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Side-by-side financial comparison of CALIX, INC (CALX) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
CALIX, INC is the larger business by last-quarter revenue ($280.0M vs $230.6M, roughly 1.2× Gogo Inc.). CALIX, INC runs the higher net margin — 4.0% vs -4.3%, a 8.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 27.1%). CALIX, INC produced more free cash flow last quarter ($6.5M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 18.9%).
Calix, Inc. is a telecommunications company that specializes in providing software platforms, systems, and services to support the delivery of broadband services. The company was founded in 1999 and is headquartered in San Jose, California.
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...
CALX vs GOGO — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $280.0M | $230.6M |
| Net Profit | $11.2M | $-10.0M |
| Gross Margin | 56.9% | — |
| Operating Margin | — | 6.2% |
| Net Margin | 4.0% | -4.3% |
| Revenue YoY | 27.1% | 67.3% |
| Net Profit YoY | 334.2% | 64.6% |
| EPS (diluted) | $0.16 | $-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 | $280.0M | — | ||
| Q4 25 | $272.4M | $230.6M | ||
| Q3 25 | $265.4M | $223.6M | ||
| Q2 25 | $241.9M | $226.0M | ||
| Q1 25 | $220.2M | $230.3M | ||
| Q4 24 | $206.1M | $137.8M | ||
| Q3 24 | $200.9M | $100.5M | ||
| Q2 24 | $198.1M | $102.1M |
| Q1 26 | $11.2M | — | ||
| Q4 25 | $7.2M | $-10.0M | ||
| Q3 25 | $15.7M | $-1.9M | ||
| Q2 25 | $-199.0K | $12.8M | ||
| Q1 25 | $-4.8M | $12.0M | ||
| Q4 24 | $-17.9M | $-28.2M | ||
| Q3 24 | $-4.0M | $10.6M | ||
| Q2 24 | $-8.0M | $839.0K |
| Q1 26 | 56.9% | — | ||
| Q4 25 | 57.7% | — | ||
| Q3 25 | 57.3% | — | ||
| Q2 25 | 56.3% | 87.8% | ||
| Q1 25 | 55.7% | 87.3% | ||
| Q4 24 | 55.0% | — | ||
| Q3 24 | 54.8% | — | ||
| Q2 24 | 54.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 6.2% | ||
| Q3 25 | 6.6% | 12.9% | ||
| Q2 25 | 0.2% | 15.9% | ||
| Q1 25 | -2.8% | 15.3% | ||
| Q4 24 | -9.1% | -17.5% | ||
| Q3 24 | -5.4% | 19.0% | ||
| Q2 24 | -5.7% | 21.2% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 2.6% | -4.3% | ||
| Q3 25 | 5.9% | -0.9% | ||
| Q2 25 | -0.1% | 5.7% | ||
| Q1 25 | -2.2% | 5.2% | ||
| Q4 24 | -8.7% | -20.5% | ||
| Q3 24 | -2.0% | 10.6% | ||
| Q2 24 | -4.0% | 0.8% |
| Q1 26 | $0.16 | — | ||
| Q4 25 | $0.11 | $-0.08 | ||
| Q3 25 | $0.22 | $-0.01 | ||
| Q2 25 | $0.00 | $0.09 | ||
| Q1 25 | $-0.07 | $0.09 | ||
| Q4 24 | $-0.27 | $-0.22 | ||
| Q3 24 | $-0.06 | $0.08 | ||
| Q2 24 | $-0.12 | $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 | $54.6M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $738.0M | $101.1M |
| Total Assets | — | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $54.6M | — | ||
| Q4 25 | $143.1M | $125.2M | ||
| Q3 25 | $95.0M | $133.6M | ||
| Q2 25 | $76.5M | $102.1M | ||
| Q1 25 | $42.3M | $70.3M | ||
| Q4 24 | $43.2M | $41.8M | ||
| Q3 24 | $62.4M | $176.7M | ||
| Q2 24 | $84.5M | $161.6M |
| Q1 26 | $738.0M | — | ||
| Q4 25 | $859.2M | $101.1M | ||
| Q3 25 | $822.5M | $107.0M | ||
| Q2 25 | $772.7M | $102.8M | ||
| Q1 25 | $767.2M | $82.9M | ||
| Q4 24 | $780.9M | $69.3M | ||
| Q3 24 | $778.7M | $52.7M | ||
| Q2 24 | $754.2M | $52.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $976.4M | $1.3B | ||
| Q2 25 | $921.4M | $1.3B | ||
| Q1 25 | $917.1M | $1.2B | ||
| Q4 24 | $939.3M | $1.2B | ||
| Q3 24 | $937.5M | $810.7M | ||
| Q2 24 | $917.9M | $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 | $14.6M | $8.5M |
| Free Cash FlowOCF − Capex | $6.5M | $-25.4M |
| FCF MarginFCF / Revenue | 2.3% | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | 1.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.6M | — | ||
| Q4 25 | $46.0M | $8.5M | ||
| Q3 25 | $32.3M | $46.8M | ||
| Q2 25 | $39.4M | $36.7M | ||
| Q1 25 | $17.2M | $32.5M | ||
| Q4 24 | $15.4M | $-38.3M | ||
| Q3 24 | $16.0M | $25.1M | ||
| Q2 24 | $22.3M | $24.9M |
| Q1 26 | $6.5M | — | ||
| Q4 25 | $40.3M | $-25.4M | ||
| Q3 25 | $26.7M | $27.3M | ||
| Q2 25 | $35.6M | $33.5M | ||
| Q1 25 | $12.9M | $29.7M | ||
| Q4 24 | $10.2M | $-42.6M | ||
| Q3 24 | $12.8M | $20.7M | ||
| Q2 24 | $16.4M | $21.6M |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.8% | -11.0% | ||
| Q3 25 | 10.1% | 12.2% | ||
| Q2 25 | 14.7% | 14.8% | ||
| Q1 25 | 5.9% | 12.9% | ||
| Q4 24 | 5.0% | -30.9% | ||
| Q3 24 | 6.3% | 20.6% | ||
| Q2 24 | 8.3% | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 14.7% | ||
| Q3 25 | 2.1% | 8.7% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 2.5% | 3.1% | ||
| Q3 24 | 1.6% | 4.4% | ||
| Q2 24 | 3.0% | 3.3% |
| Q1 26 | 1.31× | — | ||
| Q4 25 | 6.38× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 29.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CALX
| Appliance | $232.8M | 83% |
| Software and service | $47.1M | 17% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
