Gogo

GOGO

Telecommunications Services · Communication Services

Also trades as: 0IYQ.L

Price

$2.90

+0.01 (+0.52%)

Market Cap

$392.9M

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 12, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+7.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 127.2M (2021) → 136.6M (2025)

Gogo Inc. provides in-flight internet and wireless connectivity services for private and business aviation. Its main product is a broadband network that lets passengers on private jets and business aircraft browse the internet, stream content, and stay connected while flying. Gogo is the leading provider of air-to-ground connectivity for the business aviation market in North America.

Gogo makes money by selling hardware equipment (antennas and modems installed on aircraft) and charging recurring monthly service fees for data plans. It operates primarily in North America but has been expanding globally through its Gogo 5G and AVANCE platform upgrades. The company's large installed base of aircraft and long-term service contracts give it a sticky customer relationship, but it faces growing competition from satellite-based rivals like Starlink Aviation, which can offer faster speeds and broader global coverage — a meaningful threat to Gogo's market position going forward.

Winston Score History

Politician Trades

2 trades / 12mo

1 Congressional buy and 1 sell on GOGO in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-110.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$56M/ year

↑ Rising (+25% vs prior year)

6.2% of revenue

Below sector average (12%)

R&D investment increasing — building for the future

Insider Activity

42.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~19 months

$63M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

Gogo's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

56.0%

Premium pricing power — 56.0% gross margin

Operating Margin

13.3%

Healthy — 13.3% operating margin

ROCE

3.0%

Weak — 3.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+30.0%

Fast-growing sales (+30.0% YoY)

EPS YoY

-103.8%

Earnings shrinking (-103.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-5.6%

Burning cash (-5.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

7.18

Heavy debt load (7.18)

Interest Cover

1.52x

Dangerous — barely covers interest (1.5x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

N/A

Data not available

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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