Gogo Inc (GOGO) Income Statement
GOGO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGOGO revenue and net income
Where GOGO's revenue goes
2025Each bar shows an amount and its share of revenue. GOGO kept 1.4% of revenue as net income.
GOGO profit margins
GOGO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +104.7% | +31.1% | +27.5% | +6.2% |
| Gross profit | +93.4% | +26.1% | +23.7% | +7.0% |
| Operating income | +122.5% | −7.1% | +8.4% | — |
| Net income | −6.0% | −48.0% | — | — |
| EPS (diluted) | −25.0% | −25.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GOGO quarterly EPS vs estimates
Gogo beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.02).
GOGO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $910.5M | $444.7M | $397.6M | $404.1M | $335.7M | $269.7M | $309.0M | $893.8M | $699.1M | $596.5M |
| Cost of revenue | $372.7M | $166.6M | $133.0M | $135.9M | $102.2M | $84.4M | $93.9M | $513.9M | $326.9M | $274.7M |
| Gross profit | $537.8M | $278.1M | $264.6M | $268.2M | $233.5M | $185.3M | $215.1M | $379.9M | $372.2M | $321.8M |
| Research & development | $56.1M | $44.8M | $36.7M | $29.6M | $24.9M | $25.2M | $26.0M | $120.1M | $133.3M | $96.7M |
| Sales, general & admin | $172.6M | $109.6M | $87.1M | $83.7M | $72.5M | $69.6M | $75.9M | $153.1M | $157.7M | $146.1M |
| Total operating expenses | $423.7M | $226.8M | $140.5M | $125.8M | $112.9M | $109.0M | $118.6M | $406.8M | $436.5M | $348.5M |
| Operating income | $114.1M | $51.3M | $124.2M | $142.3M | $120.6M | $76.4M | $96.5M | −$26.9M | −$64.3M | −$26.6M |
| Interest income | $13.9M | $29.3M | $32.6M | $2.4M | $191,000 | $722,000 | $5.2M | $7.1M | $4.2M | $1.6M |
| Interest expense | $68.2M | $38.4M | $33.1M | $38.9M | $67.5M | $125.8M | $130.6M | $122.8M | $111.9M | $83.6M |
| Income before taxes | $26.8M | $18.1M | $97.6M | $105.7M | −$30.6M | −$48.7M | −$87.9M | −$165.3M | −$174.0M | −$123.2M |
| Income taxes | $13.9M | $4.4M | −$48.1M | $13.7M | −$187.2M | −$146,000 | $563,000 | −$3.3M | −$2.0M | $1.3M |
| Net income | $12.9M | $13.7M | $145.7M | $92.1M | $152.7M | −$250.0M | −$146.0M | −$162.0M | −$172.0M | −$124.5M |
| EBITDA | $155.3M | $75.5M | $147.4M | $157.2M | $52.3M | $85.4M | $55.0M | $91.1M | $83.4M | $66.1M |
| EPS (diluted) | $0.30 | $0.40 | $0.63 | $0.71 | $1.87 | −$1.53 | −$1.13 | −$2.02 | −$2.11 | −$1.38 |
| Gross margin | 59.1% | 62.5% | 66.6% | 66.4% | 69.6% | 68.7% | 69.6% | 42.5% | 53.2% | 53.9% |
| Operating margin | 12.5% | 11.5% | 31.2% | 35.2% | 35.9% | 28.3% | 31.2% | −3.0% | −9.2% | −4.5% |
| Net margin | 1.4% | 3.1% | 36.6% | 22.8% | 45.5% | −92.7% | −47.3% | −18.1% | −24.6% | −20.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222.8M | $226.3M | $230.6M | $223.6M | $226.0M | $230.3M | $137.8M | $100.5M | $102.1M | $104.3M | $97.8M | $97.9M |
| Cost of revenue | $129.2M | $148.4M | $68.0M | $91.6M | $119.1M | $94.0M | $63.4M | $34.2M | $35.3M | $33.7M | $37.9M | $30.4M |
| Gross profit | $93.6M | $77.9M | $162.5M | $132.0M | $107.0M | $136.3M | $74.4M | $66.3M | $66.8M | $70.7M | $59.9M | $67.5M |
| Research & development | $9.7M | $6.5M | $14.1M | $15.7M | $12.5M | $13.9M | $15.5M | $9.8M | $10.3M | $9.2M | $10.4M | $9.2M |
