Filing Flows › Gogo (GOGO) › Q1 2026
Gogo (GOGO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Gogo (GOGO) reported revenue of $226M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -2% from the quarter before. Operating margin was 14.0%, net earnings $13.1M (5.8% of revenue).
Gogo, Q1 2026: revenue $226M (-2% year over year), operating margin 14.0%, net earnings $13.1M, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | -2% | -2% |
| Operating profit | $31.7M | +123% | -10% |
| Net earnings | $13.1M | — | +9% |
| Operating cash flow | −$7.2M | -185% | -122% |
What changed
Revenue was $226.3M in Q1 2026, down 2% year over year and down 2% from the previous quarter. Service was the largest line at 83% of revenue. Service lost $10.9M year over year (down 5%), 273% of the total change.
Operating profit was $31.7M, a 14.0% margin (down 1.3 points year over year). Total costs fell 0% while revenue fell 2%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $13.1M, up 9% year over year. The effective tax rate was 37.8%.
Operating cash flow was −$7.2M. Non-cash charges added back $15.1M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $40.3M. Capital expenditures of $25.7M exceeded it, leaving free cash flow of −$33.0M.
Questions
What was Gogo's revenue in the first quarter 2026?
Gogo (GOGO) reported revenue of $226M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -2% from the quarter before.
Was Gogo profitable in the first quarter 2026?
Operating profit was $31.7M (14.0% of revenue) and net earnings $13.1M.
Source: Gogo 10-Q on SEC EDGAR.