Gogoro Inc Financials

GGROW

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Gogoro Inc (GGROW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GGROW FY2025 2026-04-22

Cash burn is driven more by reinvestment than by operations, while shrinking liquidity shows the business is living off a smaller asset base.

Operating cash flow improved from $9.9M to $35.9M even as revenue kept shrinking, so the cash strain is not coming only from weaker sales. Free cash flow remained negative mainly because capital spending still outran internally generated cash, which means the business is operationally less cash-poor than net losses suggest but still highly burdened by reinvestment.

The balance sheet looks tighter than the debt ratio alone suggests: current assets no longer cover current liabilities, with a current ratio of 0.8x, so day-to-day obligations matter more than borrowing costs. That matters because long-term debt is modest at $17.3M, meaning most of the liability load is something other than traditional leverage.

Recently, the company has been running on a smaller operating footprint: cash fell from $173.9M to $70.6M while inventory also declined. That pattern points to retrenchment rather than expansion, which helps explain why free cash flow improved in FY2025 without any sales recovery.

Financial Health Signals

Financial health score pending refresh

We are recalculating Gogoro Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

Gogoro Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.45x

For every $1 of reported earnings, Gogoro Inc generates $-0.45 in operating cash flow ($35.9M OCF vs -$80.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$281.5M

YoY-9.4%

5Y CAGR-5.0%

Gogoro Inc generated $281.5M in revenue in fiscal year 2025. This represents a decrease of 9.4% from the prior year.

EBITDA

N/A

Net Income

-$80.0M

YoY+34.9%

Gogoro Inc reported -$80.0M in net income in fiscal year 2025. This represents an increase of 34.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$29.1M

YoY+74.6%

Gogoro Inc generated -$29.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 74.6% from the prior year.

Cash & Debt

$70.6M

YoY-39.8%

5Y CAGR-9.9%

Gogoro Inc held $70.6M in cash against $17.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

Gogoro Inc had 15M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-28.4%

YoY+11.1pp

5Y CAGR-14.9pp

Gogoro Inc's net profit margin was -28.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.1 percentage points from the prior year.

Return on Equity

-73.9%

YoY-4.3pp

5Y CAGR-47.0pp

Gogoro Inc's ROE was -73.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$65.0M

YoY-47.8%

5Y CAGR-14.7%

Gogoro Inc invested $65.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 47.8% from the prior year.

GGROW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$281.5M-9.4%	$310.6M-11.2%	$349.8M-8.6%	$382.8M+4.6%	$366.0M+0.5%	$364.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$809K-18.4%	$991K+74.8%	$567K+28.9%	$440K-17.0%	$530K-8.8%	$581K
Income Tax	$0	$0	$0-100.0%	$2K	$0+100.0%	-$1.1M
Net Income	-$80.0M+34.9%	-$122.8M-61.4%	-$76.0M+23.1%	-$98.9M-46.8%	-$67.4M-36.7%	-$49.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

GGROW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$601.6M-14.1%	$700.4M-16.0%	$834.2M-4.5%	$873.4M+3.4%	$844.4M+6.8%	$790.6M
Current Assets	$130.9M-35.5%	$202.8M-23.8%	$266.1M-33.1%	$397.9M+11.1%	$358.0M+1.2%	$353.8M
Cash & Equivalents	$70.6M-39.8%	$117.1M-32.6%	$173.9M-26.4%	$236.1M+8.6%	$217.4M+82.6%	$119.0M
Inventory	$28.9M-35.8%	$45.0M-15.3%	$53.1M-53.7%	$114.7M+56.8%	$73.1M-22.6%	$94.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$493.3M-5.8%	$523.9M-10.5%	$585.5M+1.9%	$574.4M-20.3%	$720.7M+18.6%	$607.6M
Current Liabilities	$171.9M-23.8%	$225.6M+5.4%	$214.1M-13.7%	$248.2M-48.4%	$480.5M+134.3%	$205.1M
Long-Term Debt	$17.3M-35.9%	$27.0M+43.1%	$18.8M+65.3%	$11.4M-26.9%	$15.6M-19.9%	$19.5M
Total Equity	$108.2M-38.7%	$176.5M-29.0%	$248.7M-16.8%	$299.0M+141.7%	$123.7M-32.4%	$183.0M
Retained Earnings	-$628.7M-14.6%	-$548.7M-28.8%	-$426.0M-21.7%	-$349.9M-200.1%	-$116.6M-136.8%	-$49.2M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$601.6M-14.1%	$700.4M-16.0%	$834.2M-4.5%	$873.4M+3.4%	$844.4M+6.8%	$790.6M
Current Assets	$130.9M-35.5%	$202.8M-23.8%	$266.1M-33.1%	$397.9M+11.1%	$358.0M+1.2%	$353.8M
Cash & Equivalents	$70.6M-39.8%	$117.1M-32.6%	$173.9M-26.4%	$236.1M+8.6%	$217.4M+82.6%	$119.0M
Inventory	$28.9M-35.8%	$45.0M-15.3%	$53.1M-53.7%	$114.7M+56.8%	$73.1M-22.6%	$94.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$493.3M-5.8%	$523.9M-10.5%	$585.5M+1.9%	$574.4M-20.3%	$720.7M+18.6%	$607.6M
Current Liabilities	$171.9M-23.8%	$225.6M+5.4%	$214.1M-13.7%	$248.2M-48.4%	$480.5M+134.3%	$205.1M
Long-Term Debt	$17.3M-35.9%	$27.0M+43.1%	$18.8M+65.3%	$11.4M-26.9%	$15.6M-19.9%	$19.5M
Total Equity	$108.2M-38.7%	$176.5M-29.0%	$248.7M-16.8%	$299.0M+141.7%	$123.7M-32.4%	$183.0M
Retained Earnings	-$628.7M-14.6%	-$548.7M-28.8%	-$426.0M-21.7%	-$349.9M-200.1%	-$116.6M-136.8%	-$49.2M

