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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $230.6M, roughly 1.4× Gogo Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -21.4%, a 17.0% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 6.5%). Gogo Inc. produced more free cash flow last quarter ($-25.4M vs $-86.5M).
ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.
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...
ECX vs GOGO — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $230.6M |
| Net Profit | $-69.1M | $-10.0M |
| Gross Margin | 15.5% | — |
| Operating Margin | -20.2% | 6.2% |
| Net Margin | -21.4% | -4.3% |
| Revenue YoY | 6.5% | 67.3% |
| Net Profit YoY | 12.8% | 64.6% |
| EPS (diluted) | $-0.20 | $-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 | — | $230.6M | ||
| Q3 25 | — | $223.6M | ||
| Q2 25 | $323.3M | $226.0M | ||
| Q1 25 | — | $230.3M | ||
| Q4 24 | — | $137.8M | ||
| Q3 24 | — | $100.5M | ||
| Q2 24 | $303.5M | $102.1M | ||
| Q1 24 | — | $104.3M |
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-1.9M | ||
| Q2 25 | $-69.1M | $12.8M | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | — | $-28.2M | ||
| Q3 24 | — | $10.6M | ||
| Q2 24 | $-79.2M | $839.0K | ||
| Q1 24 | — | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.5% | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | -20.2% | 15.9% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | -17.5% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | -22.2% | 21.2% | ||
| Q1 24 | — | 33.2% |
| Q4 25 | — | -4.3% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | -21.4% | 5.7% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | -20.5% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | -26.1% | 0.8% | ||
| Q1 24 | — | 29.2% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | $-0.20 | $0.09 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $-0.22 | ||
| Q3 24 | — | $0.08 | ||
| Q2 24 | $-0.23 | $0.01 | ||
| Q1 24 | — | $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 | $86.2M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.7M | $101.1M |
| Total Assets | $494.9M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $125.2M | ||
| Q3 25 | — | $133.6M | ||
| Q2 25 | $86.2M | $102.1M | ||
| Q1 25 | — | $70.3M | ||
| Q4 24 | — | $41.8M | ||
| Q3 24 | — | $176.7M | ||
| Q2 24 | $108.4M | $161.6M | ||
| Q1 24 | — | $152.8M |
| Q4 25 | — | $101.1M | ||
| Q3 25 | — | $107.0M | ||
| Q2 25 | $-293.7M | $102.8M | ||
| Q1 25 | — | $82.9M | ||
| Q4 24 | — | $69.3M | ||
| Q3 24 | — | $52.7M | ||
| Q2 24 | $-198.5M | $52.0M | ||
| Q1 24 | — | $62.4M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $494.9M | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $810.7M | ||
| Q2 24 | $555.0M | $802.7M | ||
| Q1 24 | — | $809.0M |
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 | $-82.0M | $8.5M |
| Free Cash FlowOCF − Capex | $-86.5M | $-25.4M |
| FCF MarginFCF / Revenue | -26.7% | -11.0% |
| Capex IntensityCapex / Revenue | 1.4% | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.5M | ||
| Q3 25 | — | $46.8M | ||
| Q2 25 | $-82.0M | $36.7M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | — | $-38.3M | ||
| Q3 24 | — | $25.1M | ||
| Q2 24 | $-57.1M | $24.9M | ||
| Q1 24 | — | $29.7M |
| Q4 25 | — | $-25.4M | ||
| Q3 25 | — | $27.3M | ||
| Q2 25 | $-86.5M | $33.5M | ||
| Q1 25 | — | $29.7M | ||
| Q4 24 | — | $-42.6M | ||
| Q3 24 | — | $20.7M | ||
| Q2 24 | $-64.9M | $21.6M | ||
| Q1 24 | — | $28.2M |
| Q4 25 | — | -11.0% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | -26.7% | 14.8% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | -30.9% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | -21.4% | 21.1% | ||
| Q1 24 | — | 27.0% |
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | 1.4% | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | 2.6% | 3.3% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 29.74× | ||
| Q1 24 | — | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECX
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
