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Gogo (GOGO) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 27, 2026

Gogo (GOGO) reported revenue of $231M for the fourth quarter 2025 (Q4 2025), +67% from a year earlier and +3% from the quarter before. Operating margin was 6.2%, net loss $10.0M (4.3% of revenue).

Revenue$231M
Year over year+67%
Quarter over quarter+3%
Operating margin6.2%
Net earnings−$10.0M

Gogo, Q4 2025: revenue $231M (+67% year over year), operating margin 6.2%, net loss $10.0M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$231M+3%+67%
Operating profit$14.2M-51%—
Net earnings−$10.0M——
Operating cash flow$8.5M-82%—

What changed

Revenue was $230.6M in Q4 2025, up 67% year over year and up 3% from the previous quarter. Service was the largest line at 83% of revenue.

Operating profit was $14.2M, a 6.2% margin (up 23.7 points year over year). Total costs grew 34% against revenue growth of 67%. The fastest-growing cost line was Other operating costs (+124%). The quarter ended with a net loss of $10.0M, wider than the previous quarter's $1.9M loss. Net interest and other expense of $22.8M was the main reason.

Operating cash flow was $8.5M. Non-cash charges added back $15.8M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $33.9M exceeded it, leaving free cash flow of −$25.4M.

Questions

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

Gogo (GOGO) reported revenue of $231M for the fourth quarter 2025 (Q4 2025), +67% from a year earlier and +3% from the quarter before.

Was Gogo profitable in the fourth quarter 2025?

Operating profit was $14.2M (6.2% of revenue) and net loss $10.0M.

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Source: Gogo 10-K on SEC EDGAR.