Gogo Inc. Earnings Per Share Disclosure
3. Earnings Per Share
Basic and diluted earnings per share have been calculated using the weighted-average number of common shares outstanding for the period. Diluted earnings per share was computed using the treasury stock method for stock-based compensation. Contingently issuable shares are only included in the diluted earnings per share computation once all necessary conditions have been satisfied.
The diluted earnings per share calculations exclude the effect of stock options, deferred stock units, RSUs, PSUs and the potential Earnout Consideration when the computation is anti-dilutive. For the years ended December 31, 2025, 2024 and 2023, the weighted average number of shares excluded from the computation was 32.0 million, 4.6 million and 1.8 million shares, respectively.
The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023 (in thousands, except per share amounts):
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|
For the Years Ended December 31, |
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Basic |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Net income |
|
$ |
12,923 |
|
|
$ |
13,746 |
|
|
$ |
145,678 |
|
Weighted average shares outstanding |
|
|
133,707 |
|
|
|
128,533 |
|
|
|
129,753 |
|
Earnings per share - basic |
|
$ |
0.10 |
|
|
$ |
0.11 |
|
|
$ |
1.12 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
For the Years Ended December 31, |
|
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Diluted |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Net income |
|
$ |
12,923 |
|
|
$ |
13,746 |
|
|
$ |
145,678 |
|
Average shares |
|
|
|
|
|
|
|
|
|
|||
Weighted average shares outstanding |
|
|
133,707 |
|
|
|
128,533 |
|
|
|
129,753 |
|
Effect of dilutive securities - stock-based compensation |
|
|
2,886 |
|
|
|
2,922 |
|
|
|
3,530 |
|
Total weighted average diluted shares outstanding |
|
|
136,593 |
|
|
|
131,455 |
|
|
|
133,283 |
|
Earnings per share - diluted |
|
$ |
0.09 |
|
|
$ |
0.10 |
|
|
$ |
1.09 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.