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Gogo Inc.

GOGO Communication Services Telecom Services

Gogo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $910.5 million, up 104.7% from fiscal 2024.

Revenue
−1.43%
EPS
−114.7%
Free cash flow
−34.4%
Total debt
−2.21%

Quarter to June 2026, against a year earlier

2.29 0.24 −9.49%
Market cap
$306.9M
P/E
2,290×
Fwd P/E
52.4×
Dividend yield
—
F-score
5/9
Altman Z
0.17
Beneish M
−2.22
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 2.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — 1 — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 42.45%

Capital & Financial Ratios $m

Size
Market Cap 306.92
Revenue ttm 903.28
Net income ttm (0.85)
Free cash flow ttm (22.81)
Net debt Q 753.42
Valuation
P/E 2,290.00 (above 35: high)
Forward P/E 52.40 (above 35: high)
Price / sales 0.35
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.59
Financial health
Current ratio Q 1.73 (at or above 1.5: strong)
Debt / equity Q 6.77 (above 2: weak)
Interest coverage Q 1.69
Growth
Revenue growth Q −1.43% (below 0%: shrinking)
Operating income growth Q −17.55% (below 0%: shrinking)
EPS, this year −22.22% (below 0%: weak)
EPS, next year A +400.00% (at or above 15%: strong)
Revenue, next year A −2.62% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +92.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 3.8×; over the ten years it ranged from 1.2× in 2026 to 12.7× in 2019.
P/E against its own 10 years 93.49%
10-year low 10-year high
P/S against its own 10 years 2.60%
10-year low 10-year high
P/B against its own 10 years 1.94%
10-year low 10-year high
EV/Sales against its own 10 years 0.73%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 139 42 125 63
Receivables 48 112 113 116
Inventory 63 98 99 125
Other — 17 26 26
315 323 432 412
2023 2024 2025 Q'26
Payables 16 67 93 98
ST’ Debt 7 3 3 3
Other — — — —
72 182 269 238

