# Gogo Inc. (GOGO)

**Exchange:** NASDAQ  
**Sector:** Communication Services  
**Market cap:** $497,198.52  
**Price:** $3.64 (+7.06%)

> Gogo Inc. is a leading provider of broadband connectivity services tailored for the business aviation market. It delivers innovative in-flight internet solutions through a multi-orbit, multi-band platform that combines air-to-ground systems with high-speed satellite networks, ensuring consistent global coverage from tip-to-tail for aircraft of all sizes, including small jets to large heavy jets. The company offers a comprehensive portfolio of products, including customizable smart cabin systems for integrated connectivity, in-flight entertainment, voice services, and data applications. Service revenue stems from monthly subscriptions and usage fees, while equipment revenue comes from sales of ATG and narrowband satellite connectivity hardware to OEMs and dealers. Through its SD Government segment, Gogo provides secure, end-to-end satellite connectivity for military and government aviation, supporting voice, video, and data needs. Following its 2024 partnership with Satcom Direct, Gogo enhances its offerings with advanced cybersecurity, 24/7 customer support, and operational efficiencies for business aircraft operators worldwide. Founded in 1991 and headquartered in Broomfield, Colorado, Gogo serves as a key enabler of inflight productivity and communication in the aviation sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $910M | — | $114M | $13M | $0.09 |
| 2024 | $445M | $377M | $51M | $14M | $0.10 |
| 2023 | $398M | — | $124M | $146M | $1.09 |
| 2022 | $404M | — | $142M | $92M | $0.71 |
| 2021 | $336M | — | $121M | $153M | $1.28 |
| 2020 | $270M | — | $76M | -$250M | $-3.04 |
| 2019 | $309M | — | $97M | -$146M | $-1.81 |
| 2018 | $290M | — | $82M | -$162M | — |
| 2017 | $699M | — | -$64M | -$172M | — |
| 2016 | $597M | — | -$27M | -$125M | — |
| 2015 | $501M | — | -$45M | -$108M | — |
| 2014 | $408M | — | -$51M | -$85M | — |
| 2013 | $328M | — | -$45M | -$111M | — |
| 2012 | $234M | — | -$27M | -$33M | — |
| 2011 | $160M | — | -$34M | $24M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.30B | $1.20B | $101M | $125M | $834M |
| 2024 | $1.23B | $1.16B | $69M | $42M | $832M |
| 2023 | $782M | $741M | $41M | $139M | $588M |
| 2022 | $760M | $861M | -$102M | $151M | $711M |
| 2021 | $648M | $968M | -$320M | $42M | $821M |
| 2020 | $674M | $1.31B | -$641M | $435M | $1.19B |
| 2019 | $1.21B | $1.61B | -$399M | $170M | $1.13B |
| 2018 | $1.27B | $1.53B | -$269M | $184M | $1.04B |
| 2017 | $1.40B | $1.59B | -$192M | $196M | $1.02B |
| 2016 | $1.25B | $1.29B | -$40M | $117M | $817M |
| 2015 | $1.00B | $938M | $66M | $147M | $576M |
| 2014 | $756M | $559M | $198M | $131M | $310M |
| 2013 | $689M | $419M | $270M | $266M | $236M |
| 2012 | $432M | $264M | -$446M | $113M | $131M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $124M | $59M | $65M |
| 2024 | $41M | $14M | $28M |
| 2023 | $79M | $16M | $63M |
| 2022 | $103M | $44M | $59M |
| 2019 | $64M | $1M | $63M |
| 2018 | -$82M | $3M | -$85M |
| 2017 | $60M | $252M | -$192M |
| 2016 | $65M | $148M | -$83M |
| 2013 | $18M | $105M | -$87M |
| 2012 | $30M | $67M | -$37M |
| 2011 | $10M | $33M | -$23M |

Source: [CompaniesByCap](https://companiesbycap.com/company/GOGO)