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Side-by-side financial comparison of Gogo Inc. (GOGO) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $212.2M, roughly 1.1× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -4.3%, a 23.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 8.6%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 11.1%).

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...

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

GOGO vs RAMP — Head-to-Head

Bigger by revenue
GOGO
GOGO
1.1× larger
GOGO
$230.6M
$212.2M
RAMP
Growing faster (revenue YoY)
GOGO
GOGO
+58.7% gap
GOGO
67.3%
8.6%
RAMP
Higher net margin
RAMP
RAMP
23.1% more per $
RAMP
18.8%
-4.3%
GOGO
Faster 2-yr revenue CAGR
GOGO
GOGO
Annualised
GOGO
48.7%
11.1%
RAMP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
GOGO
GOGO
RAMP
RAMP
Revenue
$230.6M
$212.2M
Net Profit
$-10.0M
$39.9M
Gross Margin
71.9%
Operating Margin
6.2%
18.6%
Net Margin
-4.3%
18.8%
Revenue YoY
67.3%
8.6%
Net Profit YoY
64.6%
255.7%
EPS (diluted)
$-0.08
$0.62

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.

Revenue
GOGO
GOGO
RAMP
RAMP
Q4 25
$230.6M
$212.2M
Q3 25
$223.6M
$199.8M
Q2 25
$226.0M
$194.8M
Q1 25
$230.3M
$188.7M
Q4 24
$137.8M
$195.4M
Q3 24
$100.5M
$185.5M
Q2 24
$102.1M
$176.0M
Q1 24
$104.3M
$171.9M
Net Profit
GOGO
GOGO
RAMP
RAMP
Q4 25
$-10.0M
$39.9M
Q3 25
$-1.9M
$27.4M
Q2 25
$12.8M
$7.7M
Q1 25
$12.0M
$-6.3M
Q4 24
$-28.2M
$11.2M
Q3 24
$10.6M
$1.7M
Q2 24
$839.0K
$-7.5M
Q1 24
$30.5M
$-5.4M
Gross Margin
GOGO
GOGO
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
87.8%
70.1%
Q1 25
87.3%
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
GOGO
GOGO
RAMP
RAMP
Q4 25
6.2%
18.6%
Q3 25
12.9%
10.7%
Q2 25
15.9%
3.7%
Q1 25
15.3%
-6.1%
Q4 24
-17.5%
7.5%
Q3 24
19.0%
4.0%
Q2 24
21.2%
-3.0%
Q1 24
33.2%
-8.3%
Net Margin
GOGO
GOGO
RAMP
RAMP
Q4 25
-4.3%
18.8%
Q3 25
-0.9%
13.7%
Q2 25
5.7%
4.0%
Q1 25
5.2%
-3.3%
Q4 24
-20.5%
5.7%
Q3 24
10.6%
0.9%
Q2 24
0.8%
-4.3%
Q1 24
29.2%
-3.1%
EPS (diluted)
GOGO
GOGO
RAMP
RAMP
Q4 25
$-0.08
$0.62
Q3 25
$-0.01
$0.42
Q2 25
$0.09
$0.12
Q1 25
$0.09
$-0.10
Q4 24
$-0.22
$0.17
Q3 24
$0.08
$0.03
Q2 24
$0.01
$-0.11
Q1 24
$0.23
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GOGO
GOGO
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$125.2M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$101.1M
$962.3M
Total Assets
$1.3B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOGO
GOGO
RAMP
RAMP
Q4 25
$125.2M
$403.4M
Q3 25
$133.6M
$376.9M
Q2 25
$102.1M
$371.1M
Q1 25
$70.3M
$420.8M
Q4 24
$41.8M
$384.3M
Q3 24
$176.7M
$348.4M
Q2 24
$161.6M
$342.7M
Q1 24
$152.8M
$368.9M
Stockholders' Equity
GOGO
GOGO
RAMP
RAMP
Q4 25
$101.1M
$962.3M
Q3 25
$107.0M
$943.8M
Q2 25
$102.8M
$947.8M
Q1 25
$82.9M
$948.9M
Q4 24
$69.3M
$957.7M
Q3 24
$52.7M
$932.1M
Q2 24
$52.0M
$951.9M
Q1 24
$62.4M
$949.1M
Total Assets
GOGO
GOGO
RAMP
RAMP
Q4 25
$1.3B
$1.3B
Q3 25
$1.3B
$1.2B
Q2 25
$1.3B
$1.2B
Q1 25
$1.2B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$810.7M
$1.2B
Q2 24
$802.7M
$1.2B
Q1 24
$809.0M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GOGO
GOGO
RAMP
RAMP
Operating Cash FlowLast quarter
$8.5M
Free Cash FlowOCF − Capex
$-25.4M
FCF MarginFCF / Revenue
-11.0%
Capex IntensityCapex / Revenue
14.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$65.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOGO
GOGO
RAMP
RAMP
Q4 25
$8.5M
Q3 25
$46.8M
$57.4M
Q2 25
$36.7M
$-15.8M
Q1 25
$32.5M
Q4 24
$-38.3M
$45.1M
Q3 24
$25.1M
$55.6M
Q2 24
$24.9M
$-9.3M
Q1 24
$29.7M
Free Cash Flow
GOGO
GOGO
RAMP
RAMP
Q4 25
$-25.4M
Q3 25
$27.3M
$56.8M
Q2 25
$33.5M
$-16.2M
Q1 25
$29.7M
Q4 24
$-42.6M
$44.8M
Q3 24
$20.7M
$55.4M
Q2 24
$21.6M
$-9.6M
Q1 24
$28.2M
FCF Margin
GOGO
GOGO
RAMP
RAMP
Q4 25
-11.0%
Q3 25
12.2%
28.4%
Q2 25
14.8%
-8.3%
Q1 25
12.9%
Q4 24
-30.9%
22.9%
Q3 24
20.6%
29.8%
Q2 24
21.1%
-5.4%
Q1 24
27.0%
Capex Intensity
GOGO
GOGO
RAMP
RAMP
Q4 25
14.7%
0.1%
Q3 25
8.7%
0.3%
Q2 25
1.4%
0.2%
Q1 25
1.2%
0.2%
Q4 24
3.1%
0.1%
Q3 24
4.4%
0.1%
Q2 24
3.3%
0.1%
Q1 24
1.4%
1.0%
Cash Conversion
GOGO
GOGO
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
2.87×
-2.04×
Q1 25
2.70×
Q4 24
4.02×
Q3 24
2.36×
32.10×
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

GOGO
GOGO

Services$191.9M83%
Products$38.7M17%
Fcc Reimbursement Program$2.0M1%

RAMP
RAMP

Segment breakdown not available.

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