Gogo Inc., a global provider of broadband connectivity services for the business and military/government mobility aviation markets, today announced its financial results for the quarter ended June 30, 2025.
Second quarter financial results for Gogo include the impact of the acquisition of Satcom Direct, LLC and certain of its affiliates and subsidiaries (collectively, “Satcom Direct”), which closed on December 3, 2024.
Q2 2025 Financial and Operating Highlights
- Total revenue of $226.0 million increased 121% compared to Q2 2024 and decreased 2% compared to Q1 2025. Total revenue increased 1% compared to Q2 2024 pro-forma revenue of $223.9 million. Satcom Direct contributed revenue of $122.8 million in Q2 2025, compared to its revenues as a standalone company of $121.9 million in Q2 2024.
- Service revenue of $194.0 million increased 137% compared to Q2 2024 and decreased 2% compared to Q1 2025.
- Equipment revenue of $32.1 million increased 59% compared to Q2 2024 and increased 1% compared to Q1 2025.
- Total AVANCE ATG aircraft online (“AOL”)(2) as of June 30, 2025 grew to 4,791, an increase of 14% compared to June 30, 2024 and 2% compared to March 31, 2025.
- AVANCE units comprised approximately 71% of total ATG AOL as of June 30, 2025, up from 60% as of June 30, 2024 and up from 68% as of March 31, 2025.
- AVANCE equipment unit sales in Q2 2025 were the highest in two years. AVANCE units sold(2) totaled 276, an increase of 19% compared to Q2 2024 and an increase of 15% compared to Q1 2025.
- Average Monthly Connectivity Service Revenue per ATG aircraft online (“ARPU”)(2) for the second quarter was $3,445, relatively flat compared to Q2 2024 and Q1 2025.
- Total ATG AOL(2) of 6,730 decreased approximately 4% compared to June 30, 2024 and decreased approximately 2% compared to March 31, 2025.
- AVANCE units comprised approximately 71% of total ATG AOL as of June 30, 2025, up from 60% as of June 30, 2024 and up from 68% as of March 31, 2025.
- Broadband GEO AOL(2) of 1,321 increased by 177 units compared to June 30, 2024 and increased by 41 units compared to March 31, 2025. Broadband GEO AOL includes Satcom Direct aircraft as of June 30, 2024 and March 31, 2025 and excludes aircraft receiving services through GEO satellite networks that are end-of-life.
- Net income of $12.8 million increased significantly compared to $0.8 million in Q2 2024 and increased 6% compared to $12.0 million in Q1 2025.
- Adjusted EBITDA(1) of $61.7 million, which includes approximately $1.3 million of operating expenses related to Gogo Galileo and excludes $3.6 million of acquisition and integration-related costs related to the Satcom Direct acquisition, increased 103% compared to Q2 2024 and was essentially flat compared to Q1 2025.
- Net cash provided by operating activities was $36.7 million in Q2 2025 up from $24.9 million in Q2 2024 and $32.5 million in Q1 2025.
- Free Cash Flow(1) of $33.5 million in Q2 2025 was up from $24.9 million in the prior-year period and up from $30.0 million in Q1 2025.
- Cash and cash equivalents increased to $102.1 million as of June 30, 2025 compared to $70.3 million as of March 31, 2025 and $41.8 million as of December 31, 2024.