GOGO on Nasdaq

Gogo Inflight Internet

Logo: Gogo Business Aviation, Public domain, via Wikimedia Commons5

American in-flight Internet service provider

Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1991Founded1

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  • TickerGOGO on Nasdaq1
  • Industryaerospace industry1
  • HeadquartersItasca1
  • Websitewww.gogoair.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address105 Edgeview Dr., Suite 300, Broomfield, Co 800216
  • Filer categoryLarge accelerated filer6
  • LEI549300VL3DIHSFHYTO044
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 47644884

Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the developer of 2Ku, new in-flight satellite-based Wi-Fi technology rolled out in 2015.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.5%Operating margin8
1.4%Net margin8
104.7%Revenue growth, 20258
12.8%Return on equity8
8.24×Debt to equity8
$65.1MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 85% of the revenue Gogo Inflight Internet broke down this way in fiscal 2025.

  1. Service$774.4M885%up 113% from 2024
  2. Product$136.1M815%up 69% from 2024
Products and services by year
Products and services202320242025
Service$318.0M$364.3M$774.4M
Product$79.6M$80.4M$136.1M

Regions

United States brought in 74% of the revenue Gogo Inflight Internet broke down this way in fiscal 2025.

  1. United States$671.3M874%up 69% from 2024
  2. Outside the United States$239.2M826%up 405% from 2024
Regions by year
Regions202320242025
United States$372.2M$397.4M$671.3M
Outside the United States$25.3M$47.3M$239.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$56.1M
  • Other costs83¢$759.4M
  • Interest7¢$68.2M
  • Income tax2¢$13.9M
  • Profit1¢$12.9M

Out of $910.5M in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending48¢$59.4M
  • Kept or used elsewhere52¢$65.1M

Out of $124.5M of cash from operations.8

Financial statements

Revenue91011128$910.5M in 2025+195% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $309.0M$309.0M20192020: $269.7M$269.7M2020−13%2021: $335.7M$335.7M2021+24%2022: $404.1M$404.1M2022+20%2023: $397.6M$397.6M2023−2%2024: $444.7M$444.7M2024+12%2025: $910.5M$910.5M2025+105%
Operating income91011128$114.1M in 2025+18% since 2019
0$50.0M$100.0M$150.0M2019: $96.5M$96.5M20192020: $76.4M$76.4M2020−21%2021: $120.6M$120.6M2021+58%2022: $142.3M$142.3M2022+18%2023: $124.2M$124.2M2023−13%2024: $51.3M$51.3M2024−59%2025: $114.1M$114.1M2025+123%
Net income91011128$12.9M in 2025
-$400.0M-$200.0M0$200.0M2019: -$146.0M-$146.0M20192020: -$250.0M-$250.0M2020+71%2021: $152.7M$152.7M20212022: $92.1M$92.1M2022−40%2023: $145.7M$145.7M2023+58%2024: $13.7M$13.7M2024−91%2025: $12.9M$12.9M2025−6%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Total revenue$910.5M$444.7M$397.6M
Cost of service revenue (exclusive of items shown below)$372.7M$99.0M$69.6M
Cost of equipment revenue (exclusive of items shown below)$134.7M$67.6M$63.4M
Engineering, design and development$56.1M$44.8M$36.7M
Sales and marketing$55.8M$38.0M$29.8M
General and administrative$116.7M$125.1M$57.3M
Depreciation and amortization$60.3M$19.0M$16.7M
Total operating expenses$796.4M$393.4M$273.4M
Operating income$114.1M$51.3M$124.2M
Interest income-$4.7M-$8.3M-$7.4M
Interest expense$68.2M$38.4M$33.1M
Change in fair value of earnout liability$11.8M$0$0
Loss on extinguishment of debt$0$0$2.2M
Other (income) expense, net$11.9M$3.0M-$1.3M
Total other (income) expense$87.3M$33.1M$26.6M
Income before income taxes$26.8M$18.1M$97.6M
Income tax provision (benefit)$13.9M$4.4M-$48.1M
Net income$12.9M$13.7M$145.7M
Basic$0.10$0.11$1.12
Diluted$0.09$0.10$1.09
Weighted average shares outstanding basic133.7K shares128.5K shares129.8K shares
Weighted average shares outstanding diluted136.6K shares131.5K shares133.3K shares

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The story

Gogo began in 1991 in a barbecue restaurant in Denison, Texas, where company founder Jimmy Ray sketched his idea for an affordable telephone system for private airplanes on a paper napkin. John D. Goeken of MCI and Airfone had already invented an automated air-to-ground telephone system in the 1970s, and in 1989, he founded In-Flight Phone Corporation as a competitor to GTE Airfone, serving many commercial airline passengers, but not supplying general aviation customers. Through a partnership with cellular providers, Gogo began as Aircell, providing analog-based voice communications on private aircraft in North America. By the late 1990s, Gogo had leveraged a satellite-based system to offer voice communication on overseas flights. The next step was to devise a way to bring in-air connectivity to a larger market. In 2006, Gogo was awarded the U.S. Federal Communications Commission's exclusive Air-To-Ground (ATG) 3 GHz broadband frequency license. In 2008, Gogo made their debut on commercial aircraft.

