Gogo Inc.

For the period ended Mar 31, 2025. Filed May 9, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 9, 2025

GOGO$3.60-0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	March 31,	December 31,
	2025	2024
Assets
Current assets:
Cash and cash equivalents	$70,282	$41,765
Accounts receivable, net of allowances of $5,105 and $4,467, respectively	115,372	111,513
Inventories	93,795	97,934
Assets held for sale	16,625	16,625
Prepaid expenses and other current assets, net of allowances of $2,000 and $0, respectively	58,201	55,256
Total current assets	354,275	323,093
Non-current assets:
Property and equipment, net	117,329	119,125
Intangible assets, net	269,481	275,331
Goodwill	185,234	184,831
Operating lease right-of-use assets	65,946	68,465
Investment in convertible note	—	4,207
Other non-current assets, net of allowances of $894 and $861, respectively	34,188	36,870
Deferred income taxes	211,935	217,309
Total non-current assets	884,113	906,138
Total assets	$1,238,388	$1,229,231
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$67,382	$67,231
Accrued liabilities	83,808	81,889
Deferred revenue	38,477	30,408
Current portion of long-term debt	2,500	2,500
Total current liabilities	192,167	182,028
Non-current liabilities:
Long-term debt	832,035	831,581
Non-current operating lease liabilities	65,222	68,178
Other non-current liabilities	66,016	78,120
Total non-current liabilities	963,273	977,879
Total liabilities	1,155,440	1,159,907
Commitments and contingencies (Note 17)
Stockholders’ equity
Common stock, par value $0.0001 per share; 500,000,000 shares authorized at March 31, 2025 and December 31, 2024; 144,938,680 and 144,095,996 shares issued at March 31, 2025 and December 31, 2024, respectively; and 131,760,795 and 130,918,997 shares outstanding at March 31, 2025 and December 31, 2024, respectively	14	14
Additional paid-in capital	1,463,873	1,460,270
Accumulated other comprehensive income	3,546	5,567
Treasury stock, at cost	(196,382)	(196,382)
Accumulated deficit	(1,188,103)	(1,200,145)
Total stockholders’ equity	82,948	69,324
Total liabilities and stockholders’ equity	$1,238,388	$1,229,231

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.