Gogoro Stock Earnings Reports

Gogoro reported a strong start to 2026 with disciplined cost control, product momentum and continued growth in its recurring energy business. Q1 highlights include $62.9M revenue (down 1.1% YoY driven by a deliberate hardware mix shift), battery swapping revenue up 6.2% to $36.6M, and 670,000 subscribers (+4% YoY). Scooter unit sales in Taiwan grew 32.8% (6,216 units) and Gogoro + partners captured ~80.6% of Taiwan's electric 2-wheeler market. IFRS and non-IFRS gross margins have converged around ~20%, driving an improved operating performance: net loss narrowed to $7.9M (improved $10.7M YoY), adjusted EBITDA was $16.3M, and operating cash flow was positive $3.1M. Management completed a voluntary battery upgrade program (cost savings of $8.3M YoY), began retiring Gen1 batteries, introduced the compact GoStation Q (1/3 footprint, 220V, faster charging) and allocated ~$30M CapEx for network upgrades this year. Gogoro is executing a targeted product roadmap (entry-level wins like EZZY 500 Disney; anticipating premium launches to lift ASPs) and is launching a Vietnam pilot in Q2, citing accelerating EV adoption and infrastructure demand. Balance sheet strengthened with $77.3M cash and a $16.7M equity injection (first tranche of a committed $80M facility). Management reiterates a prudent full-year revenue target of $285M–$305M, expects Gogoro network battery swapping to reach non-IFRS profitability in 2026, and targets hardware non-IFRS profitability by 2028.