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Gogo (GOGO) Financials

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$3.66 +0.02 (+0.47%)
Closing price 03:59 PM Eastern
Extended Trading
$3.66 +0.00 (+0.08%)
As of 04:01 PM Eastern
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Annual Income Statements for Gogo

Annual Income Statements for Gogo

This table shows Gogo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -108 -125 -172 -162 -146 -250 153 92 146 14 13
Consolidated Net Income / (Loss)		 -108 -125 -172 -162 -146 -250 153 92 146 14 13
Net Income / (Loss) Continuing Operations		 -108 -125 -172 -52 -88 -49 157 92 146 14 13
Total Pre-Tax Income 		-106 -123 -174 -56 -88 -49 -31 106 98 18 27
Total Operating Income		 -45 -27 -64 82 97 76 121 142 124 51 114
Total Gross Profit		 501 597 699 198 309 270 234 404 398 445 910
Total Revenue		 501 597 699 290 309 270 336 404 398 445 910
Operating Revenue		 501 597 699 290 309 270 336 404 398 445 910
Total Cost of Revenue		 0.00 0.00 0.00 93 0.00 0.00 102 0.00 0.00 0.00 0.00
Total Operating Expenses		 546 623 763 115 212 193 113 262 273 393 796
Selling, General & Admin Expense		 87 85 94 58 55 54 52 58 57 125 117
Marketing Expense		 56 61 64 24 21 15 21 25 30 38 56
Research & Development Expense		 87 97 133 19 26 25 25 30 37 45 56
Depreciation Expense		 87 106 145 14 17 14 15 13 17 19 60
Amortization Expense		 228 275 327 - 94 84 - 136 133 167 507
Total Other Income / (Expense), net		 -62 -97 -110 -138 -184 -125 -151 -37 -27 -33 -87
Interest Expense		 59 99 112 142 188 126 151 39 35 38 68
Interest & Investment Income		 0.18 1.64 2.96 4.12 4.00 0.72 0.19 2.39 7.40 8.34 4.68
Other Income / (Expense), net		 -2.83 0.86 -0.75 -0.08 -0.03 0.01 -0.03 -0.12 1.32 -3.04 -24
Income Tax Expense		 1.24 1.31 -2.00 -3.35 0.56 -0.15 -187 14 -48 4.39 14
Basic Earnings per Share		 ($1.35) ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $1.46 $0.75 $1.12 $0.11 $0.10
Weighted Average Basic Shares Outstanding		 79.70M 78.92M 79.41M 80.04M 80.77M 82.27M 103.40M 123.27M 129.75M 128.53M 133.71M
Diluted Earnings per Share		 ($1.35) ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $1.28 $0.71 $1.09 $0.10 $0.09
Weighted Average Diluted Shares Outstanding		 79.70M 78.92M 79.41M 80.04M 80.77M 82.27M 127.21M 133.92M 133.28M 131.46M 136.59M
Weighted Average Basic & Diluted Shares Outstanding		 79.70M 78.92M 79.41M 80.04M 80.77M 82.27M 110.88M 127.91M 128.07M 131.35M 134.68M

