Gogoro Inc. released its fourth quarter and full year 2025 financial results, reporting a full year net loss of $80.8 million, improved from $122.8 million last year, and record adjusted EBITDA of $59.9 million. The company highlighted strong operational performance, improved gross margins, and positive operating cash flow, establishing a foundation for 2026 growth despite a challenging market environment.
Key takeaways
Full year 2025 revenue was $281.5 million, down 9.4% year-over-year, but within the guided range of $270 million to $285 million.
Full year net loss improved to $80.8 million from $122.8 million in 2024, a decrease of more than $40 million.
Full year adjusted EBITDA reached a record $59.9 million, up $15.2 million from $44.7 million in 2024.
Full year operating cash flow rose to $31.1 million from $9.9 million last year.
Total subscribers grew to 665,000 in 2025, supporting battery swapping service revenue of $149.0 million, up 8.1% year-over-year.
Full year gross margin improved to 8.3% from 2.6% last year, while non-IFRS gross margin was 19.5%, up from 14.9%.