NASDAQ$GGR
Gogoro Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Gogoro reported fourth quarter 2025 revenue of $74.4 million with improved gross margin of 14.3% and reduced net loss of $20.8 million.
Gogoro delivered Q4 2025 revenue of $74400000, up 1.7% year-over-year, driven by growth in battery swapping services. Gross margin improved significantly to 14.3% and non-IFRS gross margin reached 20.1%, while net loss narrowed to $20800000. Adjusted EBITDA increased to $12900000, reflecting stronger operational efficiency despite continued softness in vehicle sales.
- Revenue increased 1.7% year-over-year to $74400000, led by battery swapping service growth.
- Gross margin improved to 14.3% from negative 7.4% in the prior year quarter.
- Net loss narrowed to $20800000 compared to $71300000 last year.
- Adjusted EBITDA rose to $12900000 from $7000000 in Q4 2024.
Headline financials
Revenue & EPS history
Gogoro · Revenue · Quarterly
$74.4M
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
For 2026, Gogoro expects revenue between $285000000 and $305000000, with approximately 95% generated from Taiwan, and anticipates the battery swapping business to achieve non-IFRS profitability.
Tailwinds
- 2026 revenue guidance range of $285000000 to $305000000.
- Battery swapping business expected to achieve non-IFRS profitability in 2026.
- Approximately 95% of revenue expected from core Taiwan market.
- Continued operational leverage and efficiency gains anticipated.
- New product launches planned to support growth.
Headwinds
- Taiwan two-wheeler market remains soft entering 2026.
- Revenue recovery expected to be modest.
- Hardware sales business non-IFRS profitability not expected until 2028.
- Exposure to foreign exchange fluctuations.
- Continued macroeconomic uncertainty affecting consumer demand.
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 Q4 2025
-0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-4.0%
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% | -6.2% | -2.0% | |
| 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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