Gogoro (NASDAQ:GGR) Releases Earnings Results

Gogoro (NASDAQ:GGR) posted its earnings results on Thursday. The company reported ($1.41) earnings per share for the quarter, Zacks reports. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%.

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

• Gogoro delivered a record adjusted EBITDA of $59.5 million, operating cash flow of $31.1 million (more than 3x YoY), and improved gross and non‑IFRS margins to 8.3% and 19.5%, reflecting successful cost reductions and efficiency gains.
• The Gogoro Network subscription base grew to 665,000 riders (up 4%), battery swapping revenue rose to $149 million for 2025, and management expects the energy business to achieve non‑IFRS profitability in 2026.
• The scooter/hardware business remains a performance risk—full‑year hardware revenue declined 23.3% and Taiwan market volumes were weak—so Gogoro is tightening models, channels and investment to prevent it from undermining group profitability.
• Product execution showed traction with the EZZY family (including EZZY 500) surpassing 8,700 cumulative sales and being named the best‑selling electric scooter of 2025, supporting a shift toward higher‑value, premium models.
• Management is advancing strategic initiatives—Vietnam pilot with Castrol to capture regulatory-driven demand, a modular swapping station pilot in Taiwan (target late 2026), and Gen‑One battery second‑life recycling—to increase network density and lifecycle value.

Gogoro Price Performance

Shares of Gogoro stock remained flat at $3.00 during trading hours on Thursday. 922 shares of the stock were exchanged, compared to its average volume of 13,301. The business’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $4.82. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.77 and a current ratio of 0.95. The stock has a market cap of $44.31 million, a PE ratio of -0.34 and a beta of 0.93. Gogoro has a 12-month low of $2.72 and a 12-month high of $10.00.

Institutional Investors Weigh In On Gogoro

A hedge fund recently raised its stake in Gogoro stock. Citadel Advisors LLC increased its stake in shares of Gogoro Inc. (NASDAQ:GGR) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 181,126 shares of the company’s stock after purchasing an additional 15,749 shares during the quarter. Citadel Advisors LLC owned 1.23% of Gogoro worth $54,000 at the end of the most recent quarter. Institutional investors own 15.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gogoro in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gogoro currently has a consensus rating of “Sell”.

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.