Gogo (GOGO)
Market Price (9/16/2025): $9.56 | Market Cap: $1.3 BilSector: Communication Services | Industry: Wireless Telecommunication Services
Gogo (GOGO)
Market Price (9/16/2025): $9.56Market Cap: $1.3 BilSector: Communication ServicesIndustry: Wireless Telecommunication Services
Investment Highlights
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73% | Weak multi-year price returns2Y Excs Rtn is -67%, 3Y Excs Rtn is -94% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10, Short 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 14% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 176x | |
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.0% |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73% |
Weak multi-year price returns2Y Excs Rtn is -67%, 3Y Excs Rtn is -94% |
Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10, Short 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 14% |
Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 176x |
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.0% |
Market Valuation
9/16/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $9.56 | $8.09 | $10.13 | $14.76 | $13.53 |
Market Cap CYE ($ Bil) | 1.3 | 1.0 | 1.3 | 1.9 | 1.5 |
Total Debt ($ Bil) | 0.9 | 0.9 | 0.7 | 0.8 | 0.9 |
Total Cash ($ Bil) | 0.1 | 0.0 | 0.1 | 0.2 | 0.1 |
Enterprise Value ($ Bil) | 2.1 | 1.9 | 2.0 | 2.7 | 2.4 |
Valuation Ratios | |||||
P/S TTM | 1.8 | 2.3 | 3.3 | 4.5 | 4.2 |
P/EBIT TTM | 16.5 | 13.9 | 8.5 | 12.1 | 43.5 |
P/E TTM | 175.8 | 75.7 | 9.0 | 19.8 | 9.2 |
Sector Ratios | |||||
P/S TTM (Sector) | 1.2 | 1.0 | 1.1 | 1.2 | 2.0 |
P/EBIT TTM (Sector) | 1.1 | 0.8 | -0.1 | 1.1 | 3.2 |
P/E TTM (Sector) | -0.6 | -0.6 | -0.6 | -0.3 | 1.7 |
9/16/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $9.56 | $8.09 | $10.13 |
Market Cap CYE ($ Bil) | 1.3 | 1.0 | 1.3 |
Total Debt ($ Bil) | 0.9 | 0.9 | 0.7 |
Total Cash ($ Bil) | 0.1 | 0.0 | 0.1 |
Enterprise Value ($ Bil) | 2.1 | 1.9 | 2.0 |
Valuation Ratios | |||
P/S TTM | 1.8 | 2.3 | 3.3 |
P/EBIT TTM | 16.5 | 13.9 | 8.5 |
P/E TTM | 175.8 | 75.7 | 9.0 |
Sector Ratios | |||
P/S TTM (Sector) | 1.2 | 1.0 | 1.1 |
P/EBIT TTM (Sector) | 1.1 | 0.8 | -0.1 |
P/E TTM (Sector) | -0.6 | -0.6 | -0.6 |
Business Description
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.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
GOGO Return | 50% | 40% | 9% | -31% | -20% | 18% | 53% |
Peers Return | 13% | 9% | -16% | 24% | 13% | 55% | 127% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: TMUS, SATS, USM, GOGO, SHEN. See GOGO Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
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Wealth Management
Peer Comparisons for Gogo
Financials
Median | |
---|---|
Name | |
Mkt Price | 42.88 |
Mkt Cap | 11.0 |
Rev LTM | 8,074 |
Op Inc LTM | 22 |
FCF LTM | -112 |
FCF 3Y Avg | -72 |
CFO LTM | 311 |
CFO 3Y Avg | 1,254 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 13.3% |
Rev Chg 3Y Avg | 6.5% |
Rev Chg Q | 5.1% |
QoQ Delta Rev Chg LTM | 1.2% |
Op Mgn LTM | 3.1% |
Op Mgn 3Y Avg | 10.7% |
QoQ Delta Op Mgn LTM | -0.3% |
CFO/Rev LTM | 16.4% |
CFO/Rev 3Y Avg | 22.3% |
FCF/Rev LTM | -3.6% |
FCF/Rev 3Y Avg | -3.2% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 11.0 |
P/S | 2.0 |
P/EBIT | 15.2 |
P/E | -3.4 |
P/CFO | 16.7 |
Total Yield | -0.5% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | -10.0% |
D/E | 0.7 |
Net D/E | 0.6 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 2.5% |
3M Rtn | 0.4% |
6M Rtn | 29.6% |
12M Rtn | 26.0% |
3Y Rtn | 25.2% |
1M Excs Rtn | 0.7% |
3M Excs Rtn | -8.0% |
6M Excs Rtn | 8.7% |
12M Excs Rtn | 4.2% |
3Y Excs Rtn | -44.5% |
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Gogo BA | 398 | 404 | |||
Equipment revenue | 76 | 58 | 87 | ||
Service revenue | 260 | 212 | 222 | ||
Total | 398 | 404 | 336 | 270 | 309 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Gogo BA | 124 | 142 | |||
Total | 124 | 142 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Gogo BA | 146 | 92 | |||
Total | 146 | 92 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Gogo BA | 782 | 760 | |||
Total | 782 | 760 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
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% |
8/7/2023 | 1.5% | 2.4% | -2.5% |
2/28/2023 | -2.1% | -3.9% | -15.1% |
... | |||
SUMMARY STATS | |||
# Positive | 7 | 8 | 9 |
# Negative | 11 | 10 | 9 |
Median Positive | 1.5% | 7.7% | 7.3% |
Median Negative | -5.5% | -4.9% | -13.5% |
Max Positive | 15.5% | 26.1% | 161.2% |
Max Negative | -11.2% | -14.0% | -26.0% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 8072025 | 10-Q 6/30/2025 |
3312025 | 5092025 | 10-Q 3/31/2025 |
12312024 | 3142025 | 10-K 12/31/2024 |
9302024 | 11052024 | 10-Q 9/30/2024 |
6302024 | 8072024 | 10-Q 6/30/2024 |
3312024 | 5072024 | 10-Q 3/31/2024 |
12312023 | 2282024 | 10-K 12/31/2023 |
9302023 | 11072023 | 10-Q 9/30/2023 |
6302023 | 8072023 | 10-Q 6/30/2023 |
3312023 | 5032023 | 10-Q 3/31/2023 |
12312022 | 2282023 | 10-K 12/31/2022 |
9302022 | 11032022 | 10-Q 9/30/2022 |
6302022 | 8052022 | 10-Q 6/30/2022 |
3312022 | 5052022 | 10-Q 3/31/2022 |
12312021 | 3032022 | 10-K 12/31/2021 |
9302021 | 11042021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Moore Christopher John | Chief Executive Officer | 8112025 | Buy | 12.11 | 10,000 | 121,100 | 121,100 | Form |
1 | Begler Michael | EVP, COO | 6202025 | Sell | 15.00 | 107,136 | 1,607,040 | 216,810 | Form |
2 | Silver (Equity) Holdings, LP | 5272025 | Sell | 11.00 | 8,500,000 | 93,500,000 | 45,919,302 | Form | |
3 | CRANDALL ROBERT L | 5152025 | Buy | 11.84 | 25,000 | 296,000 | 1,230,579 | Form | |
4 | TOWNSEND CHARLES C | 3192025 | Buy | 6.57 | 98,044 | 644,149 | 12,080,469 | Form |
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