Gogo (GOGO) AI Stock Analysis

• Market Cap: $2.09B
• Dividend Yield: N/A
• Average Volume (3M): 1.84M
• Price to Earnings (P/E): 76.1
• Beta (1Y): 1.10
• Revenue Growth: 41.51%
• EPS Growth: -103.22%
• Country: US
• Employees: 790
• Sector: Communication Services
• Sector Strength: 84
• Industry: Telecommunications Services
• EPS (TTM): 0.09
• Shares Outstanding: 132,263,580
• 10 Day Avg. Volume: 1,914,617
• 30 Day Avg. Volume: 1,842,546
• PEG Ratio: -0.41
• Price to Book (P/B): -17.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 34.01
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 1.34
• Enterprise Value/Gross Profit: 6.52
• Enterprise Value/Ebitda: 5.96
• 1Y Price Target: $14.50
• Price Target Upside: -7.11% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: $16.00 ▲(2.50%Upside)

Gogo's overall stock score reflects strong technical momentum and positive earnings call insights, highlighting revenue growth and strategic advancements in 5G technology. However, high financial leverage and negative profitability metrics pose risks, while the stock's overvaluation and overbought technical indicators could limit short-term gains. Strategic achievements in synergy realization and 5G readiness bolster long-term outlook.

Positive Factors

5G Network Development

A significant milestone in Gogo's 5G network development has been achieved, with the 5G chip ready to move to the final stages of integration.

Revenue and EBITDA Performance

Shares of Gogo traded up about 44% and are up 14% after the company reported a strong revenue and EBITDA beat and reiterated 2025 guidance.

Synergy and Cost Savings

The company remains on track to reach the high end of its synergy target with over 85% of the synergy savings already realized, and there is potential for further synergies.

Negative Factors

Competition and Market Pressure

Operational metrics were mixed as the combined company of Gogo and Satcom Direct continues to face intense competition from SpaceX.

Regulatory and Development Delays

FAA certification delays and continued issues with the 5G development will result in 2025 being another investment year.

Revenue and Margin Pressure

Management conveyed that it expects revenue and margin pressure for both Gogo’s and SD’s businesses in 2025, which will offset the synergy benefits.

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 makes money primarily through the sale of its in-flight connectivity services to airlines and business aviation customers. Its revenue model includes long-term contracts with airlines where it provides its connectivity solutions, typically charging a fee per aircraft or per passenger usage. Additional revenue comes from partnerships with content providers and advertisers, allowing Gogo to offer premium content and targeted advertising to passengers during their flights. The company also generates income from equipment sales, installation services, and ongoing technical support and maintenance for its systems.

Gogo Financial Statement Overview

Summary

Gogo shows strong revenue growth at 28.3% and operational efficiency with high gross profit margins. However, challenges remain in net profitability, with a negative net profit margin and a high debt-to-equity ratio indicating financial risk.

Income Statement

Gogo's income statement shows a strong gross profit margin at 65.7% TTM, reflecting efficient cost management. However, the net profit margin is negative at -0.8% TTM, indicating challenges in translating revenue into net income. Revenue has grown significantly by 28.3% from the previous year, showcasing robust growth. EBIT and EBITDA margins are moderate at 9.1% and 12.5% TTM, respectively, suggesting operational profitability but room for improvement in controlling expenses.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio of 10.85 TTM, highlighting significant leverage and potential financial risk. The return on equity is negative at -5.67% TTM, mainly due to a small equity base. The equity ratio is low at 6.7% TTM, which suggests limited financial stability; however, a slight year-on-year improvement is noted. High liabilities compared to assets pose a challenge, though the company has improved its stockholders' equity from negative positions in prior years.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow from the previous year, though it remains positive at $22.38 million TTM. The operating cash flow to net income ratio is negative due to the net loss, while the free cash flow to net income ratio cannot be calculated for the same reason. Despite the negative net income, the company generates positive operating cash flow of $44.24 million TTM, indicating solid cash-generating capacity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	570.69M	444.71M	397.58M	404.07M	335.72M	269.72M
Gross Profit	375.16M	345.67M	264.63M	268.17M	233.52M	185.35M
EBITDA	71.56M	75.54M	140.87M	157.17M	52.31M	90.52M
Net Income	-4.70M	13.75M	145.68M	92.06M	152.74M	-48.56M
Balance Sheet
Total Assets	1.24B	1.23B	781.54M	759.53M	647.69M	673.59M
Cash, Cash Equivalents and Short-Term Investments	70.28M	41.77M	139.04M	175.35M	145.91M	435.35M
Total Debt	899.76M	914.93M	678.09M	776.66M	881.71M	1.21B
Total Liabilities	1.16B	1.16B	740.81M	861.39M	967.84M	1.31B
Stockholders Equity	82.95M	69.32M	40.73M	-101.87M	-320.15M	-641.11M
Cash Flow
Free Cash Flow	22.38M	27.92M	54.88M	53.49M	56.83M	-141.68M
Operating Cash Flow	44.24M	41.42M	78.97M	103.41M	65.49M	-132.69M
Investing Cash Flow	-337.03M	-337.20M	29.86M	-70.42M	-24.09M	348.40M
Financing Cash Flow	210.41M	198.69M	-120.43M	-28.39M	-331.04M	44.42M

