Financials Gogo Inc.

Stocks

GOGO

US38046C1099

Wireless Telecommunications Services

Market Closed - Nasdaq Other stock markets 16:00:00 2026-06-11 EDT			5-day change	1st Jan Change
3.640 ^USD	+7.06%		-11.65%	-21.89%

06-04	SD Government Receives $7.5 Million NOAA Contract For Mission-Critical Communications Services For Hurricane Hunter Aircraft	CI
05-28	AirShare to Equip Fleet of Embraer Phenom 300S with Gogo Galileo Connectivity	CI

Projected Income Statement: Gogo Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	335.7	404.1	397.6	444.7	910.5	914.6	950.7	1,071
Change	-	20.36%	-1.61%	11.85%	104.74%	0.46%	3.94%	12.68%
EBITDA ¹	151	173.8	162.1	142.5	217.8	204.2	224.9	-
Change	-	15.15%	-6.74%	-12.11%	52.82%	-6.22%	10.15%	-
EBIT ¹	120.6	142.3	124.2	51.27	114.1	154.2	172.6	-
Change	-	17.99%	-12.76%	-58.71%	122.51%	35.13%	11.98%	-
Interest Paid ¹	-67.47	-38.87	-33.06	-30.1	-63.54	-64.39	-59.19	-
Earnings before Tax (EBT) ¹	-30.64	105.7	97.6	18.13	26.81	82.61	98.02	104
Change	-	445.02%	-7.68%	-81.42%	47.85%	208.11%	18.66%	6.06%
Net income ¹	152.7	92.06	145.7	13.75	12.92	44.31	61.81	82.13
Change	-	-39.73%	58.24%	-90.56%	-5.99%	242.84%	39.52%	32.86%
Announcement Date	3/3/22	2/28/23	2/28/24	3/14/25	2/27/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	82.38	87.17	92.3	92.75	97.84	105.3	108.2	98.6	103.2	97.95	97.81	104.3	102.1	100.5	137.8	230.3	226	223.6	230.6	226.3	229.4	229.6	230.4	230.8	238.4	243.9	253.8
Change	-	5.82%	5.88%	0.49%	5.48%	7.65%	2.7%	-8.84%	4.69%	-5.11%	-0.14%	6.66%	-2.17%	-1.5%	37.07%	67.13%	-1.85%	-1.09%	3.12%	-1.84%	1.34%	0.12%	0.35%	0.16%	3.29%	2.31%	4.06%
EBITDA ¹	36.75	40.78	39.55	42.77	41.2	43.65	46.22	39.73	44.07	43.2	35.13	43.32	30.43	34.78	33.96	62.06	61.72	56.16	37.82	53.34	48.13	50.69	52.07	54.1	55.8	58.6	61.2
Change	-	10.98%	-3.02%	8.14%	-3.68%	5.95%	5.89%	-14.05%	10.93%	-1.98%	-18.69%	23.33%	-29.76%	14.29%	-2.34%	82.7%	-0.54%	-9.01%	-32.66%	41.04%	-9.77%	5.33%	2.72%	3.89%	3.14%	5.02%	4.44%
EBIT ¹	29.61	30.91	32.33	34.95	32.34	36.34	38.7	31.93	34.04	33.32	24.88	34.67	36.38	18.75	-24.16	35.19	35.96	28.74	14.19	31.69	27.49	30.01	31.44	32.8	34.5	37.3	39.9
Change	-	4.41%	4.57%	8.11%	-7.47%	12.37%	6.47%	-17.49%	6.63%	-2.14%	-25.33%	39.39%	4.91%	-48.46%	-228.84%	245.67%	2.2%	-20.07%	-50.62%	123.27%	-13.24%	9.15%	4.76%	4.34%	5.18%	8.12%	6.97%
Charge d'intérêts ¹	-16.34	-10.94	-10.9	-10.89	-9.772	-8.091	-9.43	-8.976	-7.806	-8.025	-8.249	-8.41	-8.113	-9.67	-10.49	-15.97	-15.23	-17.68	-16.14	-15.69	-16.67	-16.07	-15.42	-13.5	-13	-12.5	-12
Earnings before Tax (EBT) ¹	-66.12	19.86	21.46	24.13	22.72	28.16	30.71	24.84	26.02	27.64	19.1	41.41	0.971	12.15	-36.4	18.98	16.98	-0.563	-8.591	21.03	11.4	14.56	16.59	19.3	21.5	24.8	27.9
Change	-	130.04%	8.07%	12.43%	-5.86%	23.93%	9.07%	-19.12%	4.77%	6.22%	-30.89%	116.78%	-97.66%	1,151.49%	-399.54%	152.16%	-10.56%	-103.32%	-1,425.93%	344.83%	-45.82%	27.78%	13.93%	16.34%	11.4%	15.35%	12.5%
Net income ¹	-69.25	10.96	218.7	22.2	22.02	20.18	27.67	20.45	89.85	20.91	14.47	30.49	0.839	10.63	-28.21	12.04	12.81	-1.93	-9.996	13.08	9.119	11.64	13.18	14.5	16.1	18.6	20.9
Change	-	115.83%	1,895.7%	-89.85%	-0.81%	-8.36%	37.14%	-26.1%	339.38%	-76.72%	-30.82%	110.76%	-97.25%	1,166.98%	-365.41%	142.68%	6.35%	-115.07%	-417.93%	230.9%	-30.31%	27.69%	13.2%	10%	11.03%	15.53%	12.37%
Announcement Date	8/5/21	11/4/21	3/3/22	5/5/22	8/5/22	11/3/22	2/28/23	5/3/23	8/7/23	11/7/23	2/28/24	5/7/24	8/7/24	11/5/24	3/14/25	5/9/25	8/7/25	11/6/25	2/27/26	5/7/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Gogo Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	658	522	456	792	711	618	501	340
Change	-	-20.67%	-12.64%	73.68%	-10.23%	-13.06%	-18.93%	-32.14%
Announcement Date	3/3/22	2/28/23	2/28/24	3/14/25	2/27/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Gogo Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	1.818	4.264	43.91	16.27	13.5	59.38
Change	-	134.54%	929.88%	-62.96%	-16.99%	339.7%
Free Cash Flow (FCF) ¹	29.38	13.63	29.27	29.55	52.64	108.6
Change	-	-53.62%	114.83%	0.95%	78.13%	106.25%
Announcement Date	3/11/21	3/3/22	2/28/23	2/28/24	3/14/25	2/27/26

