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GGROW

Gogoro Inc.

GGROW

Gogoro Inc. • NASDAQ
$0.01 ▼ -17.96% (-0.00)
Market Cap $4.04 M
52w High $0.02
52w Low $0.01
Dividend Yield 0%
P/E 0
Volume 560
Outstanding Shares 294.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $77.647M ▲ $22.981M ▼ $-14.942M ▲ -19.243% ▲ $-1.01 ▲ $11.961M ▲
Q2-2025 $65.813M ▲ $23.692M ▲ $-26.527M ▼ -40.307% ▼ $-1.8 ▼ $-502K ▼
Q1-2025 $63.621M ▼ $20.214M ▼ $-18.562M ▲ -29.176% ▲ $-1.29 ▲ $6.673M ▲
Q4-2024 $73.13M ▼ $61.809M ▲ $-71.328M ▼ -97.536% ▼ $-5 ▼ $-41.805M ▼
Q3-2024 $86.856M $29.197M $-18.244M -21.005% $-1.27 $8.082M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $119.487M ▲ $702.016M ▼ $569.749M ▼ $132.267M ▼
Q2-2025 $92.026M ▼ $755.465M ▲ $603.631M ▲ $151.834M ▼
Q1-2025 $93.279M ▼ $657.578M ▼ $499.036M ▼ $158.542M ▼
Q4-2024 $117.148M ▼ $700.427M ▼ $523.887M ▼ $176.54M ▼
Q3-2024 $119.154M $819.608M $566.045M $253.563M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.942M ▲ $10.488M ▼ $33.826M ▲ $-13.484M ▼ $27.461M ▲ $-7.092M ▼
Q2-2025 $-26.527M ▼ $24.068M ▲ $-68.405M ▼ $38.557M ▲ $-1.253M ▲ $8.06M ▲
Q1-2025 $-18.562M ▲ $-8.894M ▼ $-15.309M ▼ $-912K ▲ $-23.869M ▼ $-26.81M ▲
Q4-2024 $-71.328M ▼ $-3.412M ▼ $-8.201M ▲ $-26.113M ▼ $-2.006M ▲ $-63.922M ▼
Q3-2024 $-18.244M $8.508M $-74.595M $-12.539M $-77.732M $-10.279M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively flat over the past several years and has recently slipped a bit, which suggests growth momentum has cooled for now. Profitability remains a clear challenge: gross profit is positive but modest, and operating costs are high relative to the size of the business. The company has reported losses every year, with periods of improvement followed by renewed pressure on earnings. Overall, the income statement looks like that of an early-stage, capital-intensive business that has not yet converted its technology and network into consistent, scalable profits.

Balance Sheet

Balance Sheet The balance sheet shows a business with a moderate asset base that has edged down slightly, rather than building steadily. Cash levels have come off prior highs, so the financial cushion is thinner than it was a few years ago. Debt is meaningful compared with the company’s equity, and equity itself has been trending lower, which signals ongoing accumulation of losses. This structure can work for a growth company, but it leaves less room for setbacks and increases the importance of improving profitability or securing new capital on good terms.

Cash Flow

Cash Flow Operating cash flow has been up and down, with some years generating cash and others using it, which points to a business still stabilizing its core economics. After accounting for ongoing investment in infrastructure and equipment, free cash flow has been consistently negative. In practical terms, the company is still a net user of cash and relies on external funding or its existing cash reserves to support its growth plans. The key swing factor over time will be whether operating cash flows can become both positive and dependable while investment needs remain high.

Competitive Edge

Competitive Edge Gogoro has built a strong position in its core market of Taiwan with a dense battery-swapping network, a recognizable brand, and strong user loyalty. Its ecosystem approach—combining scooters, swapping stations, software, and subscriptions—creates switching costs for riders and partners. Strategic alliances with established manufacturers extend its reach and help reinforce its battery standard as a default choice in its niche. The main competitive risks are heavy dependence on one primary market, the challenge of replicating this ecosystem in new countries, and the potential entry of larger, well-capitalized players into battery swapping and electric two-wheelers.

Innovation and R&D

Innovation and R&D Innovation is one of Gogoro’s main strengths. The company continues to enhance its smart scooters, battery-swapping technology, and AI-driven energy management platform, and is pushing into areas like solid-state batteries, virtual power plants, and modular vehicle platforms. This R&D focus supports a differentiated user experience and opens doors into adjacent markets such as grid services and energy storage. The flip side is that this level of innovation is expensive and adds execution risk, especially if commercialization takes longer than expected or adoption in new regions is slower than hoped.

Summary

Financially, Gogoro looks like a promising but still maturing growth story: revenues have leveled off, losses persist, and the business continues to consume cash as it invests in its network and technology. The balance sheet and cash flows highlight the need for continued discipline around costs and capital, given the mix of declining equity, meaningful debt, and negative free cash flow. Strategically, the company has built a compelling ecosystem and a real moat in its home market through network density, partnerships, and advanced technology. The big open questions are how effectively it can export this model abroad, improve profitability at scale, and manage its capital needs while continuing to innovate aggressively in batteries, software, and energy services.