Gogoro Inc.(GGR)Earnings, Financials & Key Ratios
GGR•NASDAQ
$4.15
$61M mkt cap·Price updated May 7, 2026
SectorConsumer CyclicalIndustryAuto Parts & EquipmentSub-IndustryElectrified Powertrain and Batteries
AboutGogoro Inc. manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone. It also operates battery swapping infrastructure network for electric vehicles that can be deployed across the cities to provide portable power through battery vending machines. Gogoro Inc. has a strategic partnership with Foxconn Electronics Inc. The company was founded in 2011 and is based in Taoyuan City, Taiwan.Show more
- Revenue$311M-11.2%
- EBITDA-$45M-545.9%
- Net Income-$123M-61.4%
- EPS (Diluted)-9.20-43.7%
- Gross Margin2.55%-82.5%
- EBITDA Margin-14.36%-602.2%
- Operating Margin-45.59%-80.5%
- Net Margin-39.52%-81.8%
- ROE-57.74%-107.9%
- ROIC-21.95%-62.4%
- Debt/Equity2.23+25.8%
- Interest Coverage-10.02-35.2%
GGR Key Insights
Gogoro Inc. (GGR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.2x
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Sales declining 6.7% over 5 years
- ✗Shares diluted 12.9% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GGR Price & Volume
Gogoro Inc. (GGR) stock price & volume — 10-year historical chart
Loading chart...
GGR Growth Metrics
Gogoro Inc. (GGR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-6.69%
3 Years-5.32%
TTM-14.84%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-68.12%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-42.01%
Return on Capital
10 Years-20.42%
5 Years-23.96%
3 Years-33.46%
Last Year-25.87%
GGR Peer Comparison
Gogoro Inc. (GGR) competitors in Electrified Powertrain and Batteries — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NIU | 248.78M | 3.14 | -8.76 | 24% | -0.54% | -2.56% | 0.22 | |
 KNDI | 58.56M | 0.68 | -0.61 | -31.46% | -49.1% | -13.92% | 0.17 | |
 WKHS | 31.94M | 3.63 | -0.07 | -49.47% | -6.07% | -198.1% | 0.37 | |
 TSLA | 1.55T | 411.81 | 381.31 | -2.93% | 3.96% | 4.75% | 0.10 | |
 BLDP | 1.41B | 4.70 | -15.67 | 45.04% | -91.49% | -14.63% | 0.04 | |
 PLUG | 4.36B | 3.13 | 12.9% | -229.83% | -124.41% | 19.75 | ||
 QS | 4.51B | 7.36 | -9.69 | -37.3% | 0.06 | |||
 ENVX | 1.33B | 6.42 | -8.56 | 37.91% | -492.57% | -0.06% | 0.08 |
Compare GGR vs Peers
Gogoro Inc. (GGR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GGR Income Statement
Gogoro Inc. (GGR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 439.24M | 364.13M | 366.01M | 382.83M | 349.85M | 310.64M | 280.21M |
| Revenue Growth % | - | -17.1% | 0.52% | 4.59% | -8.61% | -11.21% | -14.84% |
| Cost of Goods Sold | 346.03M | 284.68M | 304.92M | 325.11M | 298.91M | 302.71M | 272.79M |
| COGS % of Revenue | 78.78% | 78.18% | 83.31% | 84.92% | 85.44% | 97.45% | - |
