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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $230.6M, roughly 1.7× Gogo Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs -4.3%, a 37.7% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 25.1%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 14.3%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
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 de...
AX vs GOGO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $230.6M |
| Net Profit | $128.4M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 6.2% |
| Net Margin | 33.3% | -4.3% |
| Revenue YoY | 25.1% | 67.3% |
| Net Profit YoY | 22.6% | 64.6% |
| EPS (diluted) | $2.22 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $385.1M | $230.6M | ||
| Q3 25 | $323.4M | $223.6M | ||
| Q2 25 | $321.4M | $226.0M | ||
| Q1 25 | $308.8M | $230.3M | ||
| Q4 24 | $307.9M | $137.8M | ||
| Q3 24 | $320.7M | $100.5M | ||
| Q2 24 | $290.9M | $102.1M | ||
| Q1 24 | $294.8M | $104.3M |
| Q4 25 | $128.4M | $-10.0M | ||
| Q3 25 | $112.4M | $-1.9M | ||
| Q2 25 | $110.7M | $12.8M | ||
| Q1 25 | $105.2M | $12.0M | ||
| Q4 24 | $104.7M | $-28.2M | ||
| Q3 24 | $112.3M | $10.6M | ||
| Q2 24 | $104.9M | $839.0K | ||
| Q1 24 | $110.7M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 45.6% | 6.2% | ||
| Q3 25 | 46.3% | 12.9% | ||
| Q2 25 | 48.5% | 15.9% | ||
| Q1 25 | 47.9% | 15.3% | ||
| Q4 24 | 48.8% | -17.5% | ||
| Q3 24 | 49.6% | 19.0% | ||
| Q2 24 | 49.6% | 21.2% | ||
| Q1 24 | 52.8% | 33.2% |
| Q4 25 | 33.3% | -4.3% | ||
| Q3 25 | 34.7% | -0.9% | ||
| Q2 25 | 34.4% | 5.7% | ||
| Q1 25 | 34.1% | 5.2% | ||
| Q4 24 | 34.0% | -20.5% | ||
| Q3 24 | 35.0% | 10.6% | ||
| Q2 24 | 36.0% | 0.8% | ||
| Q1 24 | 37.6% | 29.2% |
| Q4 25 | $2.22 | $-0.08 | ||
| Q3 25 | $1.94 | $-0.01 | ||
| Q2 25 | $1.89 | $0.09 | ||
| Q1 25 | $1.81 | $0.09 | ||
| Q4 24 | $1.80 | $-0.22 | ||
| Q3 24 | $1.93 | $0.08 | ||
| Q2 24 | $1.75 | $0.01 | ||
| Q1 24 | $1.91 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $101.1M |
| Total Assets | $28.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $125.2M | ||
| Q3 25 | $2.6B | $133.6M | ||
| Q2 25 | $1.9B | $102.1M | ||
| Q1 25 | $2.0B | $70.3M | ||
| Q4 24 | $2.4B | $41.8M | ||
| Q3 24 | $2.6B | $176.7M | ||
| Q2 24 | $2.0B | $161.6M | ||
| Q1 24 | $2.1B | $152.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
| Q4 25 | $2.9B | $101.1M | ||
| Q3 25 | $2.8B | $107.0M | ||
| Q2 25 | $2.7B | $102.8M | ||
| Q1 25 | $2.6B | $82.9M | ||
| Q4 24 | $2.5B | $69.3M | ||
| Q3 24 | $2.4B | $52.7M | ||
| Q2 24 | $2.3B | $52.0M | ||
| Q1 24 | $2.2B | $62.4M |
| Q4 25 | $28.2B | $1.3B | ||
| Q3 25 | $27.4B | $1.3B | ||
| Q2 25 | $24.8B | $1.3B | ||
| Q1 25 | $24.0B | $1.2B | ||
| Q4 24 | $23.7B | $1.2B | ||
| Q3 24 | $23.6B | $810.7M | ||
| Q2 24 | $22.9B | $802.7M | ||
| Q1 24 | $22.6B | $809.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $104.1M | $8.5M |
| Free Cash FlowOCF − Capex | $85.4M | $-25.4M |
| FCF MarginFCF / Revenue | 22.2% | -11.0% |
| Capex IntensityCapex / Revenue | 4.9% | 14.7% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $8.5M | ||
| Q3 25 | $118.4M | $46.8M | ||
| Q2 25 | $490.3M | $36.7M | ||
| Q1 25 | $73.7M | $32.5M | ||
| Q4 24 | $162.5M | $-38.3M | ||
| Q3 24 | $70.8M | $25.1M | ||
| Q2 24 | $305.5M | $24.9M | ||
| Q1 24 | $115.8M | $29.7M |
| Q4 25 | $85.4M | $-25.4M | ||
| Q3 25 | $109.3M | $27.3M | ||
| Q2 25 | $436.1M | $33.5M | ||
| Q1 25 | $65.1M | $29.7M | ||
| Q4 24 | $156.4M | $-42.6M | ||
| Q3 24 | $53.0M | $20.7M | ||
| Q2 24 | $269.5M | $21.6M | ||
| Q1 24 | $107.3M | $28.2M |
| Q4 25 | 22.2% | -11.0% | ||
| Q3 25 | 33.8% | 12.2% | ||
| Q2 25 | 135.7% | 14.8% | ||
| Q1 25 | 21.1% | 12.9% | ||
| Q4 24 | 50.8% | -30.9% | ||
| Q3 24 | 16.5% | 20.6% | ||
| Q2 24 | 92.6% | 21.1% | ||
| Q1 24 | 36.4% | 27.0% |
| Q4 25 | 4.9% | 14.7% | ||
| Q3 25 | 2.8% | 8.7% | ||
| Q2 25 | 16.9% | 1.4% | ||
| Q1 25 | 2.8% | 1.2% | ||
| Q4 24 | 2.0% | 3.1% | ||
| Q3 24 | 5.5% | 4.4% | ||
| Q2 24 | 12.4% | 3.3% | ||
| Q1 24 | 2.9% | 1.4% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 2.87× | ||
| Q1 25 | 0.70× | 2.70× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 2.36× | ||
| Q2 24 | 2.91× | 29.74× | ||
| Q1 24 | 1.05× | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
