Gogo (GOGO)
Market Price (4/14/2026): $4.51 | Market Cap: $607.1 MilSector: Communication Services | Industry: Wireless Telecommunication Services
Gogo (GOGO)
Market Price (4/14/2026): $4.51Market Cap: $607.1 MilSector: Communication ServicesIndustry: Wireless Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 105% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% Attractive yieldFCF Yield is 8.1% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Advanced Aviation & Space, and Experience Economy & Premiumization. Themes include Wireless Services, Show more. | Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -137% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129% Key risksGOGO key risks include [1] intense competition from SpaceX's Starlink, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 105% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% |
| Attractive yieldFCF Yield is 8.1% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Advanced Aviation & Space, and Experience Economy & Premiumization. Themes include Wireless Services, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -137% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129% |
| Key risksGOGO key risks include [1] intense competition from SpaceX's Starlink, Show more. |
Qualitative Assessment
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Gogo (GOGO) stock has lost about 5% since 12/31/2025 because of the following key factors:
1. Gogo reported a significant earnings per share (EPS) miss for Q4 2025. The company announced its Q4 2025 earnings on February 27, 2026, posting an EPS of -$0.07, which was a substantial miss compared to the consensus estimate of $0.02 per share. This resulted in a 450% negative surprise in EPS, leading to a negative market reaction despite exceeding revenue expectations with $230.56 million against a forecasted $222.65 million. The stock declined following this announcement, influencing its flat performance in the subsequent period.
2. Analysts maintained a "Hold" consensus rating, suggesting limited immediate upside. Gogo has a consensus "Hold" rating from analysts, with multiple firms reiterating this stance during the period. While the average 12-month price targets from analysts range from $7.50 to $12.25, indicating potential long-term upside from the current price around $4.01-$4.16, the "Hold" recommendation typically implies that analysts expect the stock to perform in line with the broader market without strong catalysts for significant short-term appreciation. This cautious sentiment contributed to the stock remaining largely at its current level.
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1. Gogo reported a significant earnings per share (EPS) miss for Q4 2025. The company announced its Q4 2025 earnings on February 27, 2026, posting an EPS of -$0.07, which was a substantial miss compared to the consensus estimate of $0.02 per share. This resulted in a 450% negative surprise in EPS, leading to a negative market reaction despite exceeding revenue expectations with $230.56 million against a forecasted $222.65 million. The stock declined following this announcement, influencing its flat performance in the subsequent period.
2. Analysts maintained a "Hold" consensus rating, suggesting limited immediate upside. Gogo has a consensus "Hold" rating from analysts, with multiple firms reiterating this stance during the period. While the average 12-month price targets from analysts range from $7.50 to $12.25, indicating potential long-term upside from the current price around $4.01-$4.16, the "Hold" recommendation typically implies that analysts expect the stock to perform in line with the broader market without strong catalysts for significant short-term appreciation. This cautious sentiment contributed to the stock remaining largely at its current level.
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Stock Movement Drivers
Fundamental Drivers
The -3.2% change in GOGO stock from 12/31/2025 to 4/13/2026 was primarily driven by a -13.1% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.66 | 4.51 | -3.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 818 | 910 | 11.3% |
| P/S Multiple | 0.8 | 0.7 | -13.1% |
| Shares Outstanding (Mil) | 135 | 135 | 0.0% |
| Cumulative Contribution | -3.2% |
Market Drivers
12/31/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| GOGO | -3.2% | |
| Market (SPY) | -5.4% | 29.9% |
| Sector (XLC) | -2.5% | 12.3% |
Fundamental Drivers
The -47.5% change in GOGO stock from 9/30/2025 to 4/13/2026 was primarily driven by a -70.3% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.59 | 4.51 | -47.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 695 | 910 | 31.1% |
