Gogo doubles revenue after SatCom acquisition, but posts Q3 loss

BROOMFIELD — Gogo Inc. (Nasdaq: GOGO), a Broomfield-based company that provides broadband connectivity services for the aviation markets, more than doubled its revenue in the third quarter, driven by its acquisition of SatCom Direct.

Revenue reached $223.6 million in the quarter ended Sept. 30, up 122% from the same period a year ago. But costs associated with the SatCom Direct acquisition also contributed to a net loss of $1.9 million, which includes a $15 million pre-tax acquisition-related earn-out accrual. Gogo recorded a profit of $10.6 million in the third quarter of 2024.

The SatCom purchase closed on Dec. 3, 2024.

Net cash provided by operating activities was $46.8 million in Q3 2025, up from $25.1 million in Q3 2024.

Cash and cash equivalents increased to $133.6 million as of Sept. 30, 2025, compared with $102.1 million as of June 30, 2025, and $41.8 million as of Dec. 31, 2024.

“In recent months, we have made substantial progress on all new product launches …” Chris Moore, CEO of Gogo, said in a written statement. “Customer demand continues to accelerate and we expect significant growth in both shipments and installations in 2026 for all of these game changing products, which are purpose built for the business aviation market.”

Gogo reiterated its prior 2025 financial guidance of $870 million to $910 million in total revenue.

Gogo’s stock closed Monday at $7.60, down 4 cents, or 0.59%.

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