¹USD in Million

Estimates

Forecast Financial Ratios: Gogo Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	44.97%	43.02%	40.78%	32.04%	23.92%	22.33%	23.66%	-
EBIT Margin (%)	35.93%	35.22%	31.23%	11.53%	12.53%	16.86%	18.16%	-
EBT Margin (%)	-9.13%	26.16%	24.55%	4.08%	2.94%	9.03%	10.31%	9.7%
Net margin (%)	45.5%	22.78%	36.64%	3.09%	1.42%	4.84%	6.5%	7.67%
FCF margin (%)	18.6%	14.72%	15.77%	6.28%	7.15%	-	-	-
FCF / Net Income (%)	40.88%	64.62%	43.04%	203.09%	503.85%	-	-	-
Profitability
ROA	23.12%	13.08%	18.91%	1.37%	1.02%	-	-	-
ROE	-	-	-	24.98%	15.16%	29.19%	24.24%	27.41%
Financial Health
Leverage (Debt/EBITDA)	4.36x	3x	2.81x	5.56x	3.26x	3.03x	2.23x	-
Debt / Free cash flow	10.55x	8.78x	7.27x	28.38x	10.92x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.27%	10.87%	4.09%	3.04%	6.52%	-	-	-
CAPEX / EBITDA (%)	2.82%	25.26%	10.03%	9.48%	27.27%	-	-	-
CAPEX / FCF (%)	6.83%	73.82%	25.94%	48.37%	91.19%	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-2.89	-0.7968	0.2959	0.5393	0.7563	1.2	1.73	2.49
Change	-	72.43%	137.14%	82.26%	40.24%	58.67%	44.17%	43.93%
EPS ¹	1.28	0.71	1.09	0.1	0.09	0.3233	0.4467	0.58
Change	-	-44.53%	53.52%	-90.83%	-10%	259.26%	38.15%	29.85%
Nbr of stocks (in thousands)	109,954	127,270	128,841	130,779	133,854	135,239	135,239	135,239
Announcement Date	3/3/22	2/28/23	2/28/24	3/14/25	2/27/26	-	-	-