15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 27.5% per year over the past 5 years.
Operating margin has contracted, at 12.5% in the latest year.
Free cash flow has grown 3.1% per year over the past 5 years.
Financial health
Total debt ($836M) exceeds cash ($125M); net debt is $711M.
Total debt has grown slower than revenue (-6.8% vs 27.5% per year).
Operating income covered interest expense 1.7× in the latest year, up from 0.6× 5 years ago.
Total debt is 4.8× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$910M
$13M
0.0%
12.5%
$65M
$836M
$125M
2024
$445M
$14M
84.8%
11.5%
$28M
$834M
$42M
2023
$398M
$146M
0.0%
31.2%
$63M
$595M
$139M
2022
$404M
$92M
0.0%
35.2%
$59M
$711M
$151M
2021
$336M
$153M
0.0%
35.9%
—
$821M
$42M
2020
$270M
-$250M
0.0%
28.3%
—
$1.2B
$435M
2019
$309M
-$146M
0.0%
31.2%
$63M
$1.1B
$170M
2018
$290M
-$162M
0.0%
28.4%
-$85M
$1.0B
$184M
2017
$699M
-$172M
0.0%
-9.2%
-$192M
$1.0B
$196M
2016
$597M
-$125M
0.0%
-4.5%
-$83M
$817M
$117M
2015
—
-$108M
—
—
—
$576M
$147M
2014
—
-$85M
—
—
—
$310M
$131M
2013
—
-$111M
—
—
-$87M
$236M
$266M
2012
—
-$33M
—
—
-$37M
$131M
$113M
2011
—
$24M
—
—
-$23M
—
$43M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$226M
$13M
0.0%
14.0%
-$33M
$837M
$104M
Dec '25
$231M
-$10M
0.0%
6.2%
-$25M
$836M
$125M
Sep '25
$224M
-$2M
0.0%
12.9%
$27M
$836M
$134M
Jun '25
$226M
$13M
87.8%
15.9%
$34M
$835M
$102M
Mar '25
$230M
$12M
87.3%
15.3%
$30M
$835M
$70M
Dec '24
$138M
-$28M
0.0%
-17.5%
-$43M
$834M
$42M
Sep '24
$101M
$11M
0.0%
19.0%
$21M
$591M
$177M
Jun '24
$102M
$839000
0.0%
21.2%
$22M
$592M
$162M
Mar '24
$104M
$30M
0.0%
33.2%
$28M
$594M
$153M
Dec '23
$98M
$14M
0.0%
25.4%
$24M
$595M
$139M
Sep '23
$98M
$21M
0.0%
34.0%
$15M
$596M
$86M
Jun '23
$103M
$90M
0.0%
33.0%
$8M
$597M
$97M
Mar '23
$99M
$20M
0.0%
32.4%
$15M
$696M
$163M
Dec '22
$108M
$28M
0.0%
35.8%
—
$711M
$151M
Sep '22
$105M
$20M
0.0%
34.5%
$10M
$713M
$152M
Jun '22
$98M
$22M
0.0%
33.1%
$16M
$715M
$164M
Mar '22
$93M
$22M
0.0%
37.7%
$10M
$819M
$153M
Dec '21
$92M
$219M
0.0%
35.0%
—
$821M
$42M
Sep '21
$87M
$11M
0.0%
35.5%
—
$823M
$133M
Jun '21
$82M
-$69M
0.0%
35.9%
—
$824M
$109M
Valuation over time
How the market has priced GOGO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 21.3× (Mar '23) to 32.9× (Jun '26).
The price-to-sales ratio has fallen from 4.8× (Mar '23) to 0.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is GOGO growing its revenue and profit?
Over the past 5 years, Gogo Inc.'s revenue has grown 27.5% per year. These are computed facts, not advice.
How much debt does GOGO have?
As of FY2025, Gogo Inc. reported $836M of total debt against $125M of cash; operating income covered interest expense 1.7×.
What is GOGO's profit margin?
In FY2025, gross margin was —, operating margin 12.5%, and net margin 1.4%.
What is GOGO's P/E ratio?
As of Jun '26, Gogo Inc. traded at a price-to-earnings ratio of about 32.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.