Compound Annual Growth %

10y 5y 3y
Sales 6.16% 27.55% 31.10%
Cash Flow 1.73% 94.15% 6.38%
Earnings 0.00% 0.00% (48.03%)
Book Value 4.33% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.09 Actual 0.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.07 0.10 Beat by 0.03
Q4 FY25 0.02 −0.01 Miss by 0.03
Q1 FY26 0.09 0.07 Miss by 0.02
Q2 FY26 0.09 0.03 Miss by 0.06
Q3 FY26 −0.01 — Reports 6 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.10 (0.01) — — —
’25 0.09 0.09 (0.01) (0.07) 0.09
’24 0.23 0.01 0.08 (0.22) 0.10
’23 0.15 0.67 0.16 0.11 1.09
’22 0.18 0.17 0.15 0.21 0.71
’21 (0.09) (0.63) 0.08 1.60 1.28
’20 (1.04) (1.05) (0.97) 0.01 (3.04)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 226 223 — — —
’25 230 226 224 231 910
’24 104 102 101 138 445
’23 99 103 98 98 398
’22 93 98 105 108 404
’21 74 82 87 92 336
’20 71 55 67 78 270
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) 32 — — —
’25 32 37 47 9 124
’24 30 25 25 (38) 41
’23 19 16 19 26 79
’22 18 26 28 31 103
’21 25 (15) 27 30 67
’20 24 (25) 21 (16) 5
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (35) 20 — — —
’25 26 31 24 (32) 49
’24 25 18 17 (46) 14
’23 14 7 13 21 55
’22 9 15 8 21 53
’21 24 (16) 26 26 59
’20 23 (29) 20 (18) (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 597 699 290 309 270 336 404 398 445 910 903 +4.8% 887 921 1,046 +4.7%
Gross margin, % 53.95 53.24 68.10 69.61 68.72 69.56 66.37 66.56 62.54 44.27 41.60 (9.7) pt
EBT (123) (174) (56) (88) (49) (31) 106 98 18 27 19 n/m
EBT margin, % (20.65) (24.89) (19.24) (28.46) (18.06) (9.13) 26.16 24.55 4.08 2.94 2.06 +23.6 pt
Net income (125) (172) (52) (88) (49) 157 92 146 14 13 (1) n/m
Per share, $
Per share, $ Revenue 7.56 8.80 3.63 3.83 3.28 3.25 3.28 3.06 3.46 6.81 6.63 (1.2%)
Earnings (1.58) (2.17) (2.02) (1.81) (3.04) 1.46 0.75 1.12 0.11 0.10 0.00 n/m
Cash flow 0.82 0.76 0.02 (0.16) 0.05 0.65 0.84 0.61 0.32 0.93 0.59 +1.4%
Capex (2.24) (3.53) (0.13) (0.08) (0.11) (0.07) (0.40) (0.19) (0.21) (0.56) (0.76) (14.2%)
Free cash flow (1.42) (2.77) (0.11) (0.24) (0.05) 0.57 0.43 0.42 0.11 0.37 (0.17) n/m
Book value (0.51) (2.41) (3.36) (4.94) (7.79) (3.10) (0.83) 0.31 0.54 0.76 0.89 n/m
Shares, m 79 79 80 81 82 103 123 130 129 134 135 +6.0%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 9.95 19.55 8.72 75.96 44.09 2,290.00 15.8
P/S 1.26 1.29 0.82 0.89 2.98 4.43 4.53 3.19 2.34 0.68 0.35 2.2
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31.13 15.00 6.16 2.59 5.2
EV/Sales 1.85 2.14 3.59 2.52 5.70 6.39 5.83 4.33 4.12 1.47 1.18 3.8
EV/FCF (9.85) (6.80) (118.99) (75.53) (343.21) 36.34 44.00 31.40 127.53 27.04 (46.71) (28.8)
Cash, $m
Cash, $m Operating cash flow 65 60 2 (13) 5 67 103 79 41 124 80 +7.5%
Capex (177) (280) (11) (6) (9) (8) (50) (24) (27) (75) (103) (9.1%)
Free cash flow (112) (220) (9) (19) (4) 59 53 55 14 49 (23) n/m
Balance, $m
Balance, $m Working capital 354 277 286 172 74 61 240 243 141 163 174 (8.3%)
Net debt 348 594 802 939 734 658 522 456 792 711 753 +8.3%
Shareholders’ equity (40) (192) (269) (399) (641) (320) (102) 41 69 101 121 n/m
Returns, %
Returns, % ROA (11.06) (12.98) (12.15) (11.78) (26.48) 23.12 13.08 18.91 1.37 1.02 (0.07) +12.1 pt
ROIC (5.42) (9.99) 9.65 11.17 51.58 22.28 21.17 15.63 3.72 8.78 7.46 +14.2 pt
ROE (965.08) 148.30 70.40 43.74 48.08 (31.78) (43.63) (476.51) 24.98 15.16 (0.76) +980.2 pt
People
People Employees 1,183 1,244 1,153 1,115 349 376 422 457 790 680 — (6.0%)
Revenue/emp, $m 0.50 0.56 0.25 0.28 0.77 0.89 0.96 0.87 0.56 1.34 — +11.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Gogo Inc. vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GLIBK GCI Liberty, Inc. - Series C GCI Group $988.0M 12.3× — +3.89% (above 0%: growing) n/m −90.48% (below 0%: shrinking) 49.06% 13.48% Compare
SHEN Shenandoah Telecommunications Co $538.2M — (loss-making) — (loss-making) +4.61% (above 0%: growing) n/m +20.25% (above 0%: growing) 64.96% (2.10%) Compare
ATNI ATN International, Inc. $409.6M 2.6× 2.1× +1.77% (above 0%: growing) n/m +71.51% (above 0%: growing) 56.94% 129.93% Compare
GOGO Gogo Inc. $306.9M 2,290× 52.4× −1.43% (below 0%: shrinking) n/m −34.40% (below 0%: shrinking) 42.01% 13.31%
CCOI Cogent Communications Holdings, Inc. $240.2M — (loss-making) — (loss-making) −4.44% (below 0%: shrinking) n/m +111.41% (above 0%: growing) 47.51% (3.00%) Compare
OPTU Optimum Communications, Inc. $217.2M — (loss-making) — (loss-making) −5.75% (below 0%: shrinking) n/m −359.11% (below 0%: shrinking) 70.96% 8.21% Compare
RDCM Radcom Ltd. $169.2M 23.2× — (loss-making) −33.40% (below 0%: shrinking) n/m +3,354.69% (above 0%: growing) 75.08% (31.95%) Compare
CXDO Crexendo Inc. $165.5M 40.0× 80.8× +43.92% (above 0%: growing) −32.80% (below 0%: shrinking) +10.64% (above 0%: growing) 65.94% 4.30% Compare
KVHI KVH Industries, Inc. $109.6M 205× 46.4× +35.13% (above 0%: growing) n/m −71.60% (below 0%: shrinking) 0.00% (3.23%) Compare
Median of peers $228.7M 23.2× 46.4× +2.83% — +15.45% 60.95% 1.10%

All 55 Telecom Services stocks →

Pay and ownership Proxy statement filed 16 April 2026

Ownership

Directors and executive officers, together 25.60%
Oakleigh Thorne and affiliated entities1,3,4 21.70%
Entities affiliated with GTCR2 17.20%
BlackRock, Inc.5 7.60%
Nantahala Capital Management, LLC6 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Gogo Inc. (GOGO) Latest News

29 Oct

Impact 4 · · GlobeNewswire

27 Oct

Impact 4 · · GlobeNewswire

26 Oct

Impact 3 · · GlobeNewswire

19 Oct

Impact 4 · · GlobeNewswire

15 Oct

Impact 4 · · GlobeNewswire

13 Oct

Impact 4 · · GlobeNewswire

8 Oct

Impact 3 · · InvestorsHub
Impact 3 · · GlobeNewswire

1 Oct

Impact 3 · · GlobeNewswire

24 Sep

Impact 4 · · Benzinga

22 Sep

Impact 4 · · GlobeNewswire

6 Aug

Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

5 Aug

Impact 3 ·

14 Jul

Impact 4 ·

16 Jun

Impact 3 ·

15 May

Impact 3 · · Simply Wall St.

8 May

Impact 4 · · Moby

7 May

Impact 4 · · Zacks
Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

20 Apr

Impact 4 ·

6 Apr

Impact 4 · · Simply Wall St.

22 Mar

Impact 4 · · Simply Wall St.

1 Mar

Impact 4 · · Insider MonkeyZacksZacksGuruFocus.com

27 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
stockrow.com/GOGO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com