Taiwan's Gogoro Q4 revenue rises on subscriber growth

Gogoro

12/02/2026 11:10

Overview

Battery swapping leader's Q4 revenue rose 1.7% yr/yr

Full year revenue fell 9.4% yr/yr, within guided range

Adjusted EBITDA for 2025 reached a record $59.9 mln

Outlook

Gogoro expects 2026 revenue between $285 mln and $305 mln

Company anticipates non-IFRS profitability in battery-swapping business by 2026

Gogoro plans hardware sales to reach non-IFRS profitability by 2028

Result Drivers

CHALLENGING MARKET - Taiwan's two-wheeler market remained soft due to macroeconomic uncertainty, yet Gogoro maintained strong non-IFRS profitability

ENERGY BUSINESS - Progress towards profitability with subscriber growth and new rate plans, enhancing operating leverage

PRODUCT PORTFOLIO - Streamlined product portfolio with plans to introduce new models in 2026, aiming for unit growth and margin improvement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
$74.40 mln
Q4 EPS
-$1.41
Q4 Net Income
-$20.77 mln
Q4 Gross Profit
$10.61 mln
Q4 Income from Operations
-$20.19 mln
Q4 Operating Expenses
$30.81 mln


Analyst Coverage

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

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

Press Release: ID:nPn1knh6ma

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)