Quarterly Income Statements for Gogo

This table shows Gogo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 90 21 14 30 0.84 11 -28 12 13 -1.93 -10.00
Consolidated Net Income / (Loss)		 90 21 14 30 0.84 11 -28 12 13 -1.93 -10.00
Net Income / (Loss) Continuing Operations		 0.00 0.00 146 30 0.84 11 14 12 13 -1.93 -10.00
Total Pre-Tax Income 		26 28 19 41 0.97 12 -36 19 17 -0.56 -8.59
Total Operating Income		 34 33 25 35 22 19 -24 35 36 29 14
Total Gross Profit		 103 98 98 104 102 101 171 107 107 224 473
Total Revenue		 103 98 98 104 102 101 138 230 226 224 231
Operating Revenue		 103 98 98 104 102 101 138 230 226 224 231
Total Cost of Revenue		 0.00 0.00 - 0.00 0.00 0.00 -34 123 119 0.00 -242
Total Operating Expenses		 69 65 73 70 80 81 196 72 71 195 459
Selling, General & Admin Expense		 13 13 17 15 22 25 64 30 29 28 31
Marketing Expense		 7.86 7.02 8.05 8.28 9.04 8.55 12 14 15 13 13
Research & Development Expense		 9.23 9.15 10 9.22 10 9.76 15 14 13 16 14
Depreciation Expense		 4.54 4.69 4.68 3.84 3.89 4.02 7.23 14 15 15 16
Total Other Income / (Expense), net		 -8.02 -5.68 -5.77 6.74 -21 -6.92 -12 -16 -19 -29 -23
Interest Expense		 10 8.03 8.25 8.41 8.11 9.67 12 17 16 18 18
Interest & Investment Income		 1.97 1.62 1.89 2.05 2.12 2.42 1.75 0.59 1.18 1.48 1.43
Other Income / (Expense), net		 0.04 0.73 0.58 13 -15 0.33 -1.76 -0.23 -3.75 -13 -6.64
Income Tax Expense		 -64 6.73 4.64 11 0.13 1.52 -8.19 6.94 4.17 1.37 1.41
Basic Earnings per Share		 $0.69 $0.16 $0.11 $0.24 $0.01 $0.08 ($0.22) $0.09 $0.10 ($0.01) ($0.08)
Weighted Average Basic Shares Outstanding		 129.81M 129.95M 129.75M 129.27M 128.30M 127.92M 128.53M 132.47M 133.65M 134.66M 133.71M
Diluted Earnings per Share		 $0.67 $0.16 $0.11 $0.23 $0.01 $0.08 ($0.22) $0.09 $0.09 ($0.01) ($0.08)
Weighted Average Diluted Shares Outstanding		 133.23M 133.32M 133.28M 132.44M 131.73M 130.39M 131.46M 135.31M 136.90M 134.66M 136.59M
Weighted Average Basic & Diluted Shares Outstanding		 128.70M 128.84M 128.07M 127.10M 126.95M 125.78M 131.35M 132.26M 133.69M 133.85M 134.68M

Annual Cash Flow Statements for Gogo

This table details how cash moves in and out of Gogo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 16 -30 78 -13 -129 258 -290 4.61 -12 -97 83
Net Cash From Operating Activities		 105 65 60 1.89 -129 4.51 67 103 79 41 124
Net Cash From Continuing Operating Activities		 105 65 60 1.89 -13 4.51 67 103 79 41 124
Net Income / (Loss) Continuing Operations		 -108 -125 -172 -52 -88 -49 157 92 146 14 13
Consolidated Net Income / (Loss)		 -108 -125 -172 -52 -88 -49 157 92 146 14 13
Depreciation Expense		 87 106 145 14 17 14 15 13 17 19 60
Amortization Expense		 17 21 22 23 20 20 5.08 3.67 4.30 5.66 7.27
Non-Cash Adjustments To Reconcile Net Income		 25 73 36 27 -81 0.29 83 23 18 22 25
Changes in Operating Assets and Liabilities, net		 84 -11 29 -9.20 4.05 19 -194 -28 -105 -19 19
Net Cash From Investing Activities		 -293 -296 -157 163 33 -8.99 -16 -70 30 -337 -40
Net Cash From Continuing Investing Activities		 -293 -296 -157 163 33 -8.99 -16 -70 30 -337 -40
Purchase of Property, Plant & Equipment		 -135 -148 -252 -2.73 -1.49 -1.82 -4.26 -44 -16 -14 -59
Acquisitions		 -18 -29 -28 -7.92 -4.98 -7.17 -4.40 -6.00 -7.82 -346 -17
Purchase of Investments		 -369 -363 -317 -39 - 0.00 0.00 -25 -54 -5.00 -3.00
Sale and/or Maturity of Investments		 230 244 443 213 39 0.00 0.00 0.00 81 0.00 0.00
Other Investing Activities, net		 -0.12 0.08 -2.85 - 0.00 0.00 -8.63 4.29 28 28 40
Net Cash From Financing Activities		 203 201 175 30 -2.83 44 -331 -28 -120 199 -1.35
Net Cash From Continuing Financing Activities		 203 201 175 30 -2.83 44 -331 -28 -120 199 -1.35
Repayment of Debt		 -15 -14 -6.59 -208 -924 -28 -1,044 0.00 0.00 -4.02 0.00
Repurchase of Common Equity		 - - - - - 0.00 0.00 -18 -4.82 -33 0.00
Issuance of Debt		 362 525 182 238 921 78 721 0.00 0.00 245 0.00
Other Financing Activities, net		 -144 -310 -0.23 0.40 0.33 -4.77 -8.16 -10 -116 -9.10 -1.35
Effect of Exchange Rate Changes		 0.79 - - - -0.25 -1.95 0.04 0.01 0.09 0.03 0.17
Cash Interest Paid		 39 28 86 101 141 106 71 41 68 56 78
Cash Income Taxes Paid		 0.45 0.31 0.10 0.40 0.49 0.40 0.38 0.38 1.00 3.10 3.40

