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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $208.8M, roughly 1.1× Bandwidth Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -4.3%, a 6.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 20.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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...
BAND vs GOGO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $230.6M |
| Net Profit | $4.0M | $-10.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 6.2% |
| Net Margin | 1.9% | -4.3% |
| Revenue YoY | 20.1% | 67.3% |
| Net Profit YoY | 200.0% | 64.6% |
| EPS (diluted) | $-0.08 | $-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.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $230.6M | ||
| Q3 25 | $191.9M | $223.6M | ||
| Q2 25 | $180.0M | $226.0M | ||
| Q1 25 | $174.2M | $230.3M | ||
| Q4 24 | $210.0M | $137.8M | ||
| Q3 24 | $193.9M | $100.5M | ||
| Q2 24 | $173.6M | $102.1M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | $-1.2M | $-1.9M | ||
| Q2 25 | $-4.9M | $12.8M | ||
| Q1 25 | $-3.7M | $12.0M | ||
| Q4 24 | — | $-28.2M | ||
| Q3 24 | $413.0K | $10.6M | ||
| Q2 24 | $4.1M | $839.0K |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | 87.8% | ||
| Q1 25 | 41.0% | 87.3% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 6.2% | ||
| Q3 25 | -1.0% | 12.9% | ||
| Q2 25 | -2.1% | 15.9% | ||
| Q1 25 | -2.7% | 15.3% | ||
| Q4 24 | -1.3% | -17.5% | ||
| Q3 24 | -0.5% | 19.0% | ||
| Q2 24 | -3.5% | 21.2% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -4.3% | ||
| Q3 25 | -0.6% | -0.9% | ||
| Q2 25 | -2.7% | 5.7% | ||
| Q1 25 | -2.1% | 5.2% | ||
| Q4 24 | — | -20.5% | ||
| Q3 24 | 0.2% | 10.6% | ||
| Q2 24 | 2.3% | 0.8% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.08 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $-0.16 | $0.09 | ||
| Q1 25 | $-0.13 | $0.09 | ||
| Q4 24 | $0.27 | $-0.22 | ||
| Q3 24 | $0.01 | $0.08 | ||
| Q2 24 | $-0.17 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $101.1M |
| Total Assets | $984.2M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $125.2M | ||
| Q3 25 | $80.4M | $133.6M | ||
| Q2 25 | $68.1M | $102.1M | ||
| Q1 25 | $41.7M | $70.3M | ||
| Q4 24 | $83.8M | $41.8M | ||
| Q3 24 | $79.9M | $176.7M | ||
| Q2 24 | $76.4M | $161.6M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $101.1M | ||
| Q3 25 | $392.7M | $107.0M | ||
| Q2 25 | $384.5M | $102.8M | ||
| Q1 25 | $345.4M | $82.9M | ||
| Q4 24 | $312.5M | $69.3M | ||
| Q3 24 | $336.6M | $52.7M | ||
| Q2 24 | $307.4M | $52.0M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $964.4M | $1.2B | ||
| Q4 24 | $989.2M | $1.2B | ||
| Q3 24 | $1.0B | $810.7M | ||
| Q2 24 | $1.0B | $802.7M |
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 | — | $8.5M |
| Free Cash FlowOCF − Capex | $-1.0M | $-25.4M |
| FCF MarginFCF / Revenue | -0.5% | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $8.5M | ||
| Q3 25 | $22.2M | $46.8M | ||
| Q2 25 | $31.7M | $36.7M | ||
| Q1 25 | $-3.1M | $32.5M | ||
| Q4 24 | $36.5M | $-38.3M | ||
| Q3 24 | $20.5M | $25.1M | ||
| Q2 24 | $24.4M | $24.9M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-25.4M | ||
| Q3 25 | — | $27.3M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $29.7M | ||
| Q4 24 | — | $-42.6M | ||
| Q3 24 | — | $20.7M | ||
| Q2 24 | — | $21.6M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -11.0% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | -30.9% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | 2.36× | ||
| Q2 24 | 6.03× | 29.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
