Gogo Inc. · NASDAQ:GOGO
Gogo — Q2 2026 Earnings Presentation
29 slides from Gogo's earnings presentation, Aug 6, 2026
Slide 1: Investor Presentation Q2 2026
INVESTOR PRESENTATION Q2 2026
Slide 2: Disclaimers: Forward-Looking Statements
DISCLAIMERS Forward-Looking Statements Certain disclosures in this document and related comments by our management include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements r
Slide 3: Disclaimers: Non-GAAP Financial Measures
DISCLAIMERS Non-GAAP Financial Measures We report certain non-GAAP financial measurements, including Adjusted EBITDA and Free Cash Flow in the discussion below. Management uses Adjusted EBITDA and Free Cash Flow for business planning purposes, including managing our business against internally proje
Slide 4: Gogo At-A-Glance
GOGO AT-A-GLANCE Our comprehensive portfolio offers best-in-class aviation-grade solutions for all aircraft types, supporting mission-critical operations worldwide. Three independent services - LEO, GEO and ATG - layered on one MULTI-NETWORK platform, so customers are never dependent on a single sys
Slide 5: Multi-Orbit, Multi-Band Connectivity Supports Diverse Aircraft Types and Mission Profiles
MULTI-ORBIT, MULTI-BAND CONNECTIVITY SUPPORTS DIVERSE AIRCRAFT TYPES AND MISSION PROFILES 500-1,200 KM 35,786 KM Air-to-Ground Gogo Galileo Geostationary (ATG) (LEO) (GEO) Gogo's own nationwide Low-latency, high- Wide-area, high-altitude ATG network and throughput broadband coverage for long-haul an
Slide 6: Connectivity Portfolio: Three Complementary Networks
CONNECTIVITY PORTFOLIO: THREE COMPLEMENTARY NETWORKS LEO LOW-EARTH-ORBIT ATG GEO OWNED NORTH AMERICAN NETWORK WIDE-AREA SATELLITE COVERAGE ● Global broadband — low-latency coverage ● Gogo 5G — live since Jan 2026 across ● Plane Simple antennas — tail-mounted worldwide, even over the poles North Amer
Slide 7: Purpose-Engineered Connectivity for Business and Military/Government Aviation
PURPOSE-ENGINEERED CONNECTIVITY FOR BUSINESS AND MILITARY/GOVERNMENT AVIATION Light & Mid-Size Business Jets NETWORK-NEUTRAL ATG + LEO FUTURE Intelligent switching between LEO + GEO Super-Mid & Large Resilience and optimized Business Jets performance ATG + LEO + GEO Heavy & Ultra-Long-Range Business
Slide 8: Bespoke Offering
BESPOKE OFFERING Four integrated layers that deliver one seamless experience to every aircraft. HARDWARE SOFTWARE Aviation-grade systems Experience & & antennas operations tools • HDX & FDX LEO • FDF · SkyTicket antennas • Gogo Vision • C-1, LX5, L5 & L3 ATG • SD Pro & DASH equipment • Plane Simple
Slide 9: Proprietary Software Platform Complements Hardware Portfolio
PROPRIETARY SOFTWARE PLATFORM COMPLEMENTS HARDWARE PORTFOLIO FlightDeck Freedom (FDF) is the premier, industry-leading datalink service platform that unites flight deck and cabin communications, while seamlessly connecting with leading international trip-planning services. FDF streamlines operations
Slide 10: Global Sales and Support Team
GLOBAL SALES AND SUPPORT TEAM FARNBOROUGH AIRPORT OTTAWA BASEL SEATTLE CHICAGO BROOMFIELD SAVANNAH DUBAI HONG KONG USA REMOTE SUPPORT SINGAPORE SÃO PAULO MELBOURNE ~7,000 650+ AVIATION EXPERTS 12 AIRCRAFT CONNECTED OFFICES AROUND THE GLOBE 10
Slide 11: A Person, A Solution, An Answer, Every Time
A PERSON, A SOLUTION, AN ANSWER, EVERY TIME Reach specialists averaging 15 years in UNPARALLELED aviation, available globally, 24/7/365. Gogo pairs best-in-class connectivity with CUSTOMER Through our global network, we can industry-leading, white-glove service. SERVICE service any aircraft within 2
Slide 12: Financial and Operational Highlights
Financial and Operational Highlights 12
Slide 13: Q2 2026 Financial Summary
Q2 2026 FINANCIAL SUMMARY KEY METRICS EQUIPMENT REVENUE $31.5M Down 18% compared Net Income ($2M) to Q1 2026 TOTAL REVENUE Adj. EBITDA¹ $53.7M $222.8M Down 2% compared to Q1 Free Cash Flow¹ $21.6M 2026 SERVICE REVENUE BA Service Revenue $151.3M $191.3M Up 2% compared to Q1 2026 Mil/Gov Service $39.9
Slide 14: Resilient, Subscription-Based Revenue Model
RESILIENT, SUBSCRIPTION-BASED REVENUE MODEL MULTI-YEAR FLEET 2026 REVISED REVENUE CONTRACTS CONSOLIDATION GUIDANCE Fleet, mil/gov and charter As one provider, Gogo $870–895M agreements typically run 2–10 years, with limited customer concentration. simplifies everything from hardware and installation
Slide 15: Debt Reduction Is Top Capital Allocation Priority
