Gogo Inc.
ir.gogoair.comWhat Do They Do?
Sells in-flight connectivity equipment and services to business and military/government aviation customers.
10-K for FY2025, filed Feb 27, 2026We accomplish our mission as the world’s only multi-orbit, multi-band in-flight connectivity provider, by delivering secure and reliable…View ↗
How Do They Make Money?
Aircraft operators subscribe to connectivity and entertainment plans, generally priced per aircraft per month; aircraft makers and dealers buy equipment, with sales counted when it ships.
10-K for FY2025, filed Feb 27, 2026In-Flight Services (Service Plans). Across both our business aviation and military/government customer bases, we provide a wide range of…View ↗
Our business is dependent on our ability to continuously attract and retain users of our connectivity and other service offerings, and we…View ↗
As of December 31, 2025, the aggregate amount of the transaction price in our contracts allocated to the remaining unsatisfied performance…View ↗
Revenue from equipment sales accounted for approximately 15%, 18%, and 20% of our revenue for the fiscal years ended December 31, 2025…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$910.5M
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10-K for FY2025, filed Feb 27, 2026
$910.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service
Recurring
10-K for FY2025, filed Feb 27, 2026 |
85%
FY2022: 73%
|
Service, FY2025
$774.4M Sources
|
Recurring |
|
Product
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
15%
FY2022: 27%
|
Product, FY2025
$136.1M Sources
|
Sold outright |
Who Are Their Customers?
Business aviation end users are mainly aircraft owners and operators; Gogo sells directly to aircraft makers and through independent dealers. It also serves military and government customers, including U.S. federal agencies and international customers.
10-K for FY2025, filed Feb 27, 2026We provide in-flight connectivity services to a variety of customers needing connectivity, but our end-users are primarily aircraft…View ↗
We also sell directly to every OEM of business aviation aircraft, including Bombardier, Dassault Falcon, Embraer, Gulfstream, Pilatus, and…View ↗
Similar to our provision of services for our business aviation customers, we offer a full range of satellite connectivity options for…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.
10-K for FY2025, filed Feb 27, 2026
$114.1MView ↗
10-K for FY2025, filed Feb 27, 2026
$12.9MView ↗
10-K for FY2025, filed Feb 27, 2026
$65.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$2MView ↗
- ▼ Now a loss
- vs $12.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
Gogo updated its 2026 financial outlook
The company forecast total revenue of $870 million to $895 million and free cash flow of $65 million to $85 million.
Sources
8-K, filed Aug 6, 2026
Free Cash Flow1 in the range of $65 million to $85 million, including the aforementioned updated expense for ongoing litigation and $30…View ↗
Growing. Revenue grew 2.7x in 4 years, from $335.7M in FY2021 to $910.5M in FY2025, about 28% a year.
Added military and government aviation
The older report describes Gogo as focused exclusively on business aviation. The latest report also describes connectivity products and services for military and government aviation customers.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 27, 2026We focus exclusively on selling in-flight connectivity to the business aviation market and implement our value proposition of offering the…View ↗
Launched global satellite service
The older report described Global Broadband as a planned service; the latest report says Gogo commercially launched its global LEO broadband service for business aviation.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 27, 2026We view all these significant changes as opportunities to leverage our technological know-how and deep understanding of the business…View ↗
Gogo Galileo: We commercially launched the first global LEO broadband satellite service purpose-built for business aviation (“Gogo…View ↗
Who Do They Compete With?
Competes with Honeywell Aerospace, Collins Aerospace, SES, SpaceX, ViaSat, BAE Systems, General Dynamics, Telesat, L3Harris, Echostar, and Northrop Grumman
10-K for FY2025, filed Feb 27, 2026With respect to the provisioning of our services to the business aviation and military/government markets, we compete against both…View ↗
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