Brief: Gogoro Releases Second Quarter 2025 Financial Results

Gogoro

12/08/2025 11:44

Overview

Gogoro Q2 revenue falls 18.7% yr/yr amid delayed product launches

Battery swapping service revenue rises 8.5% yr/yr, driven by subscriber growth

Net loss widens to $26.5 mln from $20.1 mln last year

Outlook

Gogoro expects full-year revenue at low-end of $295 mln to $315 mln

Company anticipates Taiwan two-wheeler market to remain subdued in 2025 vs 2024

Gogoro sees 95% of 2025 revenue from Taiwan market

Company expects gross margin pressure from battery upgrades through 2025

Result Drivers

PRODUCT LAUNCH DELAYS - Revenue impacted by delayed launch of new vehicle EZZY, affecting sales volume

SUBSCRIBER GROWTH - Battery swapping service revenue increased due to larger subscriber base and high retention rate  of subscribers

COST SAVINGS - $11 mln saved in operating expenses in first half of 2025 compared to 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
$65.81 mln
Q2 EPS
-$0.09
Q2 Net Income
-$26.53 mln
Q2 Gross Profit
$222,000
Q2 Income from Operations
-$23.47 mln
Q2 Operating Expenses
$23.69 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:nPn1ms4Mja

(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.)