Gogoro Earnings Reports

Gogoro reported a revenue of $65.8 million for Q2 2025, an 18.7% decrease year-over-year, primarily due to a significant drop in hardware sales. Despite top-line challenges, the company improved its non-IFRS gross margin to 17.0% and increased Adjusted EBITDA to $12.5 million, driven by cost-saving initiatives and network efficiency.

Gogoro's first quarter of 2025 saw a total revenue of $63.6 million, an 8.7% year-over-year decrease, primarily due to a significant drop in hardware sales. However, battery swapping service revenue increased by 6.2% year-over-year, and adjusted EBITDA rose to $14.3 million from $10.2 million in the prior year, reflecting strong operational efficiency and cost optimization efforts.