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Side-by-side financial comparison of Gogo Inc. (GOGO) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $230.6M, roughly 1.7× Gogo Inc.). Zeta Global Holdings Corp. runs the higher net margin — 1.7% vs -4.3%, a 6.0% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 25.4%). Zeta Global Holdings Corp. produced more free cash flow last quarter ($60.9M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 42.3%).
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...
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
GOGO vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $394.6M |
| Net Profit | $-10.0M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 6.2% | 4.5% |
| Net Margin | -4.3% | 1.7% |
| Revenue YoY | 67.3% | 25.4% |
| Net Profit YoY | 64.6% | -57.1% |
| EPS (diluted) | $-0.08 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $223.6M | $337.2M | ||
| Q2 25 | $226.0M | $308.4M | ||
| Q1 25 | $230.3M | $264.4M | ||
| Q4 24 | $137.8M | $314.7M | ||
| Q3 24 | $100.5M | $268.3M | ||
| Q2 24 | $102.1M | $227.8M | ||
| Q1 24 | $104.3M | $194.9M |
| Q4 25 | $-10.0M | $6.5M | ||
| Q3 25 | $-1.9M | $-3.6M | ||
| Q2 25 | $12.8M | $-12.8M | ||
| Q1 25 | $12.0M | $-21.6M | ||
| Q4 24 | $-28.2M | $15.2M | ||
| Q3 24 | $10.6M | $-17.4M | ||
| Q2 24 | $839.0K | $-28.1M | ||
| Q1 24 | $30.5M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | 87.8% | 62.1% | ||
| Q1 25 | 87.3% | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 6.2% | 4.5% | ||
| Q3 25 | 12.9% | 2.6% | ||
| Q2 25 | 15.9% | -1.7% | ||
| Q1 25 | 15.3% | -6.1% | ||
| Q4 24 | -17.5% | 2.2% | ||
| Q3 24 | 19.0% | -4.6% | ||
| Q2 24 | 21.2% | -11.7% | ||
| Q1 24 | 33.2% | -18.4% |
| Q4 25 | -4.3% | 1.7% | ||
| Q3 25 | -0.9% | -1.1% | ||
| Q2 25 | 5.7% | -4.2% | ||
| Q1 25 | 5.2% | -8.2% | ||
| Q4 24 | -20.5% | 4.8% | ||
| Q3 24 | 10.6% | -6.5% | ||
| Q2 24 | 0.8% | -12.3% | ||
| Q1 24 | 29.2% | -20.3% |
| Q4 25 | $-0.08 | $0.04 | ||
| Q3 25 | $-0.01 | $-0.02 | ||
| Q2 25 | $0.09 | $-0.06 | ||
| Q1 25 | $0.09 | $-0.10 | ||
| Q4 24 | $-0.22 | $0.10 | ||
| Q3 24 | $0.08 | $-0.09 | ||
| Q2 24 | $0.01 | $-0.16 | ||
| Q1 24 | $0.23 | $-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 | $125.2M | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $101.1M | $804.6M |
| Total Assets | $1.3B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $319.8M | ||
| Q3 25 | $133.6M | $385.2M | ||
| Q2 25 | $102.1M | $365.3M | ||
| Q1 25 | $70.3M | $364.4M | ||
| Q4 24 | $41.8M | $366.2M | ||
| Q3 24 | $176.7M | $418.5M | ||
| Q2 24 | $161.6M | $154.7M | ||
| Q1 24 | $152.8M | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $101.1M | $804.6M | ||
| Q3 25 | $107.0M | $689.2M | ||
| Q2 25 | $102.8M | $673.3M | ||
| Q1 25 | $82.9M | $676.6M | ||
| Q4 24 | $69.3M | $676.8M | ||
| Q3 24 | $52.7M | $474.9M | ||
| Q2 24 | $52.0M | $217.0M | ||
| Q1 24 | $62.4M | $191.6M |
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $810.7M | $869.1M | ||
| Q2 24 | $802.7M | $583.9M | ||
| Q1 24 | $809.0M | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $-25.4M | $60.9M |
| FCF MarginFCF / Revenue | -11.0% | 15.4% |
| Capex IntensityCapex / Revenue | 14.7% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $64.1M | ||
| Q3 25 | $46.8M | $57.9M | ||
| Q2 25 | $36.7M | $42.0M | ||
| Q1 25 | $32.5M | $34.8M | ||
| Q4 24 | $-38.3M | $43.7M | ||
| Q3 24 | $25.1M | $34.4M | ||
| Q2 24 | $24.9M | $31.1M | ||
| Q1 24 | $29.7M | $24.7M |
| Q4 25 | $-25.4M | $60.9M | ||
| Q3 25 | $27.3M | $52.4M | ||
| Q2 25 | $33.5M | $39.7M | ||
| Q1 25 | $29.7M | $32.1M | ||
| Q4 24 | $-42.6M | $35.4M | ||
| Q3 24 | $20.7M | $29.5M | ||
| Q2 24 | $21.6M | $24.4M | ||
| Q1 24 | $28.2M | $18.9M |
| Q4 25 | -11.0% | 15.4% | ||
| Q3 25 | 12.2% | 15.6% | ||
| Q2 25 | 14.8% | 12.9% | ||
| Q1 25 | 12.9% | 12.1% | ||
| Q4 24 | -30.9% | 11.3% | ||
| Q3 24 | 20.6% | 11.0% | ||
| Q2 24 | 21.1% | 10.7% | ||
| Q1 24 | 27.0% | 9.7% |
| Q4 25 | 14.7% | 0.8% | ||
| Q3 25 | 8.7% | 1.6% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 1.2% | 1.0% | ||
| Q4 24 | 3.1% | 2.6% | ||
| Q3 24 | 4.4% | 1.8% | ||
| Q2 24 | 3.3% | 3.0% | ||
| Q1 24 | 1.4% | 3.0% |
| Q4 25 | — | 9.81× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
