NASDAQ : GOGO
Gogo Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 2.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 342.83M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Gogo Inc. (GOGO) reported revenue of 903.28M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 903.28M | 910.49M | 444.71M | 397.58M | 404.07M | 335.72M |
| Cost of Revenue | 527.48M | 507.40M | 166.60M | 132.95M | 135.90M | 102.19M |
| Gross Profit | 375.80M | 403.09M | 278.11M | 264.63M | 268.17M | 233.52M |
| Selling, General & Admin | 154.42M | 158.13M | 109.61M | 87.08M | 83.67M | 72.54M |
| Research & Development | 45.91M | 56.14M | 44.77M | 36.68M | 29.59M | 24.87M |
| Operating Expenses | 263.49M | 274.56M | 173.36M | 140.46M | 125.84M | 112.89M |
| Operating Income | 112.31M | 128.53M | 104.75M | 124.17M | 142.33M | 120.63M |
| Interest Expense | -69.69M | -68.22M | -38.43M | -33.06M | -38.87M | -67.47M |
| Interest & Investment Income | 4.74M | 4.68M | 8.34M | 7.40M | 2.39M | 191.00K |
| Other Non Operating Income (Expenses) | 1.46M | 1.62M | -2.25M | 1.31M | -123.00K | -25.00K |
| EBT Excluding Unusual Items | 48.82M | 66.61M | 72.40M | 99.83M | 105.72M | 53.32M |
| Merger & Restructuring Charges | -8.04M | -14.45M | -53.48M | |||
| Gain (Loss) on Sale of Investments | -1.58M | -3.55M | -793.00K | |||
| Legal Settlements | -10.00M | -10.00M | ||||
| Other Unusual Items | -10.55M | -11.80M | -2.22M | -83.96M | ||
| Pretax Income | 18.65M | 26.81M | 18.13M | 97.60M | 105.72M | -30.64M |
| Income Tax Expense | 19.50M | 13.89M | 4.39M | -48.08M | 13.66M | -187.23M |
| Earnings From Continuing Operations | -850.00K | 12.92M | 13.75M | 145.68M | 92.06M | 156.59M |
| Earnings From Discontinued Operations | -3.85M | |||||
| Net Income | -850.00K | 12.92M | 13.75M | 145.68M | 92.06M | 152.74M |
| Preferred Dividends & Other Adjustments | 171.00K | 1.48M | ||||
| Net Income to Common | -850.00K | 12.92M | 13.75M | 145.68M | 91.89M | 151.25M |
| Shares Outstanding (Basic) | 135.22M | 133.71M | 128.53M | 129.75M | 123.27M | 103.40M |
| Shares Outstanding (Diluted) | 135.22M | 136.59M | 131.46M | 133.28M | 133.92M | 127.20M |
| EPS (Basic) | -0.01 | 0.10 | 0.11 | 1.12 | 0.75 | 1.46 |
| EPS (Diluted) | -0.01 | 0.09 | 0.10 | 1.09 | 0.71 | 1.25 |
| Free Cash Flow | -8.36M | 65.11M | 27.92M | 62.70M | 59.49M | 61.22M |
| Free Cash Flow Per Share | -0.06 | 0.48 | 0.21 | 0.47 | 0.44 | 0.48 |
| Gross Margin | 41.60% | 44.27% | 62.54% | 66.56% | 66.37% | 69.56% |
| Operating Margin | 12.43% | 14.12% | 23.55% | 31.23% | 35.22% | 35.93% |
| Profit Margin | -0.09% | 1.42% | 3.09% | 36.64% | 22.74% | 45.05% |
| Free Cash Flow Margin | -0.92% | 7.15% | 6.28% | 15.77% | 14.72% | 18.24% |
| EBITDA | 175.48M | 188.81M | 123.72M | 140.87M | 154.91M | 136.11M |
| EBITDA Margin | 19.43% | 20.74% | 27.82% | 35.43% | 38.34% | 40.54% |
| D&A For EBITDA | 63.17M | 60.28M | 18.97M | 16.70M | 12.58M | 15.48M |
| EBIT | 112.31M | 128.53M | 104.75M | 124.17M | 142.33M | 120.63M |
| EBIT Margin | 12.43% | 14.12% | 23.55% | 31.23% | 35.22% | 35.93% |
| Effective Tax Rate | 104.56% | 51.80% | 24.20% | 12.92% | ||
