Gogo Inc. (GOGO) Stock Price & Analysis
Gogo Inc. (GOGO) closed at USD 2.42 on Wednesday, October 28, 2026, up 2.11% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.37; the Oct 28, 2026 session ranged USD 2.33–2.46 on volume of 1,139,848 shares. Market capitalization is $327.93M, with a 52-week range of USD 1.96–9.46 (NMS). Source: Nexqual, retrieved October 29, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GOGO.md
Key facts (GOGO)
- Last four reported quarters (through Jun 30, 2026): revenue $903M, net income -$850K (-0.1% margin), free cash flow -$8.4M (SEC filings).
- Earnings quality: non-operating income -$85.6M vs operating income $104M over the last four quarters; P/E excluding non-operating income ≈6.0x (estimate: non-operating income taxed at the company's 35% effective rate).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (3 analysts), mean target USD 8.5 (range 7–10).
- Total return with dividends: 1Y -72.2% vs S&P 500 +13.6%; 5Y -85.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-06, EPS estimate USD 0.03, revenue estimate $217M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GOGO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $336M | $404M | $398M | $445M | $910M | $903M |
| Gross profit | — | — | — | $377M | — | — |
| Operating income | $121M | $142M | $124M | $51.3M | $114M | $104M |
| Net income | $153M | $92.1M | $146M | $13.7M | $12.9M | -$850K |
| EPS (diluted) | $1.28 | $0.71 | $1.09 | $0.10 | $0.09 | — |
| Free cash flow | $62.4M | $59.5M | $62.7M | $27.9M | $65.1M | -$8.4M |
| Gross margin | — | — | — | 84.8% | — | — |
| Operating margin | 35.9% | 35.2% | 31.2% | 11.5% | 12.5% | 11.5% |
| Net margin | 45.5% | 22.8% | 36.6% | 3.1% | 1.4% | -0.1% |
| Revenue growth | +24.5% | +20.4% | -1.6% | +11.9% | +104.7% | — |
| Cash + short-term investments | $146M | $175M | $139M | — | — | — |
| Total debt | $821M | $711M | $595M | $834M | $836M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GOGO)
P/E ex non-operating (est.) ≈6.0x · P/S 0.4x · EV/EBITDA 6.5x · EV/Sales 1.2x · P/B 2.7x · FCF yield -2.55% · Earnings yield -0.26% · Net debt $753M · EV $1.08B
P/E at fiscal year-ends: Dec 2025 49.3x, Dec 2024 77.4x, Dec 2023 9.3x.
Analysts (GOGO)
Consensus Hold (mean 2.67 on a 1–5 scale), 3 analysts; mean target USD 8.5 (low 7, high 10).
Total return (dividends reinvested) (GOGO)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -72.2% | -85.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -72.3% | -31.6% |
| Volatility (annualized) | 70.1% | 57.3% |
| Max drawdown | -77.9% (Oct 2025→Oct 2026) | -90.9% (Apr 2022→Sep 2026) |
GOGO earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.04 | $0.12 | Miss −66.7% | -18.5% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $0.08 | $0.08 | In line | +2.3% |
| Feb 27, 2026 | Quarter ended Dec 31, 2025 | −$0.01 | $0.06 | Miss −$0.07 | +9.2% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.12 | $0.11 | Beat +9.1% | -12.7% |
| Aug 7, 2025 | — | — | — | — | -20.4% |
| May 9, 2025 | — | — | — | — | +63.3% |
| Mar 14, 2025 | — | — | — | — | -5.8% |
| Nov 5, 2024 | — | — | — | — | +22.4% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
GOGO recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results |
| Jul 28, 2026 | Schedule 13G/A | BlackRock, Inc.: 4.3% of shares, passive 5%+ holder (amended) |
| Jul 17, 2026 | 8-K | Director or executive officer change, or pay arrangement “On July 15, 2026, Hayden Olson transitioned from EVP, General Manager, SD Government of Gogo Inc. (the "Company") to EVP, Corporate Development. The transition is part of an internal reorganization of Satcom Direct Government, LLC, an indirect subsidiary of the Company, finalized as of the same date. The reorganization is expected to improve operating efficiency and support the Company's previously disclosed synergy targets. In this new role, Mr. Olson oversees strategic initiatives for the Company, and continues…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
GOGO revenue by business segment (quarter ended Jun 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Satcom Direct Holdings Inc | $122.8M | 54.3% | — |
| Gogo BA | $103.3M | 45.7% | +1.2% |
| Total revenue | $226.0M | 100% | — |
GOGO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $191.3M | 85.8% | -1.4% |
| Equipment | $31.5M | 14.2% | -1.7% |
| Total revenue | $222.8M | 100% | — |
GOGO revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $671.3M | 73.7% | +68.9% |
| Non Us | $239.2M | 26.3% | +405.4% |
| Total revenue | $910.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
