Gogo Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $596.5m $699.1m $893.8m $835.7m $269.7m $335.7m $404.1m $397.6m $444.7m $910.5m
Revenue from Contract with Customer, Including Assessed Tax $22.0m $19.0m $16.0m $12.0m
Cost of Revenue $538.3m $106.2m $826.4m $709.2m $138.9m $163.5m $203.5m $216.1m $67.6m $679.7m
Operating expenses:
Operating Income (Loss) ($26.6m) ($64.3m) ($26.9m) $36.7m $76.4m $120.6m $142.3m $124.2m $51.3m $114.1m
Additional Financial Items
Amortization of Intangible Assets $21.6m $24.9m $26.5m $19.6m $6.3m $7.5m $4.7m $2.0m $3.9m $39.9m
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($108.4m) ($138.9m) ($128.4m) ($131.2m) ($45.8m) ($27.6m) $105.5m $97.2m $20.2m $29.5m
Income (Loss) from Continuing Operations, Per Basic Share $2 $1 $1 $0
Income (Loss) from Continuing Operations, Per Diluted Share ($2) ($2) ($2) ($2) ($3) $1 $1 $1 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($123.2m) ($174.0m) ($165.3m) ($145.0m) ($48.7m) ($30.6m) $105.7m $97.6m $18.1m $26.8m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($48.6m) $156.6m $92.1m $145.7m $13.7m $12.9m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($48.6m) $156.6m $92.1m $145.7m $13.7m $12.9m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($201.5m) ($3.9m) $0 $0
Net Income (Loss) Attributable to Parent ($124.5m) ($172.0m) ($162.0m) ($146.0m) ($250.0m) $152.7m $92.1m $145.7m $13.7m $12.9m
Net Income (Loss) Available to Common Stockholders, Basic ($124.5m) ($172.0m) ($162.0m) ($146.0m) ($250.0m) $152.7m $92.1m $145.7m $13.7m $12.9m
Earnings Per Share, Basic ($2.02) ($1.81) ($3.04) $1.46 $0.75 $1.12 $0.11 $0.10
Earnings Per Share, Diluted ($1.58) ($2.17) ($2.02) ($1.81) ($3.04) $1.28 $0.71 $1.09 $0.10 $0.09
Weighted Average Number of Shares Outstanding, Basic 81k 82k 103k 123k 130k 129k 134k
Weighted Average Number of Shares Outstanding, Diluted 81k 82k 127k 134k 133k 131k 137k
Research and Development Expense $45.9m $78.1m $72.7m $71.5m $25.2m $24.9m $29.6m $36.7m $44.8m $56.1m
General and Administrative Expense $84.9m $93.7m $94.3m $89.8m $54.5m $51.6m $58.2m $57.3m $125.1m $116.7m
Other Nonoperating Income (Expense) $72k ($750k) ($233k) $2.6m $9k ($25k) ($123k) $1.3m ($3.0m) ($11.9m)
Interest Expense (non-operating) $38.4m $68.2m
Current Income Tax Expense (Benefit) $475k $284k $528k $829k $86k $90k $488k $1.1m $1.1m $3.9m
Interest Expense $83.6m $111.9m $122.8m $130.6m $125.8m $67.5m $38.9m $33.1m $38.4m $68.2m
Interest Expense, Debt $62.3m $89.9m $100.3m $110.6m $106.0m $62.4m $43.5m $55.8m $53.7m $70.1m
Selling and Marketing Expense $61.2m $64.0m $58.8m $49.2m $15.1m $21.0m $25.5m $29.8m $38.0m $55.8m
Income Tax Expense (Benefit) $1.3m ($2.0m) ($3.3m) $1.0m ($146k) ($187.2m) $13.7m ($48.1m) $4.4m $13.9m