Gogoro (NASDAQ:GGR) Announces Quarterly Earnings Results

Gogoro (NASDAQ:GGR) released its earnings results on Thursday. The company reported ($0.50) EPS for the quarter, FiscalAI reports. The company had revenue of $62.91 million for the quarter. Gogoro had a negative net margin of 28.71% and a negative return on equity of 53.91%.

Here are the key takeaways from Gogoro’s conference call:

• Gogoro reported a stronger Q1 with positive operating cash flow of $3.1 million, narrowed net loss to $7.9 million, and expanded adjusted EBITDA to $16.3 million. Management also said IFRS and non-IFRS gross margins are converging around 20%+, signaling improved operating leverage.
• Battery swapping revenue rose 6.2% and subscriber count reached 670,000, underscoring the stickiness of the recurring energy business. Management said the network is tracking to plan and remains on course for non-IFRS profitability in 2026.
• Hardware revenue fell as Gogoro intentionally shifted its product mix toward entry-level models, which caused a temporary ASP dilution in the quarter. The company expects the revenue mix to improve with a premium vehicle launch in June.
• Gogoro highlighted a successful product push, including the Ezzy 500 Disney collaboration, which drew over 1,000 orders in the first month. Management said this helped expand its customer base and strengthen entry-level leadership.
• The company is investing about $30 million in network upgrades, including retiring Gen 1 batteries and rolling out GoStation Q, which has a smaller footprint and faster charging. Gogoro also signaled an aggressive Vietnam pilot in Q2, where it sees major EV growth but still faces execution and market-entry risk.

Gogoro Stock Performance

Shares of GGR opened at $4.07 on Friday. The firm’s 50 day moving average is $3.89 and its 200-day moving average is $3.59. The stock has a market capitalization of $60.13 million, a P/E ratio of -0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.76 and a quick ratio of 0.59. Gogoro has a 12-month low of $2.72 and a 12-month high of $8.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Gogoro

Several hedge funds have recently made changes to their positions in GGR. Jane Street Group LLC grew its stake in shares of Gogoro by 81.1% in the 1st quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock worth $103,000 after purchasing an additional 171,273 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock worth $233,000 after purchasing an additional 503,624 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Gogoro by 9.5% in the 3rd quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock worth $54,000 after purchasing an additional 15,749 shares during the last quarter. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Company Profile

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro’s business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.