Gogo Inc
NASDAQ:GOGO

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Gogo Inc
NASDAQ:GOGO
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Price: 4.43 USD -0.67% Market Closed
Market Cap: $596.6m

Gogo Inc
Investor Relations

Gogo, Inc. engages in the provision of broadband connectivity services for the business aviation market. The company is headquartered in Broomfield, Colorado and currently employs 376 full-time employees. The company went IPO on 2013-06-21. The firm designs, builds and operates air-to-ground (ATG) networks, and engineers and maintains in-flight systems of hardware and software. The company offers its customers a suite of integrated equipment, network and Internet connectivity products and services, as well as global support capabilities. Its offerings include a customizable suite of smart cabin systems for integrated connectivity, in-flight entertainment, and voice solutions. The company offers products and services through a portfolio consisting of its in-flight network, in-flight systems, in-flight services, aviation partner support and production operations functions. Its AVANCE is a software-centric platform that enables it to offer a range of products and features and employ multiple spectrum frequencies and networks. The firm's end users are primarily aircraft owners/operators in the business aviation market.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 27, 2026
AI Summary
Q4 2025

Revenue & Profit: Gogo's Q4 2025 revenue was $231 million, up 3% year-over-year, and full-year results for revenue, adjusted EBITDA, and free cash flow were all at the high end of guidance.

Equipment Shipments: Equipment revenue surged 104% year-over-year in Q4, with a record 472 ATG units shipped and strong momentum expected to continue in 2026.

Product Transition: The company is rapidly transitioning its fleet from legacy Classic systems to advanced AVANCE and C1 units, with a goal of reaching 0 Classic aircraft online by the end of 2026.

New Product Growth: Galileo (LEO) and 5G products are ramping up, with expectations to surpass 1,000 unit shipments in 2026 and drive long-term recurring service revenue.

Military & Government: Military and government revenue grew 34% year-over-year and is expected to grow faster than the rest of the business in 2026, with international military revenue up 94%.

Guidance: 2026 guidance calls for revenue of $905–945 million, adjusted EBITDA of $198–218 million, and free cash flow of $90–110 million.

International Expansion: Gogo is expanding rapidly outside the U.S., with a robust international pipeline and key wins among European fleet operators.

Key Financials
Revenue
$231 million
Service Revenue
$192 million
Equipment Revenue
$39 million
ATG Aircraft Online
6,402
Total Advanced AOL
4,956
ATG Equipment Shipments (Q4)
472
ATG Equipment Shipments (2025)
1,631
ATG ARPU
$3,378
Broadband GEO AOL
1,321
Service Margins
50%
Operating Expenses (Q4, excl. D&A)
$58.2 million
Litigation Expense (Q4)
$8.4 million
5G Spend (Q4)
$1.7 million
5G Spend (2025)
$12.6 million
Galileo Spend (Q4)
$2.6 million
Galileo Spend (2025)
$10 million
Total Galileo Development Costs (HDX & FDX)
$40 million
FCC Grant Funding (Q4)
$34 million
FCC Grant Funding (Program to Date)
$93.9 million
FCC Receivable (Year-end 2025)
$27.8 million
FCC Reimbursable Spend (Q4)
$35.7 million
Adjusted EBITDA (Q4)
$37.8 million
Net Income (Q4)
-$10 million
Free Cash Flow (2025)
$89.2 million
Cash and Short-term Investments (Q4)
$125.2 million
Outstanding Principal on Term Loans
$848 million
Revolver (Undrawn)
$122 million
Total Liquidity
$250 million
Net Leverage Ratio (Q4)
3.3x
Cash Interest Paid (Q4, net of hedge)
$17 million
Cash Interest Paid (2025, net of hedge)
$67 million
Strategic Investments (2025)
$56 million
Net CapEx (2026 guidance)
$20 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Oakleigh Thorne
Chairman & CEO
No Bio Available
Mr. Sergio A. Aguirre
President & COO
No Bio Available
Ms. Jessica G. Betjemann
Executive VP & CFO
No Bio Available
Ms. Crystal L. Gordon
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Leigh Goldfine
VP, Controller & Chief Accounting Officer
No Bio Available
Mr. William G. Davis Jr.
Vice President of Investor Relations
No Bio Available
Ms. Melissa Hale
Senior Vice President of Product & Marketing
No Bio Available
Mr. Andrew E. Geist
Senior Vice President of Business Aviation Solutions
No Bio Available
Mr. Gustavo Nader
Chief Strategy Officer
No Bio Available
Mr. Anand K. Chari
Strategic Technology Advisor
No Bio Available

Contacts

Address
COLORADO
Broomfield
105 Edgeview Dr., Suite 300
Contacts
+13033013271.0
ir.gogoair.com
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