Gogo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOGO, the sentiment is Positive. The current price of 15.61 is above the 20-day moving average (MA) of 13.85, above the 50-day MA of 11.67, and above the 200-day MA of 8.58, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 77.29 is Negative, neither overbought nor oversold. The STOCH value of 87.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GOGO.

Gogo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRDM	81 Outperform	$3.46B	30.07	18.01%	1.76%	6.64%	403.10%
IDT	78 Outperform	$1.73B	18.12	38.36%	0.35%	1.91%	169.96%
GOGO	75 Outperform	$2.09B	76.11	-6.47%	―	41.51%	-103.22%
Sector *	66 Neutral	¥371.89B	13.53	2.24%	2.51%	5.32%	-18.27%
RBBN	57 Neutral	$720.30M	―	-12.42%	―	1.91%	15.71%
ATUS	49 Neutral	$1.04B	―	21.93%	―	-3.68%	-2563.04%
WOW	46 Neutral	$346.18M	―	-26.19%	―	-8.37%	78.45%

Gogo Corporate Events

Gogo Appoints General Minihan to Board of Directors

On July 2, 2025, Gogo Inc. appointed retired four-star General Michael Minihan to its Board of Directors, expanding the board to nine members. General Minihan brings extensive military leadership experience, having served as Commander of the Air Mobility Command and Deputy Commander of U.S. Indo-Pacific Command. His appointment is expected to enhance Gogo’s strategic capabilities and industry positioning, although he has not been assigned to any specific board committee yet.

The most recent analyst rating on (GOGO) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.

Gogo Completes First 5G End-to-End Call

On June 18, 2025, Gogo Inc. announced the successful completion of its first 5G end-to-end call, marking a significant milestone in its efforts to deliver next-generation air-to-ground connectivity. This achievement, which occurred on June 16, 2025, confirms the readiness of Gogo’s 5G chip for final integration phases, enhancing its market position in business aviation connectivity. The company has prepared over 300 aircraft for its 5G system, aiming to offer high-speed broadband for business aviation users across North America by the end of the year.

The most recent analyst rating on (GOGO) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.

Gogo Holds Annual Stockholders Meeting, Elects Directors

On June 12, 2025, Gogo Inc. held its annual meeting of stockholders, with 89.42% of the company’s common stock represented. During the meeting, stockholders elected Class III directors for a three-year term, approved the 2024 executive compensation, and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (GOGO) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.

Gogo Appoints New Director After Recent Resignation

On May 12, 2025, Michael Abad-Santos resigned as a Class III director of Gogo Inc.’s board, with no disagreements cited regarding company operations or policies. Christopher J. Moore was appointed as a Class III director and nominated for election at the upcoming annual meeting. The board plans to reduce its size to eight directors following the meeting, considering it optimal for effective functioning.

The most recent analyst rating on (GOGO) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Gogo stock, see the GOGO Stock Forecast page.

Gogo Appoints Oakleigh Thorne as Executive Chairman

Gogo Inc. has appointed Oakleigh Thorne as Executive Chairman of the Board of Directors, effective December 3, 2024. The company and Mr. Thorne have entered into a Second Amended and Restated Employment Agreement, which outlines his full-time and part-time roles, compensation, and benefits for 2025. The agreement includes provisions for bonuses, equity awards, and conditions for termination, aiming to align Mr. Thorne’s incentives with the company’s performance and strategic goals.