GGR PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d

GGR ▼ -1.72% at T+5d

NEUTRAL call ✗ call lost -1.72% · α vs SPY -3.57% · entry $4.07 → $4.00

Next anchor: T+20d in 12d

Currently $4.03 · -0.98% from $4.07 entry

Entry anchored
May 21, 2026
via day open

T+1d

-1.47%

call -1.47% · α -1.92%

$4.01

settled 19d ago

T+5d

-1.72%

call -1.72% · α -3.57%

$4.00

settled 12d ago

T+20d

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call — · α —

—

in 12d

T+60d

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call — · α —

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in 2mo

Price Chart

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Executive Summary

Gogoro reported Q1 2026 revenue of $62.9M (-1.1% YoY), net loss improved to -$7.9M from -$18.6M, and gross margin surged to 20.4% from 4.9% YoY. The company guided FY2026 revenue of $285M-$305M (modest recovery from 2025 levels) and reiterated a path to energy business profitability. Despite operational improvements, top-line stagnation and a dilutive $16.7M equity raise from largest shareholder Gold Sino cap the upside.

Key Financial Metrics

Guidance

$285M-$305M

maintained

Gross Margin

20.4%

Actionable Insight

Gogoro's Q1 shows operational stabilization (gross margin recovery, positive operating cash flow) but top-line remains stagnant with hardware revenue declining. The FY2026 guidance of $285M-$305M implies only modest recovery. The $16.7M equity raise from Gold Sino provides near-term liquidity but dilutes existing holders. Watch for Q2 hardware revenue inflection from EZZY 500 Disney model and progress toward energy business profitability.

Key Facts

Q1 2026 revenue $62.9M, down 1.1% YoY (down 4.9% constant currency)
Net loss improved to -$7.9M from -$18.6M YoY, driven by $8.3M lower battery upgrade costs
IFRS gross margin 20.4% vs 4.9% YoY; non-IFRS gross margin 20.5% vs 18.2%
Battery swapping service revenue $36.6M, up 6.2% YoY; subscribers up 4% to 670K
Hardware revenue $26.3M, down 9.8% YoY due to entry-level mix shift and lower international sales
Adjusted EBITDA $16.3M, up from $14.3M YoY
Operating cash flow turned positive to $3.1M from -$8.9M YoY
Cash balance $77.3M; raised $16.7M via equity issuance to largest shareholder Gold Sino in March 2026
FY2026 revenue guidance $285M-$305M, implying modest recovery from 2025 levels
EPS -$0.50 (basic and diluted) vs -$1.29 YoY (retroactively adjusted for 1:20 reverse split)

Financial Impact

Revenue $62.9M (-1.1% YoY); net loss -$7.9M (improved $10.7M YoY); gross margin +15.5pp YoY to 20.4%

revenuegross marginnet lossoperating cash flowadjusted EBITDA

Risk Factors

Hardware revenue decline of 9.8% YoY driven by unfavorable product mix shift to lower-margin entry-level models
FY2026 guidance implies only modest recovery from 2025 levels; Taiwan market softness persists
Dilutive equity raise ($16.7M at ~$3.15/share) from largest shareholder signals ongoing capital needs
Constant currency revenue down 4.9% YoY, indicating underlying weakness beyond FX translation
High debt load ($353.7M total borrowings) vs $77.3M cash; interest expense $3.1M/quarter

Market Snapshot

Exchange

Nasdaq

Sector

Motor Vehicles & Passenger Car Bodies

Analyst Consensus

0% bullish (8 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3299143

3 reports for GGR

T+1T+5T+20T+60

Filters

Reports for GGR — sortable, filterable
	Type				Now
May 21, 2026 20d ago	Press Release MIXED ★ 5/10	$4.07 $4.00	▼ −1.72%	▼ −3.57%	$4.03 (−0.98%)
Apr 30, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$4.12 $4.15	▲ +0.85%	▼ −0.88%	$4.03 (−2.07%)
Apr 29, 2026 6w ago	Press Release NEUTRAL ★ 2/10	$4.26 $4.30	▲ +0.94%	▼ −2.17%	$4.03 (−5.40%)

US Market Status

Market Open — Closes in 1h 17m

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