Gogo Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $910.5M | $444.7M | $397.6M | $404.1M | $335.7M | $269.7M | $309.0M | $290.2M |
| Cost of Revenue | — | $67.6M | — | — | — | — | — | — |
| Gross Profit | — | $377.1M | — | — | — | — | — | — |
| Gross Margin | — | 84.8% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $56.1M | $44.8M | $36.7M | $29.6M | $24.9M | $25.2M | $26.0M | $18.5M |
| SG&A Expense | $116.7M | $125.1M | $57.3M | $58.2M | $51.6M | $54.5M | $54.6M | $57.9M |
| Operating Income | $114.1M | $51.3M | $124.2M | $142.3M | $120.6M | $76.4M | $96.5M | $82.4M |
| Operating Margin | 12.5% | 11.5% | 31.2% | 35.2% | 35.9% | 28.3% | 31.2% | 28.4% |
| Interest Expense | $68.2M | $38.4M | $33.1M | $38.9M | $67.5M | $125.8M | $130.5M | $122.6M |
| Pretax Income | $26.8M | $18.1M | $97.6M | $105.7M | $-30.6M | $-48.7M | $-87.9M | $-55.8M |
| Income Tax Expense | $13.9M | $4.4M | $-48.1M | $13.7M | $-187.2M | $-146.0K | $563.0K | $-3.4M |
| Net Income | $12.9M | $13.7M | $145.7M | $92.1M | $152.7M | $-250.0M | $-146.0M | $-162.0M |
| Net Margin | 1.4% | 3.1% | 36.6% | 22.8% | 45.5% | -92.7% | -47.3% | -55.8% |
| EPS (Basic) | $0.10 | $0.11 | $1.12 | $0.75 | $1.46 | $-3.04 | $-1.81 | $-2.02 |
| EPS (Diluted) | $0.09 | $0.10 | $1.09 | $0.71 | $1.28 | $-3.04 | $-1.81 | $-2.02 |
| Shares Outstanding (Basic) | 133.7K | 128.5K | 129.8K | 123.3K | 103.4K | 82.3K | 80.8K | 87.6M |
| Shares Outstanding (Diluted) | 136.6K | 131.5K | 133.3K | 133.9K | 127.2K | 82.3K | 80.8K | 87.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |