Gogo Inc.

For the period ended Dec 31, 2024. Filed Mar 14, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 14, 2025

GOGO$3.62-6.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	For the Years Ended December 31,
	2024	2023	2022
Revenue:
Service revenue	$364,270	$318,015	$296,329
Equipment revenue	80,439	79,562	107,738
Total revenue	444,709	397,577	404,067
Operating expenses:
Cost of service revenue (exclusive of items shown below)	99,042	69,568	64,427
Cost of equipment revenue (exclusive of items shown below)	67,561	63,383	71,473
Engineering, design and development	44,772	36,683	29,587
Sales and marketing	38,020	29,797	25,471
General and administrative	125,071	57,280	58,203
Depreciation and amortization	18,972	16,701	12,580
Total operating expenses	393,438	273,412	261,741
Operating income	51,271	124,165	142,326
Other expense (income):
Interest income	(8,336)	(7,403)	(2,386)
Interest expense	38,431	33,056	38,872
Loss on extinguishment of debt	—	2,224	—
Other (income) expense, net	3,042	(1,315)	123
Total other expense	33,137	26,562	36,609
Income before income taxes	18,134	97,603	105,717
Income tax provision (benefit)	4,388	(48,075)	13,658
Net income	$13,746	$145,678	$92,059
Net income attributable to common stock per share:
Basic	$0.11	$1.12	$0.75
Diluted	$0.10	$1.09	$0.71
Weighted average number of shares
Basic	128,533	129,753	123,268
Diluted	131,455	133,283	133,923

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.