NASDAQ$GGR
Gogoro Inc · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Gogoro narrows Q1 net loss to $7.9M as gross margin jumps to 20.4% and operating cash flow turns positive
Gogoro reported Q1 2026 revenue of $62.9 million, down 1.1% year over year and down 4.9% on a constant currency basis. Battery swapping service revenue rose 6.2% to $36.6 million while hardware and other sales fell 9.8% to $26.3 million. Gross margin improved to 20.4% from 4.9%, and net loss narrowed to $7.9 million from $18.6 million, with basic and diluted loss per share of $0.50. Adjusted EBITDA increased to $16.3 million from $14.3 million. Operating cash flow was $3.1 million versus an $8.9 million outflow a year ago. Subscribers reached 670,000, up 4% YoY, and cash stood at $77.3 million after a $16.7 million equity financing.
- Q1 revenue was $62.9M, down 1.1% YoY; battery swapping revenue grew 6.2% to $36.6M
- Net loss improved to $7.9M from $18.6M; diluted loss per share was $0.50
- Gross margin expanded to 20.4% from 4.9%; adjusted EBITDA rose to $16.3M
- Operating cash flow was positive at $3.1M versus $(8.9)M in Q1 2025
- 2026 revenue guidance is $285M–$305M with the energy business targeting non-IFRS profitability
Headline financials
Revenue & EPS history
Gogoro · Revenue · Quarterly
$62.9M
Revenue by segment
Gogoro · $62.9M total across 2 segments · Q1 2026
- Battery swapping service$36.6M—58.2%
- Hardware and others$26.3M—41.8%
Forward guidance
Gogoro expects 2026 revenue between $285 million and $305 million, with approximately 95% from Taiwan. The battery-swapping energy business is expected to reach non-IFRS profitability in 2026.
Tailwinds
- 32.8% YoY increase in vehicle registered volume and successful EZZY 500 Disney co-branded launch
- Energy business on path to profitability with planned $30M capex for network optimization
Headwinds
- Top-line still reflects product mix shift toward lower-ASP entry-level models
- Caution on Taiwan two-wheeler market softness persisting through 2026
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2026
-0.4%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-4.1%
Avg return
30 days after
22%
4 / 18 earnings
Positive
+17.5%
Q3 2022
Best reaction
-8.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | — | — | |
| Q4 2025 | -0.3% | +1.0% | +20.0% | |
| Q3 2025 | -1.7% | -10.0% | -5.9% | |
| Q4 2024 | -8.6% | +2.2% | -18.7% | |
| Q3 2024 | -1.4% | -4.3% | +23.7% | |
| Q1 2024 | -6.4% | -7.6% | -12.3% | |
| Q4 2023 | -2.8% | -3.7% | -33.6% | |
| Q3 2023 | +4.3% | +3.9% | -1.2% | |
| Q2 2023 | +2.3% | +2.0% | -1.7% | |
| Q1 2023 | -0.9% | -1.5% | +2.2% | |
| Q4 2022 | -5.5% | -11.0% | -29.1% | |
| Q3 2022 | +17.5% | +26.3% | +26.7% | |
| Q2 2022 | -0.5% | -2.0% | -21.7% | |
| Q1 2022 | +1.2% | -7.0% | -3.5% | |
| Q4 2021 | -2.5% | +1.0% | -16.1% | |
| Q3 2021 | +0.0% | -0.2% | +0.7% | |
| Q2 2021 | -0.1% | +0.1% | +0.2% | |
| Q1 2021 | -0.6% | -0.5% | -0.2% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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