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Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. The company offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. It offers voice and data, in-flight entertainment, and other services. In addition, the company's infrastructure includes networks, towers, cyber security software and data centers to support in-flight connectivity services, as well as in the provision of telecommunications services. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $910M | $161M | $13M | $49M | 12.8% | 104.7% | -6.0% |
| 2024 | $445M | $94M | $14M | $14M | 19.8% | 11.9% | -90.6% |
| 2023 | $398M | $172M | $146M | $55M | 357.7% | -1.6% | 58.2% |
| 2022 | $404M | $162M | $92M | $53M | -90.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 404.07 | 397.58 | 444.71 | 910.49 |
| Cost Of Revenue | - | 135.90 | 132.95 | 166.60 | 507.40 |
| Gross Profit | - | 268.17 | 264.63 | 278.11 | 403.09 |
| Operating Expense | - | 125.84 | 140.46 | 226.84 | 289 |
| Operating Income | - | 142.33 | 124.16 | 51.27 | 114.08 |
| EBITDA | - | 162.44 | 172.04 | 93.95 | 161.01 |
| EBIT | - | 149.86 | 155.34 | 74.98 | 100.74 |
| Pretax Income | - | 105.72 | 97.60 | 18.13 | 26.81 |
| Tax Provision | - | 13.66 | -48.08 | 4.39 | 13.89 |
| Net Income | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income Common Stockholders | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Total Expenses | - | 261.74 | 273.41 | 393.44 | 796.41 |
| Interest Expense | - | 44.14 | 57.74 | 56.85 | 73.92 |
| Interest Income | - | 10.72 | 34.47 | 29.26 | 13.88 |
| Research And Development | - | 29.59 | 36.68 | 44.77 | 56.14 |
| Selling General And Administration | - | 83.67 | 87.08 | 163.09 | 172.58 |
| Normalized EBITDA | - | 162.44 | 174.26 | 93.95 | 172.82 |
| Normalized Income | - | 92.06 | 147.43 | 13.75 | 22.24 |
| Market Cap | 546.36 | 546.36 | 546.36 | 546.36 | 546.36 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gogo Inc.this co. | GOGO | $522M | 42.28↑ premium | 5.40 | 12.8% | 8.24 |
| Shutterstock, Inc. | SSTK | $617M | 13.66 | 1.07 | 7.8% | 4.02 |
| NXDR | NXDR | $600M | - | 1.44 | -12.6% | -3.74 |
| The Marcus Corporation | MCS | $583M | 46.29 | 1.27 | 2.8% | 9.95 |
| Gray Media, Inc. | GTN | $568M | - | 0.25 |
| - |
| - |
| - |
| - |
| -3.0% |
| 10.25 |
| EverQuote, Inc. | EVER | $557M | 5.99 | 2.40 | 41.7% | 5.91 |
| Groupon, Inc. | GRPN | $552M | - | -13.63 | 197.0% | 41.82 |
| MediaAlpha, Inc. | MAX | $552M | 25.64 | 135.14 | -87.8% | 7.84 |
| Advantage Solutions Inc. | ADV | $434M | - | 0.78 | -41.1% | 6.68 |
| Peer Median | - | 19.65 | 1.17 | -0.1% | 7.26 | |