Gogo Inc. reported strong year-over-year revenue growth driven by its acquisition of Satcom Direct and increasing demand for its new satellite broadband services. The company is strategically positioning itself for future growth with the ramp-up of Gogo Galileo and 5G services in 2026, while managing significant investments and litigation costs.
Total revenue of $230.6 million increased 67% year-over-year, driven by a 61% increase in service revenue to $191.9 million.
positiveEquipment revenue increased 104% year-over-year to $38.7 million, with Galileo equipment units shipped up 80% sequentially.
positiveFull year 2025 results were at the high end of guidance for revenue, Adjusted EBITDA, and Free Cash Flow.
positiveCompleted activation of the first Gogo 5G aircraft and received US Air Force Mobility approval for C-130 aircraft.
positiveNet loss of $10.0 million in Q4 2025, impacted by $10.0 million litigation settlement accrual, $7.1 million earnout liability adjustment, and $4.0 million convertible note fair value change.
negativeAdjusted EBITDA decreased 33% compared to Q3 2025, despite an 11% increase year-over-year.
attentionFree Cash Flow was negative $(4.9) million in Q4 2025, impacted by a $17.1 million outflow related to inventory build for Galileo equipment.
negativeAverage Monthly Connectivity Service Revenue per ATG aircraft online (ARPU) decreased 3% compared to Q4 2024 and 1% compared to Q3 2025.
attentionTotal ATG AOL decreased 9% compared to December 31, 2024, and 2% compared to September 30, 2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Satellite broadband | N/A | — | — | — |
ATG broadband | N/A | — | — | — |
Narrowband and other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
A strong new product pipeline drives our expectation for a substantial increase in shipments and activations for Gogo Galileo and 5G in 2026.
These developments are a critical part of our transformation from purely a domestic ATG provider to a global ultra-high speed inflight connectivity provider serving both the Business Aviation and Military Government markets.
The winding down of new product investment, sustained cost synergies from the Satcom Direct acquisition and an expected strong ramp of new product revenue lead to 2026 Free Cash Flow guidance of 12% year-over-year growth at the midpoint.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.