GOGO Stock Analysis: Gogo | NASDAQ

Telecom Services | NASDAQ, USA | Market Cap: 370m USD | 12M Return: -73.5% | US38046C1099 | Charts, Fundamentals & Technical Analysis

Aviation Connectivity, In-Flight Entertainment, Airborne Equipment, Antennas
Total Rating 17
Safety 41
Buy Signal -0.36
Telecom Services
Industry Rotation: +5.8
Market Cap: 370M
Avg Turnover: 5.79M
Risk 3d forecast
Volatility85.7%
VaR 5th Pctl12.4%
VaR vs Median-8.74%
Reward TTM
Sharpe Ratio-1.70
Rel. Str. IBD0.3
Rel. Str. Peer Group2.9
Character TTM
Beta1.967
Beta Downside1.341
Hurst Exponent0.571
Drawdowns 3y
Max DD84.76%
CAGR/Max DD-0.45
CAGR/Mean DD-0.93
EPS (Earnings per Share) EPS (Earnings per Share) of GOGO over the last years for every Quarter: "2021-09": 0.16, "2021-12": 1.6, "2022-03": 0.18, "2022-06": 0.17, "2022-09": 0.15, "2022-12": 0.21, "2023-03": 0.15, "2023-06": 0.21, "2023-09": 0.16, "2023-12": 0.11, "2024-03": 0.16, "2024-06": 0.1, "2024-09": 0.08, "2024-12": 0.0616, "2025-03": 0.12, "2025-06": 0.13, "2025-09": 0.12, "2025-12": -0.07, "2026-03": 0.08, "2026-06": 0.03,
EPS CAGR: -35.65%
EPS Trend: -93.1%
Last SUE: -1.55
Qual. Beats: -1
Revenue Revenue of GOGO over the last years for every Quarter: 2021-09: 87.172, 2021-12: 92.3, 2022-03: 92.75, 2022-06: 97.836, 2022-09: 105.318, 2022-12: 108.163, 2023-03: 98.597, 2023-06: 103.221, 2023-09: 97.949, 2023-12: 97.81, 2024-03: 104.322, 2024-06: 102.059, 2024-09: 100.529, 2024-12: 137.799, 2025-03: 230.307, 2025-06: 226.038, 2025-09: 223.585, 2025-12: 230.561, 2026-03: 226.319, 2026-06: 222.811,
Rev. CAGR: 46.46%
Rev. Trend: 93.8%
Last SUE: -0.45
Qual. Beats: 0

Warnings

High Debt/EBITDA With Thin Interest Coverage
High Debt While Negative Cash Flow
Altman Z'' In Financial Distress Zone
Below Avwap Earnings
Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan +2.1% 8
Feb -4.3% 29
Mar +1.6% 10
Apr +0.0% 5
May +10.4% 49
Jun -10.6% 31
Jul -0.6% 5
Aug +3.8% 0
Sep -0.0% 2
Oct -2.5% 15
Nov -0.5% 0
Dec +1.7% 2

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: GOGO Gogo

Gogo Inc. provides broadband connectivity services for the aviation industry, serving both commercial and business aircraft operators primarily in the United States and select international markets. The company operates a vertically integrated platform spanning ground-based network infrastructure (towers, data centers, and cybersecurity systems), proprietary airborne hardware and antennas, and the in-flight software services delivered to end users.

Its revenue model centers on selling connectivity hardware and software packages to original equipment manufacturers (OEMs) and aircraft operators, supplemented by recurring service subscriptions and usage-based fees for voice, data, and in-flight entertainment. Independent dealers handle distribution to the business aviation segment.

Gogo was founded in 1991 and is headquartered in Broomfield, Colorado. It competes in the niche inflight connectivity segment of the wireless telecommunications industry, an area that sits at the intersection of satellite/air-to-ground communications and commercial aerospace, typically characterized by long hardware certification cycles and multi-year service agreements tied to fleet installations.

Headlines to Watch Out For
  • Business aviation flight activity recovery lifts connectivity revenue
  • 5G network rollout drives ARPU growth and elevated capex
  • Starlink Aviation entry threatens inflight connectivity market share
Piotroski VR-10 (Strict) 4.5
Net Income: -850k TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -6.79 > 1.0
NWC/Revenue: 19.29% < 20% (prev 23.07%; Δ -3.78% < -1%)
CFO/TA 0.06 > 3% & CFO 73.1m > Net Income -850k
Net Debt (881.6m) to EBITDA (151.5m): 5.82 < 3
Current Ratio: 1.73 > 1.5 & < 3
Outstanding Shares: last quarter (136.2m) vs 12m ago -0.47% < -2%
Gross Margin: 51.59% > 18% (prev 55.27%; Δ -3.68% > 0.5%)
Asset Turnover: 72.05% > 50% (prev 55.00%; Δ 17.04% > 0%)
Interest Coverage Ratio: 1.27 > 6 (EBIT TTM 88.3m / Interest Expense TTM 69.7m)
Altman Z'' -1.58
A: 0.14 (Total Current Assets 411.9m - Total Current Liabilities 237.7m) / Total Assets 1.24b
B: -0.95 (Retained Earnings -1.18b / Total Assets 1.24b)
C: 0.07 (EBIT TTM 88.3m / Avg Total Assets 1.25b)
D: 0.11 (Book Value of Equity 120.7m / Total Liabilities 1.12b)
Altman-Z'' = -1.58 = D
Beneish M -2.86
DSRI: 0.90 (Receivables 166.4m/143.0m, Revenue 903.3m/694.7m)
GMI: 1.07 (GM 55.27% / 51.59%)
AQI: 0.97 (AQ_t 0.54 / AQ_t-1 0.55)
SGI: 1.30 (Revenue 903.3m / 694.7m)
TATA: -0.06 (NI -850k - CFO 73.1m) / TA 1.24b)
Beneish M = -2.86 (Cap -4..+1) = A
What is the price of GOGO shares?

