GOGONasdaqCommunications Services, NECFiscal year ends December 31
Gogo Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$2.01−0.12 (-5.63%)
Close on Oct 19, 2026
- Market cap
- $273.86M
- P/E (TTM)
- 22.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
12.5%−15.8 pts over 5 years
Net margin
1.4%+94.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +104.7% | +31.1% | +27.5% | +6.2% | |
| Operating income | +122.5% | -7.1% | +8.4% | – | |
| Net income | -6.0% | -48.0% | – | – | |
| EPS, diluted | -10.0% | -49.8% | – | – | |
| Free cash flow | +133.2% | +3.1% | +89.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -965.1% | 48.1% | 15.2% | |
| Return on assets | -11.1% | -26.5% | 1.0% | |
| Current ratio | 2.41 | 1.17 | 1.60 | |
| Debt to equity | -19.89 | -1.82 | 8.27 | |
| Net debt to EBITDA | 8.59× | 8.10× | 4.08× | |
| Interest coverage | -0.3× | 0.6× | 1.7× | |
| Capex to revenue | 24.9% | 0.7% | 6.5% | |
| Diluted shares | 79M | 0M | 0M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gogo generated $414.98M from operations and spent $193.71M on capital expenditure, dividends and share buybacks. 71% of that went back into the business.
Generated
$414.98M
Used
$193.71M
Capital expenditure$137.33M71%Dividends$00%Share buybacks$56.38M29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.4%
×Asset turnover0.72×
×Equity multiplier14.86×
=Return on equity, FY202515.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.4% | 0.72× | 14.86× | 15.2% |
| FY2024 | 3.1% | 0.44× | 18.27× | 25.0% |
| FY2023 | 36.6% | 0.52× | -25.20× | -476.5% |
| FY2022 | 22.8% | 0.57× | -3.33× | -43.6% |
| FY2021 | 45.5% | 0.51× | -1.37× | -31.8% |
| FY2020 | -92.7% | 0.29× | -1.82× | 48.1% |
| FY2019 | -47.3% | 0.25× | -3.71× | 43.7% |
| FY2018 | -55.8% | 0.22× | -5.80× | 70.4% |
| FY2017 | -24.6% | 0.53× | -11.42× | 148.3% |
| FY2016 | -20.9% | 0.53× | 87.22× | -965.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$12.92M
- Cash generatingOperating cash flow above zero$124.49M
- Return on assets improvedROA up on the prior year1.8% → 1.1%
- Earnings backed by cashOperating cash flow above net income$124.49M vs $12.92M
- Less leverageLong-term debt to assets fell67.7% → 63.9%
- Better liquidityCurrent ratio rose1.77 → 1.60
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year84.81% → –
- More efficientAsset turnover rose0.57 → 0.74