GOGO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Satcom Direct | “Likewise, under Satcom Direct's agreement with Gilat Satellite Networks Ltd., Satcom Direct's supplier for an antenna similar to our full duplex antenna which could be used on a LEO satellite network like Gogo Galileo, we have committed to purchase, over a two-year period, a full duplex antenna and a modem with an aggregate purchase price of approximately $21 million.” |
| Supplier | GILAT SATELLITE NETWORKS LTD (GILT) | “Likewise, under Satcom Direct's agreement with Gilat Satellite Networks Ltd., Satcom Direct's supplier for an antenna similar to our full duplex antenna which could be used on a LEO satellite network like Gogo Galileo, we have committed to purchase, over a two-year period, a full duplex antenna and a modem with an aggregate purchase price of approximately $21 million.” |
| Customer | SES | “Our combined product offerings allow us to integrate and offer network agnostic solutions, providing customers with GEO satellite services utilizing networks provided by operators, including, among others, SES S.A. ("SES") and Viasat, Inc. ("Viasat").” |
| Customer | VIASAT INC (VSAT) | “Our combined product offerings allow us to integrate and offer network agnostic solutions, providing customers with GEO satellite services utilizing networks provided by operators, including, among others, SES S.A. ("SES") and Viasat, Inc. ("Viasat").” |
| Partner | Hughes Network Systems | “Furthermore, in respect of Gogo Galileo, under our agreement with Hughes we have committed to purchase, over a seven-year period, half duplex and full duplex antennas with an aggregate purchase price of approximately $170 million and $102 million, respectively, and we may make additional financial commitments in connection with Gogo Galileo.” |
| Competitor | Honeywell (HON) | “With respect to the provisioning of our services to the business aviation and military/government markets, we compete against both equipment-providers and GEO- and LEO-satellite based telecommunications service providers, as well as resellers of the above, including but not limited to Honeywell Aerospace, Collins Aerospace, SES, SpaceX, and ViaSat.” |
| Competitor | SpaceX | “With respect to the provisioning of our services to the business aviation and military/government markets, we compete against both equipment-providers and GEO- and LEO-satellite based telecommunications service providers, as well as resellers of the above, including but not limited to Honeywell Aerospace, Collins Aerospace, SES, SpaceX, and ViaSat.” |
Quoted from the company's 10-K filed Feb 27, 2026.
GOGO customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
GOGO company outlook (results filed Aug 6, 2026)
- “This assumes $45 million in reimbursement from the FCC Reimbursement Program. 1 See "Non-GAAP Financial Measures" below. 2 See "Key Business Metrics" below.”
Quoted word-for-word from the SEC 8-K results press release.
GOGO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.03 | $0.14 | -78.6% | $216.5M | 1 |
| Next quarter (ends Dec 2026) | $0.04 | $0.17 | -76.5% | $219.8M | 1 |
| Current fiscal year (ends Dec 2026) | $0.04 | $0.32 | -86.1% | $886.6M | 2 |
| Next fiscal year (ends Dec 2027) | $0.62 | $0.80 | -22.5% | $921.1M | 1 |
GOGO options: expected move
Options price a move of about ±24.4% (±$0.59) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 8 reports the stock moved ±19.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 90.3% | ±24.4% |
| Jan 15, 2027 | 78 | 78.9% | ±31.3% |
| Feb 19, 2027 | 113 | 88.9% | ±38.5% |
| May 21, 2027 | 204 | 87.0% | ±49.0% |
30-day implied volatility 101.4% vs 69% realized over the last 30 trading days. Put/call ratio (volume) 0.01. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 09:24 UTC)
| Price | USD 2.42 |
|---|---|
| Change | ▲ 2.11% (up) |
| Previous Close | USD 2.37 |
| Open | USD 2.36 |
| Day Range | USD 2.33 – 2.46 |
| 52-Week Range | USD 1.96 – 9.46 |
| Volume | 1,139,848 shares |
| Market Cap | $327.93M |
| Exchange | NMS |
Technical Analysis (GOGO)
Nexqual's technical model rates GOGO "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 29, 2026 at 09:24 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 55.84 (neutral) |
| vs SMA50 | Above (USD 2.41) |
| MACD | -0.05 (negative) |
Analyst Ratings (GOGO)
Wall Street analysts rate GOGO "Hold" based on 3 analysts, with a mean price target of USD 8.5 (range USD 7–10), per Nexqual as of October 29, 2026 at 09:24 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 8.5 |
| High Target | USD 10 |
| Low Target | USD 7 |
| Buy / Hold / Sell | 1 / 2 / 0 |
Earnings (GOGO)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.03 |
| Revenue Estimate | $216.52M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.04 vs est 0.12 ▼ miss |
| 2026-03-31 | USD 0.08 vs est 0.08 ▲ beat |
| 2025-12-31 | USD -0.01 vs est 0.06 ▼ miss |
| 2025-09-30 | USD 0.12 vs est 0.11 ▲ beat |
Source: Nexqual, October 29, 2026 at 09:24 UTC.
