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Side-by-side financial comparison of Gogo Inc. (GOGO) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $167.7M, roughly 1.4× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -4.3%, a 23.5% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 32.4%). James River Group Holdings, Inc. produced more free cash flow last quarter ($-23.6M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -8.7%).
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...
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
GOGO vs JRVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $167.7M |
| Net Profit | $-10.0M | $32.1M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 14.6% |
| Net Margin | -4.3% | 19.1% |
| Revenue YoY | 67.3% | 32.4% |
| Net Profit YoY | 64.6% | 149.5% |
| EPS (diluted) | $-0.08 | $0.59 |
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 | $167.7M | ||
| Q3 25 | $223.6M | $172.7M | ||
| Q2 25 | $226.0M | $174.8M | ||
| Q1 25 | $230.3M | $172.3M | ||
| Q4 24 | $137.8M | $126.7M | ||
| Q3 24 | $100.5M | $191.5M | ||
| Q2 24 | $102.1M | $188.3M | ||
| Q1 24 | $104.3M | $201.1M |
| Q4 25 | $-10.0M | $32.1M | ||
| Q3 25 | $-1.9M | $1.0M | ||
| Q2 25 | $12.8M | $4.8M | ||
| Q1 25 | $12.0M | $9.6M | ||
| Q4 24 | $-28.2M | $-64.8M | ||
| Q3 24 | $10.6M | $-39.4M | ||
| Q2 24 | $839.0K | $7.6M | ||
| Q1 24 | $30.5M | $15.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | 14.6% | ||
| Q3 25 | 12.9% | 1.5% | ||
| Q2 25 | 15.9% | 4.2% | ||
| Q1 25 | 15.3% | 9.3% | ||
| Q4 24 | -17.5% | -57.0% | ||
| Q3 24 | 19.0% | -27.1% | ||
| Q2 24 | 21.2% | 10.7% | ||
| Q1 24 | 33.2% | 16.4% |
| Q4 25 | -4.3% | 19.1% | ||
| Q3 25 | -0.9% | 0.6% | ||
| Q2 25 | 5.7% | 2.7% | ||
| Q1 25 | 5.2% | 5.6% | ||
| Q4 24 | -20.5% | -51.1% | ||
| Q3 24 | 10.6% | -20.6% | ||
| Q2 24 | 0.8% | 4.0% | ||
| Q1 24 | 29.2% | 7.7% |
| Q4 25 | $-0.08 | $0.59 | ||
| Q3 25 | $-0.01 | $-0.02 | ||
| Q2 25 | $0.09 | $0.06 | ||
| Q1 25 | $0.09 | $0.16 | ||
| Q4 24 | $-0.22 | $-2.44 | ||
| Q3 24 | $0.08 | $-1.10 | ||
| Q2 24 | $0.01 | $0.13 | ||
| Q1 24 | $0.23 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $125.2M | $260.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $538.2M |
| Total Assets | $1.3B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $260.9M | ||
| Q3 25 | $133.6M | $238.8M | ||
| Q2 25 | $102.1M | $220.0M | ||
| Q1 25 | $70.3M | $279.4M | ||
| Q4 24 | $41.8M | $362.3M | ||
| Q3 24 | $176.7M | $359.8M | ||
| Q2 24 | $161.6M | $672.5M | ||
| Q1 24 | $152.8M | $305.5M |
| Q4 25 | $101.1M | $538.2M | ||
| Q3 25 | $107.0M | $503.6M | ||
| Q2 25 | $102.8M | $492.6M | ||
| Q1 25 | $82.9M | $484.5M | ||
| Q4 24 | $69.3M | $460.9M | ||
| Q3 24 | $52.7M | $530.3M | ||
| Q2 24 | $52.0M | $541.8M | ||
| Q1 24 | $62.4M | $539.5M |
| Q4 25 | $1.3B | $4.9B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.3B | $5.0B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.2B | $5.0B | ||
| Q3 24 | $810.7M | $5.0B | ||
| Q2 24 | $802.7M | $4.7B | ||
| Q1 24 | $809.0M | $5.3B |
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 | $-18.8M |
| Free Cash FlowOCF − Capex | $-25.4M | $-23.6M |
| FCF MarginFCF / Revenue | -11.0% | -14.1% |
| Capex IntensityCapex / Revenue | 14.7% | 2.9% |
| Cash ConversionOCF / Net Profit | — | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $-17.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $-18.8M | ||
| Q3 25 | $46.8M | $34.3M | ||
| Q2 25 | $36.7M | $25.2M | ||
| Q1 25 | $32.5M | $-51.5M | ||
| Q4 24 | $-38.3M | $-247.1M | ||
| Q3 24 | $25.1M | $-269.9M | ||
| Q2 24 | $24.9M | $-8.7M | ||
| Q1 24 | $29.7M | $24.1M |
| Q4 25 | $-25.4M | $-23.6M | ||
| Q3 25 | $27.3M | $33.7M | ||
| Q2 25 | $33.5M | $24.7M | ||
| Q1 25 | $29.7M | $-52.7M | ||
| Q4 24 | $-42.6M | $-252.0M | ||
| Q3 24 | $20.7M | $-270.8M | ||
| Q2 24 | $21.6M | $-9.3M | ||
| Q1 24 | $28.2M | $23.3M |
| Q4 25 | -11.0% | -14.1% | ||
| Q3 25 | 12.2% | 19.5% | ||
| Q2 25 | 14.8% | 14.1% | ||
| Q1 25 | 12.9% | -30.6% | ||
| Q4 24 | -30.9% | -198.9% | ||
| Q3 24 | 20.6% | -141.4% | ||
| Q2 24 | 21.1% | -4.9% | ||
| Q1 24 | 27.0% | 11.6% |
| Q4 25 | 14.7% | 2.9% | ||
| Q3 25 | 8.7% | 0.4% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 3.1% | 3.9% | ||
| Q3 24 | 4.4% | 0.4% | ||
| Q2 24 | 3.3% | 0.3% | ||
| Q1 24 | 1.4% | 0.4% |
| Q4 25 | — | -0.59× | ||
| Q3 25 | — | 33.61× | ||
| Q2 25 | 2.87× | 5.29× | ||
| Q1 25 | 2.70× | -5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 29.74× | -1.14× | ||
| Q1 24 | 0.97× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
