Filing Flows › Gogo (GOGO) › Q1 2025
Gogo (GOGO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Gogo (GOGO) reported revenue of $230M for the first quarter 2025 (Q1 2025), +121% from a year earlier and +67% from the quarter before. Operating margin was 15.3%, net earnings $12.0M (5.2% of revenue).
Gogo, Q1 2025: revenue $230M (+121% year over year), operating margin 15.3%, net earnings $12.0M, operating cash flow $32.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $230M | +67% | +121% |
| Operating profit | $35.2M | — | +1% |
| Net earnings | $12.0M | — | -61% |
| Operating cash flow | $32.5M | — | +9% |
| Free cash flow | $29.7M | — | +5% |
What changed
Revenue was $230.3M in Q1 2025, up 121% year over year and up 67% from the previous quarter. Service was the largest line at 86% of revenue. Service added $116.9M year over year (up 143%), 93% of the total change.
Operating profit was $35.2M, a 15.3% margin (down 18.0 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 33% margin then. Total costs grew 180% against revenue growth of 121%. The fastest-growing cost line was Other operating costs (+188%). Net earnings were $12.0M, down 61% year over year. The effective tax rate was 36.6%.
Operating cash flow was $32.5M (up 9% year over year), 270% of net earnings. Non-cash charges added back $14.1M of depreciation and amortization and $5.5M of share-based compensation. Capital expenditures of $2.8M left free cash flow of $29.7M.
Questions
What was Gogo's revenue in the first quarter 2025?
Gogo (GOGO) reported revenue of $230M for the first quarter 2025 (Q1 2025), +121% from a year earlier and +67% from the quarter before.
Was Gogo profitable in the first quarter 2025?
Operating profit was $35.2M (15.3% of revenue) and net earnings $12.0M.
Source: Gogo 10-Q on SEC EDGAR.