Financials & Fundamentals (GOGO)
| Total Revenue | $903.28M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -1.40% |
| Gross Margin | +41.60% |
| Operating Margin | +14.15% |
| Profit Margin | -0.09% |
| ROE | -0.76% |
| Debt / Equity | 7.3 |
| Current Ratio | 1.73 |
| Total Cash | $66.35M |
| Total Debt | $880.69M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$8.36M (-0.9% of revenue) |
Source: Nexqual, October 29, 2026 at 09:24 UTC.
Financial Health Score (GOGO)
Nexqual rates Gogo Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 09:24 UTC.
| Growth | Strong — Revenue +105% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 42%, operating 12% (last 12 months) |
| Balance Sheet | Critical — $63M cash and investments vs $817M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$8M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -1%, ROA -0.1% (last 4 quarters, SEC) |
Ownership (GOGO)
| Insider Ownership | +24.88% |
|---|---|
| Institutional Ownership | +70.33% |
| Shares Outstanding | 135.51M |
| Float | 96.48M |
| Short % of Float | +17.85% |
Source: Nexqual, October 29, 2026 at 09:24 UTC.
Leadership (GOGO)
Gogo Inc. is led by Christopher J. Moore, CEO & Director, per Nexqual as of October 29, 2026 at 09:24 UTC.
| CEO & Director | Christopher J. Moore |
|---|---|
| Executive VP, CFO & Treasurer | Zachary Cotner |
| Executive Vice President of Corporate Development | Hayden Olson |
| Vice President of Investor Relations | William G. Davis |
| Chief Strategy Officer | Gustavo Nader |
Major Backers & Investors (GOGO)
Notable institutional backers of Gogo Inc. include GTCR, LLC, Nantahala Capital Management, LLC, Bank of America Corporation, according to Nexqual as of October 29, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| GTCR, LLC | 17.15% |
| Nantahala Capital Management, LLC | 6.42% |
| Bank of America Corporation | 3.82% |
| Qube Research & Technologies Ltd | 2.31% |
| Capco Asset Management, LLC | 2.08% |
| Citadel | 1.91% |
| Goldman Sachs | 1.71% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 4.52% |
| Vanguard Group | 2.61% |
| State Street | 2.45% |
Source: Nexqual, October 29, 2026 at 09:24 UTC.
From Gogo Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- ATG Broadband Service: Gogo is the leading provider of in-flight connectivity in the ATG broadband market in North America.
- We also license our proprietary technology and software to third parties to enable them to integrate such technology and software into the products they provide to us.
- We have granted Intelsat a worldwide, perpetual, non-exclusive license to our patent portfolio for use in the commercial aviation and satellite mobility businesses (each as defined in the license agreement).
- We rely on a combination of intellectual property rights, including trade secrets, patents, copyrights, trademarks and domain names, as well as contractual restrictions to protect intellectual property and proprietary technology owned or used by us.
Partnerships
- In 2012, we entered into a license agreement with SkySurf (the "License Agreement"), which commenced on August 14, 2012, and was recently renewed for a second ten-year term expiring July 24, 2032.
- Our top ten customers accounted for approximately 29% of our 2025 service revenue (excluding service revenue earned under a network sharing agreement with Intelsat Jackson Holdings S.A. (acquired by SES), and no customer accounted for more than 10% of our revenue in 2025.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulation by United States and foreign government agencies, including the FCC, which issued our exclusive ATG spectrum licenses, and the FAA, which regulates the civil aviation manufacturing and repair industries in the United States, may increase our costs of providing service or require us to change our services.
- Any breach of the terms of our ATG spectrum licenses, authorizations and waivers obtained by us from time to time, or any violation of the Communications Act or the FCC's rules, could result in the revocation, suspension, cancellation or reduction in the term of a license or the imposition of fines.
- Adverse decisions or regulations of these U.S. and foreign regulatory bodies may have a material adverse effect on our business and results of operations.
- Our possession and use of personal information present risks and expenses that could harm our business. Unauthorized disclosure or manipulation of such data, whether through breach of our network security or otherwise, could expose us to costly litigation and damage our reputation.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SKM | SK Telecom Co., Ltd. | USD 31.82 | ▲ 1.11% |
| TIGO | Millicom International Cellular | USD 79.66 | ▼ 0.2% |
| TU | Telus Corporation | USD 8.55 | ▼ 0.47% |
| CHTR | Charter Communications, Inc. | USD 105.39 | ▲ 0.44% |
| RCI | Rogers Communication, Inc. | USD 31.3 | ▼ 1.48% |
| VIV | Telefonica Brasil S.A. | USD 11.42 | ▼ 1.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 09:24 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt