Loading…
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 |
| Operating 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 |
| Research And Development | - | 29.59 | 36.68 | 44.77 | 56.14 |
| Selling General And Administration | - | 83.67 | 87.08 | 163.09 | 172.58 |
| Total Expenses | - | 261.74 | 273.41 | 393.44 | 796.41 |
| Operating Income | - | 142.33 | 124.16 | 51.27 | 114.08 |
| Total Operating Income As Reported | - | 142.33 | 124.16 | 51.27 | 114.08 |
| EBITDA | - | 162.44 | 172.04 | 93.95 | 161.01 |
| Normalized EBITDA | - | 162.44 | 174.26 | 93.95 | 172.82 |
| EBIT | - | 149.86 | 155.34 | 74.98 | 100.74 |
| Interest Income | - | 10.72 | 34.47 | 29.26 | 13.88 |
| Interest Expense | - | 44.14 | 57.74 | 56.85 | 73.92 |
| Net Interest Income | - | -36.49 | -25.65 | -30.10 | -63.54 |
| Other Non Operating Income Expenses | - | -0.12 | 1.32 | -3.04 | -11.93 |
| Other Income Expense | - | -0.12 | -0.91 | -3.04 | -23.73 |
| Interest Income Non Operating | - | 10.72 | 34.47 | 29.26 | 13.88 |
| Interest Expense Non Operating | - | 44.14 | 57.74 | 56.85 | 73.92 |
| Net Non Operating Interest Income Expense | - | -36.49 | -25.65 | -30.10 | -63.54 |
| Pretax Income | - | 105.72 | 97.60 | 18.13 | 26.81 |
| Tax Provision | - | 13.66 | -48.08 | 4.39 | 13.89 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.47 | 0 | -2.48 |
| Net Income Continuous Operations | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income From Continuing And Discontinued Operation | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income From Continuing Operation Net Minority Interest | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income Common Stockholders | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Net Income Including Noncontrolling Interests | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Normalized Income | - | 92.06 | 147.43 | 13.75 | 22.24 |
| Diluted NI Availto Com Stockholders | - | 92.06 | 145.68 | 13.75 | 12.92 |
| Basic Average Shares | - | 123.27 | 129.75 | 128.53 | 133.71 |
| Diluted Average Shares | - | 133.92 | 133.28 | 131.46 | 136.59 |
| Reconciled Depreciation | - | 12.58 | 16.70 | 18.97 | 60.28 |
| Reconciled Cost Of Revenue | - | 135.90 | 132.95 | 166.60 | 507.40 |
| Total Unusual Items | - | 0 | -2.22 | 0 | -11.80 |
| Total Unusual Items Excluding Goodwill | - | 0 | -2.22 | 0 | -11.80 |
| Net Income Discontinuous Operations | -3.85 | 0 | 0 | - | - |
| Special Income Charges | - | 0 | -2.22 | 0 | -11.80 |
| Other Special Charges | 83.96 | - | 2.22 | - | - |
| Restructuring And Mergern Acquisition | - | - | 0 | 0 | 11.80 |
| Depreciation Amortization Depletion Income Statement | - | 12.58 | 16.70 | 18.97 | 60.28 |
| Depreciation And Amortization In Income Statement | - | 12.58 | 16.70 | 18.97 | 60.28 |
| General And Administrative Expense | - | 58.20 | 57.28 | 125.07 | 116.74 |
| Other Gand A | - | 58.20 | 57.28 | 125.07 | 116.74 |
| Total Other Finance Cost | - | 3.06 | 2.38 | 2.51 | 3.49 |
| Selling And Marketing Expense | - | 25.47 | 29.80 | 38.02 | 55.84 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gogo Inc.this co. | GOGO | $557M | 43.12↑ premium | 5.51 | 12.8% | 8.31 |
| iHeartMedia, Inc. | IHRT | $636M | -1.35 | -0.35 | 25.8% | 21.30 |
| The Marcus Corporation | MCS | $618M | 48.69 | 1.35 | 2.8% | 10.29 |
| NerdWallet, Inc. | NRDS | $536M | 11.00 | 1.43 | 13.0% | 3.93 |
| Cars.com Inc. | CARS | $522M | 26.04 | 1.10 |
| - |
| - |
| - |
| - |
| 4.2% |
| 5.86 |
| Advantage Solutions Inc. | ADV | $509M | - | 0.92 | -41.1% | 26.01 |
| Shutterstock, Inc. | SSTK | $485M | 10.65 | 0.83 | 7.8% | 3.27 |
| Nexxen International Ltd. | NEXN | $477M | 19.05 | 1.00 | 5.3% | 3.66 |
| Starz Entertainment Corp. | STRZ | $470M | -2.23 | 0.61 | -27.6% | 1.81 |
| Peer Median | - | 11.00 | 0.96 | 4.8% | 4.89 | |