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Gogoro (GGR) AI Stock Analysis
Gogoro
(NASDAQ:GGR)
The score is held back primarily by weak financial quality (ongoing net losses and high leverage despite improving margins and cash flow) and bearish technical trend signals. The key offset is improving execution highlighted on the earnings call—record gross margin, positive adjusted EBITDA, stronger operating cash flow, and reaffirmed revenue guidance—while valuation remains difficult to assess due to negative earnings and no dividend support.
Gogoro Key Performance Indicators (KPIs)
Operating Revenue by SegmentBreaks down revenue into areas like scooter sales, battery subscriptions, network services and licensing. The mix reveals whether revenue is driven by one-time hardware sales or by recurring, higher-visibility subscription income—crucial for judging profitability, predictability and long-term growth potential.
Gogoro is shifting from hardware sales to a steadier, higher‑margin recurring battery‑swapping business: swapping revenue has grown consistently and is driving the company’s improved gross margins, positive operating cash flow and the 2026 network‑profitability target. Hardware revenue has contracted as management intentionally leaned into lower‑ASP, volume‑driving models, but stronger unit sales plus an upcoming premium vehicle and GoStation Q rollouts offer a path to lift ASPs. Key risks remain CapEx needs for network upgrades and heavy Taiwan concentration—execution on overseas pilots will determine scalability.
The FlyGogoro (GGR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $43.14M
- Dividend Yield
- ―
- Average Volume (3M)
- 42.74K
- Price to Earnings (P/E)
- -1.0
- Beta (1Y)
- 1.23
- Revenue Growth
- -1.28%
- EPS Growth
- 66.22%
- Country
- US
- Employees
- 1,416
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Auto - Manufacturers
Gogoro Business Overview & Revenue Model
Company Description
Gogoro Inc., established in 2011 and headquartered in Taoyuan City, Taiwan, specializes in the development and production of electric two-wheeled vehicles. Their product lineup prominently features smart electric scooters equipped with an electric po...
How the Company Makes Money
Gogoro primarily makes money through a combination of (1) product sales and (2) recurring network/energy services tied to its battery-swapping ecosystem, with additional revenue from partnerships and licensing-type arrangements. 1) Electric scooter a...
Gogoro Earnings Call Summary
The call highlighted meaningful operational and financial progress: revenue returned to year-over-year growth, gross margin hit a five-year high, operating cash flow rose strongly (>70% H1 YoY), adjusted EBITDA turned positive at $19.3M, and product launches drove customer traction and subscriber expansion (~677k). Management reaffirmed full-year guidance and expects the battery-swapping business to reach non-IFRS profitability this year. Remaining challenges include ARPS pressure from entry-level vehicle mix, rising material costs and FX headwinds, continued GAAP net losses (albeit improved), only modest market share (~6%) and overseas contributions that are still emerging. On balance, the positive operational momentum and structural improvements appear to outweigh the risks and short-term challenges.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Gogoro reaffirmed full-year 2026 revenue guidance of $285–$305 million, supported by Q2 revenue of $70.6 million (up 7.3% YoY, ~10% on a constant currency basis), a Q2 gross margin of 22.6% (the highest in over five years), recovery in market share to ~6%, and a subscriber base of ~677,000; management also highlighted that EZZY made up more than one‑third of scooter sales revenue, adjusted EBITDA rose to $19.3 million, net loss improved by >$21.6 million YoY, H1 operating cash flow grew by >70% YoY, cash and cash equivalents were $68.8 million, and the Gogoro Network battery‑swapping business is on track to achieve non‑IFRS profitability this year.
Gogoro Financial Statement Overview
Summary
Operations are improving from a weak base: TTM revenue rebounded sharply (~+171%), gross margin expanded (~17%), operating losses narrowed, and free cash flow turned slightly positive (~$2.8M) with positive operating cash flow (~$46.7M). Offsetting this, the company remains loss-making (TTM net margin ~-17%) and balance-sheet risk is high with elevated leverage (~$355M debt vs ~$112M equity) and deeply negative ROE (~-41%), limiting flexibility.
