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Gogo vs Viasat: revenue, profit, margins and growth compared

Gogo brought in $910.5M of revenue in fiscal 2025, Viasat $4.6B in fiscal 2026. Revenue changed by +104.7% at Gogo and +2.7% at Viasat on the year before, so Gogo grew faster. Gogo kept 1.4% of its revenue as net profit, Viasat -0.7%.

Side by side, latest fiscal year

GOGOVSAT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$910.5M$4.6B
Revenue growth+104.7%+2.7%
Net income$12.9M-$34.1M
Net margin1.4%-0.7%
Free cash flow$65.1Mn/a
Free cash flow margin7.2%n/a
Earnings per share (diluted)$0.09-$0.25
Cash$125.2M$1.7B
Debt$836.1M$57.8M
Price to earnings25.6n/a
Market value$311.7M$10.1B
Dividend yieldn/an/a
Rank by revenue in sector#478 of 778 · Consumer discretionary#215 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: $910.5MVSAT FY2019: $2.1BVSAT FY2020: $2.3BVSAT FY2021: $1.9BVSAT FY2022: $2.4BVSAT FY2023: $2.6BVSAT FY2024: $4.3BVSAT FY2025: $4.5BVSAT FY2026: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GOGO $910.5MVSAT $4.6B
Net income
GOGO FY2018: -$162MGOGO FY2019: -$146MGOGO FY2020: -$250MGOGO FY2021: $152.7MGOGO FY2022: $92.1MGOGO FY2023: $145.7MGOGO FY2024: $13.7MGOGO FY2025: $12.9MVSAT FY2019: -$67.6MVSAT FY2020: -$212KVSAT FY2021: $3.7MVSAT FY2022: -$15.5MVSAT FY2023: $1.1BVSAT FY2024: -$1.1BVSAT FY2025: -$575MVSAT FY2026: -$34.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GOGO $12.9MVSAT -$34.1M
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%VSAT FY2019: -3.3%VSAT FY2020: -0.0%VSAT FY2021: 0.2%VSAT FY2022: -0.6%VSAT FY2023: 42.4%VSAT FY2024: -25.0%VSAT FY2025: -12.7%VSAT FY2026: -0.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GOGO 1.4%VSAT -0.7%
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%VSAT FY2020: +11.7%VSAT FY2021: -16.8%VSAT FY2022: +25.8%VSAT FY2023: +5.7%VSAT FY2024: +67.6%VSAT FY2025: +5.5%VSAT FY2026: +2.7%FY19FY20FY21FY22FY23FY24FY25FY26
GOGO +104.7%VSAT +2.7%
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: $65.1MVSAT FY2019: -$309.3MVSAT FY2020: -$257MVSAT FY2021: -$100MVSAT FY2022: -$432.6MVSAT FY2023: -$709.1MFY18FY19FY20FY21FY22FY23FY24FY25
GOGO $65.1MVSAT -$709.1M

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

Questions about Gogo and Viasat

Which is bigger by revenue, Gogo or Viasat?

Viasat is bigger by revenue: $4.6B in fiscal 2026, against $910.5M for Gogo in fiscal 2025.

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

Gogo had a net margin of 1.4% in fiscal 2025; Viasat had -0.7% in fiscal 2026.

Which grew revenue faster, Gogo or Viasat?

In their latest fiscal years revenue changed by +104.7% at Gogo and +2.7% at Viasat.

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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