GICS Sector : Consumer Cyclical
Gogoro Inc.manufactures two-wheeled electric vehicle.The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone.
Gogoro Inc.'s financial performance in 2025 reflected its strategic focus on long-term sustainability, with a reported revenue that was not explicitly stated, but the company achieved a record high full-year adjusted EBITDA of $59.9 million, up from $44.7 million in 2024. The gross margin rose significantly to 8.3%, up from 2.6% in 2024, and the non-IFRS margin reached 19.5%, up from 14.9% in 2024. Actual EPS came out at '-0.06' relative to estimates at '-0.03', indicating a wider loss than expected. Gogoro's operating cash flow increased more than 3x year-over-year to $31.1 million.
Publication Date: Feb -17
The company's vehicle business was reengineered with the successful launch of EZZY and EZZY 500, which cumulatively sold over 8,700 units. Gogoro also deepened its presence in the B2B and government fleet segments, with notable additions such as Taiwan's government postal service, Chunghwa Post, adding over 1,000 units of the Gogoro Crossover S. The energy business continued to progress, with subscribers reaching 665,000 units, up 4% year-over-year.
For 2026, Gogoro forecasts a modest revenue recovery, with a range of $285 million to $305 million, representing an expected revenue growth of around 8.9% according to analyst estimates. The company anticipates its battery swapping business to achieve non-IFRS profitability in 2026. With a current 'P/S Ratio' of 0.16 and 'EV/EBITDA' of -16.37, the market seems to be pricing in a challenging path to profitability, but the secured $80 million equity investment commitment from its largest shareholder provides a financial cushion for its near-term objectives.
Gogoro has prioritized financial discipline, with a focus on value creation in both its energy and vehicle businesses. The company's efforts to simplify and sharpen its focus, restructure, and optimize its product mix are expected to drive long-term sustainability. With a 'ROE (%)' of -84.86 and 'ROIC (%)' of -19.96, there is still a long way to go in terms of generating returns for shareholders, but the progress made in 2025 is a positive step in the right direction.
Gogoro Inc. (GGR) Q4 2025 Earnings Call Transcript
Feb -12
Gogoro Releases Fourth Quarter and Full Year 2025 Financial Results
Feb -12
Gogoro to Announce Fourth Quarter and Full Year 2025 Financial Results on February 12 at 7 a.m. Eastern Time
Jan -22
VIP Play, Inc. Delivers Operational Turnaround with 150%+ Performance Improvement
Dec -18
Comparing Netcapital (NASDAQ:NCPL) and Gogoro (NASDAQ:GGR)
Dec -08
Gogoro Inc. (GGR) Q3 2025 Earnings Call Transcript
Nov -11
Gogoro Releases Third Quarter 2025 Financial Results
Nov -11
Gogoro to Announce Third Quarter 2025 Financial Results on November 11 at 7 a.m. Eastern Time
Nov -04
Gogoro's 10% growth in Hardware and Related segment is driven by increasing adoption of electric scooters, expansion into new markets, and rising demand for sustainable transportation solutions. Additionally, the company's innovative battery-swapping technology and strategic partnerships with leading manufacturers contribute to the segment's growth.
Gogoro's battery swapping service growth is driven by increasing adoption of electric scooters, government incentives for eco-friendly transportation, and expanding partnerships with OEMs. Additionally, the convenience and cost-effectiveness of swapping batteries vs. traditional charging methods, as well as Gogoro's scalable and efficient battery management system, contribute to the 12% growth rate.
Gogoro's leasing service growth is driven by increasing adoption of electric scooters, government incentives for eco-friendly transportation, and rising demand for flexible, affordable mobility solutions. Additionally, Gogoro's battery swapping technology and expanding charging infrastructure provide a convenient and reliable experience, further fueling growth.
Gogoro's 'Other' segment growth is driven by increasing adoption of its battery swapping technology, expansion into new markets, and growing demand for electric vehicles. Additionally, strategic partnerships and collaborations with prominent companies, such as Hero MotoCorp, are contributing to the segment's rapid growth.
Electric scooters designed for urban commuting, featuring advanced technology and innovative design.
A comprehensive battery swapping system for electric vehicles, providing a convenient and efficient way to recharge.
A high-performance electric scooter designed for speed and agility, featuring advanced suspension and braking systems.
A lightweight and compact electric scooter designed for urban mobility, featuring a portable design and easy handling.
A convenient and efficient way to recharge electric vehicles, featuring a network of battery swapping stations.
A comprehensive platform for managing and analyzing IoT data, featuring advanced analytics and insights.
Gogoro's electric scooters have some substitutes in the market, such as bicycles and public transportation, but they are not a significant threat to the company's business.
Gogoro's customers have limited bargaining power due to the company's unique product offerings and lack of direct competition.
Gogoro relies on a few key suppliers for its battery and electric motor components, giving them some bargaining power, but the company's scale and partnerships mitigate this risk.
The electric scooter market is growing rapidly, and new entrants could potentially disrupt Gogoro's market share, especially if they offer similar products at lower prices.
Gogoro faces some competition from other electric scooter manufacturers, but the company's strong brand and distribution network help to mitigate the intensity of rivalry.
| Value | |
|---|---|
| Debt Weight | 62.89% |
| Debt Cost | 3.95% |
| Equity Weight | 37.11% |
| Equity Cost | 7.39% |
| WACC | 5.23% |
| Leverage | 169.48% |
Value: 9.3
Growth: 4.8
Quality: 6.5
Yield: 0.0
Momentum: 4.5
Volatility: 6.3
1-Year Total Return ->
Value: 7.5
Growth: 5.3
Quality: 5.6
Yield: 0.0
Momentum: 6.0
Volatility: 3.7
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Value: 2.6
Growth: 3.4
Quality: 5.3
Yield: 3.8
Momentum: 6.5
Volatility: 6.3
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Value: 0.9
Growth: 6.8
Quality: 6.6
Yield: 0.0
Momentum: 9.5
Volatility: 3.7
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Value: 7.7
Growth: 2.6
Quality: 4.9
Yield: 0.0
Momentum: 3.5
Volatility: 7.3
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Value: 9.5
Growth: 2.4
Quality: 2.2
Yield: 0.0
Momentum: 1.0
Volatility: 6.3
1-Year Total Return ->