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Side-by-side financial comparison of Gogo Inc. (GOGO) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $15.8M, roughly 14.6× Spire Global, Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -176.6%, a 172.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -26.9%). Spire Global, Inc. produced more free cash flow last quarter ($-16.2M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -32.6%).
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...
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
GOGO vs SPIR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $15.8M |
| Net Profit | $-10.0M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | 6.2% | -164.1% |
| Net Margin | -4.3% | -176.6% |
| Revenue YoY | 67.3% | -26.9% |
| Net Profit YoY | 64.6% | 42.7% |
| EPS (diluted) | $-0.08 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $223.6M | $12.7M | ||
| Q2 25 | $226.0M | $19.2M | ||
| Q1 25 | $230.3M | $23.9M | ||
| Q4 24 | $137.8M | $21.7M | ||
| Q3 24 | $100.5M | $28.6M | ||
| Q2 24 | $102.1M | $25.4M | ||
| Q1 24 | $104.3M | $34.8M |
| Q4 25 | $-10.0M | $-28.0M | ||
| Q3 25 | $-1.9M | $-19.7M | ||
| Q2 25 | $12.8M | $119.6M | ||
| Q1 25 | $12.0M | $-20.7M | ||
| Q4 24 | $-28.2M | $-48.8M | ||
| Q3 24 | $10.6M | $-12.5M | ||
| Q2 24 | $839.0K | $-16.6M | ||
| Q1 24 | $30.5M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | 87.8% | 48.9% | ||
| Q1 25 | 87.3% | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | 6.2% | -164.1% | ||
| Q3 25 | 12.9% | -166.1% | ||
| Q2 25 | 15.9% | -122.7% | ||
| Q1 25 | 15.3% | -106.5% | ||
| Q4 24 | -17.5% | -144.1% | ||
| Q3 24 | 19.0% | -48.0% | ||
| Q2 24 | 21.2% | -48.6% | ||
| Q1 24 | 33.2% | -34.4% |
| Q4 25 | -4.3% | -176.6% | ||
| Q3 25 | -0.9% | -155.3% | ||
| Q2 25 | 5.7% | 623.4% | ||
| Q1 25 | 5.2% | -86.5% | ||
| Q4 24 | -20.5% | -225.2% | ||
| Q3 24 | 10.6% | -43.7% | ||
| Q2 24 | 0.8% | -65.2% | ||
| Q1 24 | 29.2% | -73.3% |
| Q4 25 | $-0.08 | $-0.85 | ||
| Q3 25 | $-0.01 | $-0.61 | ||
| Q2 25 | $0.09 | $3.72 | ||
| Q1 25 | $0.09 | $-0.77 | ||
| Q4 24 | $-0.22 | $-1.93 | ||
| Q3 24 | $0.08 | $-0.50 | ||
| Q2 24 | $0.01 | $-0.68 | ||
| Q1 24 | $0.23 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $112.9M |
| Total Assets | $1.3B | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $81.8M | ||
| Q3 25 | $133.6M | $96.8M | ||
| Q2 25 | $102.1M | $117.6M | ||
| Q1 25 | $70.3M | $35.9M | ||
| Q4 24 | $41.8M | $19.2M | ||
| Q3 24 | $176.7M | $36.6M | ||
| Q2 24 | $161.6M | $45.8M | ||
| Q1 24 | $152.8M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $101.1M | $112.9M | ||
| Q3 25 | $107.0M | $133.1M | ||
| Q2 25 | $102.8M | $149.2M | ||
| Q1 25 | $82.9M | $3.7M | ||
| Q4 24 | $69.3M | $-11.7M | ||
| Q3 24 | $52.7M | $30.8M | ||
| Q2 24 | $52.0M | $40.3M | ||
| Q1 24 | $62.4M | $52.5M |
| Q4 25 | $1.3B | $211.0M | ||
| Q3 25 | $1.3B | $224.3M | ||
| Q2 25 | $1.3B | $239.5M | ||
| Q1 25 | $1.2B | $208.8M | ||
| Q4 24 | $1.2B | $193.6M | ||
| Q3 24 | $810.7M | $224.2M | ||
| Q2 24 | $802.7M | $230.8M | ||
| Q1 24 | $809.0M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $-25.4M | $-16.2M |
| FCF MarginFCF / Revenue | -11.0% | -102.1% |
| Capex IntensityCapex / Revenue | 14.7% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $-4.3M | ||
| Q3 25 | $46.8M | $-12.0M | ||
| Q2 25 | $36.7M | $-35.1M | ||
| Q1 25 | $32.5M | $-8.4M | ||
| Q4 24 | $-38.3M | $-19.2M | ||
| Q3 24 | $25.1M | $14.0M | ||
| Q2 24 | $24.9M | $-4.4M | ||
| Q1 24 | $29.7M | $-8.8M |
| Q4 25 | $-25.4M | $-16.2M | ||
| Q3 25 | $27.3M | $-20.4M | ||
| Q2 25 | $33.5M | $-38.7M | ||
| Q1 25 | $29.7M | $-17.3M | ||
| Q4 24 | $-42.6M | $-24.3M | ||
| Q3 24 | $20.7M | $5.1M | ||
| Q2 24 | $21.6M | $-9.9M | ||
| Q1 24 | $28.2M | $-15.9M |
| Q4 25 | -11.0% | -102.1% | ||
| Q3 25 | 12.2% | -161.3% | ||
| Q2 25 | 14.8% | -201.7% | ||
| Q1 25 | 12.9% | -72.6% | ||
| Q4 24 | -30.9% | -112.2% | ||
| Q3 24 | 20.6% | 17.8% | ||
| Q2 24 | 21.1% | -39.0% | ||
| Q1 24 | 27.0% | -45.7% |
| Q4 25 | 14.7% | 75.1% | ||
| Q3 25 | 8.7% | 66.2% | ||
| Q2 25 | 1.4% | 18.8% | ||
| Q1 25 | 1.2% | 37.3% | ||
| Q4 24 | 3.1% | 23.5% | ||
| Q3 24 | 4.4% | 31.2% | ||
| Q2 24 | 3.3% | 21.8% | ||
| Q1 24 | 1.4% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | -0.29× | ||
| 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
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
SPIR
Segment breakdown not available.