| Gross Profit | 93.21M▲ 0% | 79.44M▼ 14.8% | 61.09M▼ 23.1% | 57.71M▼ 5.5% | 50.94M▼ 11.7% | 7.93M▼ 84.4% | 7.43M▲ 0% |
| Gross Margin % | 21.22% | 21.82% | 16.69% | 15.08% | 14.56% | 2.55% | 2.65% |
| Gross Profit Growth % | - | -14.77% | -23.1% | -5.52% | -11.74% | -84.43% | - |
| Operating Expenses | 104.3M | 115.94M | 118.41M | 356.04M | 139.31M | 149.55M | 128.7M |
| OpEx % of Revenue | 23.75% | 31.84% | 32.35% | 93% | 39.82% | 48.14% | - |
| Selling, General & Admin | 77.08M | 87.23M | 87.81M | 131.25M | 95.42M | 75.93M | 62.2M |
| SG&A % of Revenue | 17.55% | 23.96% | 23.99% | 34.28% | 27.27% | 24.44% | - |
| Research & Development | 27.22M | 28.71M | 30.6M | 45.99M | 40.87M | 34.94M | 28.54M |
| R&D % of Revenue | 6.2% | 7.88% | 8.36% | 12.01% | 11.68% | 11.25% | - |
| Other Operating Expenses | 0 | 0 | 0 | 178.8M | 3.03M | 38.68M | 3.17M |
| Operating Income | -11.1M▲ 0% | -36.5M▼ 228.9% | -57.32M▼ 57.0% | -298.33M▼ 420.5% | -88.37M▲ 70.4% | -141.62M▼ 60.3% | -121.27M▲ 0% |
| Operating Margin % | -2.53% | -10.02% | -15.66% | -77.93% | -25.26% | -45.59% | -43.28% |
| Operating Income Growth % | - | -228.94% | -57.04% | -420.48% | 70.38% | -60.25% | - |
| EBITDA | 46.07M | 42.07M | 37.5M | -203.52M | 10M | -44.61M | -29.6M |
| EBITDA Margin % | 10.49% | 11.55% | 10.25% | -53.16% | 2.86% | -14.36% | -10.56% |
| EBITDA Growth % | - | -8.69% | -10.86% | -642.71% | 104.92% | -545.93% | -1984.37% |
| D&A (Non-Cash Add-back) | 57.17M | 78.57M | 94.82M | 94.81M | 98.38M | 97.01M | 91.67M |
| EBIT | -3.04M | -40.59M | -56.27M | -87.14M | -64.11M | -108.62M | -115.34M |
| Net Interest Income | -4.86M | -8.87M | -10.46M | -9.73M | -8.98M | -11.06M | -12.74M |
| Interest Income | 4.18M | 889K | 625K | 2.94M | 2.95M | 3.08M | 0 |
| Interest Expense | 9.03M | 9.75M | 11.09M | 12.67M | 11.93M | 14.13M | 12.74M |
| Other Income/Expense | -978K | -13.84M | -10.04M | 199.42M | 12.34M | 18.86M | -10.09M |
| Pretax Income | -12.07M▲ 0% | -50.34M▼ 317.0% | -67.36M▼ 33.8% | -98.91M▼ 46.8% | -76.04M▲ 23.1% | -122.75M▼ 61.4% | -131.36M▲ 0% |
| Pretax Margin % | -2.75% | -13.83% | -18.4% | -25.84% | -21.73% | -39.52% | -46.88% |
| Income Tax | 1.01M | -1.06M | 0 | 2K | 0 | 0 | 0 |
| Effective Tax Rate % | -8.4% | 2.11% | 0% | -0% | 0% | 0% | 0% |
| Net Income | -13.09M▲ 0% | -49.28M▼ 276.5% | -67.36M▼ 36.7% | -98.91M▼ 46.8% | -76.04M▲ 23.1% | -122.75M▼ 61.4% | -131.36M▲ 0% |
| Net Margin % | -2.98% | -13.53% | -18.4% | -25.84% | -21.73% | -39.52% | -46.88% |
| Net Income Growth % | - | -276.53% | -36.69% | -46.83% | 23.12% | -61.44% | -68.12% |
| Net Income (Continuing) | -13.09M | -49.28M | -67.36M | -98.91M | -76.04M | -122.75M | -131.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.07▲ 0% | -5.40▼ 403.7% | -10.60▼ 96.3% | -9.00▲ 15.1% | -6.40▲ 28.9% | -9.20▼ 43.7% | -8.90▲ 0% |
