Gogo Inc. GOGO

Communication services SIC 4899 - Communications Services, NEC NAICS Information › Telecommunications › All Other Telecommunications derived Nasdaq

Gogo Inc. ("Gogo", the "Company", "we" or "us") is the only multi-orbit, multi-band in-flight connectivity provider offering connectivity technology purpose-built for business and military/government aviation. We have a holistic approach of providing broadband connectivity services to our customers from small to large aircraft and heavy jets through our air-to-ground ("ATG") technology and integrated low earth orbit ("LEO") and geostationary earth orbit ("GEO") satellite solutions provided by multiple satellite constellations owned by our satellite network partners. We aim to deliver to our customers consistent, global tip-to-tail connectivity with a suite of software, hardware, and advanced infrastructure supported by a 24/7/365 in-person customer support team to fit their every need.

Last close 2.17 2026-10-23
Market cap $294.1M 2026-06-30 share count
52-week range 1.96 - 9.93

Valuation FY2025 figures against the last close

P/S0.3x
P/E24.1x
P/FCF4.5x
EV/EBITDA5.8x
Dividend yield—
Diluted EPS0.09

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 671.3M (73.7%) 74% United States International, FY2025: 239.2M (26.3%) 26% International FY2024 United States, FY2024: 397.4M (89.4%) 89% International, FY2024: 47.3M (10.6%) 11% FY2023 United States, FY2023: 372.2M (93.6%) 94% International, FY2023: 25.3M (6.4%) 6%
Region FY2025FY2024FY2023
United States $671.3M $397.4M $372.2M
International $239.2M $47.3M $25.3M

As the company reported it, from the “Business Segment - Schedule of Consolidated Revenues by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $910.5M$444.7M$397.6M$404.1M$335.7M$269.7M$309.0M$290.2M$699.1M$596.5M
Cost of revenue —$67.6M————————
Gross profit —$377.1M————————
R&D $56.1M$44.8M$36.7M$29.6M$24.9M$25.2M$26.0M$18.5M$78.1M$45.9M
SG&A $116.7M$125.1M$57.3M$58.2M$51.6M$54.5M$54.6M$57.9M$93.7M$84.9M
Total operating expenses $796.4M$393.4M$273.4M$261.7M$215.1M$193.4M$212.5M$207.7M$763.4M$623.2M
Operating income $114.1M$51.3M$124.2M$142.3M$120.6M$76.4M$96.5M$82.4M-$64.3M-$26.6M
Interest expense $68.2M$38.4M$33.1M$38.9M$67.5M$125.8M$130.5M$122.6M$111.9M$83.6M
Pre-tax income $26.8M$18.1M$97.6M$105.7M-$30.6M-$48.7M-$87.9M-$55.8M-$174.0M-$123.2M
Income tax $13.9M$4.4M$48.1M$13.7M$187.2M$146.0K$563.0K$3.4M$2.0M$1.3M
Net income $12.9M$13.7M$145.7M$92.1M$152.7M-$250.0M-$146.0M-$162.0M-$172.0M-$124.5M
EPS, basic 0.100.111.120.751.46-3.04-1.81———
EPS, diluted 0.090.101.090.711.28-3.04-1.81-2.02-2.17-1.58
Shares, diluted (wtd. avg.) 136,593131,455133,283133,923127,20582,26680,766———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $125.2M$41.8M$139.0M$150.9M$41.8M$435.9M$177.7M$191.1M$203.7M$125.2M
Short-term investments ——$0$24.8M$0——$39.3M$212.8M$338.5M
Receivables $112.6M$111.5M$48.2M$54.2M$37.7M$39.8M$42.3M$134.3M$117.9M$73.7M
Inventory $98.9M$97.9M$63.2M$49.5M$34.0M$28.1M$35.2M$193.0M$45.5M$50.3M
Total current assets $431.9M$323.1M$314.6M$324.1M$249.9M$512.2M$424.8M$585.5M$592.9M$604.7M
Property, plant and equipment $117.3M$119.1M$98.1M$104.6M$63.7M$63.5M$69.2M$511.9M$656.0M$519.8M
Goodwill $193.2M$184.8M$620.0K$620.0K$600.0K$600.0K$600.0K$600.0K$600.0K$600.0K
Other intangibles $248.8M$275.3M$55.0M$48.9M$48.9M$52.1M$51.2M$82.9M$86.5M$85.2M
Total assets $1.30B$1.23B$781.5M$759.5M$647.7M$673.6M$1.21B$1.27B$1.40B$1.25B
Accounts payable $92.5M$67.2M$16.1M$13.6M$17.2M$11.0M$5.5M$23.9M$27.1M$31.7M
Short-term debt $2.5M$2.5M$7.2M$7.2M$109.6M$341.0M————
Total current liabilities $269.2M$182.0M$72.0M$84.4M$188.5M$438.1M$252.6M$299.7M$316.3M$251.1M
Long-term debt $833.6M$831.6M$587.5M$690.2M$694.8M$828.0M$1.10B$1.02B$1.00B$800.7M
Total liabilities $1.20B$1.16B$740.8M$861.4M$967.8M$1.31B$1.61B$1.53B$1.59B$1.29B
Retained earnings -$1.19B-$1.20B-$1.21B-$1.36B-$1.45B-$1.63B-$1.38B-$1.23B-$1.09B-$917.4M
Total equity $101.1M$69.3M$40.7M-$101.9M-$320.2M-$641.1M-$398.9M-$268.8M-$191.6M-$40.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $124.5M$41.4M$79.0M$103.4M$66.7M$4.5M-$12.9M$1.9M$60.3M$65.0M
Depreciation and amortisation $60.3M$19.0M$16.7M$12.6M$15.5M$14.2M$16.7M$14.4M$145.5M$105.6M
Stock-based compensation $24.1M$20.8M$21.3M$19.1M$13.3M$7.8M$8.7M$8.5M$19.8M$17.6M
Capital expenditure $59.4M$13.5M$16.3M$43.9M$4.3M$1.8M$1.5M$2.7M$252.4M$148.3M
Investing cash flow -$39.9M-$337.2M$29.9M-$70.4M-$16.3M-$9.0M$32.9M$162.8M-$157.4M-$295.8M
Financing cash flow -$1.4M$198.7M-$120.4M-$28.4M-$331.0M$44.5M-$2.8M$29.7M$174.9M$201.1M
Buybacks $0$33.2M$4.8M$18.4M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-158978.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 596.5M Net income, FY2016: -124.5M Revenue, FY2017: 699.1M Net income, FY2017: -172M Revenue, FY2018: 290.2M Net income, FY2018: -162M Revenue, FY2019: 309M Net income, FY2019: -146M Revenue, FY2020: 269.7M Net income, FY2020: -250M Revenue, FY2021: 335.7M Net income, FY2021: 152.7M Revenue, FY2022: 404.1M Net income, FY2022: 92.1M Revenue, FY2023: 397.6M Net income, FY2023: 145.7M Revenue, FY2024: 444.7M Gross profit, FY2024: 377.1M Net income, FY2024: 13.7M Revenue, FY2025: 910.5M Net income, FY2025: 12.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $596.5M $699.1M $290.2M $309.0M $269.7M $335.7M $404.1M $397.6M $444.7M $910.5M
Gross profit — — — — — — — — $377.1M —
Net income -$124.5M -$172.0M -$162.0M -$146.0M -$250.0M $152.7M $92.1M $145.7M $13.7M $12.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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