$75M
Q4 22	$31M	$77M
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 22	$153M	$0	$153M
Q2 22	$164M	$0	$164M
Q3 22	$152M	$0	$152M
Q4 22	$151M	$25M	$175M
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

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	134M	+65.6%	+66.7%
Q2 22	135M	+0.5%	+66.9%
Q3 22	134M	-0.4%	+65.9%
Q4 22	133M	-0.9%	+64.3%
Q1 23	134M	+0.4%	-0.4%
Q2 23	133M	-0.3%	-1.1%
Q3 23	133M	+0.1%	-0.7%
Q4 23	133M	-0.3%	-0.1%
Q1 24	132M	-0.4%	-0.9%
Q2 24	132M	-0.5%	-1.1%
Q3 24	130M	-1.0%	-2.2%
Q4 24	129M	-1.3%	-3.2%
Q1 25	135M	+5.2%	+2.2%
Q2 25	137M	+1.2%	+3.9%
Q3 25	135M	-1.6%	+3.3%
Q4 25	135M	+0.2%	+4.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$246.7K	376
Q2 22	$260.2K	376
Q3 22	$280.1K	376
Q4 22	$256.3K	422
Q1 23	$233.6K	422
Q2 23	$244.6K	422
Q3 23	$232.1K	422
Q4 23	$214.0K	457
Q1 24	$228.3K	457
Q2 24	$223.3K	457
Q3 24	$220.0K	457
Q4 24	$174.4K	790
Q1 25	$291.5K	790
Q2 25	$286.1K	790
Q3 25	$283.0K	790
Q4 25	$339.1K	680

Revenue / Employee