In June 2011, the company changed its name from Aircell to Gogo as part of a rebranding effort. Prior to the rebrand, Gogo's commercial air service was known as "Gogo Inflight Internet". In September 2014, Aircell rebranded as Gogo Business Aviation.

On June 20, 2013, Gogo announced that it priced its initial public offering of 11 million shares of common stock at $17 per share. Gogo's shares started trading June 21, 2013, on the NASDAQ Global Select Market under the ticker symbol "GOGO".

In June 2015, the company moved its commercial headquarters to 111 North Canal Street in downtown Chicago. As of August 3, 2016, Gogo's had partnerships with 17 major commercial airlines and was installed on nearly 2,500 commercial aircraft and over 6,800 business aircraft. The company had over 1,000 employees. In addition to its Chicago headquarters, Gogo had facilities in Broomfield, CO, and various locations overseas.

In December 2020, the company announced that it had completed sale of its commercial aviation business to Intelsat for $400 million in cash and would focus exclusively on the business aviation market moving forward.

In late 2024, Gogo Business Aviation acquired Satcom Direct. The remaining company rebranded to Gogo.

From Wikipedia’s article on Gogo Inflight Internet, shared under CC BY-SA 4.0.7

Leadership

Who has led Gogo Inflight Internet, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Products and brands

  • in-flight entertainment

Listed on Wikidata.1

From oldest to newest, below are the technologies that Gogo currently uses, has developed, or announced:

Air-to-ground

Gogo's air-to-ground (ATG) network is a cellular radio network (meaning that there is a hand-off when the aircraft moves between service areas) that has more than 200 towers in the continental U.S. and Canada. The ground stations consist of original Airfone air-ground phone relay stations and newer locations, using the 850 MHz ATG band. Unlike terrestrial cell sites, ATG ground stations project a directional signal up into the air where airplanes are, rather than downward, where terrestrial users are. However, the short wavelength used allows segmentation and other cellular technologies in the same way that terrestrial cellphone technology works. The aircraft communicates with the ground stations through an antenna installed on the underbelly of the fuselage. Equipment in the aircraft's avionics bay converts between proprietary Gogo protocols and standard Wi-Fi, which is distributed into the passenger cabin through multiple interior wireless access point nodes.

Gogo provides continuous coverage with minimal interruptions in speed, detected when passing from one cell tower signal to the next. Gogo's connection speed is approximately 500–600 kilobits per second for individual users for downloads and 300 kbit/s for uploads. Total bandwidth for all users on the flight is approximately 3 Mbit/s. Some users reported Speedtest.net benchmarks above 3 Mbit/s, while other users reported low results of 0.03 Mbit/s down and 0.27 up. In January 2015, David P. Reed reported that Gogo service exhibited multiple seconds of latency under load, due to bufferbloat.

ATG-4

Gogo's ATG-4 system is a backwards compatible improvement to the previous ATG system. Maximum total download bandwidth has increased from 3.1 Mbit/s to 9.8 Mbit/s. ATG-4 has been installed on at least 600 aircraft as of 2015. Gogo can upgrade planes from ATG to ATG-4 overnight.

Read the full text

ATG-4 is powered by EV-DO Rev B, one of the only production applications of the B-revision to EV-DO as part of the CDMA2000 standard.

Ku-band satellite

Gogo has satellite agreements in place with SES (for coverage over the U.S., Atlantic Ocean, and Europe) and Intelsat (for coverage over portions of the Atlantic and northern Pacific oceans, as well as routes over South America, Asia, Africa, and Australia). Gogo has also signed an agreement with Intelsat for Ku band satellite capacity, specifically for coverage in the Atlantic and northern Pacific oceans, as well as routes over Central and South America, Asia, Australia, and parts of Africa. Gogo announced in May 2012 that it would partner with satellite equipment provider, AeroSat, to bring a Ku-satellite communications to commercial airlines, allowing Gogo to offer airlines connectivity services that extend beyond the United States, including transoceanic routes, and will serve the needs of some of their airline partners in the near-term until Inmarsat's Global Xpress Ka band-satellite becomes available. Gogo's Ku-band satellite technology is used for Gogo's Ground to Orbit and 2Ku.

