10-K · February 27, 2026
Gogo’s 2025 10-K emphasizes a strategy to be a multi-orbit, multi-band satellite integrator driven by the commercial launch of Gogo Galileo (Q1 2025), the addition of Gogo 5G (launched Q4 2025) and the Dec 3, 2024…
Earnings analysis · 10-Q
GOGO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Gogo reported Q1 2026 revenues of $226.3 million, slightly down 1.7% from Q1 2025, while EPS of $0.10 surpassed expectations by 25%. The segment performance showed a strong 21.7% growth in equipment revenue, although…
Read full summary
Gogo reported Q1 2026 revenues of $226.3 million, slightly down 1.7% from Q1 2025, while EPS of $0.10 surpassed expectations by 25%. The segment performance showed a strong 21.7% growth in equipment revenue, although service revenues declined by 5.5%. Management anticipates revenue growth from new product offerings, with an optimistic outlook for equipment sales.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.1
- Operating margin
- 14.0%
What stood out
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EPS Surpassed Expectations
Reported EPS of $0.10 beat estimates by 25%.
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Equipment Revenue Surge
Equipment revenue rose 21.7% year-over-year to $38.6 million.
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Operating Income Stable
Operating income slightly decreased to $31.7 million from $35.2 million year-over-year.
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Cash Balance Improvement
Cash and cash equivalents at period end improved to $104.0 million, up from $70.8 million year-over-year.
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Debt Reduction Actions
Gogo prepaid $100 million of its outstanding term debt in May 2023.
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Forward-Looking Revenue Guidance
Management reaffirmed FY 2026 revenue guidance of $905 million to $945 million.
What to watch
-
Decline in Service Revenue
Service revenue fell 5.5% to $187.7 million due to a decrease in ATG units.
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Negative Operating Cash Flow
Operating cash flow was negative at ($7.2 million), compared to $32.5 million in the prior year.
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Weak Internal Controls
A material weakness in internal controls remains unremediated, potentially impacting financial reporting.
Management's outlook
Management reaffirmed revenue guidance for FY 2026 of $905M to $945M.
Earlier filings 4
10-Q · November 6, 2025
Gogo Inc. reported Q3 2025 results with a total revenue of $223.6 million, which was an increase from $101 million in Q3 2024 but a slight decrease from Q2 2025's $226 million. However, the company faced a net loss of…
10-Q · May 9, 2025
Gogo reported Q1 revenue of $230.3M, driven by the Dec 3, 2024 Satcom Direct acquisition; service revenue totaled $198.6M and equipment $31.7M. Operating income was $35.2M (15.3% margin) but net income fell to $12.0M…
10-Q · August 7, 2024
Gogo reported total revenue of $102.06M for Q2 2024, roughly flat versus $103.22M a year ago, with service revenue up to $81.93M and equipment revenue down to $20.13M. Operating income declined to $21.68M (21.2% margin)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.