Gogo shows an extreme 8.41 asymmetry ratio with 126% modeled upside and strong Piotroski quality, but the engine's risk score sits right at its floor with an explicit extreme-risk exit flag and high short interest during a fragile death-cross recovery.
Thesis pillars
- Extreme Asymmetry Modeled Upside→Stable
- Risk Floor Breach Extreme Factors→Stable
- Strong Piotroski Cash Conversion Despite Decline→Stable
- +1 more pillar — see the Why tab for full reasoning
Gogo Inc. (GOGO) Stock Analysis
Recovery setup · Inst Constrain edge
Communication Services · Telecom Services
Sell if holding. Engine safety override at $3.55: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 8.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below long-term trend.
Gogo is the only multi-orbit, multi-band in-flight connectivity provider for business and military/government aviation, combining its air-to-ground (ATG) network with GEO and newly launched LEO (Gogo Galileo) satellite services. The company served approximately 8,050 customers... Read more
Sell if holding. Engine safety override at $3.55: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 8.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 49. Score 5.1/10, moderate confidence.
Passes 7/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 30d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About Gogo Inc.
About Gogo Inc.
Gogo served approximately 8,050 business and military/government aviation customers as of December 31, 2025, operating a multi-orbit, multi-band in-flight connectivity platform across ATG, GEO satellite, and newly launched LEO (Gogo Galileo) networks. Service revenue made up 84% of 2025 revenue and equipment sales 15%, with more than 90% of equipment revenue flowing through OEM and after-market dealer contracts, and the top 10 service customers accounting for about 29% of 2025 service revenue. Gogo's December 2024 acquisition of Satcom Direct for approximately $375 million in cash plus stock added satellite communications and military/government reach.
Gogo earns service revenue mainly through per-aircraft, per-month subscription plans for connectivity ranging from unlimited data to hourly usage tiers, sold directly to aircraft OEMs including Bombardier, Dassault Falcon, Embraer, Gulfstream, Pilatus, and Textron Aviation, and through a global network of roughly 140 independent aftermarket dealers. Its ATG network runs on 3 MHz of licensed 800 MHz spectrum across about 260 cell sites in the lower 48 states plus Alaska and Canada, supplemented by a newer 170-site Gogo 5G network, while GEO and LEO satellite capacity is sourced from partners including SES, Viasat, Iridium, and Eutelsat OneWeb (via Hughes-built antennas for Gogo Galileo). Within its military/government segment, revenue is expected to represent a reasonably significant share of the total and comes largely from U.S. federal agencies and NATO members under contracts often priced on a fixed-price basis, exposing Gogo to cost-overrun risk on new-technology development programs subject to congressional appropriations.
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Gogo's supply chain concentrates risk in single-source relationships at two levels. It depends on third-party satellite network providers that the 10-K explicitly labels 'single-source providers' for satellite services, exposing Gogo to in-orbit anomalies and satellite failures outside its control. Underneath that, critical equipment components -- antennas, routers, modems, ATG cell-site base station equipment, and the HDX/FDX terminals for Gogo Galileo -- also come from single-source suppliers, and the company estimates that replacing any one of them could take up to two years given intellectual-property and system-integration constraints. That combination means a failure at either a satellite partner or a single component vendor could disrupt Gogo's ability to deliver connectivity across its entire multi-orbit product line simultaneously.
See also: Communication Services · Telecom Services
From Gogo Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-08Recent Developments — Gogo Inc.
Latest news
- NEWS Gogo Announces That Gulfstream Aerospace Received FAA Certificate To Install The Company's Galileo HDX On Gulfstream G65 — benzinga Jul 1, 2026 positive
Generated 2026-07-08T23:14:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerOEMs and after-market dealers (equipment revenue)90%10-K Item 1A: 'More than 90% of our equipment revenue in each such fiscal year was generated from contracts with OEMs and after-market dealers.'
- MEDIUMCustomertop 10 customers (service revenue)29%10-K Item 1: 'Our top ten customers accounted for approximately 29% of our 2025 service revenue (excluding service revenue earned under a network sharing agreement with Intelsat Jackson Holdings S.A. (acquired by SES)'
- HIGHSuppliersatellite network providers10-K Item 1A: 'We depend upon third party satellite networks providers, which are single-source providers, for our satellite services.'
- HIGHSuppliersingle-source component suppliers (antennas, routers, modems)10-K Item 1A: 'Many suppliers of critical components of our equipment are single-source providers. Components for which we rely on single-source suppliers include, among others, the antennas, routers and modems for all systems, the equipment used at our ATG cell site base stations and the HDX and FDX Terminals for our Gogo Galileo network.'
- MEDIUMCustomermilitary/government customers10-K Item 1A: 'Our revenues from military/government customers are expected to represent a reasonably significant percentage of our total revenues, and are expected to be derived primarily from U.S. government applications.'
Material Events(8-K, last 90d)
- 2026-06-02Item 5.02LOWStockholders approved the Amended and Restated 2024 Omnibus Equity Incentive Plan at the May 28, 2026 annual meeting, previously adopted by the board subject to shareholder approval. Routine equity plan amendment; no departure or appointment.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
5 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Revenue shrinking — -1.7% YoY. Growth thesis broken unless recovery story develops.static
Volatile — 6.6% daily ATR makes tight stops impractical. Position-size conservatively.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $3.55: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10 and A.R:R 8.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 49. Prior stop was $3.30. Score 5.1/10, moderate confidence.
Take-profit target: $8.07 (+127.3% upside). Prior stop was $3.30. Stop-loss: $3.30.
Concentration risk — Customer: OEMs and after-market dealers (equipment revenue) (90.0%); Concentration risk — Supplier: satellite network providers; Risk below floor (2.8 < 3.0).
Gogo Inc. trades at a P/E of 38.3 (forward 4.8). TrendMatrix value score: 8.5/10. Verdict: Sell.
9 analysts cover GOGO with a consensus score of 3.9/5. Average price target: $10.
What does Gogo Inc. do?Gogo is the only multi-orbit, multi-band in-flight connectivity provider for business and military/government aviation,...
Gogo is the only multi-orbit, multi-band in-flight connectivity provider for business and military/government aviation, combining its air-to-ground (ATG) network with GEO and newly launched LEO (Gogo Galileo) satellite services. The company served approximately 8,050 customers as of December 31, 2025, following its $375 million cash-plus-stock acquisition of Satcom Direct in December 2024, which added satellite communications and military/government capabilities. Service revenue made up 84% of Gogo's 2025 revenue and equipment sales 15%, with more than 90% of equipment revenue generated throug