Quarterly Cash Flow Statements for Gogo

This table details how cash moves in and out of Gogo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 -66 -11 53 14 8.73 15 -135 29 32 31 -8.35
Net Cash From Operating Activities		 16 19 26 30 25 25 -38 32 37 47 8.50
Net Cash From Continuing Operating Activities		 16 19 26 30 25 25 -38 32 37 47 8.50
Net Income / (Loss) Continuing Operations		 90 21 14 30 0.84 11 -28 12 13 -1.93 -10.00
Consolidated Net Income / (Loss)		 90 21 14 30 0.84 11 -28 12 13 -1.93 -10.00
Depreciation Expense		 4.54 4.69 4.68 3.84 3.89 4.02 7.23 14 15 15 16
Amortization Expense		 0.88 1.22 1.32 1.48 1.32 1.30 1.56 1.99 1.78 1.71 1.78
Non-Cash Adjustments To Reconcile Net Income		 -2.61 8.72 5.54 4.73 6.59 0.22 11 2.46 7.34 17 -1.33
Changes in Operating Assets and Liabilities, net		 -77 -17 0.15 -11 12 8.97 -30 1.84 -0.33 15 2.25
Net Cash From Investing Activities		 22 -27 33 -2.60 -0.08 -0.54 -334 -2.44 -4.79 -16 -16
Net Cash From Continuing Investing Activities		 22 -27 33 -2.60 -0.08 -0.54 -334 -2.44 -4.79 -16 -16
Purchase of Property, Plant & Equipment		 -7.29 -3.60 -2.26 -1.45 -3.39 -4.42 -4.25 -2.75 -3.18 -20 -34
Acquisitions		 -1.47 -1.76 -3.11 -2.72 -3.14 -3.78 -337 -3.42 -4.37 -3.08 -6.53
Purchase of Investments		 - -30 - 0.00 - - - 0.00 - - -3.00
Other Investing Activities, net		 6.40 7.68 7.64 1.57 6.45 7.66 6.91 3.73 2.76 6.37 27
Net Cash From Financing Activities		 -104 -2.41 -6.55 -13 -16 -9.45 238 -1.57 -0.70 1.16 -0.24
Net Cash From Continuing Financing Activities		 -104 -2.41 -6.55 -13 -16 -9.45 238 -1.57 -0.70 1.16 -0.24
Other Financing Activities, net		 -104 -2.41 -1.73 -3.16 -3.14 -1.84 -0.97 -1.57 -0.70 1.16 -0.24
Effect of Exchange Rate Changes		 -0.03 0.02 0.02 0.03 0.02 -0.02 - 0.06 0.50 -0.23 -0.16
Cash Interest Paid		 25 14 14 14 14 15 13 21 19 19 19
Cash Income Taxes Paid		 0.36 0.06 0.58 0.01 1.14 1.12 0.83 0.16 1.01 0.79 1.44