| Sales, general & admin | $37.3M | $26.2M | $44.2M | $41.3M | $43.4M | $43.7M | $75.8M | $33.5M | $30.9M | $22.9M | $24.6M | $20.4M |
| Total operating expenses | $64.0M | $44.4M | $148.3M | $103.2M | $71.0M | $101.1M | $98.5M | $47.2M | $45.1M | $36.0M | $35.0M | $34.2M |
| Operating income | $29.6M | $33.5M | $14.2M | $28.7M | $36.0M | $35.2M | −$24.2M | $19.1M | $21.7M | $34.7M | $24.9M | $33.3M |
| Interest income | $1.8M | $2.2M | $2.7M | $3.5M | $4.2M | $3.5M | $5.1M | $7.1M | $8.6M | $8.5M | $8.5M | $1.6M |
| Interest expense | $17.6M | $16.8M | $17.6M | $17.7M | $16.4M | $16.6M | $12.2M | $9.7M | $8.1M | $8.4M | $8.2M | $8.0M |
| Income before taxes | $6.8M | $21.0M | −$8.6M | −$563,000 | $17.0M | $19.0M | −$36.4M | $12.2M | $971,000 | $41.4M | $19.1M | $27.6M |
| Income taxes | $8.8M | $7.9M | $1.4M | $1.4M | $4.2M | $6.9M | −$8.2M | $1.5M | $132,000 | $10.9M | $4.6M | $6.7M |
| Net income | −$2.0M | $13.1M | −$10.0M | −$1.9M | $12.8M | $12.0M | −$28.2M | $10.6M | $839,000 | $30.5M | $14.5M | $20.9M |
| EBITDA | $41.4M | $53.0M | $24.8M | $32.3M | $50.6M | $49.7M | −$14.3M | $29.9M | $18.8M | $59.5M | $32.0M | $46.4M |
| EPS (diluted) | $0.03 | $0.08 | −$0.07 | $0.12 | $0.13 | $0.12 | $0.06 | $0.08 | $0.10 | $0.16 | $0.11 | $0.16 |
| Gross margin | 42.0% | 34.4% | 70.5% | 59.0% | 47.3% | 59.2% | 54.0% | 66.0% | 65.4% | 67.7% | 61.2% | 68.9% |
| Operating margin | 13.3% | 14.8% | 6.2% | 12.9% | 15.9% | 15.3% | −17.5% | 19.0% | 21.2% | 33.2% | 25.4% | 34.0% |
| Net margin | −0.9% | 5.8% | −4.3% | −0.9% | 5.7% | 5.2% | −20.5% | 10.6% | 0.8% | 29.2% | 14.8% | 21.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GOGO's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GOGO financial results
In fiscal year 2025 (ended December 31, 2025), Gogo reported revenue of $910.5 million, up 104.7% from the year before. It had net income of $12.9 million (down 6.0%), a net profit margin of 1.4%. Diluted earnings per share came to $0.30. Over five years revenue grew at an average rate of 27.5% a year.
See the GOGO stock overview for the latest quote and news, or the GOGO chart for price history and technical indicators.
GOGO income statement FAQ
What is Gogo's annual revenue?
Gogo reported total revenue of $910.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 104.7% from $444.7 million the previous year.
Is Gogo profitable?
Yes. Gogo reported net income of $12.9 million in fiscal 2025, a net profit margin of 1.4%; its operating margin was 12.5%.
What is Gogo's gross margin?
Gogo's gross margin was 59.1% in fiscal 2025: for every $100 of revenue, Gogo kept $59 after the direct cost of its products and services.
How much does Gogo spend on research and development?
Gogo spent $56.1 million on research and development in fiscal 2025, 6.2% of revenue.
How fast is Gogo growing?
Revenue grew 27.5% a year on average over the last five fiscal years, from $269.7 million to $910.5 million.
What are Gogo's earnings per share?
Gogo earned $0.30 per diluted share in fiscal 2025, compared with $0.40 a year earlier.
When will Gogo report its next earnings?
Gogo is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Gogo's fiscal year end?
Gogo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.