GGROW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$35.9M+264.4%	$9.8M-83.3%	$59.1M+191.2%	-$64.8M-180.2%	$80.8M+10587.0%	$756K
Capital Expenditures	$65.0M-47.8%	$124.4M+5.6%	$117.8M-4.3%	$123.1M-3.6%	$127.7M-11.5%	$144.3M
Free Cash Flow	-$29.1M+74.6%	-$114.6M-95.1%	-$58.7M+68.7%	-$187.9M-300.2%	-$46.9M+67.3%	-$143.5M
Investing Cash Flow	-$60.0M+53.4%	-$128.7M+5.8%	-$136.6M-35.1%	-$101.1M-143.5%	-$41.5M+83.5%	-$251.8M
Financing Cash Flow	-$23.0M-168.1%	$33.8M+123.2%	$15.2M-91.9%	$186.4M+201.8%	$61.8M-67.0%	$187.3M
Dividends Paid	N/A	$0	$0-100.0%	$2.1M-70.1%	$7.0M+476.1%	$1.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

GGROW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-28.4%+11.1pp	-39.5%-17.8pp	-21.7%+4.1pp	-25.8%-7.4pp	-18.4%-4.9pp	-13.5%
Return on Equity	-73.9%-4.3pp	-69.5%-39.0pp	-30.6%+2.5pp	-33.1%+21.4pp	-54.4%-27.5pp	-26.9%
Return on Assets	-13.3%+4.2pp	-17.5%-8.4pp	-9.1%+2.2pp	-11.3%-3.3pp	-8.0%-1.7pp	-6.2%
Current Ratio	0.76-0.1	0.90-0.3	1.24-0.4	1.60+0.9	0.75-1.0	1.72
Debt-to-Equity	0.160.0	0.15+0.1	0.08+0.0	0.04-0.1	0.13+0.0	0.11
FCF Margin	-10.3%+26.5pp	-36.9%-20.1pp	-16.8%+32.3pp	-49.1%-36.3pp	-12.8%+26.6pp	-39.4%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.76-0.1	0.90-0.3	1.24-0.4	1.60+0.9	0.75-1.0	1.72
Debt-to-Equity	0.160.0	0.15+0.1	0.08+0.0	0.04-0.1	0.13+0.0	0.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Gogoro Inc's annual revenue?

Gogoro Inc (GGROW) reported $281.5M in total revenue for fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gogoro Inc's revenue growing?

Gogoro Inc (GGROW) revenue declined by 9.4% year-over-year, from $310.6M to $281.5M in fiscal year 2025.

Is Gogoro Inc profitable?

No, Gogoro Inc (GGROW) reported a net income of -$80.0M in fiscal year 2025, with a net profit margin of -28.4%.

How much debt does Gogoro Inc have?

As of fiscal year 2025, Gogoro Inc (GGROW) had $70.6M in cash and equivalents against $17.3M in long-term debt.

What is Gogoro Inc's net profit margin?

Gogoro Inc (GGROW) had a net profit margin of -28.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Gogoro Inc's return on equity (ROE)?

Gogoro Inc (GGROW) has a return on equity of -73.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gogoro Inc's free cash flow?

Gogoro Inc (GGROW) generated -$29.1M in free cash flow during fiscal year 2025. This represents a 74.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gogoro Inc's operating cash flow?

Gogoro Inc (GGROW) generated $35.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gogoro Inc's total assets?

Gogoro Inc (GGROW) had $601.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Gogoro Inc's capital expenditures?

Gogoro Inc (GGROW) invested $65.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Gogoro Inc have outstanding?

Gogoro Inc (GGROW) had 15M shares outstanding as of fiscal year 2025.

What is Gogoro Inc's current ratio?

Gogoro Inc (GGROW) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Gogoro Inc's debt-to-equity ratio?

Gogoro Inc (GGROW) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gogoro Inc's return on assets (ROA)?

Gogoro Inc (GGROW) had a return on assets of -13.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gogoro Inc's Piotroski F-Score?

Gogoro Inc (GGROW) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gogoro Inc's earnings high quality?

Gogoro Inc (GGROW) has an earnings quality ratio of -0.45x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.