Annual Balance Sheets for Gogo

This table presents Gogo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,004 1,246 985 1,265 1,215 674 648 760 782 1,229 1,304
Total Current Assets		 468 605 262 586 425 512 250 324 315 323 432
Cash & Equivalents		 147 117 196 184 170 435 146 151 139 42 125
Accounts Receivable		 69 74 - 134 42 40 38 54 48 112 113
Inventories, net		 21 50 46 193 35 28 34 49 63 98 99
Prepaid Expenses		 11 25 20 35 6.81 8.93 32 45 64 55 69
Other Current Assets		 - - - - - - - - - 17 26
Plant, Property, & Equipment, net		 434 520 656 512 69 63 64 105 98 119 117
Total Noncurrent Assets		 102 122 67 168 721 98 334 331 369 787 755
Noncurrent Note & Lease Receivables		 - - - - - - - - 0.00 4.21 0.00
Goodwill		 0.62 86 - 83 52 53 50 50 0.62 185 193
Intangible Assets		 79 - - - - - - - 55 275 249
Noncurrent Deferred & Refundable Income Taxes		 - - - - - 0.00 185 163 217 217 210
Other Noncurrent Operating Assets		 15 36 67 84 48 45 99 119 97 105 103
Total Liabilities & Shareholders' Equity		 1,004 1,246 -911 1,265 1,215 674 648 760 782 1,229 1,304
Total Liabilities		 938 1,287 178 1,534 1,614 1,315 968 861 741 1,160 1,203
Total Current Liabilities		 198 251 43 300 253 438 189 84 72 182 269
Short-Term Debt		 21 2.80 - - 0.00 341 110 7.25 7.25 2.50 2.50
Accounts Payable		 28 32 - 24 5.50 11 17 14 16 67 93
Accrued Expenses		 102 148 - 213 48 83 60 60 48 82 139
Current Deferred Revenue		 46 69 43 63 2.23 3.11 1.83 3.42 1.00 30 35
Total Noncurrent Liabilities		 741 1,036 135 1,234 1,361 877 779 777 669 978 933
Long-Term Debt		 543 801 - 1,025 1,101 828 695 690 588 832 834
Other Noncurrent Operating Liabilities		 69 99 135 80 50 11 85 87 81 146 100
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 66 -40 -1,089 -269 -399 -641 -320 -102 41 69 101
Total Preferred & Common Equity		 66 -40 -192 -269 -399 -641 -320 -102 41 69 101
Total Common Equity		 66 -40 -1,089 -269 -399 -641 -320 -102 41 69 101
Common Stock		 861 879 - 963 980 1,089 1,258 1,386 1,402 1,460 1,288
Retained Earnings		 -793 -917 -1,089 -1,229 -1,376 -1,630 -1,452 -1,360 -1,214 -1,200 -1,187
Treasury Stock		 - - - - 0.00 -99 -129 -158 -163 -196 0.00
Accumulated Other Comprehensive Income / (Loss)		 -2.19 -2.16 - -3.55 -2.26 -1.01 1.79 30 16 5.57 0.04