Gogo Ground to Orbit

Gogo Ground to Orbit uses a Ku-band satellite antenna for the downlink to the plane and Gogo's Air to Ground for uplink from the plane. Ground to Orbit is in service over the United States, providing peak download speeds of 60 Mbit/s. Virgin America was the launch partner of this service. The Ku-band satellite antennas used for GTO are manufactured by ThinKom Solutions.

2Ku

2Ku, Gogo's newest technology, uses two Ku-band antennas, one for download and the other for upload. Gogo claims that 2Ku will have peak speeds of 70 Mbit/s and has a low-profile 17 cm (6.69 in) tall radome. Like Ground to Orbit, the Ku-band antennas are manufactured by ThinKom Solutions. Aeroméxico was the first airline to commit to using 2Ku.

Gogo was determined to expand markets for its 2Ku service. On November 13, 2015, the company demonstrated 2Ku for two dozen aviation and technology reporters aboard a Boeing 737. The system was able to stream high-definition videos. It was a small horde of “data-hungry journalists on board all trying to kill the system,” said Jason Rabinowitz, manager of data research for Routehappy. Gogo claimed that the service can provide speeds up to 70 megabits per second, with 100 Mbit/s to be available when satellite-beaming techniques are perfected.

Actual speed is less impressive, as discussed in a TechTimes summary of some journalists' findings during the November 13, 2015 trials. "Speedtest rated it at 11.71 Mbit/s downloads, a 656-millisecond ping and uploads of 0.53 Mbit/s on my first try," said Timothy J. Seppala from Engadget. He added that one drawback is the ping time, which varies between 500 and 1000 milliseconds. The Verge's Chris Welch, meanwhile, observed that upload speeds were almost nonexistent, but stressed that casual Internet users seldom need to upload anything larger than a picture or a Vine video anyway. As for streaming, it works brilliantly when [used by] only 18 people." Total bandwidth on the media flight was capped at 25 Mbit/s.

A Gogo press release in September 2015 stated that a Japan Airlines member, JTA, was then the most recent company to order 2Ku connectivity for its 737-800 aircraft. More recently, in a November 12, 2015 press release the company indicates that "8 airlines representing more than 550 aircraft have adopted the [2ku] technology for fleet deployment or a trial of the service." More specifically, in addition to Aeroméxico which already has 2Ku-equipped jets in the air, Virgin Airlines and Delta Air Lines confirmed orders for 2ku service, Gogo CEO Michael Small told Bloomberg Business. More than 1,200 aircraft committed to receiving 2Ku. In February 2019, Alaska Airlines announced a rollout of the 2Ku service to their fleet, with a goal of half of their main fleet activated on the service by 2020. They claim 2Ku will allow passengers to stream online content.

Products

Gogo platform

Gogo's in-air platform gives travelers information, services, and entertainment while the airlines are able to display airline-specific information.

Gogo Text and Talk

Gogo Text enables passengers can send and receive text messages from their mobile phones. Gogo Talk lets passengers make and receive voice calls. In September 2014, T-Mobile US announced a new agreement with Gogo to provide customers with free unlimited WiFi text and multimedia messaging while on board a Gogo WiFi-equipped flight from a U.S.-based airline.

Gogo Vision

Gogo Vision streams movies and TV shows from an onboard server. In July 2014, Gogo launched Delta Studio with Delta Air Lines offering passengers a variety of television shows and movies that will be streamed wirelessly to passengers' own Wi-Fi enabled devices.

Gogo TV

Gogo TV will enable airlines to deliver live television content to passengers own Wi-Fi enabled device. Channel options will be customized by the airline so it will allow passengers to watch popular networks in their country or region. The service currently will only be available to airlines that select Gogo's 2Ku technology. The first airline to commit to Gogo TV is Gol.