| Net Income Margin (%) | 1.0% | 1.4% | 35.7% |
| P/E Multiple | 158.0 | 47.0 | -70.3% |
| Shares Outstanding (Mil) | 134 | 135 | -0.7% |
| Cumulative Contribution | -47.5% |
Market Drivers
9/30/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| GOGO | -47.5% | |
| Market (SPY) | -2.9% | 28.9% |
| Sector (XLC) | -2.7% | 17.0% |
Fundamental Drivers
The -47.7% change in GOGO stock from 3/31/2025 to 4/13/2026 was primarily driven by a -54.1% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.62 | 4.51 | -47.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 445 | 910 | 104.7% |
| Net Income Margin (%) | 3.1% | 1.4% | -54.1% |
| P/E Multiple | 80.6 | 47.0 | -41.7% |
| Shares Outstanding (Mil) | 129 | 135 | -4.5% |
| Cumulative Contribution | -47.7% |
Market Drivers
3/31/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| GOGO | -47.7% | |
| Market (SPY) | 16.3% | 36.5% |
| Sector (XLC) | 20.1% | 28.3% |
Fundamental Drivers
The -68.9% change in GOGO stock from 3/31/2023 to 4/13/2026 was primarily driven by a -93.8% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.50 | 4.51 | -68.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 404 | 910 | 125.3% |
| Net Income Margin (%) | 22.8% | 1.4% | -93.8% |
| P/E Multiple | 20.1 | 47.0 | 133.4% |
| Shares Outstanding (Mil) | 128 | 135 | -5.1% |
| Cumulative Contribution | -68.9% |
Market Drivers
3/31/2023 to 4/13/2026| Return | Correlation | |
|---|---|---|
| GOGO | -68.9% | |
| Market (SPY) | 63.3% | 31.7% |
| Sector (XLC) | 104.0% | 22.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GOGO Return | 40% | 9% | -31% | -20% | -42% | -2% | -53% |
| Peers Return | 18% | -3% | -9% | -2% | 139% | 42% | 246% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| GOGO Win Rate | 50% | 50% | 42% | 42% | 50% | 25% | |
| Peers Win Rate | 62% | 48% | 45% | 42% | 55% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GOGO Max Drawdown | -4% | -14% | -34% | -38% | -44% | -16% | |
| Peers Max Drawdown | -6% | -26% | -34% | -30% | -21% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VSAT, HON, RTX, IRDM, SATS. See GOGO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/13/2026 (YTD)
How Low Can It Go
| Event | GOGO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -58.3% | -25.4% |
| % Gain to Breakeven | 139.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -78.1% | -33.9% |
| % Gain to Breakeven | 357.1% | 51.3% |
| Time to Breakeven | 116 days | 148 days |
| 2018 Correction | ||
| % Loss | -79.8% | -19.8% |
| % Gain to Breakeven | 394.2% | 24.7% |
| Time to Breakeven | 760 days | 120 days |
Compare to VSAT, HON, RTX, IRDM, SATS
In The Past
Gogo's stock fell -58.3% during the 2022 Inflation Shock from a high on 4/14/2022. A -58.3% loss requires a 139.8% gain to breakeven.
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About Gogo (GOGO)
Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services. It also offers suite of integrated equipment, network, and internet connectivity products and services, as well as includes suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. In addition, the company portfolio comprises of in-flight network, in-flight systems, in-flight services, aviation partner support, and production operations functions. Further, the company offers satellite-based voice and data services. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado.
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Here are a few brief analogies for Gogo:
- Gogo is like "Comcast for airplanes."
- Gogo is like "Verizon for the skies."
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- Broadband Connectivity Services: Provides high-speed internet access and communication services specifically for the aviation industry.
- Air-to-Ground Network Solutions: Designs, builds, and operates proprietary air-to-ground networks to enable in-flight connectivity.
- In-flight Systems & Hardware: Engineers and maintains proprietary hardware and software systems installed within aircraft for connectivity and entertainment.
- Wireless Entertainment Services: Delivers customizable in-flight entertainment options to passengers on connected aircraft.
- Smart Cabin Systems: Offers integrated solutions for connectivity, in-flight entertainment, and voice services within aircraft cabins.
- Satellite-based Voice and Data Services: Provides voice and data communication services leveraging satellite technology for aircraft operations and passenger use.
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Gogo (GOGO) sells primarily to other companies within the aviation industry.
