GlobeNewswire·Nov 11, 2026, 6:00 AM ET

Gogoro Releases Third Quarter Financial Results, Gogoro Reports Continued Gross Margin Improvement

GGR

Gogoro reported Q3 2026 revenue of $70.6 million, a 9.1% year-over-year decline, with net loss narrowing to $3.4 million from $14.9 million in the prior year period.
The company achieved record-high gross margins of 24.4% for the quarter, up from 12.2% in Q3 2025, driven by the completion of battery upgrade initiatives & improved operational efficiency.
Battery swapping service revenue decreased 4.7% year-over-year to $37.1 million, while the total subscriber base grew 4% to 684,000 at quarter-end.
Hardware & other sales revenue dropped 13.5% to $33.5 million, primarily due to lower scooter registrations & reduced sharing utilization, partially offset by higher average selling prices from the new Gogoro Luna model.
Operating cash flow for the first nine months of 2026 increased 8.8% year-over-year to $27.9 million, marking six consecutive quarters of sustained cash generation.
Gogoro expanded its presence in Vietnam through its joint venture Castrol Gogoro Mobility (CGM), establishing infrastructure in Ho Chi Minh City & launching pilot programs with leading delivery platforms.
The company secured an additional $61.8 million in equity proceeds in October 2026, bringing total cash & cash equivalents to $68.9 million as of September 30, 2026.
Full-year 2026 revenue guidance was revised downward to a range of $270 million to $290 million, with approximately 95% expected from the Taiwan market.
Management projects the company to achieve free cash flow in 2027 & profitability in 2028 despite current market challenges.

Company: Gogoro Inc.
Keywords: Nasdaq:GGR, Gogoro Inc.