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Gogo (GOGO) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

Gogo (GOGO) reported revenue of $226M for the second quarter 2025 (Q2 2025), +121% from a year earlier and -2% from the quarter before. Operating margin was 15.9%, net earnings $12.8M (5.7% of revenue).

Revenue$226M
Year over year+121%
Quarter over quarter-2%
Operating margin15.9%
Net earnings$12.8M

Gogo, Q2 2025: revenue $226M (+122% year over year), operating margin 15.9%, net earnings $12.8M, operating cash flow $36.7M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$226M-2%+121%
Operating profit$36.0M+2%+66%
Net earnings$12.8M+6%15×
Operating cash flow$36.7M+13%+47%
Free cash flow$33.5M+13%+56%

What changed

Revenue was $226.0M in Q2 2025, up 121% year over year and down 2% from the previous quarter. Service was the largest line at 86% of revenue. Service added $112.0M year over year (up 137%), 90% of the total change.

Operating profit was $36.0M, a 15.9% margin (down 5.3 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 21% margin then. Total costs grew 136% against revenue growth of 121%. The fastest-growing cost line was Other operating costs (+172%). Net earnings were $12.8M, up 1426% year over year. The effective tax rate was 24.6%.

Operating cash flow was $36.7M (up 47% year over year), 287% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $2.4M. Capital expenditures of $3.2M left free cash flow of $33.5M.

Questions

What was Gogo's revenue in the second quarter 2025?

Gogo (GOGO) reported revenue of $226M for the second quarter 2025 (Q2 2025), +121% from a year earlier and -2% from the quarter before.

Was Gogo profitable in the second quarter 2025?

Operating profit was $36.0M (15.9% of revenue) and net earnings $12.8M.

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Source: Gogo 10-Q on SEC EDGAR.