As of September 05, 2026, the stock is trading at USD 2.84 with a total of 2,260,930 shares traded. Over the past week, the price has changed by +4.41%, over one month by -39.06%, over three months by -31.07% and over the past year by -73.53%.

Current recommended Stop Loss: 2.30 (which is 19% or 2.6 ATR below the current price).

Is GOGO a buy, sell or hold?

Gogo has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold GOGO.

  • StrongBuy: 1
  • Buy: 1
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the GOGO price?
Analysts Target Price 8.5 199.3%
Gogo (GOGO) - Fundamental Data Overview as of 29 August 2026
Market Cap USD = 369.9m (369.9m USD * 1.0 USD.USD)
P/E Forward = 8.9366
P/S = 0.4095
P/B = 3.211
P/EG = -0.43
Revenue TTM = 903.3m USD
EBIT TTM = 88.3m USD
EBITDA TTM = 151.5m USD
Long Term Debt = 814.1m USD (from longTermDebt, last quarter)
Short Term Debt = 16.5m USD (from shortTermDebt, last quarter)
Debt = 944.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 64.1m
Net Debt = 881.6m USD (calculated: Debt 944.7m - CCE 63.1m)
Enterprise Value = 1.25b USD (369.9m + Debt 944.7m - CCE 63.1m)
Interest Coverage Ratio = 1.27 (Ebit TTM 88.3m / Interest Expense TTM 69.7m)
EV/FCF = -24.58x (Enterprise Value 1.25b / FCF TTM -50.9m)
FCF Yield = -4.07% (FCF TTM -50.9m / Enterprise Value 1.25b)
FCF Margin = -5.64% (FCF TTM -50.9m / Revenue TTM 903.3m)
Net Margin = -0.09% (Net Income TTM -850k / Revenue TTM 903.3m)
Gross Margin = 51.59% ((Revenue TTM 903.3m - Cost of Revenue TTM 437.3m) / Revenue TTM)
Gross Margin QoQ = 42.01% (prev 34.41%)
Tobins Q-Ratio = 1.01 (Enterprise Value 1.25b / Total Assets 1.24b)
Interest Expense / Debt = 7.38% (Interest Expense 69.7m / Debt 944.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 69.8m (EBIT 88.3m * (1 - 21.00%))
Current Ratio = 1.73 (Total Current Assets 411.9m / Total Current Liabilities 237.7m)
Debt / Equity = 7.83 (Debt 944.7m / totalStockholderEquity, last quarter 120.7m)
Debt / EBITDA = 5.82 (Net Debt 881.6m / EBITDA 151.5m)
 Debt / FCF = -17.31 (negative FCF - burning cash) (Net Debt 881.6m / FCF TTM -50.9m)
 Total Stockholder Equity = 111.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.07% (Net Income -850k / Total Assets 1.24b)
RoE = -0.76% (Net Income TTM -850k / Total Stockholder Equity 111.7m)
RoCE = 9.54% (EBIT 88.3m / Capital Employed (Equity 111.7m + L.T.Debt 814.1m))
RoIC = 7.13% (NOPAT 69.8m / Invested Capital 978.2m)
WACC = 7.82% (E(369.9m)/V(1.31b) * Re(12.90%) + D(944.7m)/V(1.31b) * Rd(7.38%) * (1-Tc(0.21)))
Discount Rate = 12.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.13 | Cagr: 1.27%
 [DCF] Fair Price = unknown (Cash Flow -50.9m)
 EPS Correlation: -93.14 | EPS CAGR: -35.65% | SUE: -1.55 | # QB: -1
Revenue Correlation: 93.83 | Revenue CAGR: 46.46% | SUE: -0.45 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.03 | Chg30d=-78.57% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.06 | Chg30d=-81.44% | Revisions=+0% | GrowthEPS=-33.3% | GrowthRev=-1.8%
EPS next Year (2027-12-31): EPS=0.62 | Chg30d=-22.50% | Revisions=-25% | GrowthEPS=+93.8% | GrowthRev=+4.0%