Gogo (GOGO) AI Stock Analysis

• Market Cap: $936.98M
• Dividend Yield: N/A
• Average Volume (3M): 1.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: 102.05%
• EPS Growth: -110.74%
• Country: US
• Employees: 790
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): -0.01
• Shares Outstanding: 133,854,340
• 10 Day Avg. Volume: 1,713,957
• 30 Day Avg. Volume: 1,540,011
• PEG Ratio: -0.84
• Price to Book (P/B): 15.00
• Price to Sales (P/S): 2.34
• P/FCF Ratio: 37.25
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 2.36
• Enterprise Value/Gross Profit: 4.30
• Enterprise Value/Ebitda: 16.32
• 1Y Price Target: $13.50
• Price Target Upside: 92.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.2
• Revenue Forecast (FY): $905.42M

• Rating: 52 Neutral
• Price Target: $7.00 ▲(0.00% Upside)

Gogo's overall stock score reflects a challenging financial position with high leverage and negative earnings. Despite strategic initiatives and contract wins, technical indicators and valuation metrics suggest caution.

Positive Factors

Revenue Growth

The strong revenue growth rate indicates positive market momentum and increased demand for Gogo's services, supporting long-term business expansion.

Product Expansion

The expansion into new product lines like 5G and HDX positions Gogo to capture emerging market opportunities and enhance competitive advantage.

Contract Wins

Securing significant contracts, especially in the military/government sector, strengthens Gogo's revenue base and diversifies its client portfolio.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting Gogo's ability to invest in growth opportunities and impacting long-term financial stability.

Negative Net Income

Negative net income reflects profitability challenges, which could hinder Gogo's ability to sustain operations and invest in future growth.

Service Revenue Decline

A decline in service revenue suggests potential issues in maintaining customer engagement and competitive positioning, impacting future earnings.

Gogo Business Overview & Revenue Model

Company 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. 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.

How the Company Makes Money

Gogo generates revenue through several key streams, primarily from inflight connectivity services and entertainment offerings. The company charges airlines for the installation, maintenance, and operation of its connectivity systems, which include both air-to-ground and satellite technology. Revenue is derived from subscription fees paid by airlines for passenger access to internet services, which can be offered for free, through a one-time payment, or via a subscription model. Additionally, Gogo monetizes its platform through partnerships with content providers, enabling airlines to offer streaming services and other entertainment options to passengers. Strategic partnerships with major airlines further bolster its revenue, as Gogo becomes integral to the airlines' service offerings, helping to attract and retain customers. The overall demand for inflight connectivity continues to grow, significantly contributing to Gogo's earnings potential.

Gogo Financial Statement Overview

Summary

Gogo shows strong revenue growth and cash flow generation, which are positive indicators for future performance. However, challenges with profitability and high leverage pose risks. The balance sheet's high debt levels and low equity position highlight potential financial vulnerabilities.

Income Statement

Gogo's income statement shows a strong revenue growth rate of 21.72% in the TTM, indicating robust top-line expansion. However, the net profit margin is relatively low at 1.05%, suggesting limited profitability. The gross profit margin is healthy at 64.34%, but the EBIT and EBITDA margins have decreased compared to previous years, reflecting potential operational inefficiencies.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 8.73, indicating significant leverage and potential financial risk. The return on equity is modest at 9.44%, showing some profitability but not enough to offset the high leverage. The equity ratio is low, suggesting limited equity financing and potential vulnerability to financial instability.

Cash Flow

The cash flow statement highlights a strong free cash flow growth rate of 81.72% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.25, showing a reasonable conversion of net income to cash. The free cash flow to net income ratio is 0.73, reflecting efficient cash management despite the company's leverage.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	817.73M	444.71M	397.58M	404.07M	335.72M	269.72M
Gross Profit	449.60M	278.11M	264.63M	268.17M	233.52M	185.35M
EBITDA	118.34M	75.54M	140.87M	157.17M	52.31M	85.36M
Net Income	-5.29M	13.75M	145.68M	92.06M	152.74M	-250.04M
Balance Sheet
Total Assets	1.30B	1.23B	781.54M	759.53M	647.69M	673.59M
Cash, Cash Equivalents and Short-Term Investments	133.64M	41.77M	139.04M	175.35M	145.91M	435.35M
Total Debt	908.63M	914.93M	678.09M	785.76M	889.15M	1.22B
Total Liabilities	1.19B	1.16B	740.81M	861.39M	967.84M	1.31B
Stockholders Equity	106.96M	69.32M	40.73M	-101.87M	-320.15M	-641.11M
Cash Flow
Free Cash Flow	37.53M	27.92M	54.88M	53.49M	56.83M	-141.68M
Operating Cash Flow	77.67M	41.42M	78.97M	103.41M	65.49M	-132.69M
Investing Cash Flow	-357.45M	-337.20M	29.86M	-70.42M	-24.09M	348.40M
Financing Cash Flow	236.49M	198.69M	-120.43M	-28.39M	-331.04M	44.42M

Gogo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOGO, the sentiment is Negative. The current price of 7 is below the 20-day moving average (MA) of 7.78, below the 50-day MA of 8.52, and below the 200-day MA of 10.19, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 33.05 is Neutral, neither overbought nor oversold. The STOCH value of 21.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GOGO.

Gogo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRDM	64 Neutral	$1.68B	14.04	22.59%	3.49%	7.30%	21.31%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SIFY	53 Neutral	$820.80M	―	-8.89%	―	5.81%	―
GOGO	52 Neutral	$936.98M	―	-6.63%	―	102.05%	-110.74%
CABO	50 Neutral	$810.69M	―	-27.38%	10.81%	-4.94%	-335.70%
SHEN	48 Neutral	$591.25M	―	-4.41%	1.03%	11.59%	-106.83%
CCOI	39 Underperform	$837.52M	―	-136.94%	17.77%	-6.48%	-588.01%

Gogo Corporate Events

Gogo Inc. Reports Strong Revenue Growth in Q3 2025

Gogo Inc. is a leading global provider of broadband connectivity services, specializing in business and military/government mobility aviation markets, offering innovative solutions through Air-to-Ground technology and satellite constellations.

Gogo Inc’s Earnings Call: Balancing Success and Challenges

Gogo Inc’s recent earnings call presented a balanced perspective, highlighting significant achievements alongside notable challenges. The company showcased impressive strides in product rollouts and contract acquisitions, particularly within the military and government sectors, as well as robust growth in equipment shipments. However, these positives were tempered by declines in ATG aircraft online, negative net income, and increased operating expenses.

Gogo Announces Departure of COO Michael Begler

On October 21, 2025, Gogo Inc. announced the immediate departure of its Executive Vice President and Chief Operating Officer, Michael Begler. His exit was not due to any disagreements or issues related to the company’s operations or policies, and he will receive severance benefits as per his employment agreement.

The most recent analyst rating on (GOGO) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.