Quarterly ResultAug 6, 2026, 04:09 PM
Gogo Q2 Net Loss $2.0M; H1 Net Income Down 55.4%
AI Summary
Gogo Inc. reported a net loss of $2.0 million for the second quarter of 2026, a significant decline from a net income of $12.8 million in the prior year. For the first six months of 2026, net income decreased by 55.4% to $11.1 million, while total revenue saw a slight dip to $449.1 million. The company also noted an increase in its FCC reimbursement receivable to $39.3 million, with the program deadline extended to November 2026.
Key Highlights
- Q2 2026 net loss of $2.0 million, compared to $12.8 million net income in Q2 2025.
- H1 2026 net income decreased 55.4% to $11.1 million from $24.8 million in H1 2025.
- Q2 2026 total revenue was $222.8 million, down from $226.0 million in Q2 2025.
- H1 2026 total revenue was $449.1 million, down from $456.3 million in H1 2025.
- Net cash provided by operating activities for H1 2026 was $25.1 million, down from $69.2 million.
- FCC reimbursement receivable increased to $39.3 million as of June 30, 2026.
- Q2 2026 basic EPS was $(0.01), compared to $0.10 in Q2 2025.
- Q2 2026 Military/Government service revenue increased to $39.9 million from $28.6 million.
Price Impact
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