GOGO · Gogo Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $226.32M | - | $223.59M | $226.04M | $230.31M | - | $100.53M | $102.06M | $104.32M | - |
| Cost of Revenue | - | - | - | $27.68M | $29.33M | - | - | - | - | - |
| Gross Profit | - | - | - | $198.36M | $200.98M | - | - | - | - | - |
| R&D | $6.50M | - | $15.70M | $12.50M | $13.90M | - | $9.80M | $10.30M | $9.20M | - |
| SG&A | $26.21M | - | $27.86M | $28.63M | $29.52M | - | $24.92M | $21.85M | $14.65M | - |
| Total Operating Expenses | $194.63M | - | $194.84M | $190.08M | $195.12M | - | $81.46M | $80.38M | $69.65M | - |
| D&A | $15.14M | - | $15.21M | $15.12M | $14.14M | - | $4.01M | $3.89M | $3.84M | - |
| Operating Income | $31.69M | - | $28.74M | $35.96M | $35.19M | - | $19.07M | $21.68M | $34.67M | - |
| Interest Expense | $16.85M | - | $17.68M | $16.41M | $16.56M | - | $9.67M | $8.11M | $8.41M | - |
| Income Tax | $7.95M | - | $1.37M | $4.17M | $6.94M | - | $1.52M | $132.0K | $10.92M | - |
| Net Income | $13.09M | - | ($1.93M) | $12.81M | $12.04M | - | $10.63M | $839.0K | $30.49M | - |
| EPS - Basic | $0.10 | - | ($0.01) | $0.10 | $0.09 | - | $0.08 | $0.01 | $0.24 | - |
| EPS - Diluted | $0.10 | - | ($0.01) | $0.09 | $0.09 | - | $0.08 | $0.01 | $0.23 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $103.54M | $125.21M | $133.57M | $102.08M | $70.28M | $41.77M | $176.68M | $161.55M | $152.82M | $139.04M |
| Accounts Receivable | $115.14M | $112.56M | $114.36M | $112.73M | $115.37M | $111.51M | $45.88M | $53.65M | $49.41M | $48.23M |
| Inventory | $101.79M | $98.85M | $81.89M | $87.96M | $93.80M | $97.93M | $74.85M | $69.06M | $69.30M | $63.19M |
| Accounts Payable | $81.69M | $92.51M | $74.39M | $64.77M | $67.38M | $67.23M | $26.45M | $25.27M | $22.82M | $16.09M |
| Current Assets | $430.47M | $431.91M | $423.61M | $385.86M | $354.27M | $323.09M | $347.41M | $344.94M | $335.31M | $314.59M |
| Total Assets | $1.28B | $1.30B | $1.30B | $1.26B | $1.24B | $1.23B | $810.74M | $802.68M | $808.95M | $781.54M |
| Current Liabilities | $259.35M | $269.23M | $243.72M | $225.61M | $192.17M | $182.03M | $97.01M | $87.36M | $79.87M | $72.00M |
| Long-term Debt | $813.04M | $833.58M | $833.03M | $832.51M | $832.03M | $831.58M | $583.86M | $585.06M | $586.27M | $587.50M |
| Total Liabilities | $1.16B | $1.20B | $1.19B | $1.16B | $1.16B | $1.16B | $758.01M | $750.67M | $746.51M | $740.81M |
| Stockholders' Equity | $118.02M | $101.13M | $106.96M | $102.79M | $82.95M | $69.32M | $52.72M | $52.01M | $62.44M | $40.73M |
| Retained Earnings | ($1.17B) | ($1.19B) | ($1.18B) | ($1.18B) | ($1.19B) | ($1.20B) | ($1.17B) | ($1.18B) | ($1.18B) | ($1.21B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.24M) | - | - | - | $32.47M | - | - | - | $29.66M | - |
| Investing Cash Flow | ($11.95M) | - | - | - | ($2.44M) | - | - | - | ($2.60M) | - |
| Financing Cash Flow | ($2.61M) | - | - | - | ($1.57M) | - | - | - | ($13.30M) | - |
| CapEx | $25.72M | - | - | - | $2.75M | - | - | - | $1.45M | - |
| Free Cash Flow | ($32.96M) | - | - | - | $29.72M | - | - | - | $28.21M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | 87.8% | 87.3% | - | - | - | - | - |
| Operating margin | 14.0% | - | 12.9% | 15.9% | 15.3% | - | 19.0% | 21.2% | 33.2% | - |
| EBITDA margin | 20.7% | - | 19.7% | 22.6% | 21.4% | - | 23.0% | 25.1% | 36.9% | - |
| Net margin | 5.8% | - | -0.9% | 5.7% | 5.2% | - | 10.6% | 0.8% | 29.2% | - |
| Free cash flow margin | -14.6% | - | - | - | 12.9% | - | - | - | 27.0% | - |
| FCF / Net income | -2.52 | - | - | - | 2.47 | - | - | - | 0.93 | - |
