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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.7× Emerald Holding, Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -22.8%, a 18.4% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 24.3%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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...
EEX vs GOGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $230.6M |
| Net Profit | $-30.2M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 6.2% |
| Net Margin | -22.8% | -4.3% |
| Revenue YoY | 24.3% | 67.3% |
| Net Profit YoY | -692.2% | 64.6% |
| EPS (diluted) | $-0.15 | $-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 | $132.7M | $230.6M | ||
| Q3 25 | $77.5M | $223.6M | ||
| Q2 25 | $105.5M | $226.0M | ||
| Q1 25 | $147.7M | $230.3M | ||
| Q4 24 | $106.8M | $137.8M | ||
| Q3 24 | $72.6M | $100.5M | ||
| Q2 24 | $86.0M | $102.1M | ||
| Q1 24 | $133.4M | $104.3M |
| Q4 25 | $-30.2M | $-10.0M | ||
| Q3 25 | $-14.4M | $-1.9M | ||
| Q2 25 | $-1.4M | $12.8M | ||
| Q1 25 | $15.3M | $12.0M | ||
| Q4 24 | $5.1M | $-28.2M | ||
| Q3 24 | $-11.1M | $10.6M | ||
| Q2 24 | $-2.8M | $839.0K | ||
| Q1 24 | $11.0M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -11.8% | 6.2% | ||
| Q3 25 | -10.1% | 12.9% | ||
| Q2 25 | 9.7% | 15.9% | ||
| Q1 25 | 24.2% | 15.3% | ||
| Q4 24 | 19.5% | -17.5% | ||
| Q3 24 | -6.5% | 19.0% | ||
| Q2 24 | 7.4% | 21.2% | ||
| Q1 24 | 18.2% | 33.2% |
| Q4 25 | -22.8% | -4.3% | ||
| Q3 25 | -18.6% | -0.9% | ||
| Q2 25 | -1.3% | 5.7% | ||
| Q1 25 | 10.4% | 5.2% | ||
| Q4 24 | 4.8% | -20.5% | ||
| Q3 24 | -15.3% | 10.6% | ||
| Q2 24 | -3.3% | 0.8% | ||
| Q1 24 | 8.2% | 29.2% |
| Q4 25 | $-0.15 | $-0.08 | ||
| Q3 25 | $-0.07 | $-0.01 | ||
| Q2 25 | $-0.01 | $0.09 | ||
| Q1 25 | $0.08 | $0.09 | ||
| Q4 24 | $0.01 | $-0.22 | ||
| Q3 24 | $-0.05 | $0.08 | ||
| Q2 24 | $-0.03 | $0.01 | ||
| Q1 24 | $0.00 | $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 | $100.9M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $101.1M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $125.2M | ||
| Q3 25 | $95.4M | $133.6M | ||
| Q2 25 | $156.4M | $102.1M | ||
| Q1 25 | $276.8M | $70.3M | ||
| Q4 24 | $194.8M | $41.8M | ||
| Q3 24 | $188.9M | $176.7M | ||
| Q2 24 | $193.2M | $161.6M | ||
| Q1 24 | $186.8M | $152.8M |
| Q4 25 | $338.8M | $101.1M | ||
| Q3 25 | $369.5M | $107.0M | ||
| Q2 25 | $389.4M | $102.8M | ||
| Q1 25 | $392.1M | $82.9M | ||
| Q4 24 | $385.9M | $69.3M | ||
| Q3 24 | $391.1M | $52.7M | ||
| Q2 24 | $407.6M | $52.0M | ||
| Q1 24 | $-90.7M | $62.4M |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.1B | $810.7M | ||
| Q2 24 | $1.1B | $802.7M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $8.5M |
| Free Cash FlowOCF − Capex | $11.7M | $-25.4M |
| FCF MarginFCF / Revenue | 8.8% | -11.0% |
| Capex IntensityCapex / Revenue | 0.5% | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $8.5M | ||
| Q3 25 | $1.8M | $46.8M | ||
| Q2 25 | $15.9M | $36.7M | ||
| Q1 25 | $12.6M | $32.5M | ||
| Q4 24 | $20.6M | $-38.3M | ||
| Q3 24 | $9.1M | $25.1M | ||
| Q2 24 | $9.8M | $24.9M | ||
| Q1 24 | $7.3M | $29.7M |
| Q4 25 | $11.7M | $-25.4M | ||
| Q3 25 | $1.5M | $27.3M | ||
| Q2 25 | $15.8M | $33.5M | ||
| Q1 25 | $12.4M | $29.7M | ||
| Q4 24 | $19.9M | $-42.6M | ||
| Q3 24 | $9.0M | $20.7M | ||
| Q2 24 | $9.6M | $21.6M | ||
| Q1 24 | $7.0M | $28.2M |
| Q4 25 | 8.8% | -11.0% | ||
| Q3 25 | 1.9% | 12.2% | ||
| Q2 25 | 15.0% | 14.8% | ||
| Q1 25 | 8.4% | 12.9% | ||
| Q4 24 | 18.6% | -30.9% | ||
| Q3 24 | 12.4% | 20.6% | ||
| Q2 24 | 11.2% | 21.1% | ||
| Q1 24 | 5.2% | 27.0% |
| Q4 25 | 0.5% | 14.7% | ||
| Q3 25 | 0.4% | 8.7% | ||
| Q2 25 | 0.1% | 1.4% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.7% | 3.1% | ||
| Q3 24 | 0.1% | 4.4% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 0.2% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | 0.82× | 2.70× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 29.74× | ||
| Q1 24 | 0.66× | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
