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Side-by-side financial comparison of Gogo Inc. (GOGO) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $199.5M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -4.3%, a 7.9% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs -4.1%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs -5.7%).
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...
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
GOGO vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $199.5M |
| Net Profit | $-10.0M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 7.7% |
| Net Margin | -4.3% | 3.6% |
| Revenue YoY | 67.3% | -4.1% |
| Net Profit YoY | 64.6% | -78.1% |
| EPS (diluted) | $-0.08 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $230.6M | $208.0M | ||
| Q3 25 | $223.6M | $216.4M | ||
| Q2 25 | $226.0M | $210.5M | ||
| Q1 25 | $230.3M | $217.9M | ||
| Q4 24 | $137.8M | $233.5M | ||
| Q3 24 | $100.5M | $227.0M | ||
| Q2 24 | $102.1M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-10.0M | $33.9M | ||
| Q3 25 | $-1.9M | $31.3M | ||
| Q2 25 | $12.8M | $42.7M | ||
| Q1 25 | $12.0M | $28.1M | ||
| Q4 24 | $-28.2M | $39.5M | ||
| Q3 24 | $10.6M | $49.1M | ||
| Q2 24 | $839.0K | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.2% | 19.1% | ||
| Q3 25 | 12.9% | 21.7% | ||
| Q2 25 | 15.9% | 21.5% | ||
| Q1 25 | 15.3% | 16.8% | ||
| Q4 24 | -17.5% | 21.7% | ||
| Q3 24 | 19.0% | 24.3% | ||
| Q2 24 | 21.2% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -4.3% | 16.3% | ||
| Q3 25 | -0.9% | 14.5% | ||
| Q2 25 | 5.7% | 20.3% | ||
| Q1 25 | 5.2% | 12.9% | ||
| Q4 24 | -20.5% | 16.9% | ||
| Q3 24 | 10.6% | 21.6% | ||
| Q2 24 | 0.8% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.08 | $5.15 | ||
| Q3 25 | $-0.01 | $4.65 | ||
| Q2 25 | $0.09 | $6.12 | ||
| Q1 25 | $0.09 | $4.05 | ||
| Q4 24 | $-0.22 | $4.65 | ||
| Q3 24 | $0.08 | $5.71 | ||
| Q2 24 | $0.01 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | $93.6B |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $125.2M | — | ||
| Q3 25 | $133.6M | — | ||
| Q2 25 | $102.1M | — | ||
| Q1 25 | $70.3M | — | ||
| Q4 24 | $41.8M | — | ||
| Q3 24 | $176.7M | — | ||
| Q2 24 | $161.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $101.1M | $934.0M | ||
| Q3 25 | $107.0M | $918.7M | ||
| Q2 25 | $102.8M | $896.4M | ||
| Q1 25 | $82.9M | $893.7M | ||
| Q4 24 | $69.3M | $897.5M | ||
| Q3 24 | $52.7M | $889.0M | ||
| Q2 24 | $52.0M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.3B | $3.9B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $810.7M | $3.6B | ||
| Q2 24 | $802.7M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| Free Cash FlowOCF − Capex | $-25.4M | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $-67.2M | ||
| Q3 25 | $46.8M | $108.3M | ||
| Q2 25 | $36.7M | $75.8M | ||
| Q1 25 | $32.5M | $-3.8M | ||
| Q4 24 | $-38.3M | $1.8M | ||
| Q3 24 | $25.1M | $69.1M | ||
| Q2 24 | $24.9M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.4M | $-74.1M | ||
| Q3 25 | $27.3M | $106.9M | ||
| Q2 25 | $33.5M | $74.2M | ||
| Q1 25 | $29.7M | $-6.8M | ||
| Q4 24 | $-42.6M | $-3.8M | ||
| Q3 24 | $20.7M | $68.7M | ||
| Q2 24 | $21.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | -35.6% | ||
| Q3 25 | 12.2% | 49.4% | ||
| Q2 25 | 14.8% | 35.2% | ||
| Q1 25 | 12.9% | -3.1% | ||
| Q4 24 | -30.9% | -1.6% | ||
| Q3 24 | 20.6% | 30.3% | ||
| Q2 24 | 21.1% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | 3.3% | ||
| Q3 25 | 8.7% | 0.7% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 1.2% | 1.4% | ||
| Q4 24 | 3.1% | 2.4% | ||
| Q3 24 | 4.4% | 0.2% | ||
| Q2 24 | 3.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 2.87× | 1.77× | ||
| Q1 25 | 2.70× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 2.36× | 1.41× | ||
| Q2 24 | 29.74× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