| R&D / Revenue | 2.9% | - | 7.0% | 5.5% | 6.0% | - | 9.7% | 10.1% | 8.8% | - |
| SG&A / Revenue | 11.6% | - | 12.5% | 12.7% | 12.8% | - | 24.8% | 21.4% | 14.0% | - |
| Effective tax rate | 37.8% | - | - | 24.6% | 36.6% | - | 12.5% | 13.6% | 26.4% | - |
| Return on assets | 1.0% | - | -0.1% | 1.0% | 1.0% | - | 1.3% | 0.1% | 3.8% | - |
| Return on equity | 11.1% | - | -1.8% | 12.5% | 14.5% | - | 20.2% | 1.6% | 48.8% | - |
| Return on invested capital | 2.1% | - | 2.4% | 2.9% | 2.4% | - | 2.6% | 2.9% | 3.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.66 | 1.60 | 1.74 | 1.71 | 1.84 | 1.77 | 3.58 | 3.95 | 4.20 | 4.37 |
| Quick ratio | 1.27 | 1.24 | 1.40 | 1.32 | 1.36 | 1.24 | 2.81 | 3.16 | 3.33 | 3.49 |
| Cash ratio | 0.40 | 0.47 | 0.55 | 0.45 | 0.37 | 0.23 | 1.82 | 1.85 | 1.91 | 1.93 |
| Leverage | ||||||||||
| Debt / Equity | 6.89 | 8.24 | 7.79 | 8.10 | 10.03 | 12.00 | 11.07 | 11.25 | 9.39 | 14.43 |
| Debt / Assets | 0.63 | 0.64 | 0.64 | 0.66 | 0.67 | 0.68 | 0.72 | 0.73 | 0.72 | 0.75 |
| Debt / EBITDA | 17.36 | - | 18.95 | 16.30 | 16.87 | - | 25.29 | 22.88 | 15.22 | - |
| Interest coverage | 1.9x | - | 1.6x | 2.2x | 2.1x | - | 2.0x | 2.7x | 4.1x | - |
| Equity multiplier | 10.86 | 12.89 | 12.11 | 12.29 | 14.93 | 17.73 | 15.38 | 15.43 | 12.96 | 19.19 |
| Liabilities / Assets | 0.91 | 0.92 | 0.92 | 0.92 | 0.93 | 0.94 | 0.93 | 0.94 | 0.92 | 0.95 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.17 | 0.18 | 0.19 | - | 0.12 | 0.13 | 0.13 | - |
| Inventory turnover | - | - | - | 0.31 | 0.31 | - | - | - | - | - |
| Days sales outstanding | 186d | - | 187d | 182d | 183d | - | 167d | 192d | 173d | - |
| Days inventory outstanding | - | - | - | 1160d | 1167d | - | - | - | - | - |
| Days payable outstanding | - | - | - | 854d | 839d | - | - | - | - | - |
| Cash conversion cycle | - | - | - | 488d | 512d | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 40.2x | - | - | 163.1x | 95.8x | - | 89.8x | 962.0x | 38.2x | - |
| P / B | 4.7x | - | 10.8x | 19.6x | 14.1x | - | 17.8x | 24.4x | 18.6x | - |
| P / S | 2.4x | - | 5.2x | 8.9x | 5.1x | - | 9.3x | 12.4x | 11.1x | - |
| EV / EBITDA | 26.9x | - | 42.2x | 53.6x | 39.1x | - | 58.2x | 66.1x | 41.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.7% | - | 122.4% | 121.5% | 120.8% | - | 2.6% | -1.1% | 5.8% | - |
| Revenue CAGR (3y) | 31.9% | - | 28.5% | 32.2% | 35.4% | - | 4.9% | 7.4% | 12.2% | - |
| Revenue CAGR (5y) | 25.1% | - | 27.4% | 18.5% | 4.5% | - | -13.0% | -13.7% | -12.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -9.9% | - | 50.7% | 65.9% | 1.5% | - | -42.8% | -36.3% | 8.6% | - |
| Net income growth (YoY) | 8.7% | - | - | 1426.5% | -60.5% | - | -49.2% | -99.1% | 49.1% | - |
| EPS growth (YoY) | 11.1% | - | - | 800.0% | -60.9% | - | -50.0% | -98.5% | 53.3% | - |
| EPS CAGR (3y) | -12.6% | - | - | - | -20.6% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 5.4% | - | - | - | 91.2% | - |
| FCF CAGR (5y) | - | - | - | - | 3.7% | - | - | - | - | - |
| Book value growth (YoY) | 42.3% | 45.9% | 102.9% | 97.6% | 32.8% | 70.2% | 57.2% | 464.6% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.46B totalService$774.39M · 31.5%
Business Aviation$657.91M · 26.8%
Satellite Broadband$316.64M · 12.9%
ATGBroadband$288.60M · 11.7%
Narrowband And Other$169.16M · 6.9%
Product$136.10M · 5.5%
Military Or Government$116.48M · 4.7%
Geographic
$910.49M totalUS$671.25M · 73.7%
Non Us$239.24M · 26.3%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing Gogo Inc. against the 5 most active filers in the same SIC group.