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How Gogo (GOGO) makes money

Gogo (GOGO) made $213M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Service brought in $183M (86%); Equipment brought in $30.5M (14%).

Drawing the Sankey…

Gogo revenue by segment, Q3 2026Gogo revenue by segment, Q3 2026Service$183MEquipment$30.5M
Gogo: revenue by line, Q1 2026 to Q3 2026Gogo: revenue by line, Q1 2026 to Q3 2026ServiceEquipmentService: $183M latest$183MEquipment: $30.5M latest$30.5MQ1 2026Q2 2026Q3 2026
Equipment went from 17% of revenue in Q1 2026 to 14% in Q3 2026, the largest shift in the mix.
Gogo revenue by quarterGogo revenue by quarter$230MQ1 2025$226MQ2 2025$224MQ3 2025$231MQ4 2025$226MQ1 2026$223MQ2 2026$213MQ3 2026
Gogo: where each dollar of revenue goesGogo: where each dollar of revenue goesOperating cash flow12¢Free cash flow11¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service$183M85.7%-4%-4%
Equipment$30.5M14.3%-3%-9%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$213M100.0%
Operating cash flow$26.3M12.3%
Free cash flow$22.7M10.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$213M-5%
Q2 2026$223M-1%
Q1 2026$226M-2%
Q4 2025$231M+67%
Q3 2025$224M+122%
Q2 2025$226M+122%
Q1 2025$230M+121%

From Gogo's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Gogo make money?

Gogo (GOGO) made $213M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Service brought in $183M (86%); Equipment brought in $30.5M (14%).

What is Gogo's biggest business?

Service: $183M in the third quarter 2026, 86% of revenue, -4% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.