Gogo Inc. (GOGO) Stock Analysis
Communication Services · Telecom Services · NasdaqGS
Gogo Inc. (GOGO) posted $910.49M in revenue for fiscal 2025 (up 104.7% year over year), at a 1.4% net margin, and has compounded revenue about 27.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Gogo Inc.
Gogo Inc. has grown revenue from $596.55M to $910.49M over the last 10 fiscal years, compounding about 27.5% a year. The most recent year was up 104.7%, so growth is actually accelerating.
Net margin sits at 1.4%, down 1.7 points year over year. It carries about $833.58M of total debt.
At today's valuation the market is pricing in roughly -6.8% annual free-cash-flow growth — versus the 89.1% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Gogo Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Gogo Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $596.55M | $699.09M | $290.15M | $308.99M | $269.72M | $335.72M | $404.07M | $397.58M | $444.71M | $910.49M |
| Gross profit | — | — | — | — | — | — | — | — | $377.15M | — |
| Net income | $-124.50M | $-172.00M | $-162.03M | $-146.00M | $-250.04M | $152.74M | $92.06M | $145.68M | $13.75M | $12.92M |
| Net margin | -20.9% | -24.6% | -55.8% | -47.3% | -92.7% | 45.5% | 22.8% | 36.6% | 3.1% | 1.4% |
Source: Gogo Inc. SEC filings (10-K). 15 years of history available in the interactive view.
Gogo Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 21.4% over 4 years (110.8M → 134.5M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $838.6M is 6.7× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 22.8% to 1.4% over ~3 years — profitability is compressing.
What growth is priced into GOGO stock?
At today's market cap of $463.19M, Gogo Inc. is priced for free-cash-flow growth of about -6.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $65.11M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 89.1%/yr over the last five fiscal years and revenue 27.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 15 years of Gogo Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Gogo Inc. financial history by metric
Compare Gogo Inc. with peers
About Gogo Inc.
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.
Gogo Inc. — frequently asked questions
What is Gogo Inc.'s revenue?
Gogo Inc. (GOGO) reported revenue of $910.49M for fiscal year 2025, up 104.7% from the prior year, according to its SEC filings.
Is Gogo Inc. profitable?
Yes. GOGO earned net income of $12.92M in fiscal 2025, a net margin of 1.4%.
What is GOGO's P/E ratio?
Gogo Inc. trades at a price-to-earnings ratio of about 34.3 based on the latest data in our nightly-refreshed cache.
How fast is Gogo Inc. growing?
GOGO's revenue grew at roughly 27.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Gogo Inc. have?
As of fiscal year 2025, GOGO carried roughly $833.58M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Gogo Inc.'s market cap?
Gogo Inc. (GOGO) has a market capitalization of about $463.19M, based on the latest data in our nightly-refreshed cache.
When does Gogo Inc.'s fiscal year end?
GOGO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into GOGO stock?
At today's market cap of $463.19M, Gogo Inc. is priced for free-cash-flow growth of about -6.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $65.11M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 89.1%/yr over the last five fiscal years and revenue 27.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Gogo Inc.'s official SEC filings (10-K and 10-Q), covering 15 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.