| EPS Growth % | - | -403.73% | -96.3% | 15.09% | 28.89% | -43.75% | -42.01% |
| EPS (Basic) | -1.07 | -5.40 | -10.60 | -9.00 | -6.40 | -9.20 | - |
| Diluted Shares Outstanding | 12.21M | 8.98M | 6.3M | 11.1M | 11.74M | 13.25M | 14.76M |
| Basic Shares Outstanding | 12.21M | 8.98M | 6.3M | 11.1M | 11.74M | 13.25M | 14.76M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
GGR Balance Sheet
Gogoro Inc. (GGR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 341.9M | 353.76M | 358.03M | 397.9M | 266.14M | 202.82M | 198.84M |
| Cash & Short-Term Investments | 184.97M | 230.88M | 217.43M | 236.1M | 173.88M | 117.15M | 119.49M |
| Cash Only | 183.72M | 119.04M | 217.43M | 236.1M | 173.88M | 117.15M | 119.49M |
| Short-Term Investments | 1.25M | 111.84M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 23.05M | 13.47M | 16.63M | 16.14M | 17.14M | 16.98M | 20.39M |
| Days Sales Outstanding | 19.15 | 13.51 | 16.58 | 15.39 | 17.88 | 19.95 | 24.95 |
| Inventory | 92.92M | 94.46M | 73.14M | 114.7M | 53.11M | 44.97M | 38.14M |
| Days Inventory Outstanding | 98.01 | 121.11 | 87.55 | 128.77 | 64.85 | 54.23 | 56.26 |
| Other Current Assets | 22.89M | 12.38M | 46.27M | 30.96M | 22.01M | 23.73M | 20.82M |
| Total Non-Current Assets | 333.4M | 436.82M | 486.37M | 475.52M | 568.09M | 497.6M | 503.17M |
| Property, Plant & Equipment | 325.11M | 429.85M | 479.66M | 464.06M | 532.29M | 473.56M | 478.94M |
| Fixed Asset Turnover | 1.35x | 0.85x | 0.76x | 0.82x | 0.66x | 0.66x | 0.58x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.1M | 1.72M | 1.36M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 341K | 1.18M | 1.01M | 0 | 17.74M | 16.12M | 65.21M |
| Other Non-Current Assets | 4.03M | 704K | 595K | 11.46M | 18.06M | 7.93M | 31.34M |
| Total Assets | 675.3M▲ 0% | 790.59M▲ 17.1% | 844.4M▲ 6.8% | 873.42M▲ 3.4% | 834.23M▼ 4.5% | 700.43M▼ 16.0% | 702.02M▲ 0% |
| Asset Turnover | 0.65x | 0.46x | 0.43x | 0.44x | 0.42x | 0.44x | 0.40x |
| Asset Growth % | - | 17.07% | 6.81% | 3.44% | -4.49% | -16.04% | -55.16% |
| Total Current Liabilities | 266.08M | 205.09M | 480.54M | 248.17M | 214.05M | 225.63M | 209.59M |
| Accounts Payable | 65.78M | 29.87M | 53.26M | 38.05M | 38.12M | 29.27M | 20.5M |
| Days Payables Outstanding | 69.39 | 38.3 | 63.75 | 42.72 | 46.55 | 35.29 | 32.16 |
| Short-Term Debt | 86.81M | 98.39M | 238.43M | 87.98M | 75.59M | 103.02M | 100.12M |
| Deferred Revenue (Current) | 27.23M | 13.54M | 18.75M | 12.96M | 11.61M | 11.87M | 52.22M |
| Other Current Liabilities | 65.49M | 43.56M | 134.14M | 98.27M | 77.44M | 71.94M | 60.62M |
| Current Ratio | 1.28x | 1.72x | 0.75x | 1.60x | 1.24x | 0.90x | 0.90x |
| Quick Ratio | 0.94x | 1.26x | 0.59x | 1.14x | 1.00x | 0.70x | 0.70x |
| Cash Conversion Cycle | 47.78 | 96.32 | 40.38 | 101.44 | 36.18 | 38.88 | 49.05 |
