# Gogo Inc. (GOGO)

> Source: Nexqual · https://nexqual.com/GOGO · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Gogo Inc. (GOGO), nexqual.com/GOGO" · informational, not investment advice.

**Price:** USD 2.53 (+4.55% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 2.42 · day 2.44–2.61 · 52w 1.96–9.25 · market cap $343M · NMS

## Key facts
- 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 ≈6.3x (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 -72.6% vs S&P 500 +14.8%; 5Y -84.4% vs S&P 500 +79.1%.
- Next earnings: 2026-11-06, EPS estimate USD 0.03, revenue estimate $217M. All companies reporting that day: https://nexqual.com/earnings/2026-11-06
- Dividend: GOGO paid no cash dividend in the last five years.
- Short interest: 17.85% of float (as of 2026-10-15), 8.1 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| 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)
P/E ex non-operating (est.) ≈6.3x · P/S 0.4x · EV/EBITDA 6.5x · EV/Sales 1.2x · P/B 2.8x · FCF yield -2.44% · Earnings yield -0.25% · Net debt $753M · EV $1.10B
P/E at fiscal year-ends: Dec 2025 49.3x, Dec 2024 77.4x, Dec 2023 9.3x.

## Analysts
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)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -72.6% | -84.4% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | -72.8% | -31.0% |
| Volatility (annualized) | 70.3% | 57.4% |
| Max drawdown | -77.9% (Oct 2025→Oct 2026) | -90.9% (Apr 2022→Sep 2026) |

## Dividends
GOGO paid no cash dividend in the last five years.

## Short interest
14,029,682 shares sold short, 17.85% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 13,992,030 shares (+0.3%). Days to cover: 8.1 (short shares ÷ average daily volume).

## Peers (Telecom Services)
SKM (SK Telecom Co., Ltd.) USD 31.12 -2.20% · TIGO (Millicom International Cellular) USD 79.9 +0.30% · TU (Telus Corporation) USD 8.67 +1.40% · CHTR (Charter Communications, Inc.) USD 109 +3.43% · RCI (Rogers Communication, Inc.) USD 31.47 +0.54% · VIV (Telefonica Brasil S.A.) USD 11.44 +0.18%

## More
Full page: https://nexqual.com/GOGO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.03 | $0.14 | -78.6% | $216.5M | 1 |
| Next quarter (ends 2026-12-31) | $0.04 | $0.17 | -76.5% | $219.8M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.04 | $0.32 | -86.1% | $886.6M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.62 | $0.80 | -22.5% | $921.1M | 1 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.04 | $0.12 | Miss −66.7% | — |
| — | Quarter ended Mar 31, 2026 | $0.08 | $0.08 | In line | — |
| — | Quarter ended Dec 31, 2025 | −$0.01 | $0.06 | Miss −$0.07 | — |
| — | Quarter ended Sep 30, 2025 | $0.12 | $0.11 | Beat +9.1% | — |
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).