Quarterly Balance Sheets for Gogo

This table presents Gogo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 729 759 746 767 809 803 811 1,238 1,263 1,295
Total Current Assets		 290 335 257 287 335 345 347 354 386 424
Cash & Equivalents		 152 163 97 86 153 162 177 70 102 134
Accounts Receivable		 49 47 51 49 49 54 46 115 113 114
Inventories, net		 47 54 60 63 69 69 75 94 88 82
Prepaid Expenses		 42 46 49 64 64 61 50 58 66 77
Other Current Assets		 - - - - - - - 17 17 17
Plant, Property, & Equipment, net		 99 105 104 101 96 95 94 117 116 116
Total Noncurrent Assets		 340 319 385 379 378 363 369 767 761 756
Noncurrent Note & Lease Receivables		 - - - - 18 3.44 3.76 0.00 0.00 0.00
Goodwill		 50 50 51 53 58 61 65 185 192 193
Intangible Assets		 - - - - - - - 269 264 256
Noncurrent Deferred & Refundable Income Taxes		 164 161 224 218 206 207 209 212 209 210
Other Noncurrent Operating Assets		 125 108 110 109 95 91 91 100 96 97
Total Liabilities & Shareholders' Equity		 729 759 746 767 809 803 811 1,238 1,263 1,295
Total Liabilities		 857 847 736 734 747 751 758 1,155 1,160 1,188
Total Current Liabilities		 78 73 62 63 80 87 97 192 226 244
Short-Term Debt		 7.25 7.25 7.25 7.25 7.25 7.25 7.25 2.50 2.50 2.50
Accounts Payable		 18 14 17 15 23 25 26 67 65 74
Accrued Expenses		 51 49 36 38 48 53 61 84 122 135
Current Deferred Revenue		 1.60 2.36 1.88 1.70 2.15 1.86 1.84 38 36 32
Total Noncurrent Liabilities		 779 774 674 671 667 663 661 963 935 944
Long-Term Debt		 691 689 590 589 586 585 584 832 833 833
Other Noncurrent Operating Liabilities		 88 85 84 83 8.59 78 77 131 102 111
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -128 -88 9.21 34 62 52 53 83 103 107
Total Preferred & Common Equity		 -128 -88 9.21 34 62 52 53 83 103 107
Total Common Equity		 -128 -88 9.21 34 62 52 53 83 103 107
Common Stock		 1,384 1,386 1,392 1,396 1,404 1,409 1,414 1,464 1,472 1,283
Retained Earnings		 -1,387 -1,339 -1,249 -1,228 -1,183 -1,183 -1,172 -1,188 -1,175 -1,177
Treasury Stock		 -158 -158 -158 -158 -173 -186 -194 -196 -196 0.00
Accumulated Other Comprehensive Income / (Loss)		 33 23 25 24 15 12 4.96 3.55 2.23 0.96

Annual Metrics And Ratios for Gogo

This table displays calculated financial ratios and metrics derived from Gogo's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 133,854,342.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 133,854,342.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.10
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -31 -19 -45 58 68 53 84 124 185 39 55
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 20.81% 29.16% 4.00% 5.87%
Earnings before Interest and Taxes (EBIT)		 -48 -26 -65 82 97 76 121 142 125 48 90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 56 101 103 119 133 110 141 158 146 73 158
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -45 -84 -213 6.85 581 71 -123 42 109 -390 105
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 377 443 611 662 148 131 338 420 496 926 812
Increase / (Decrease) in Invested Capital		 14 66 168 51 -514 -17 208 82 76 429 -50
Book Value per Share		 $0.77 ($0.47) ($12.55) ($3.07) ($4.52) ($7.52) ($3.10) ($0.80) $0.32 $0.55 $0.76
Tangible Book Value per Share		 ($0.15) ($1.46) ($12.55) ($4.03) ($5.11) ($8.14) ($3.58) ($1.19) ($0.12) ($3.11) ($2.55)
Total Capital		 752 899 -1,089 885 702 566 484 596 635 972 937
Total Debt		 686 939 0.00 1,154 1,101 1,207 804 697 595 902 836
Total Long-Term Debt		 664 937 0.00 1,154 1,101 866 695 690 588 900 834
Net Debt		 319 484 -196 931 931 772 658 522 456 856 711
Capital Expenditures (CapEx)		 135 148 252 2.73 1.49 1.82 3.26 44 16 14 59
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -75 -99 22 62 2.17 -20 25 72 111 102 40
Debt-free Net Working Capital (DFNWC)		 292 356 219 286 172 415 171 247 250 144 165
Net Working Capital (NWC)		 270 354 219 286 172 74 61 240 243 141 163
Net Nonoperating Expense (NNE)		 76 106 127 220 214 303 -68 32 40 25 42
Net Nonoperating Obligations (NNO)		 311 484 1,700 931 547 772 658 522 456 856 711
Total Depreciation and Amortization (D&A)		 104 127 168 37 37 34 21 16 21 25 68
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.35) ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $1.46 $0.75 $1.12 $0.11 $0.10
Adjusted Weighted Average Basic Shares Outstanding		 85.91M 86.30M 86.84M 87.56M 83.32M 86.40M 103.40M 123.27M 129.75M 128.53M 133.71M
Adjusted Diluted Earnings per Share		 ($1.35) ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $1.28 $0.71 $1.09 $0.10 $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 85.91M 86.30M 86.84M 87.56M 83.32M 86.40M 127.21M 133.92M 133.28M 131.46M 136.59M
Adjusted Basic & Diluted Earnings per Share		 ($1.35) ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 79.70M 78.92M 79.41M 80.04M 80.77M 82.27M 110.88M 127.91M 128.07M 131.35M 134.68M
Normalized Net Operating Profit after Tax (NOPAT)		 -31 -19 -45 58 68 53 84 124 87 39 80
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Gogo

