Gogoro Inc. (GGR) AI Stock Analysis

NASDAQ: GGRAI research summary: business, growth, valuation, analysts, bull and bear case.

GGR AI stock analysis summary

AI Research

Gogoro Inc. is a Taiwan-based manufacturer of two-wheeled electric vehicles and battery swapping infrastructure. The company generated $281.5M in revenue in FY2025 with a net income of -$80.0M, reflecting continued annual losses. For the latest quarter ended June 30, 2026, quarterly revenue increased 7.3% year-over-year, while total debt stood at $355.3M.

Market cap
$64.2M
Revenue (TTM)
$285.6M
P/E
—
1Y return
-30.7%
S&P 500 16.8%
Avg. target
$0.50
-84.4% vs last close

Bull case

  • Quarterly revenue growth turned positive in the quarter ended June 30, 2026, rising 7.3% year-over-year.
  • Gogoro trades at a price-to-sales ratio of 0.2x and an EV-to-EBITDA ratio of 6.3x, both lower than its US-listed Consumer Cyclical peer medians of 0.7x and 11.1x.
  • Analyst estimates anticipate revenue expansion of 6.1% to $313.5M in the next fiscal year alongside an EPS improvement to -$0.96.

Bear case

  • The company carries significant leverage with total debt of $355.3M against cash and short-term investments of $68.8M, resulting in a current ratio of 0.69.
  • Gogoro has generated persistent annual losses, including net income of -$80.0M in FY2025 and -$122.8M in FY2024.
  • The sole covering analyst has a mean price target of $0.50, indicating an 84.4% discount from the stock's closing price of $3.20.

What Gogoro does

Gogoro Inc. specializes in manufacturing two-wheeled electric vehicles, particularly electric scooters equipped with cloud connectivity and electric powertrains. The company pairs these vehicles with a swappable battery infrastructure network that uses mobile applications to gather, analyze, and share riding data while optimizing energy use. Through strategically placed battery vending machines across cities, Gogoro provides portable power to address battery life and charging times. In addition, the Taoyuan City-headquartered company maintains a strategic partnership with Foxconn Electronics Inc. to scale production capabilities and advance technology for urban mobility.

Growth and profitability

Gogoro's revenue expanded to $382.8M in FY2022 before dropping to $349.8M in FY2023, $310.6M in FY2024, and $281.5M in FY2025, yielding a 5-year revenue CAGR of -5.0%. Net income remained negative across this period, recording -$67.4M in FY2021, -$98.9M in FY2022, -$76.0M in FY2023, -$122.8M in FY2024, and -$80.0M in FY2025. Gross margin rebounded to 8.2% in FY2025 from 2.6% in FY2024, though operating margin was -20.1%. Over the trailing twelve months, revenue reached $285.6M with a profit margin of -16.7% and an operating margin of -4.4%. For the latest quarter ended June 30, 2026, quarterly revenue grew 7.3% year-over-year.

GGR income statement →

Balance sheet and cash flow

As of June 30, 2026, Gogoro held $68.8M in cash and short-term investments against total debt of $355.3M, resulting in net debt of $286.4M. The company's balance sheet reflects a debt-to-equity ratio of 3.16 and a current ratio of 0.69 against shareholders' equity of $112.3M and total assets of $575.5M. In FY2025, operating cash flow generated $31.1M, but capital expenditures of $60.9M led to free cash flow of -$29.7M. Over five years, the share count changed by -89.6%.

GGR balance sheet →

Valuation and performance

At a last close of $3.20 on October 16, 2026, Gogoro carried a market cap of $64.2M and an enterprise value of $345.1M. The stock trades at a price-to-sales multiple of 0.2x, lower than the median of 0.7x for its US-listed Consumer Cyclical peers. Its EV-to-EBITDA ratio of 6.3x also sits below the peer median of 11.1x, while its price-to-book multiple is 0.5x. Over the past year, Gogoro declined 30.7% compared to a 16.8% gain for the S&P 500. Over five years, the stock dropped 98.4%, while the S&P 500 rose 83.0%.

GGR key metrics →

What analysts expect

Gogoro is covered by 1 analyst who maintains a Hold rating with a mean price target of $0.50, representing an 84.4% discount to the last close of $3.20. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$1.31 and revenue of $295.5M. For the next fiscal year, 1 analyst projects revenue of $313.5M, representing 6.1% growth, and an EPS of -$0.96. Over the last four quarters, Gogoro beat EPS estimates 2 times. The next earnings date is November 10, 2026.

GGR forecast and price target →

Key risks and what to watch

  • A debt-to-equity ratio of 3.16 and a current ratio of 0.69 highlight potential balance sheet liquidity strains.
  • Annual revenue fell from $382.8M in FY2022 to $281.5M in FY2025, marking an annualized five-year revenue CAGR of -5.0%.
  • Free cash flow remained negative at -$29.7M in FY2025 due to capital expenditures of $60.9M exceeding operating cash flow of $31.1M.
  • The stock has demonstrated long-term underperformance, falling 98.4% over five years compared to an 83.0% gain for the S&P 500.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this GGR AI stock analysis

This page is an AI-written research summary of Gogoro Inc. (GGR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: GGR income statement, GGR balance sheet, GGR key metrics, GGR analyst forecast, GGR chart. See the GGR stock overview for the latest quote and news.

GGR AI stock analysis FAQ

What does Gogoro Inc. do?

Gogoro Inc. manufactures two-wheeled electric scooters equipped with cloud connectivity and swappable battery systems. It also operates an urban battery swapping infrastructure network and partners with Foxconn Electronics Inc.

Does Gogoro pay a dividend?

Gogoro does not pay a dividend. In FY2025, the company generated free cash flow of -$29.7M.

What is Gogoro's debt position?

As of June 30, 2026, Gogoro held $355.3M in total debt and $68.8M in cash and short-term investments, resulting in net debt of $286.4M and a current ratio of 0.69.

When does Gogoro report earnings next?

Gogoro's next earnings date is scheduled for November 10, 2026.

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