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Gogo vs Iridium Communications: revenue, profit, margins and growth compared

Gogo brought in $910.5M of revenue in fiscal 2025, Iridium Communications $871.7M in fiscal 2025. Revenue changed by +104.7% at Gogo and +4.9% at Iridium Communications on the year before, so Gogo grew faster. Gogo kept 1.4% of its revenue as net profit, Iridium Communications 13.1%. Free cash flow was $65.1M at Gogo and $299.8M at Iridium Communications.

Side by side, latest fiscal year

GOGOIRDM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$910.5M$871.7M
Revenue growth+104.7%+4.9%
Net income$12.9M$114.4M
Net margin1.4%13.1%
Free cash flow$65.1M$299.8M
Free cash flow margin7.2%34.4%
Earnings per share (diluted)$0.09$1.06
Cash$125.2M$96.5M
Debt$836.1M$1.8B
Price to earnings25.646.0
Market value$311.7M$5.2B
Dividend yieldn/an/a
Rank by revenue in sector#478 of 778 · Consumer discretionary#485 of 778 · Consumer discretionary

Over the years

Revenue
GOGO FY2018: $290.2MGOGO FY2019: $309MGOGO FY2020: $269.7MGOGO FY2021: $335.7MGOGO FY2022: $404.1MGOGO FY2023: $397.6MGOGO FY2024: $444.7MGOGO FY2025: $910.5MIRDM FY2018: $523MIRDM FY2019: $560.4MIRDM FY2020: $583.4MIRDM FY2021: $614.5MIRDM FY2022: $721MIRDM FY2023: $790.7MIRDM FY2024: $830.7MIRDM FY2025: $871.7MFY18FY19FY20FY21FY22FY23FY24FY25
GOGO $910.5MIRDM $871.7M
Net income
GOGO FY2018: -$162MGOGO FY2019: -$146MGOGO FY2020: -$250MGOGO FY2021: $152.7MGOGO FY2022: $92.1MGOGO FY2023: $145.7MGOGO FY2024: $13.7MGOGO FY2025: $12.9MIRDM FY2018: -$13.4MIRDM FY2019: -$162MIRDM FY2020: -$56.1MIRDM FY2021: -$9.3MIRDM FY2022: $8.7MIRDM FY2023: $15.4MIRDM FY2024: $112.8MIRDM FY2025: $114.4MFY18FY19FY20FY21FY22FY23FY24FY25
GOGO $12.9MIRDM $114.4M
Net margin
GOGO FY2018: -55.8%GOGO FY2019: -47.3%GOGO FY2020: -92.7%GOGO FY2021: 45.5%GOGO FY2022: 22.8%GOGO FY2023: 36.6%GOGO FY2024: 3.1%GOGO FY2025: 1.4%IRDM FY2018: -2.6%IRDM FY2019: -28.9%IRDM FY2020: -9.6%IRDM FY2021: -1.5%IRDM FY2022: 1.2%IRDM FY2023: 1.9%IRDM FY2024: 13.6%IRDM FY2025: 13.1%FY18FY19FY20FY21FY22FY23FY24FY25
GOGO 1.4%IRDM 13.1%
Revenue growth
GOGO FY2019: +6.5%GOGO FY2020: -12.7%GOGO FY2021: +24.5%GOGO FY2022: +20.4%GOGO FY2023: -1.6%GOGO FY2024: +11.9%GOGO FY2025: +104.7%IRDM FY2019: +7.2%IRDM FY2020: +4.1%IRDM FY2021: +5.3%IRDM FY2022: +17.3%IRDM FY2023: +9.7%IRDM FY2024: +5.1%IRDM FY2025: +4.9%FY19FY20FY21FY22FY23FY24FY25
GOGO +104.7%IRDM +4.9%
Free cash flow
GOGO FY2018: -$85MGOGO FY2019: $62.6MGOGO FY2020: $2.7MGOGO FY2021: $62.4MGOGO FY2022: $59.5MGOGO FY2023: $62.7MGOGO FY2024: $27.9MGOGO FY2025: $65.1MIRDM FY2018: -$127.7MIRDM FY2019: $80.3MIRDM FY2020: $211.1MIRDM FY2021: $260.7MIRDM FY2022: $273.5MIRDM FY2023: $241.4MIRDM FY2024: $306.1MIRDM FY2025: $299.8MFY18FY19FY20FY21FY22FY23FY24FY25
GOGO $65.1MIRDM $299.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Gogo and Iridium Communications

Which is bigger by revenue, Gogo or Iridium Communications?

Gogo is bigger by revenue: $910.5M in fiscal 2025, against $871.7M for Iridium Communications in fiscal 2025.

Which keeps more of its revenue as profit, Gogo or Iridium Communications?

Gogo had a net margin of 1.4% in fiscal 2025; Iridium Communications had 13.1% in fiscal 2025.

Which grew revenue faster, Gogo or Iridium Communications?

In their latest fiscal years revenue changed by +104.7% at Gogo and +4.9% at Iridium Communications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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