This table displays calculated financial ratios and metrics derived from Gogo's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 133,854,342.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 133,854,342.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.07
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 118 25 19 26 19 17 -17 22 27 20 9.93
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.96% - - - -1.74% 2.43% 2.89% 2.13% 1.06%
Earnings before Interest and Taxes (EBIT)		 34 34 25 48 6.96 19 -26 35 32 16 7.55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 40 40 31 53 12 25 -17 51 49 33 25
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 76 -75 -57 -129 45 68 -446 -250 -326 -322 60
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 509 519 496 575 483 467 926 847 836 809 812
Increase / (Decrease) in Invested Capital		 41 101 76 155 -27 -52 429 272 353 342 -50
Book Value per Share		 $0.07 $0.26 $0.32 $0.49 $0.41 $0.42 $0.55 $0.63 $0.78 $0.80 $0.76
Tangible Book Value per Share		 ($0.33) ($0.15) ($0.12) $0.04 ($0.07) ($0.10) ($3.11) ($2.83) ($2.67) ($2.55) ($2.55)
Total Capital		 607 630 635 728 644 644 972 917 938 942 937
Total Debt		 597 596 595 665 592 591 902 835 835 836 836
Total Long-Term Debt		 590 589 588 658 585 584 900 832 833 833 834
Net Debt		 500 485 456 512 431 414 856 764 733 702 711
Capital Expenditures (CapEx)		 7.29 3.60 2.26 1.45 3.39 4.42 4.25 2.75 3.18 20 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 104 121 111 110 103 81 102 94 61 49 40
Debt-free Net Working Capital (DFNWC)		 202 232 250 263 265 258 144 165 163 182 165
Net Working Capital (NWC)		 194 224 243 255 258 250 141 162 160 180 163
Net Nonoperating Expense (NNE)		 28 4.29 4.37 -4.96 18 6.05 11 10 14 22 20
Net Nonoperating Obligations (NNO)		 500 485 456 512 431 414 856 764 733 702 711
Total Depreciation and Amortization (D&A)		 5.42 5.92 6.00 5.32 5.20 5.32 8.79 16 17 17 18
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.69 $0.16 $0.11 $0.24 $0.01 $0.08 ($0.22) $0.09 $0.10 ($0.01) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 129.81M 129.95M 129.75M 129.27M 128.30M 127.92M 128.53M 132.47M 133.65M 134.66M 133.71M
Adjusted Diluted Earnings per Share		 $0.67 $0.16 $0.11 $0.23 $0.01 $0.08 ($0.22) $0.09 $0.09 ($0.01) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 133.23M 133.32M 133.28M 132.44M 131.73M 130.39M 131.46M 135.31M 136.90M 134.66M 136.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 128.70M 128.84M 128.07M 127.10M 126.95M 125.78M 131.35M 132.26M 133.69M 133.85M 134.68M
Normalized Net Operating Profit after Tax (NOPAT)		 24 25 19 26 19 17 -17 22 27 20 9.93
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Gogo’s latest quarter shows a sharp rebound in profitability and cash generation, even though the company is still carrying a heavy debt load. In Q4 2025, revenue increased year over year, operating income improved materially, and operating cash flow remained positive. That said, the quarter also included a net loss, sizable capital spending, and ongoing interest expense that continues to weigh on bottom-line results.