STRONG FREE CASH FLOW GENERATING BUSINESS DEBT REDUCTION IS FCF in $ millions TOP CAPITAL ALLOCATION PRIORITY $80 $75 $15.3 Average $60 $21.1M $40 $30 $34 $31 PRINCIPAL PAID IN APRIL via excess-cash-flow sweep $22 $20 2.5–3.5x $0 -$5 NET DEBT LEVERAGE -$20 over time (target) -$19 -$40 Q1 2025 Q2 202
Slide 16: Transition to Next-Generation ATG Products Continuing to Ramp
TRANSITION TO NEXT-GENERATION ATG PRODUCTS CONTINUING TO RAMP 138 690 ~1200 ATG 5G UNITS SOLD IN Q2 C-1 SYSTEMS ONLINE CUSTOMERS UPGRADED TO 2026 24% increase from Q1 2026 AVANCE 165% increase from Q1 2026 Since LTE transition announced Q4 2025 Q1 2026 Q2 2026 Ongoing 2026 5G SERVICE LAUNCHED CONVER
Slide 17: Record-Breaking Performance Across Military/Government Service Revenue
RECORD-BREAKING PERFORMANCE ACROSS MILITARY / GOVERNMENT SERVICE REVENUE +40% Record quarter across total service revenue, $39.9M totaling $39.9M driven by increased demand +20% and usage. $33.4M $28.6M Longer-duration government contracts and existing blanket purchase agreements provide durable, re
Slide 18: Gogo Galileo (LEO)
GOGO GALILEO (LEO) Cumulative Equipment Units Shipped in Q2 Total LEO Aircraft Online Shipments PRODUCT UPDATES 108 518 184 ● Rollouts with VistaJet, Wheels Up, NetJets and other operators continue to progress well, along with new fleet win with Airshare. ● VistaJet deploying Gogo Galileo HDX across
Slide 19: Air-to-Ground (ATG) Network and 5G Rollout
AIR-TO-GROUND (ATG) NETWORK AND 5G ROLLOUT Total ATG Units Sold in 5G Units in Sales Total ATG Aircraft Online Q2 Pipeline PRODUCT UPDATES 297 450+ 5,731 ● Continued momentum for latest ATG offerings, particularly 5G, and managing transition from legacy units. BUSINESS ● 400 ATG Classic left to tran
Slide 20: GEO
GEO Total GEO Units Shipped YTD Total GEO Aircraft Online PRODUCT UPDATES ~40 1306 ● Plane Simple Ku/Ka-band platforms provide stability across both business and military / government end markets. ● AirX Challenger 850 upgrade is progressing, and U.S. Air Force Mobility Command approval on the C-130
Slide 21: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Gogo has an experienced leadership team with deep industry expertise across key business functions, positioning the Company to effectively manage the current operating environment and execute on its strategic priorities CHRIS MOORE ZACHARY COTNER CRYSTAL GORDON Chief Exec
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS Highly recurring revenue Only multi-orbit, multi- High-margin, capital- Positioned to capitalize streams supported by band platform, efficient operations with on increasing demand mission-critical connectivity complemented by strong free cash flow for high-bandwidth solutions,
Slide 23: Contact
Contact Amy Greene VP, Investor Relations, Communications & Government Affairs agreene@gogoair.com 23
Slide 24: Appendix
Appendix 24
Slide 25: Non-GAAP Measures
NON-GAAP $ in '000 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 MEASURES Adjusted EBITDA Net income (loss) attributable to common stock (GAAP) $ 12,042 $ 12,807 $ (1,930) $ (9,996) $ 13,085 $ (2,009) Interest expense 16,558 16,411 17,681 17,567 16,846 17,593 Interest income (590) (1,182) (1,479)
Slide 26: Condensed Consolidated Statements of Operations
CONDENSED For the Three Months Ended June 30 2026 2025 CONSOLIDATED Revenue: Service revenue $ 191,272 $ 193,965 STATEMENTS OF Equipment revenue Total revenue 31,539 $ 222,811 32,073 $ 226,038 OPERATIONS Operating expenses: (UNAUDITED) Cost of service revenue (exclusive of amounts shown below) 98,11
Slide 27: Condensed Consolidated Balance Sheets
CONDENSED June 30, 2026 December 31, 2025 Assets Current assets: CONSOLIDATED Cash and cash equivalents Accounts receivable, net of allowances of $8,022 and $6,783, respectively $ 63,132 115,727 $ 125,206 112,558 BALANCE SHEETS Inventories Assets held for sale 125,145 26,432 98,853 26,253 (Unaudited
Slide 28: Condensed Consolidated Statements of Cash Flows
CONDENSED For the Six Months Ended June 30 2026 2025 CONSOLIDATED Operating activities: Net income $ 11,076 $ 24,849 STATEMENTS OF Adjustments to reconcile net income to cash provided by operating activities: CASH FLOWS Depreciation and amortization 32,148 29,260 (Unaudited) Loss on asset disposals,
Slide 29: Condensed Consolidated Statements of Cash Flows (continued)
CONDENSED Continued from prior page For the Six Months Ended June 30 2026 2025 CONSOLIDATED Investing activities: Proceeds from sale of property and equipment 71 — STATEMENTS OF Purchases of property and equipment (35,281) (5,929) CASH FLOWS Acquisition of intangible assets—capitalized software (4,9