Major Customers:
For its Commercial Aviation (CA-NA and CA-ROW) segments:
- Delta Air Lines (DAL)
- American Airlines (AAL)
- United Airlines (UAL)
For its Business Aviation (BA) segment:
Gogo's customers include Original Equipment Manufacturers (OEMs) of business jets, as well as various business jet operators and management companies. Specific examples of OEMs with whom Gogo partners for installations include:
- Textron Inc. (TXT) (parent company of Cessna and Beechcraft)
- General Dynamics Corporation (GD) (parent company of Gulfstream Aerospace)
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```html- SES S.A. (SESG)
- Intelsat (I)
- Iridium Communications (IRDM)
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Chris Moore Chief Executive Officer Chris Moore was appointed CEO of Gogo in December 2024, joining the company at the close of its acquisition of Satcom Direct. Prior to this, he served as President of Satcom Direct, where he spearheaded the company's growth, increasing annual revenue from $120 million to $490 million, and drove international market expansion. He also led the negotiations for the successful sale of Satcom Direct to Gogo Business Aviation in 2024. Moore has nearly two decades of experience in the global telecommunications and IT business sector. Zachary A. Cotner Executive Vice President, Chief Financial Officer & Treasurer Zachary Cotner joined Gogo as Executive Vice President, Chief Financial Officer, and Treasurer in December 2024, upon the completion of the Satcom Direct acquisition. He previously held the same CFO position at Satcom Direct, where he was instrumental in consolidating EBITDA and doubling the EBITDA margin. Cotner brings over 20 years of experience from various financial institutions, including roles in the investment banking sector. His past experience also includes serving as Vice President of Corporate Development at Erickson Inc. Crystal Gordon Executive Vice President, General Counsel and Chief Administrative Officer Crystal Gordon has more than 20 years of experience in aviation businesses and private practice. She joined Gogo from Bristow Group Inc., where she was Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary. Gordon played a key role in the merger between Bristow Group Inc. and Era Group Inc. Sergio Aguirre President and Chief Operating Officer Sergio Aguirre was promoted to President and Chief Operating Officer of Gogo Inc. in April 2022, having joined the company in 2007. He possesses over 30 years of experience in the aviation industry, with a background spanning roles from A&P mechanic to sales and product development. Before his tenure at Gogo, Aguirre served as Director of OEM and aftermarket sales for Securaplane and was part of the team that introduced the first Ku TV system to the industry at Airshow. Michael Skov Christensen Chief Commercial Officer Michael Skov Christensen is an accomplished executive with extensive experience in business aviation and satellite communications. As Chief Commercial Officer for Gogo and Satcom Direct's Business Aviation division, he is responsible for leading the global commercial strategy and execution, focusing on driving business growth and expanding Gogo's market presence.AI Analysis | Feedback
Gogo Inc. (GOGO) faces several key risks that could impact its business:1. Intensifying Competition, particularly from Starlink
Gogo is experiencing significant competitive pressure, especially from SpaceX's Starlink, which offers superior satellite-based in-flight connectivity services. This competition is a major threat to Gogo's market position, affecting its performance and leading to analyst downgrades. Starlink's Low Earth Orbit (LEO) satellites challenge Gogo's traditional air-to-ground (ATG) model, potentially causing Gogo to lose key accounts.2. Significant Debt Load and Financial Health Concerns
The company has a substantial debt load and is under scrutiny for its financial health. Gogo has a poor financial strength rating, a high debt-to-equity ratio, and significant net debt, which has contributed to credit rating downgrades. This financial leverage poses a near-term risk and could impact its ability to invest in necessary technological advancements.3. Delays and Execution Risks with 5G Rollout and Technology Transitions, and Litigation
Gogo's future competitiveness heavily relies on the successful and timely rollout of its next-generation technologies, including its 5G network and Gogo Galileo LEO satellite service. There have been delays in these deployments, and any further setbacks could impair Gogo's ability to meet customer expectations and effectively compete. Additionally, Gogo is involved in significant legal battles, including a patent infringement lawsuit from SmartSky Networks and a separate antitrust lawsuit seeking over $1 billion in damages, alleging monopolistic practices. These litigations could result in substantial costs and divert management's attention.AI Analysis | Feedback
The emergence and rapid adoption of Low Earth Orbit (LEO) satellite internet providers, such as Starlink and OneWeb, pose a clear threat by offering significantly higher speeds, lower latency, and potentially more cost-effective in-flight connectivity solutions compared to Gogo's traditional air-to-ground and geostationary satellite-based systems.
