Battery swapping firm Gogoro's Q3 revenue falls 10.6% amid Taiwan market contraction

Gogoro

11/11/2025 11:09

Overview

Gogoro Q3 revenue falls 10.6% yr/yr amid Taiwan market contraction

Net loss for Q3 narrows to $14.9 mln from $18.2 mln last year

Adjusted EBITDA for Q3 rises to $20.2 mln, reflecting operational efficiency

Outlook

Company expects full-year 2025 revenue between $270 mln and $285 mln

Gogoro anticipates Taiwan two-wheeler market to underperform in 2025

Company plans new vehicle launches and battery improvements in 2026

Result Drivers

MARKET CONTRACTION - Taiwan's two-wheeler market contracted, affecting vehicle sales and overall revenue, but Gogoro maintained strong non-IFRS profitability

GROSS MARGIN IMPROVEMENT - Improved inventory and supply chain management led to a significant increase in gross margin

PRODUCT EXPANSION - Launch of EZZY and EZZY 500 models broadened market reach and are expected to boost sales growth and margins in 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
$77.65 mln
Q3 EPS
-$1.01
Q3 Net Income
-$14.94 mln
Q3 Gross Profit
$9.49 mln
Q3 Income from Operations
-$13.49 mln
Q3 Operating Expenses
$22.98 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the recreational products peer group is "buy."

Press Release: ID:nPn9PsG1la

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)