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Investment Highlights Market Valuation Price Chart Return vs. Risk About GOGO Interactive Breakdown Better Bets vs. GOGO Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Gogo (GOGO)

Market Price (11/4/2025): $8.87 | Market Cap: $1.2 Bil
Sector: Communication Services | Industry: Wireless Telecommunication Services

Gogo (GOGO)

Market Price (11/4/2025): $8.87
Market Cap: $1.2 Bil
Sector: Communication Services
Industry: Wireless Telecommunication Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73%		  Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66%
1   Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 167x
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73%
1 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66%
2 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 167x
3 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8%

Market Valuation & Key Metrics

GOGOS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)0.7
Rev Chg Q121.5%6.6%
Rev Chg LTM72.7%5.5%
Rev Chg 3Y Avg27.3%5.2%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)0.1
CFO LTM ($ Bil)0.1
Net Inc LTM ($ Bil)0.0
Op Mgn LTM9.5%18.7%
CFO/Rev LTM8.1%20.3%
Net Inc Mgn1.0%12.8%
VALUATIONHIGH
P/S1.83.2
P/CFO21.915.1
P/FCF44.520.3
P/E168.523.6
STABILITYFAIR
Debt/Equity0.740.21
Cash/Assets0.080.07

AI Generated Analysis | Feedback

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GOGO Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 17.5% change in GOGO stock from 5/5/2025 to 11/3/2025 was primarily driven by a 131.0% change in the company's P/E Multiple.

505202511032025Change
Stock Price ($)7.508.8117.47%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)444.71694.6756.21%
Net Income Margin (%)3.09%1.05%-66.16%
P/E Multiple70.16162.05130.96%
Shares Outstanding (Mil)128.59133.65-3.93%
Cumulative Contribution17.29%

LTM = Last Twelve Months as of date shown
The 32.3% change in GOGO stock from 11/3/2024 to 11/3/2025 was primarily driven by a 1165.1% change in the company's P/E Multiple.

1103202411032025Change
Stock Price ($)6.668.8132.28%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)402.14694.6772.74%
Net Income Margin (%)16.59%1.05%-93.69%
P/E Multiple12.81162.051165.14%
Shares Outstanding (Mil)128.29133.65-4.17%
Cumulative Contribution32.05%

LTM = Last Twelve Months as of date shown
The -40.7% change in GOGO stock from 11/4/2022 to 11/3/2025 was primarily driven by a -98.6% change in the company's Net Income Margin (%).

1104202211032025Change
Stock Price ($)14.858.81-40.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)388.20694.6778.95%
Net Income Margin (%)72.93%1.05%-98.57%
P/E Multiple6.81162.052277.90%
Shares Outstanding (Mil)129.91133.65-2.87%
Cumulative Contribution-40.72%

LTM = Last Twelve Months as of date shown
Why The Stock Moved

AI Generated Analysis | Feedback

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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
GOGO Return50%40%9%-31%-20%12%42%
Peers Return1%-4%-28%-15%-17%30%-36%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
GOGO Win Rate42%50%50%42%42%60% 
Peers Win Rate43%45%40%42%43%50% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
GOGO Max Drawdown-78%-4%-14%-34%-38%-20% 
Peers Max Drawdown-46%-22%-40%-37%-41%-31% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SYTA, TMUS, SATS, GOGO, SHEN. 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] 2025 data is for the year up to 11/3/2025 (YTD)

How Low Can It Go

Unique KeyEventGOGOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-58.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven139.8%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-78.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven357.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven116 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-79.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven394.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven760 days120 days

Compare to SYTA, TMUS, SATS, GOGO, SHEN


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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Gogo (GOGO)

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Better Bets than Gogo (GOGO)