| Total Non-Current Liabilities | 191.3M | 402.46M | 240.14M | 326.28M | 371.49M | 298.26M | 360.16M |
| Long-Term Debt | 148.49M | 250.22M | 195.88M | 293.19M | 334.58M | 253.75M | 332M |
| Capital Lease Obligations | 20.89M | 19.47M | 15.59M | 11.4M | 18.84M | 26.97M | 79.12M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 21.92M | 132.77M | 28.67M | 21.69M | 18.07M | 12.84M | 77.96M |
| Total Liabilities | 457.38M | 607.55M | 720.69M | 574.45M | 585.54M | 523.89M | 569.75M |
| Total Debt | 265.77M | 378.96M | 461.06M | 402.65M | 440.31M | 393.18M | 462.28M |
| Net Debt | 82.05M | 259.92M | 243.63M | 166.55M | 266.42M | 276.03M | 342.79M |
| Debt / Equity | 1.22x | 2.07x | 3.73x | 1.35x | 1.77x | 2.23x | 2.23x |
| Debt / EBITDA | 5.77x | 9.01x | 12.29x | - | 44.01x | - | -15.62x |
| Net Debt / EBITDA | 1.78x | 6.18x | 6.50x | - | 26.63x | - | -11.58x |
| Interest Coverage | -1.23x | -3.74x | -5.17x | -23.54x | -7.41x | -10.02x | -9.05x |
| Total Equity | 217.92M▲ 0% | 183.03M▼ 16.0% | 123.71M▼ 32.4% | 298.97M▲ 141.7% | 248.69M▼ 16.8% | 176.54M▼ 29.0% | 132.27M▲ 0% |
| Equity Growth % | - | -16.01% | -32.41% | 141.67% | -16.82% | -29.01% | -150.64% |
| Book Value per Share | 17.85 | 20.39 | 19.62 | 26.93 | 21.18 | 13.32 | 8.96 |
| Total Shareholders' Equity | 217.92M | 183.03M | 123.71M | 298.97M | 248.69M | 176.54M | 132.27M |
| Common Stock | 14K | 14K | 15K | 24K | 24K | 29K | 29K |
| Retained Earnings | -302.63M | -49.25M | -116.61M | -349.94M | -425.98M | -548.73M | -608.76M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.2M | 18.59M | 21.6M | 5.42M | 4.73M | -9.22M | 2.57M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GGR Cash Flow Statement
Gogoro Inc. (GGR) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 25.37M | 756K | 80.79M | -64.79M | 59.09M | 9.85M | 9.85M |
| Operating CF Margin % | 5.78% | 0.21% | 22.07% | -16.92% | 16.89% | 3.17% | - |
| Operating CF Growth % | - | -97.02% | 10587.04% | -180.19% | 191.21% | -83.33% | -716.17% |
| Net Income | -12.07M | -49.28M | -67.36M | -98.91M | -76.04M | -122.75M | -131.36M |
| Depreciation & Amortization | 57.17M | 78.57M | 94.82M | 94.81M | 98.38M | 97.01M | 91.67M |
| Stock-Based Compensation | 0 | 1.06M | 5.04M | 37.91M | 26.32M | 11.64M | 2.64M |
| Deferred Taxes | 0 | -1.06M | -9.99M | 2K | 0 | 0 | 0 |
| Other Non-Cash Items | 2.17M | 11.11M | 17.91M | -22.45M | -8.12M | 33.02M | 73.28M |
| Working Capital Changes | -21.9M | -39.64M | 40.38M | -76.15M | 18.55M | -9.07M | -13.97M |
| Change in Receivables | -7.41M | 5.63M | -3.67M | -41K | -1.48M | -306K | -3.25M |
| Change in Inventory | -72.2M | -7.93M | 21.2M | -44.61M | 21.71M | 3.77M | 23.13M |
| Change in Payables | 24.66M | -35.91M | 23.39M | 0 | -762K | 0 | -1.42M |