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Gogo Inc. operates in the in-flight entertainment and connectivity (IFEC) and in-flight internet markets, serving both commercial and business aviation sectors.
Addressable Market Sizes:
- The global in-flight entertainment and connectivity (IFEC) market was valued at approximately USD 5.96 billion in 2022 and is projected to reach USD 11.79 billion by 2030. Other estimates place the global IFEC market at USD 7.46 billion in 2024, with a projection to reach USD 22.50 billion by 2034.
- Specifically, the global in-flight connectivity (IFC) market was valued at US$ 1.9 billion in 2024 and is expected to grow to US$ 4.2 billion by 2034.
- The in-flight internet market globally is projected to grow from USD 4.43 billion in 2025 to USD 9.32 billion by 2035.
Regional Market Sizes (North America):
- North America is a dominant region in the IFEC market, holding over 38.20% of the global market share in 2022 and 33.30% in 2025.
- The in-flight entertainment and connectivity market in North America was valued at USD 3.2 billion in 2025.
- North America is also projected to capture approximately 48% of the global market share for in-flight internet until 2035. It held a revenue share of more than 60% of the in-flight connectivity market.
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Gogo Inc. (GOGO) is anticipated to drive future revenue growth over the next two to three years through several key initiatives:
- Expansion and Adoption of Gogo 5G Network: The company expects significant growth in shipments and activations of its Gogo 5G services in 2026, transitioning it into a global leader in ultra-high-speed inflight connectivity. The 5G network aims to offer transformative broadband with lower installation costs.
- Rollout and Increased Penetration of Gogo Galileo: Gogo is actively deploying its Galileo (HDX and FDX) services, a global multi-orbit in-flight connectivity solution. The company forecasts substantial shipments and installations of Galileo antennas, with a projected pipeline of over 1,000 aircraft and strong international demand.
- Growth in Military and Government Sectors: Gogo is expanding its presence in the military and government aviation markets, securing new contracts and leveraging increased defense spending. This sector offers diversification and stable revenue streams, with the company noting significant year-over-year revenue growth in this area.
- Migration of Legacy Air-to-Ground (ATG) Customers: Gogo is focused on migrating existing customers from its Classic ATG systems to more advanced AVANCE and C1 units, with support from FCC funding for LTE upgrades. This transition is expected to be largely completed by the end of 2026, ensuring continued service revenue from an upgraded customer base.
- Strong Demand in the Global Business Jet Market and Strategic Fleet Wins: The robust demand in the global business jet market, with flight activity exceeding pre-COVID levels, provides a significant growth opportunity for Gogo. The company has secured key fleet contracts with major operators such as NetJets and VistaJet, which are expected to contribute to future revenue through ongoing rollouts of its services.
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Share Repurchases
- In 2024, Gogo repurchased approximately 4.0 million shares of its common stock for a total cost of approximately $33.2 million.
- During the fourth quarter of 2024, the company repurchased approximately 0.4 million shares for a total cost of approximately $2.4 million.
Share Issuance
- On December 3, 2024, Gogo issued 5,000,000 restricted shares of its common stock, valued at approximately $40,500,000, as part of the consideration for the acquisition of Satcom Direct, LLC.
Outbound Investments
- On December 3, 2024, Gogo acquired Satcom Direct, LLC and certain of its affiliates and subsidiaries. The acquisition involved an aggregate cash purchase price of approximately $375,000,000 and the issuance of 5,000,000 restricted shares of Gogo's common stock (valued at approximately $40,500,000).
- The acquisition also includes potential earnout payments of up to an additional $225,000,000 in cash and/or common stock, tied to achieving certain financial performance milestones over four years following the closing.
Capital Expenditures
- In 2025, Gogo's net capital expenditures were approximately $40 million, with $56 million allocated to strategic investments.
- For 2026, Gogo anticipates net capital expenditures of $20 million, assuming $45 million in reimbursement from the FCC Reimbursement Program. The primary focus of these expenditures includes Gogo 5G and Gogo Galileo.
- Gogo expects approximately $30 million for strategic investments in 2026, net of any FCC reimbursement, which is down about 45% from the $56 million spent in 2025. The majority of 2026 strategic investments are tied to fleet promotions and Supplemental Type Certificates (STCs).
