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Gogoro
Gogoro (GGR) investor relations material
Gogoro Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary11 Nov, 2025
Executive summary
Operational discipline and innovation in 2025 drove efficiency, cost optimization, and improved financial metrics over the first nine months.
Focused on stabilizing operations, streamlining processes, and preparing for long-term growth and electrification trends.
Expanded product roadmap with new models (EZZY, EZZY 500, Yamaha CUXIE) targeting mass market and premium segments, reinforcing technology leadership.
Leadership transition solidified with Henry Chiang appointed as permanent CEO, emphasizing fundamentals and long-term vision.
Inventory levels decreased significantly due to improved supply chain and procurement management.
Financial highlights
Q3 2025 revenue was $77.6 million, down 10.6% year-over-year and 17.1% on a constant currency basis.
Generated $25.7 million in operating cash flow in the first nine months, nearly double the prior year.
Operating expenses reduced by $21 million in the first nine months compared to the prior year.
Adjusted EBITDA reached $47 million for the first nine months, up 25% year-over-year; Q3 adjusted EBITDA was $20.2 million, up 30.3%.
Net loss narrowed to $14.9 million from $18.2 million year-over-year for the quarter.
Outlook and guidance
Full-year 2025 revenue guidance set at $270–$285 million, with about 95% expected from Taiwan.
Gross margin in Q4 expected to be temporarily impacted by accelerated battery upgrade program, to be completed by year-end.
Confident in achieving Energy network profitability in 2026, positive free cash flow in 2027, and hardware sales profitability in 2028.
The Taiwan two-wheeler market is expected to remain weak, with no near-term rebound anticipated.
New vehicle launches and battery innovations are planned for 2026 to support future growth.
What drives hardware sales profitability by 2028?
How will new battery pack impact cost-sensitive markets?
Capture electrification amid soft Taiwan market?
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Next Gogoro earnings date
Q4 202512 Feb, 2026
Gogoro
Next Gogoro earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
Gogoro Inc. is a Taiwanese company specializing in electric mobility solutions, particularly through its innovative battery-swapping technology for electric two-wheelers. The company operates a network of battery-swapping stations, known as the Gogoro Network, which allows users to quickly swap depleted batteries for fully charged ones, avoiding traditional charging times. Gogoro also manufactures a line of electric scooters, such as the Smartscooter, and has partnered with major vehicle manufacturers like Hero MotoCorp to expand its battery-swapping infrastructure in countries like India. Gogoro is headquartered in Taipei, Taiwan, and its shares are listed on the NASDAQ.
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