Gogo Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
GOGO$3.60-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Service revenue | $182,729 | $189,956 | $561,733 | $582,533 |
| Equipment revenue | 30,505 | 33,629 | 100,631 | 97,397 |
| Total revenue | 213,234 | 223,585 | 662,364 | 679,930 |
| Operating expenses: | ||||
| Cost of service revenue (exclusive of amounts shown below) | 97,295 | 91,593 | 293,719 | 277,023 |
| Cost of equipment revenue (exclusive of amounts shown below) | 30,990 | 31,032 | 97,078 | 88,039 |
| Engineering, design and development | 9,933 | 15,681 | 26,092 | 42,078 |
| Sales and marketing | 13,841 | 13,464 | 40,618 | 42,415 |
| General and administrative | 27,565 | 27,858 | 77,762 | 86,010 |
| Depreciation and amortization | 16,459 | 15,214 | 48,607 | 44,474 |
| Total operating expenses | 196,083 | 194,842 | 583,876 | 580,039 |
| Operating income | 17,151 | 28,743 | 78,488 | 99,891 |
| Other expense (income): | ||||
| Interest income | (907) | (1,479) | (2,746) | (3,251) |
| Interest expense | 18,046 | 17,681 | 52,485 | 50,650 |
| Change in fair value of Earnout Liability | 6,100 | 15,000 | 8,357 | 18,900 |
| Loss on extinguishment of debt | — | — | 394 | — |
| Other expense (income), net | 555 | (1,896) | (1,162) | (1,811) |
| Total other expense | 23,794 | 29,306 | 57,328 | 64,488 |
| Income (loss) before income taxes | (6,643) | (563) | 21,160 | 35,403 |
| Income tax provision (benefit) | (3,443) | 1,367 | 13,284 | 12,484 |
| Net income (loss) | $(3,200) | $(1,930) | $7,876 | $22,919 |
| Net income (loss) attributable to common stock per share: | ||||
| Basic | $(0.02) | $(0.01) | $0.06 | $0.17 |
| Diluted | $(0.02) | $(0.01) | $0.06 | $0.17 |
| Weighted average number of shares: | ||||
| Basic | 136,636 | 134,657 | 136,194 | 133,403 |
| Diluted | 136,636 | 134,657 | 136,974 | 136,640 |
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