Gogo Announces Fourth Quarter and Full Year 2025 Results

Core Insights - Gogo Inc. reported a total revenue of $230.6 million for Q4 2025, representing a 67% increase year-over-year, with service revenue at $191.9 million, up 61% year-over-year [2][3] - The company achieved full-year results at the high end of its 2025 guidance range for revenue, adjusted EBITDA, and free cash flow [1][2] - Gogo anticipates a significant ramp-up in its Gogo Galileo and 5G services in 2026, supported by a strong new product pipeline [7][8] Q4 2025 Financial Highlights - Total revenue increased by 67% compared to Q4 2024 and by 3% compared to Q3 2025, with service revenue up 61% year-over-year [3][33] - Equipment revenue reached $38.7 million, a 104% increase compared to Q4 2024, and a 15% increase compared to Q3 2025 [3][33] - Adjusted EBITDA for Q4 was $37.8 million, an 11% increase from Q4 2024, but a 33% decrease from Q3 2025 [3][4] Full Year 2025 Results - Total revenue for 2025 was $910.5 million, a 105% increase compared to 2024, with service revenue at $774.4 million, up 113% year-over-year [10][33] - Equipment revenue for the year was $136.1 million, a 69% increase compared to 2024 [10][33] - Net income for 2025 was $12.9 million, a decrease from $13.7 million in 2024, with diluted earnings per share at $0.09 compared to $0.10 in 2024 [10][33] 2026 Financial Guidance - Gogo projects total revenue in the range of $905 million to $945 million for 2026, with approximately 80% expected to come from service revenue and 20% from equipment revenue [8][9] - Adjusted EBITDA is forecasted to be between $198 million and $218 million, including strategic investments and ongoing litigation expenses [8][9] - Free cash flow is expected to range from $90 million to $110 million, with $30 million allocated for strategic investments [8][9] Recent Developments - The company completed the activation of its first Gogo 5G aircraft in December 2025, with 5G service revenue expected to begin in Q1 2026 [10][33] - Gogo has received US Air Force Mobility approval to sell its Plane Simple® Ku-band hatch mounts for C-130 aircraft, expanding its addressable market [10][33] - The company completed 35 Commercial Supplemental Type Certificates (STCs) for Gogo Galileo HDX and FDX, covering over 4,000 aircraft models [10][33]