 GOGOBetter Performance than GOGO
MetricValueIndustry (Wireless Telecommunication Ser)
Rev Chg LTM72.7%
Rev Chg 3Y Avg27.3%
Op Mgn LTM9.5%TMUS (22.6%)
CFO/Rev LTM8.1%TMUS (31.3%), SHEN (26.4%)
FCF/Rev LTM4.0%TMUS (16.1%)
Total Yield0.6%TMUS (6.7%)
 GOGOBetter Performance than GOGO
MetricValueAll Other Sectors
Rev Chg LTM72.7%CRDO (175.8%), ALAB (163.8%), EXE (169.1%), ASTS (249.4%), SW (163.8%)
Rev Chg 3Y Avg27.3%NVDA (92.0%), ANET (32.1%), CRWD (33.5%), HOOD (30.0%), MELI (39.5%)
Op Mgn LTM9.5%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), AMZN (11.4%), AVGO (39.0%)
CFO/Rev LTM8.1%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), AMZN (18.1%), AVGO (42.4%)
FCF/Rev LTM4.0%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), AVGO (41.6%), TSLA (7.1%)
Total Yield0.6%NVDA (1.8%), AAPL (2.8%), MSFT (3.4%), AMZN (2.7%), AVGO (1.1%)
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Latest Trefis Analyses

Trade Ideas

Select past ideas related to GOGO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-2.5%-2.5%-5.0%
CABO_10032025_Short_Squeeze10032025CABOCable OneSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-16.8%-16.8%-20.0%
DV_9122025_Dip_Buyer_FCFYield09122025DVDoubleVerifyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-12.6%-12.6%-16.5%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.3%-15.3%-16.9%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.4%6.4%-2.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-2.5%-2.5%-5.0%
CABO_10032025_Short_Squeeze10032025CABOCable OneSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-16.8%-16.8%-20.0%
DV_9122025_Dip_Buyer_FCFYield09122025DVDoubleVerifyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-12.6%-12.6%-16.5%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.3%-15.3%-16.9%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.4%6.4%-2.3%

Recent Active Movers

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1 Week Top Losers

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Recent Active Movers

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Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Gogo

Financials

GOGOSYTATMUSSATSSHENMedian
NameGogo Siyata M.T-Mobile.EchoStar Shenando. 
Mkt Price------
Mkt Cap1.2-236.021.50.711.4
Rev LTM695-85,84715,4533528,074
Op Inc LTM66-19,407-525-2620
FCF LTM28-13,807-1,737-251-112
FCF 3Y Avg52-9,992-3,887-205-77
CFO LTM56-26,84553693314
CFO 3Y Avg83-22,1612,423891,256

Growth & Margins

GOGOSYTATMUSSATSSHENMedian
NameGogo Siyata M.T-Mobile.EchoStar Shenando. 
Rev Chg LTM72.7%-7.3%-4.8%13.2%10.3%
Rev Chg 3Y Avg27.3%-2.4%-3.4%11.1%6.8%
Rev Chg Q121.5%-8.9%-5.8%2.5%5.7%
QoQ Delta Rev Chg LTM21.7%-2.1%-1.5%0.6%1.4%
Op Mgn LTM9.5%-22.6%-3.4%-7.3%3.1%
Op Mgn 3Y Avg24.0%-20.3%1.9%-4.3%11.1%
QoQ Delta Op Mgn LTM0.4%--0.5%-1.0%-1.2%-0.7%
CFO/Rev LTM8.1%-31.3%3.5%26.4%17.2%
CFO/Rev 3Y Avg18.4%-27.1%11.1%30.2%22.8%
FCF/Rev LTM4.0%-16.1%-11.2%-71.5%-3.6%
FCF/Rev 3Y Avg11.8%-12.2%-17.5%-66.2%-2.8%

Valuation

GOGOSYTATMUSSATSSHENMedian
NameGogo Siyata M.T-Mobile.EchoStar Shenando. 
Mkt Cap1.2-236.021.50.711.4
P/S1.8-2.71.41.91.8
P/EBIT15.7-12.446.2-32.414.0
P/E167.4-19.9-68.3-22.4-1.3
P/CFO21.7-8.840.27.315.3
Total Yield0.6%-6.7%-1.5%-4.5%-0.4%
Dividend Yield0.0%-1.7%0.0%0.0%0.0%
FCF Yield 3Y Avg3.3%-4.4%-77.4%-25.5%-11.1%
D/E0.7-0.51.40.80.8
Net D/E0.7-0.51.20.80.7

Returns

GOGOSYTATMUSSATSSHENMedian
NameGogo Siyata M.T-Mobile.EchoStar Shenando. 
1M Rtn------
3M Rtn------
6M Rtn------
12M Rtn------
3Y Rtn------
1M Excs Rtn------
3M Excs Rtn------
6M Excs Rtn------
12M Excs Rtn------
3Y Excs Rtn------