  • Revenue growth remained solid. Q4 2025 revenue rose to $230.6 million from $137.8 million in Q4 2024, a strong year-over-year increase that points to continued business expansion.
  • Operating profit improved meaningfully. Operating income was $14.2 million in Q4 2025 versus an operating loss of $24.2 million in Q4 2024, showing a major turnaround in core operations.
  • Cash from operations stayed positive. Gogo generated $8.5 million of operating cash flow in Q4 2025, extending a pattern of positive cash generation in 2025.
  • First-half 2025 included a profitable Q2 and strong cash flow. Q2 2025 produced $12.8 million in net income and $36.7 million in operating cash flow, highlighting that profitability is possible when revenue and margins line up well.
  • Balance sheet cash improved versus midyear. Cash and equivalents rose to $133.6 million at the end of Q3 2025 from $102.1 million at the end of Q2 2025.
  • Gross profit remained substantial. Despite a reported cost of revenue in Q4 2025, the company still produced $473.0 million of gross profit on the quarter, supporting the idea that the business has meaningful scale.
  • Quarterly results were volatile. Gogo swung from a $12.8 million profit in Q2 2025 to a $1.9 million loss in Q3 2025 and a $10.0 million loss in Q4 2025, suggesting earnings are still uneven.
  • Equity remains thin relative to assets. As of Q3 2025, total equity was just $107.0 million against $1.30 billion in assets and $1.19 billion in liabilities, leaving very little cushion.
  • Debt remains a major overhang. Long-term debt was $833.0 million at Q3 2025, essentially unchanged from the prior quarter and still far larger than equity.
  • Interest expense is still high. Q4 2025 interest expense was $17.6 million, which continues to absorb a large share of operating profit and limits earnings leverage.
  • Capital spending and acquisitions consumed cash. In Q4 2025, Gogo spent $33.9 million on property and equipment and another $6.5 million on acquisitions, helping drive a negative net change in cash for the quarter.
  • Free cash flow was pressured by investment activity. Even with positive operating cash flow, Q4 2025 investing outflows were $16.4 million, and the company reported a net cash decline of $8.3 million.

Bottom line: Gogo’s recent trend is encouraging on the operating side. Revenue is growing, operating results have improved versus last year, and the company can generate cash. However, investors should keep a close eye on leverage, interest costs, and whether the recent profit improvement can hold up consistently. For now, this looks like a business that is improving, but still financially fragile.

06/12/26 04:02 PM ETAI Generated. May Contain Errors.

Gogo Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Gogo's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Gogo's net income appears to be on a downward trend, with a most recent value of $12.92 million in 2025, falling from -$107.61 million in 2015. The previous period was $13.75 million in 2024. View Gogo's forecast to see where analysts expect Gogo to go next.

Gogo's total operating income in 2025 was $114.08 million, based on the following breakdown:
  • Total Gross Profit: $910.49 million
  • Total Operating Expenses: $796.41 million

Over the last 10 years, Gogo's total revenue changed from $500.89 million in 2015 to $910.49 million in 2025, a change of 81.8%.

Gogo's total liabilities were at $1.20 billion at the end of 2025, a 3.7% increase from 2024, and a 28.2% increase since 2015.

In the past 10 years, Gogo's cash and equivalents has ranged from $41.77 million in 2024 to $435.35 million in 2020, and is currently $125.21 million as of their latest financial filing in 2025.

Over the last 10 years, Gogo's book value per share changed from 0.77 in 2015 to 0.76 in 2025, a change of -2.0%.


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Financial statements for NASDAQ:GOGO last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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