| Revenue as Reported | 903.28M | 910.49M | 444.71M | 397.58M | 404.07M | 335.72M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 63.13M | 125.21M | 41.77M | 139.04M | 150.55M | 145.91M |
| Short-Term Investments | 24.80M | |||||
| Trading Asset Securities | 3.21M | 3.37M | 9.52M | 23.23M | 28.50M | 925.00K |
| Cash & Short-Term Investments | 66.35M | 128.57M | 51.28M | 162.26M | 203.84M | 146.84M |
| Accounts Receivable | 127.07M | 122.65M | 119.12M | 55.17M | 60.70M | 42.26M |
| Other Receivables | 39.32M | 28.40M | 14.78M | 18.27M | 1.94M | |
| Receivables | 166.40M | 151.05M | 133.90M | 73.45M | 60.70M | 44.20M |
| Inventory | 127.38M | 101.40M | 101.45M | 65.79M | 52.39M | 36.50M |
| Other Current Assets | 51.78M | 50.89M | 36.47M | 13.09M | 7.21M | 22.38M |
| Total Current Assets | 411.90M | 431.91M | 323.09M | 314.59M | 324.15M | 249.91M |
| Property, Plant & Equipment | 165.95M | 175.26M | 187.59M | 168.68M | 179.86M | 134.66M |
| Long-Term Investments | 843.00K | 1.11M | 10.87M | 10.29M | 25.58M | 11.36M |
| Goodwill | 193.19M | 193.19M | 184.83M | 620.00K | 620.00K | 620.00K |
| Other Intangible Assets | 225.02M | 248.82M | 275.33M | 55.03M | 48.89M | 48.93M |
| Long-Term Accounts Receivable | 38.39M | 29.50M | 17.42M | 9.62M | 13.38M | 13.22M |
| Long-Term Deferred Tax Assets | 194.22M | 209.67M | 217.31M | 216.64M | 162.66M | 185.13M |
| Long-Term Deferred Charges | 1.21M | 1.58M | 2.34M | 1.01M | 1.45M | 1.88M |
| Other Long-Term Assets | 13.85M | 12.74M | 10.44M | 5.05M | 2.96M | 1.97M |
| Total Assets | 1.24B | 1.30B | 1.23B | 781.54M | 759.53M | 647.69M |
| Accounts Payable | 98.24M | 92.51M | 67.23M | 16.09M | 13.65M | 17.20M |
| Accrued Expenses | 35.22M | 50.41M | 36.67M | 18.78M | 35.67M | 27.50M |
| Current Portion of Long-Term Debt | 2.50M | 2.50M | 2.50M | 7.25M | 7.25M | 109.62M |
| Current Portion of Leases | 14.08M | 13.94M | 12.68M | 10.28M | 9.09M | 7.44M |
| Current Income Taxes Payable | 6.79M | 5.44M | 8.97M | 2.17M | 2.28M | 2.00M |
| Current Unearned Revenue | 36.22M | 35.19M | 30.41M | 1.00M | 3.42M | 1.82M |
| Other Current Liabilities | 44.66M | 69.24M | 23.57M | 16.41M | 13.01M | 22.93M |
| Total Current Liabilities | 237.70M | 269.23M | 182.03M | 72.00M | 84.37M | 188.52M |
| Long-Term Debt | 814.05M | 833.58M | 831.58M | 587.50M | 690.17M | 694.76M |
| Long-Term Leases | 50.06M | 55.79M | 68.18M | 73.05M | 79.24M | 77.33M |
| Long-Term Deferred Tax Liabilities | 1.50M | 4.70M | ||||
| Other Long-Term Liabilities | 22.05M | 42.55M | 73.42M | 8.27M | 7.61M | 7.24M |
| Total Liabilities | 1.12B | 1.20B | 1.16B | 740.81M | 861.39M | 967.84M |
| Common Stock | 14.00K | 13.00K | 14.00K | 14.00K | 14.00K | 11.00K |
| Additional Paid-In Capital | 1.30B | 1.29B | 1.46B | 1.40B | 1.39B | 1.26B |
| Retained Earnings | -1.18B | -1.19B | -1.20B | -1.21B | -1.36B | -1.45B |
| Treasury Stock | -196.38M | -163.20M | -158.38M | -128.80M | ||
| Comprehensive Income & Other | -36.00K | 44.00K | 5.57M | 15.80M | 30.13M | 1.79M |
| Shareholders' Equity | 120.70M | 101.13M | 69.32M | 40.73M | -101.87M | -320.15M |