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/7/20255/9/20253/14/202511/5/20248/7/20245/7/20242/28/202411/7/20238/7/20235/3/20232/28/202311/3/2022
Key Financials Quarterly            
Total Revenue226230138101102104989810399108105
Ebitda5152-14301959384645424742
Operating Income3635-24192235253334323936
Net Income1312-2811130142190202820
EPS0.100.09-0.220.080.010.240.110.160.690.160.220.16
Key Financials TTM            
Total Revenue TTM695571445405402403398408415410404388
Ebitda TTM1188694146163189172181176167162150
Operating Income TTM665251100115127124138141139142136
Net Income TTM7-51456671561461591589092283
Growth Rates Quarterly            
Total Revenue Growth121.5%120.8%40.9%2.6%-1.1%5.8%-9.6%-7.0%5.5%6.3%17.2%20.8%
EBITDA Growth168.8%-12.9%-137.5%-35.5%-58.3%40.4%-19.4%11.6%26.4%11.9%34.7%22.2%
Operating Income Growth65.9%1.5%-197.1%-42.8%-36.3%8.6%-35.7%-8.3%5.3%-8.6%19.7%17.6%
Net Income Growth1426.5%-60.5%-295.0%-49.2%-99.1%49.1%-47.7%3.7%308.1%-7.9%-87.3%84.1%
Margins Quarterly            
EBITDA Margin22.4%22.5%-10.4%29.8%18.5%57.0%38.9%47.4%43.8%43.0%43.7%39.5%
Operating Income Margin15.9%15.3%-17.5%19.0%21.2%33.2%25.4%34.0%33.0%32.4%35.8%34.5%
Net Income Margin5.7%5.2%-20.5%10.6%0.8%29.2%14.8%21.4%87.0%20.7%25.6%19.2%
Cash & Debt            
Total Cash102704217716215313911197188175152
Total Debt910912915670672676678680683783786787
Net Debt / (Cash)808842873494511523539569585595610635
Cash Flows Quarterly            
FCF from Operations3732-38252530261916193128
Cash Flows TTM            
FCF from Operations TTM5644411069990798493104103102
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-02813105-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC5.7%4.7%-3.8%4.4%4.8%6.4%4.6%6.0%8.1%6.2%8.2%6.0%
Return on Invested Capital (ROIC) TTM            
ROIC TTM2.2%2.7%2.0%5.0%5.5%8.0%7.6%8.2%8.4%7.0%7.2%7.8%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Gogo BA398404   
Equipment revenue  765887
Service revenue  260212222
Total398404336270309


Operating Income by Segment
$ Mil20242023202220212020
Gogo BA124142   
Total124142   


Net Income by Segment
$ Mil20242023202220212020
Gogo BA14692   
Total14692   


Assets by Segment
$ Mil20242023202220212020
Gogo BA782760   
Total782760   


Price Behavior

GOGO Betas & Captures as of 10/31/2025

 1M2M3M6M1Y3Y
Beta0.540.621.541.751.441.26
Up Beta0.751.993.532.981.761.38
Down Beta1.470.34-0.161.991.441.32
Up Capture28%-45%-6%113%140%80%
Bmk +ve Days14273774145425
Stock +ve Days13213267128357
Down Capture-61%136%332%123%107%106%
Bmk -ve Days9172853106327
Stock -ve Days9213156118381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity20,035,204
Short Interest: % Change Since 9302025-3.2%
Average Daily Volume1,522,229
Days-to-Cover Short Interest13.16
Basic Shares Quantity133,647,000
Short % of Basic Shares15.0%

Returns Analyses

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024314202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023807202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021303202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Moore Christopher JohnChief Executive Officer8112025Buy12.1110,000121,100121,100Form
1Begler MichaelEVP, COO6202025Sell15.00107,1361,607,040216,810Form
2Silver (Equity) Holdings, LP 5272025Sell11.008,500,00093,500,00045,919,302Form
3CRANDALL ROBERT L5152025Buy11.8425,000296,0001,230,579Form
4TOWNSEND CHARLES C3192025Buy6.5798,044644,14912,080,469Form

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