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Gogo Earnings Notes | 12/16/2025 | |
| Gogo Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Where Does Gogo Stock Rank Among Competitors? | 08/13/2025 | |
| Better Bet Than GOGO Stock: Pay Less Than Gogo To Get More From FANG, SMCI | 08/12/2025 | |
| Gogo (GOGO) Net Income Comparison | 08/08/2025 | |
| Gogo (GOGO) Debt Comparison | 08/08/2025 | |
| Gogo (GOGO) EBITDA Comparison | 08/08/2025 | |
| Gogo (GOGO) Operating Income Comparison | 08/08/2025 | |
| Gogo (GOGO) Revenue Comparison | 08/08/2025 | |
| Gogo (GOGO) Operating Cash Flow Comparison | 08/08/2025 | |
| ARTICLES | ||
| Between Gogo and T-Mobile US, Which Stock Looks Set to Break Out? | 02/28/2026 | |
| Stocks Trading At 52-Week Low | 12/17/2025 |
Trade Ideas
Select ideas related to GOGO.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03272026 | META | Meta Platforms | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 8.8% | 8.8% | 0.0% |
| 03062026 | CARG | CarGurus | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.2% | 1.2% | -8.3% |
| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 17.9% | 17.9% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 10.9% | 10.9% | -3.9% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.9% | 8.9% | -3.7% |
| 03312025 | GOGO | Gogo | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -1.4% | -53.4% | -54.5% |
| 03312024 | GOGO | Gogo | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -17.5% | -1.8% | -28.2% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.05 |
| Mkt Cap | 21.9 |
| Rev LTM | 9,811 |
| Op Inc LTM | 175 |
| FCF LTM | 462 |
| FCF 3Y Avg | 161 |
| CFO LTM | 983 |
| CFO 3Y Avg | 1,083 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.4% |
| Rev Chg 3Y Avg | 8.2% |
| Rev Chg Q | 5.9% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 11.5% |
| Op Mgn 3Y Avg | 13.2% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 15.4% |
| CFO/Rev 3Y Avg | 15.6% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 7.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 21.9 |
| P/S | 2.7 |
| P/EBIT | 18.8 |
| P/E | 31.8 |
| P/CFO | 7.1 |
| Total Yield | 3.0% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.7 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.3% |
| 3M Rtn | 8.4% |
| 6M Rtn | 45.3% |
| 12M Rtn | 54.4% |
| 3Y Rtn | 52.9% |
| 1M Excs Rtn | 5.3% |
| 3M Excs Rtn | 11.4% |
| 6M Excs Rtn | 39.9% |
| 12M Excs Rtn | 27.0% |
| 3Y Excs Rtn | -14.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 445 | ||||
| Gogo BA | 398 | ||||
| Equipment revenue | 108 | 76 | 58 | ||
| Service revenue | 296 | 260 | 212 | ||
| Total | 445 | 398 | 404 | 336 | 270 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gogo BA | 124 | ||||
| Total | 124 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gogo BA | 146 | ||||
| Total | 146 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gogo BA | 782 | ||||
| Total | 782 |
Price Behavior
Price Behavior
| Market Price | $4.51 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 06/21/2013 | |
| Distance from 52W High | -72.7% | |
| 50 Days | 200 Days | |
| DMA Price | $4.40 | $8.18 |
| DMA Trend | down | down |
| Distance from DMA | 2.4% | -44.9% |
| 3M | 1YR | |
| Volatility | 61.0% | 78.7% |
| Downside Capture | 1.22 | 1.34 |
| Upside Capture | 260.35 | 136.22 |
| Correlation (SPY) | 26.0% | 26.3% |
GOGO Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.06 | 1.65 | 1.41 | 1.43 | 1.56 | 1.34 |
| Up Beta | -5.64 | 0.14 | 0.86 | 0.80 | 1.64 | 1.45 |
| Down Beta | -0.89 | -1.02 | -0.38 | 0.13 | 1.21 | 1.15 |
| Up Capture | 499% | 435% | 316% | 149% | 150% | 96% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 16 | 25 | 53 | 118 | 349 |