| Total Liabilities & Equity | 1.24B | 1.30B | 1.23B | 781.54M | 759.53M | 647.69M |
| Total Debt | 880.69M | 905.80M | 914.93M | 678.08M | 785.76M | 889.15M |
| Net Cash (Debt) | -814.35M | -777.23M | -863.65M | -515.82M | -581.92M | -742.32M |
| Net Cash Per Share | -6.02 | -5.69 | -6.57 | -3.87 | -4.35 | -5.84 |
| Filing Date Shares Outstanding | 135.51M | 134.68M | 131.35M | 128.07M | 127.91M | 110.88M |
| Total Common Shares Outstanding | 135.50M | 134.51M | 130.92M | 128.46M | 127.84M | 110.79M |
| Working Capital | 174.21M | 162.68M | 141.06M | 242.60M | 239.78M | 61.40M |
| Book Value Per Share | 0.89 | 0.75 | 0.53 | 0.32 | -0.80 | -2.89 |
| Tangible Book Value | -297.51M | -340.88M | -390.84M | -14.92M | -151.38M | -369.71M |
| Tangible Book Value Per Share | -2.20 | -2.53 | -2.99 | -0.12 | -1.18 | -3.34 |
| Land | 6.54M | |||||
| Machinery | 256.84M | 252.61M | 230.93M | 203.33M | 196.60M | 155.36M |
| Leasehold Improvements | 16.97M | 16.86M | 16.19M | 16.13M | 15.36M | 13.54M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -850.00K | 12.92M | 13.75M | 145.68M | 92.06M | 152.74M |
| Depreciation & Amortization | 63.17M | 60.28M | 18.97M | 16.70M | 12.58M | 15.48M |
| Other Amortization | 7.10M | 7.27M | 5.66M | 4.30M | 3.67M | 5.08M |
| Loss (Gain) From Sale of Assets | 716.00K | 504.00K | 2.93M | 362.00K | 1.58M | 141.00K |
| Loss (Gain) From Sale of Investments | 1.58M | 3.55M | 793.00K | -1.34M | ||
| Stock-Based Compensation | 22.28M | 24.07M | 20.78M | 21.29M | 19.07M | 13.35M |
| Provision & Write-off of Bad Debts | 1.50M | 1.50M | 3.80M | 1.23M | 1.05M | 284.00K |
| Other Operating Activities | 26.51M | 21.76M | 3.25M | -46.95M | 13.17M | -99.50M |
| Change in Accounts Receivable | -25.50M | -19.18M | -4.17M | 8.05M | -19.65M | -3.71M |
| Change in Inventory | -37.35M | -1.08M | -16.22M | -13.69M | -15.52M | -5.86M |
| Change in Accounts Payable | 32.62M | 10.55M | -11.29M | 3.66M | -2.54M | 3.81M |
| Change in Unearned Revenue | -512.00K | -5.44M | 3.62M | -2.41M | 1.59M | -1.28M |
| Change in Other Net Operating Assets | -10.88M | 7.78M | -439.00K | -57.90M | -3.65M | -13.81M |
| Operating Cash Flow | 80.37M | 124.49M | 41.42M | 78.97M | 103.41M | 65.49M |
| Capital Expenditures | -88.73M | -59.38M | -13.50M | -16.27M | -43.91M | -4.26M |
| Sale of Property, Plant & Equipment | 71.00K | 1.00M | ||||
| Cash Acquisitions | -1.61M | -332.72M | ||||
| Sale (Purchase) of Intangibles | -14.52M | -15.78M | -13.55M | -7.82M | -6.00M | -4.40M |
| Investment in Securities | -3.00M | -3.00M | -5.00M | 26.14M | -24.80M | |
| Other Investing Activities | 50.91M | 39.85M | 27.58M | 27.80M | 4.29M | -16.43M |
| Investing Cash Flow | -55.27M | -39.92M | -337.20M | 29.86M | -70.42M | -24.09M |
| Long-Term Debt Issued | 245.00M | 721.38M | ||||
| Total Debt Issued | 245.00M | 721.38M | ||||
| Long-Term Debt Repaid | -2.54M | -6.09M | -107.38M | -7.43M | -1.03B | |
| Total Debt Repaid | -23.65M | -2.54M | -6.09M | -107.38M | -7.43M | -1.03B |
| Net Debt Issued (Repaid) | -23.65M | -2.54M | 238.91M | -107.38M | -7.43M | -305.54M |