Income Statement
38NegativeBalance Sheet
30NegativeCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 285.58M | 281.48M | 310.64M | 349.85M | 382.83M | 366.01M |
| Gross Profit | 48.62M | 23.16M | 7.93M | 50.94M | 57.71M | 61.09M |
| EBITDA | 53.27M | 25.35M | -11.61M | 34.26M | 7.67M | 38.55M |
| Net Income | -47.65M | -79.97M | -122.75M | -76.04M | -98.91M | -67.36M |
Balance Sheet | ||||||
| Total Assets | 575.45M | 601.57M | 700.43M | 834.23M | 873.42M | 844.40M |
| Cash, Cash Equivalents and Short-Term Investments | 68.84M | 70.57M | 117.15M | 173.88M | 236.10M | 217.43M |
| Total Debt | 355.29M | 388.26M | 393.18M | 440.31M | 402.65M | 461.06M |
| Total Liabilities | 463.13M | 493.33M | 523.89M | 585.54M | 574.45M | 720.69M |
| Stockholders Equity | 112.33M | 108.24M | 176.54M | 248.69M | 298.97M | 123.71M |
Cash Flow | ||||||
| Free Cash Flow | 2.81M | -29.74M | -114.65M | -58.72M | -188.48M | -47.61M |
| Operating Cash Flow | 46.75M | 31.12M | 9.85M | 59.09M | -64.79M | 80.79M |
| Investing Cash Flow | 9.31M | -56.86M | -128.72M | -136.63M | -101.10M | -41.52M |
| Financing Cash Flow | -75.43M | -22.61M | 33.81M | 15.15M | 186.40M | 61.76M |
Gogoro Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GGR, the sentiment is Negative. The current price of 2.92 is below the 20-day moving average (MA) of 3.03, above the 50-day MA of 2.88, and below the 200-day MA of 3.39, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 34.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GGR.
Gogoro Risk Analysis
Gogoro disclosed 95 risk factors in its most recent earnings report. Gogoro reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksGogoro Peers Comparison
Overall Rating
ECX52Neutral- GGR49Neutral
INVZ46Neutral
LIDR38Underperform
AEVA32Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| ECX | 52Neutral | $319.29M | -16.85 | 7.21% | ― | 10.74% | 85.17% |
| GGR | 49Neutral | $43.14M | -0.96 | -40.61% | ― | -1.28% | 66.22% |
| INVZ | 46Neutral | $68.56M | -0.61 | -118.08% | ― | 41.09% | 9.05% |
| LIDR | 38Underperform | $46.17M | -1.14 | -46.40% | ― | 90.68% | 70.00% |
| AEVA | 32Underperform | $646.17M | -46.35 | -210.69% | ― | 56.22% | 93.61% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GGR | Gogoro | 2.92 | -0.85 | -22.55% | |
| AEVA | Aeva Technologies, Inc. | 9.27 | -6.15 | -39.88% | |
| INVZ | Innoviz Technologies Ltd. | 0.23 | -1.53 | -86.93% | |
| LIDR | Aeye, Inc. | 0.99 | -1.41 | -58.79% | |
| ECX | Ecarx Holdings Inc. | 0.90 | -1.58 | -63.91% |
Gogoro Corporate Events
Gogoro Secures US$61.8 Million Equity Injection and Adds Three Directors in October 2026
On October 7, 2026, Gogoro Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission detailing a new equity financing round and related governance changes. The filing underscores Gogoro’s ongoing use of U.S. capital markets to supp...
Gogoro Q2 2026 Results Mark Cash Flow Strength and Market-Share Rebound
On August 24, 2026, Gogoro reported financial results for the second quarter ended June 30, 2026, highlighting a fifth consecutive quarter of positive operating cash flow and its strongest gross margin in more than five years. The company reduced its...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 27, 2026