| Down Capture | 130% | 201% | 187% | 210% | 154% | 111% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 26 | 37 | 68 | 125 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOGO | |
|---|---|---|---|---|
| GOGO | -42.6% | 78.7% | -0.39 | - |
| Sector ETF (XLC) | 23.7% | 14.3% | 1.26 | 18.0% |
| Equity (SPY) | 18.7% | 13.7% | 1.06 | 28.5% |
| Gold (GLD) | 53.7% | 27.6% | 1.55 | -6.0% |
| Commodities (DBC) | 25.2% | 16.2% | 1.37 | 12.1% |
| Real Estate (VNQ) | 14.8% | 14.0% | 0.76 | 22.0% |
| Bitcoin (BTCUSD) | -11.7% | 43.0% | -0.17 | 18.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOGO | |
|---|---|---|---|---|
| GOGO | -15.6% | 61.2% | -0.04 | - |
| Sector ETF (XLC) | 9.5% | 20.7% | 0.37 | 23.9% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 31.0% |
| Gold (GLD) | 21.8% | 17.8% | 1.01 | 4.0% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | 13.4% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 28.1% |
| Bitcoin (BTCUSD) | 4.6% | 56.6% | 0.30 | 13.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GOGO | |
|---|---|---|---|---|
| GOGO | -8.3% | 69.8% | 0.18 | - |
| Sector ETF (XLC) | 9.5% | 22.3% | 0.50 | 26.6% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 29.0% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 2.7% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 14.1% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 22.8% |
| Bitcoin (BTCUSD) | 67.5% | 66.9% | 1.07 | 8.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/27/2026 | 12.3% | 23.6% | -3.1% |
| 11/6/2025 | 0.4% | -6.2% | -28.3% |
| 8/7/2025 | 1.2% | 0.3% | -10.7% |
| 3/14/2025 | -5.7% | 8.2% | 3.6% |
| 11/5/2024 | -6.0% | -5.4% | -13.5% |
| 8/7/2024 | -0.4% | -11.2% | 2.6% |
| 2/28/2024 | -1.7% | 7.2% | 5.8% |
| 11/7/2023 | -5.5% | -4.0% | -1.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 8 |
| # Negative | 11 | 10 | 10 |
| Median Positive | 1.4% | 7.7% | 12.4% |
| Median Negative | -5.5% | -5.8% | -14.2% |
| Max Positive | 12.3% | 26.1% | 161.2% |
| Max Negative | -11.2% | -14.0% | -28.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 905.00 Mil | 925.00 Mil | 945.00 Mil | 3.9% | Raised | Guidance: 890.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 198.00 Mil | 208.00 Mil | 218.00 Mil | -1.0% | Lowered | Guidance: 210.00 Mil for 2025 | |
| 2026 Free Cash Flow | 90.00 Mil | 100.00 Mil | 110.00 Mil | 33.3% | Raised | Guidance: 75.00 Mil for 2025 | |
| 2026 Net Capital Expenditures | 20.00 Mil | -50.0% | Lowered | Guidance: 40.00 Mil for 2025 | |||
Prior: Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 870.00 Mil | 890.00 Mil | 910.00 Mil | -2.2% | Lowered | Guidance: 910.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 200.00 Mil | 210.00 Mil | 220.00 Mil | -4.5% | Lowered | Guidance: 220.00 Mil for 2025 | |
| 2025 Free Cash Flow | 60.00 Mil | 75.00 Mil | 90.00 Mil | -16.7% | Lowered | Guidance: 90.00 Mil for 2025 | |
| 2025 Net Capital Expenditures | 40.00 Mil | 0 | Affirmed | Guidance: 40.00 Mil for 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Thorne, Oakleigh | Executive Chair | Direct | Buy | 12162025 | 5.34 | 170,000 | 907,300 | 5,092,077 | Form |
| 2 | Townsend, Charles C | Direct | Buy | 11202025 | 6.87 | 58,763 | 403,578 | 944,048 | Form | |
| 3 | Townsend, Charles C | Direct | Buy | 11202025 | 7.17 | 31,228 | 223,948 | 1,209,715 | Form | |
| 4 | Townsend, Charles C | Trust | Buy | 11182025 | 7.10 | 31,314 | 222,298 | 13,999,242 | Form | |
| 5 | Townsend, Charles C | Direct | Buy | 11182025 | 7.07 | 78,695 | 556,374 | 556,374 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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