From Wikipedia’s article on Gogo Inflight Internet, shared under CC BY-SA 4.0.7

Timeline

  1. Mar 6, 2018New chief executive Oakleigh Thorne becomes CEO17
  2. Jun 21, 2013Went public Listed on NASDAQ1
  3. Jun 20, 2013New chief executive Michael Small becomes CEO18
  4. 1991Founded Founded1

Filings

492 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 57 major events, 361 insider forms, 14 large holders, 39 other. The latest 20:

  1. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
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  8. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 6, 202610-Q EDGAR
  12. Aug 6, 20268-K EDGAR
  13. Jul 28, 2026SCHEDULE 13G/A EDGAR
  14. Jul 24, 20263 PRIMARY DOCUMENT EDGAR
  15. Jul 17, 20268-K EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 492 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 16 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 12, 2026TOWNSEND CHARLES CDirectorBuy158,591$4.57$724.8KForm 4
Mar 11, 2026TOWNSEND CHARLES CDirectorBuy91,409$4.54$415.0KForm 4
Dec 12, 2025THORNE OAKLEIGHDirectorBuy170,000$5.34$907.3KForm 4
Nov 19, 2025TOWNSEND CHARLES CDirectorBuy31,228$7.17$223.9KForm 4
Nov 18, 2025TOWNSEND CHARLES CDirectorBuy58,763$6.87$403.7KForm 4
Nov 17, 2025TOWNSEND CHARLES CDirectorBuy78,695$7.07$556.4KForm 4
Nov 14, 2025TOWNSEND CHARLES CDirectorBuy31,314$7.10$222.3KForm 4
Aug 8, 2025Moore Christopher JohnChief Executive OfficerBuy10,000$12.11$121.1KForm 4
Jun 18, 2025Begler MichaelEVP, COOSale107,136$15.00$1.6MForm 4
May 22, 2025GTCR Partners XII/A&C LPDirectorSale8,500,000$11.00$93.5MForm 4
May 13, 2025CRANDALL ROBERT LDirectorBuy25,000$11.84$296.0KForm 4
Mar 18, 2025TOWNSEND CHARLES CDirectorBuy101,956$6.74$687.2KForm 4
Mar 17, 2025TOWNSEND CHARLES CDirectorBuy98,044$6.57$644.1KForm 4
Mar 17, 2025THORNE OAKLEIGHDirectorBuy75,432$6.57$495.6KForm 4
Mar 14, 2024TOWNSEND CHARLES CDirectorBuy28,857$9.03$260.6KForm 4
Mar 1, 2024TOWNSEND CHARLES CDirectorBuy186,249$8.41$1.6MForm 4
Feb 29, 2024WILLIAMS HARRIS NDirectorBuy12,000$8.10$97.2KForm 4
Feb 29, 2024TOWNSEND CHARLES CDirectorBuy103,405$8.17$844.8KForm 4
Dec 7, 2023Jackson KarenFor. EVP, Chf People Exp. OffSale86,292$10.26$885.2KForm 4
Nov 15, 2023Jackson KarenFor. EVP, Chf People Exp. OffSale33,077$10.36$342.7KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gtcr LLC23,239,011$72.0M1.8%No change
Nantahala Capital Management, LLC17,395,462$53.9M1.6%+8,513,426
BlackRock, Inc.6,123,992$19.0M0.0%−5,860,105
Bank Of America Corp /de/5,170,574$16.0M0.0%−170,041
Vanguard Capital Management LLC3,542,895$11.0M0.0%+55,158
State Street Corp3,324,718$10.3M0.0%−256,050
Qube Research & Technologies Ltd3,134,054$9.7M0.0%+1,184,760
Capco Asset Management, LLC2,818,662$8.7M2.4%−24,186
Citadel Advisors LLC2,594,242$8.0M0.0%+2,146,867
Goldman Sachs Group Inc2,314,277$7.2M0.0%+1,764,495
Geode Capital Management, LLC1,966,836$6.1M0.0%+24,188
Millennium Management LLC1,930,190$6.0M0.0%−206,872
Jpmorgan Chase & Co1,810,531$5.6M0.0%+809,275
D. E. Shaw & Co., Inc.1,690,178$5.2M0.0%+920,616
Algert Global LLC1,211,770$3.8M0.0%+264,135
Tudor Investment Corp Et Al1,116,983$3.5M0.0%+110,474
Vanguard Portfolio Management LLC984,777$3.1M0.0%−171,621
Los Angeles Capital Management LLC940,750$2.9M0.0%+366,784
Dimensional Fund Advisors LP907,983$2.8M0.0%−474,494
Nuveen, LLC897,608$2.8M0.0%+138,054
Charles Schwab Investment Management Inc760,274$2.4M0.0%+70,497
Northern Trust Corp735,859$2.3M0.0%+2,131
Connor, Clark & Lunn Investment Management Ltd.707,522$2.2M0.0%+54,644
LB Partners LLC683,066$2.1M1.4%−120,968
Vanguard Fiduciary Trust Co566,973$1.8M0.0%+33,238

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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