Tearsheet

Gogo (GOGO)


Market Price (9/16/2025): $9.56 | Market Cap: $1.3 Bil
Sector: Communication Services | Industry: Wireless Telecommunication Services

Gogo (GOGO)


Market Price (9/16/2025): $9.56
Market Cap: $1.3 Bil
Sector: Communication Services
Industry: Wireless Telecommunication Services

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73%
Weak multi-year price returns
2Y Excs Rtn is -67%, 3Y Excs Rtn is -94%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63%
1  Meaningful short interest
Short 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 multiples
P/EPrice/Earnings or Price/(Net Income) is 176x
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 -4.0%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73%
1 Weak multi-year price returns
2Y Excs Rtn is -67%, 3Y Excs Rtn is -94%
2 Meaningful short interest
Short 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%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63%
4 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 176x
5 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 -4.0%

Market Valuation

 9/16/252024202320222021
Share Price CYE$9.56$8.09$10.13$14.76$13.53
Market Cap CYE ($ Bil)1.31.01.31.91.5
Total Debt ($ Bil)0.90.90.70.80.9
Total Cash ($ Bil)0.10.00.10.20.1
Enterprise Value ($ Bil)2.11.92.02.72.4
Valuation Ratios     
P/S TTM1.82.33.34.54.2
P/EBIT TTM16.513.98.512.143.5
P/E TTM175.875.79.019.89.2
Sector Ratios     
P/S TTM (Sector)1.21.01.11.22.0
P/EBIT TTM (Sector)1.10.8-0.11.13.2
P/E TTM (Sector)-0.6-0.6-0.6-0.31.7
 9/16/2520242023
Share Price CYE$9.56$8.09$10.13
Market Cap CYE ($ Bil)1.31.01.3
Total Debt ($ Bil)0.90.90.7
Total Cash ($ Bil)0.10.00.1
Enterprise Value ($ Bil)2.11.92.0
Valuation Ratios   
P/S TTM1.82.33.3
P/EBIT TTM16.513.98.5
P/E TTM175.875.79.0
Sector Ratios   
P/S TTM (Sector)1.21.01.1
P/EBIT TTM (Sector)1.10.8-0.1
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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
GOGO Return50%40%9%-31%-20%18%53%
Peers Return13%9%-16%24%13%55%127%
S&P 500 Return16%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)

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Gogo

Financials

GOGOTMUSSATSUSMSHENMedian
NameGogo T-Mobile.EchoStar Array Di.Shenando. 
Mkt Price9.57239.7471.94-13.8242.88
Mkt Cap1.3271.620.7-0.811.0
Rev LTM69584,05215,453-3498,074
Op Inc LTM6619,395-525--2122
FCF LTM2812,338-1,737--251-112
FCF 3Y Avg529,048-3,887--197-72
CFO LTM5625,527536-86311
CFO 3Y Avg8321,1392,423-851,254

Growth & Margins

GOGOTMUSSATSUSMSHENMedian
NameGogo T-Mobile.EchoStar Array Di.Shenando. 
Rev Chg LTM72.7%6.3%-4.8%-20.4%13.3%
Rev Chg 3Y Avg27.3%1.6%-3.4%-11.4%6.5%
Rev Chg Q121.5%6.9%-5.8%-3.2%5.1%
QoQ Delta Rev Chg LTM21.7%1.6%-1.5%-0.8%1.2%
Op Mgn LTM9.5%23.1%-3.4%--6.1%3.1%
Op Mgn 3Y Avg24.0%19.5%1.9%--3.8%10.7%
QoQ Delta Op Mgn LTM0.4%0.3%-1.0%--1.2%-0.3%
CFO/Rev LTM8.1%30.4%3.5%-24.7%16.4%
CFO/Rev 3Y Avg18.4%26.1%11.1%-29.3%22.3%
FCF/Rev LTM4.0%14.7%-11.2%--71.9%-3.6%
FCF/Rev 3Y Avg11.8%11.1%-17.5%--65.1%-3.2%

Valuation

GOGOTMUSSATSUSMSHENMedian
NameGogo T-Mobile.EchoStar Array Di.Shenando. 
Mkt Cap1.3271.620.7-0.811.0
P/S1.83.21.3-2.22.0
P/EBIT16.514.044.4--41.015.2
P/E176.022.2-65.6--29.1-3.4
P/CFO22.810.638.6-8.816.7
Total Yield0.6%5.9%-1.5%--3.4%-0.5%
Dividend Yield0.0%1.4%0.0%-0.0%0.0%
FCF Yield 3Y Avg3.3%4.1%-77.4%--23.3%-10.0%
D/E0.70.41.4-0.70.7
Net D/E0.60.41.2-0.70.6

Returns

GOGOTMUSSATSUSMSHENMedian
NameGogo T-Mobile.EchoStar Array Di.Shenando. 
1M Rtn-21.1%-5.5%158.2%-10.6%2.5%
3M Rtn-23.8%4.2%186.5%--3.4%0.4%
6M Rtn47.9%-7.2%173.5%-11.3%29.6%
12M Rtn32.2%19.9%196.4%--11.0%26.0%
3Y Rtn-28.2%76.4%327.7%--26.0%25.2%
1M Excs Rtn-23.1%-6.2%151.3%-7.5%0.7%
3M Excs Rtn-31.5%-5.2%316.5%--10.8%-8.0%
6M Excs Rtn22.2%-23.0%157.9%--4.8%8.7%
12M Excs Rtn5.0%3.4%209.5%--22.1%4.2%
3Y Excs Rtn-93.7%4.7%254.8%--97.7%-44.5%

Financials

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

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity18,568,828
Short Interest: % Change Since 81520257.6%
Average Daily Volume1,853,079
Days-to-Cover Short Interest10.02
Basic Shares Quantity133,647,000
Short % of Basic Shares13.9%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/20251.2%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%
8/7/20231.5%2.4%-2.5%
2/28/2023-2.1%-3.9%-15.1%
...
SUMMARY STATS   
# Positive789
# Negative11109
Median Positive1.5%7.7%7.3%
Median Negative-5.5%-4.9%-13.5%
Max Positive15.5%26.1%161.2%
Max Negative-11.2%-14.0%-26.0%

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