| Issuance of Common Stock | 1.19M | 1.19M | ||||
| Repurchase of Common Stock | -33.19M | -4.82M | -18.38M | |||
| Other Financing Activities | -41.26M | -7.03M | -8.23M | -2.58M | -25.50M | |
| Financing Cash Flow | -63.72M | -1.35M | 198.69M | -120.43M | -28.39M | -331.04M |
| Foreign Exchange Rate Adjustments | -326.00K | 168.00K | 29.00K | 94.00K | 13.00K | 40.00K |
| Net Cash Flow | -38.95M | 83.39M | -97.06M | -11.51M | 4.61M | -289.60M |
| Free Cash Flow | -8.36M | 65.11M | 27.92M | 62.70M | 59.49M | 61.22M |
| Free Cash Flow Margin | -0.92% | 7.15% | 6.28% | 15.77% | 14.72% | 18.24% |
| Free Cash Flow Per Share | -0.06 | 0.48 | 0.21 | 0.47 | 0.44 | 0.48 |
| Levered Free Cash Flow | -41.11M | 108.56M | 52.71M | 29.55M | 29.40M | 14.68M |
| Unlevered Free Cash Flow | -4.65M | 143.93M | 71.07M | 45.92M | 50.03M | 51.77M |
| Cash Interest Paid | 72.38M | 77.81M | 56.15M | 68.14M | 41.21M | 71.11M |
| Cash Income Tax Paid | 4.12M | 3.40M | 3.10M | 1.00M | 377.00K | 376.00K |
| Change in Working Capital | -41.63M | -7.37M | -28.50M | -62.30M | -39.76M | -20.86M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 321.15M | 623.76M | 1.06B | 1.31B | 1.88B | 1.49B |
| Enterprise Value | 1.14B | 1.39B | 1.54B | 1.85B | 2.49B | 2.25B |
| Last Close Price | 2.36 | 4.66 | 8.09 | 10.13 | 14.76 | 13.53 |
| PE Ratio | 48.27 | 76.97 | 8.96 | 20.44 | 9.84 | |
| Forward PE | 27.76 | 14.37 | 26.90 | 19.82 | 27.56 | 28.73 |
| PS Ratio | 0.35 | 0.69 | 2.38 | 3.28 | 4.65 | 4.43 |
| PB Ratio | 2.65 | 6.17 | 15.26 | 32.05 | -18.44 | -4.65 |
| P/FCF Ratio | 9.58 | 37.90 | 20.82 | 31.58 | 24.30 | |
| P/OCF Ratio | 3.98 | 5.01 | 25.54 | 16.53 | 18.17 | 22.72 |
| EV/Sales Ratio | 1.26 | 1.53 | 3.46 | 4.65 | 6.16 | 6.69 |
| EV/EBITDA Ratio | 6.46 | 7.38 | 12.45 | 13.11 | 16.07 | 16.50 |
| EV/EBIT Ratio | 10.10 | 10.85 | 14.70 | 14.88 | 17.48 | 18.62 |
| EV/FCF Ratio | 21.41 | 55.17 | 29.46 | 41.83 | 36.68 | |
| Debt / Equity Ratio | 7.30 | 8.96 | 13.20 | 16.65 | -7.71 | -2.78 |
| Debt / EBITDA Ratio | 3.95 | 3.94 | 6.52 | 4.32 | 4.63 | 5.96 |
| Debt / FCF Ratio | 13.91 | 32.77 | 10.81 | 13.21 | 14.52 | |
| Net Debt / Equity Ratio | 6.75 | 7.69 | 12.46 | 12.67 | -5.71 | -2.32 |
| Net Debt / EBITDA Ratio | 4.64 | 4.12 | 6.98 | 3.66 | 3.76 | 5.45 |
| Net Debt / FCF Ratio | -97.43 | 11.94 | 30.94 | 8.23 | 9.78 | 12.12 |
| Asset Turnover | 0.72 | 0.72 | 0.44 | 0.52 | 0.57 | 0.51 |
| Inventory Turnover | 4.77 | 5.00 | 1.99 | 2.25 | 3.06 | 3.16 |
| Quick Ratio | 0.98 | 1.04 | 1.02 | 3.27 | 3.14 | 1.01 |
| Current Ratio | 1.73 | 1.60 | 1.77 | 4.37 | 3.84 | 1.33 |
| Return on Equity (ROE) | -0.76% | 15.16% | 24.98% | |||
| Return on Assets (ROA) | 5.60% | 6.34% | 6.51% | 10.07% | 12.64% | 11.41% |
| Return on Invested Capital (ROIC) | -0.55% | 6.84% | 10.66% | 20.16% | 21.85% | 34.73% |
| Return on Capital Employed (ROCE) | 11.20% | 12.40% | 10.00% | 17.50% | 21.10% | 26.30% |
| Earnings Yield | -0.38% | 2.07% | 1.30% | 11.16% | 4.90% | 10.27% |
| FCF Yield | -2.61% | 10.44% | 2.64% | 4.80% | 3.17% | 4.12% |
| Buyback Yield / Dilution | -1.37% | -3.91% | 1.37% | 0.48% | -5.28% | -54.63% |