| Cash from Investing | -177.58M | -251.76M | -41.52M | -101.1M | -136.63M | -128.72M | -58.09M |
| Capital Expenditures | -176.97M | -145.68M | -128.41M | -123.1M | -118.28M | -124.42M | -112.02M |
| CapEx % of Revenue | 40.29% | 40.01% | 35.08% | 32.16% | 33.81% | 40.05% | - |
| Acquisitions | 0 | 0 | 3.08M | 0 | 1.55M | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 590K | -12K | 2.75M | -4.48M | -462K | -4.3M | 54.98M |
| Cash from Financing | 32.24M | 187.26M | 61.76M | 186.4M | 15.15M | 33.81M | -1.95M |
| Debt Issued (Net) | 32.25M | 88.44M | 68.87M | -32.76M | 27.85M | -40.99M | -40.45M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 0 | 1000K | 0 |
| Dividends Paid | 0 | -1.22M | -7M | -2.09M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -15K | 44K | -103K | 32.48M | -12.7M | -192K | 38.5M |
| Net Change in Cash | -117.65M▲ 0% | -64.68M▲ 45.0% | 98.39M▲ 252.1% | 18.67M▼ 81.0% | -62.22M▼ 433.2% | -56.74M▲ 8.8% | 333K▲ 0% |
| Free Cash Flow | -151.59M▲ 0% | -144.93M▲ 4.4% | -47.61M▲ 67.1% | -188.48M▼ 295.9% | -58.72M▲ 68.8% | -114.65M▼ 95.2% | -89.76M▲ 0% |
| FCF Margin % | -34.51% | -39.8% | -13.01% | -49.23% | -16.78% | -36.91% | -32.03% |
| FCF Growth % | - | 4.4% | 67.15% | -295.87% | 68.85% | -95.24% | -44.11% |
| FCF per Share | -12.41 | -16.14 | -7.55 | -16.98 | -5.00 | -8.65 | -8.65 |
| FCF Conversion (FCF/Net Income) | -1.94x | -0.02x | -1.20x | 0.66x | -0.78x | -0.08x | 0.68x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GGR Key Ratios
Gogoro Inc. (GGR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -24.58% | -43.92% | -46.8% | -27.77% | -57.74% | -99.31% |
| Return on Invested Capital (ROIC) | -7.37% | -10.61% | -53.73% | -13.52% | -21.95% | -21.95% |
| Gross Margin | 21.82% | 16.69% | 15.08% | 14.56% | 2.55% | 2.65% |
| Net Margin | -13.53% | -18.4% | -25.84% | -21.73% | -39.52% | -46.88% |
| Debt / Equity | 2.07x | 3.73x | 1.35x | 1.77x | 2.23x | 2.23x |
| Interest Coverage | -3.74x | -5.17x | -23.54x | -7.41x | -10.02x | -9.05x |
| FCF Conversion | -0.02x | -1.20x | 0.66x | -0.78x | -0.08x | 0.68x |
| Revenue Growth | -17.1% | 0.52% | 4.59% | -8.61% | -11.21% | -14.84% |
GGR Frequently Asked Questions
Gogoro Inc. (GGR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Gogoro Inc. (GGR) reported $280.2M in revenue for fiscal year 2024. This represents a 36% decrease from $439.2M in 2019.
Gogoro Inc. (GGR) saw revenue decline by 11.2% over the past year.
Gogoro Inc. (GGR) reported a net loss of $131.4M for fiscal year 2024.
Dividend & Returns
Gogoro Inc. (GGR) has a return on equity (ROE) of -57.7%. Negative ROE indicates the company is unprofitable.
Gogoro Inc. (GGR) had negative free cash flow of $89.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More GGR
Gogoro Inc. (GGR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates