GGROW 6-K SEC Filing Analysis

Latest settled — T+5d

GGROW ▲ 0.00% at T+5d

NEUTRAL call ✗ call lost 0.00% · α vs SPY -1.85% · entry $0.007100 → $0.007100

Next anchor: T+20d in 12d

Currently $0.007100 · +0.00% from $0.007100 entry

Entry anchored
May 21, 2026
via day open

T+1d

0.00%

call 0.00% · α -0.45%

$0.007100

settled 19d ago

T+5d

0.00%

call 0.00% · α -1.85%

$0.007100

settled 12d ago

T+20d

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call — · α —

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in 12d

T+60d

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call — · α —

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in 2mo

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Executive Summary

Gogoro's Q1 2026 revenue declined 1.1% YoY to $62.9M, with hardware sales down 9.8% and battery swapping service revenue up 6.2%. Net loss narrowed to $7.9M from $18.6M, driven by completion of battery upgrade program and cost controls. The company guided 2026 revenue of $285M-$305M, implying modest recovery. Cash balance improved to $77.3M after a $16.7M equity injection from largest shareholder Gold Sino.

Actionable Insight

Gogoro's Q1 shows a mixed picture: hardware revenue continues to decline but battery swapping service revenue and subscriber growth are steady, and the net loss narrowed significantly. The $16.7M equity injection from Gold Sino and positive operating cash flow improve liquidity, but the company still posted a net loss and guided only modest revenue recovery. Watch for Q2 hardware revenue from the EZZY 500 launch and progress toward energy business profitability as key catalysts.

Key Facts

Q1 2026 revenue $62.9M, down 1.1% YoY (down 4.9% constant currency)
Hardware revenue $26.3M, down 9.8% YoY; battery swapping service revenue $36.6M, up 6.2% YoY
Net loss improved to $7.9M from $18.6M YoY; adjusted EBITDA $16.3M vs $14.3M
Gross margin 20.4% (IFRS) vs 4.9% YoY; non-IFRS gross margin 20.5% vs 18.2%
Operating cash flow turned positive at $3.1M vs ($8.9M) YoY
Cash balance $77.3M at March 31, 2026, up from $70.6M at year-end 2025
Issued 5.3M shares to Gold Sino for $16.7M in March 2026
2026 revenue guidance $285M-$305M; energy business targeting non-IFRS profitability in 2026
Subscribers grew 4% YoY to 670,000; vehicle registrations up 32.8% YoY
Planned $30M capex for energy business in 2026

Financial Impact

Revenue decline of $0.7M YoY; net loss improvement of $10.7M; operating cash flow improvement of $12.0M

revenuenet lossgross marginoperating cash flowcash balance

Risk Factors

Continued hardware revenue decline and ASP pressure from entry-level model mix shift
Dependence on largest shareholder Gold Sino for equity financing under $80M commitment
Taiwan two-wheeler market softness may delay revenue recovery
High debt levels ($353.7M total borrowings) and $15M put option reclassified to current liabilities
Foreign exchange headwinds (revenue down 4.9% constant currency vs 1.1% reported)

Market Snapshot

Exchange

Nasdaq

Sector

Motor Vehicles & Passenger Car Bodies

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
6-K Filing (Primary)	0001886190-26-000018
Document: a6-kerq12026.htm	0001886190-26-000018
Document: 0001886190-26-000018-index-headers.html	0001886190-26-000018
Document: 0001886190-26-000018-index.html	0001886190-26-000018
Document: 0001886190-26-000018.txt	0001886190-26-000018

3 reports for GGROW

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

Filters

Reports for GGROW — sortable, filterable
	Type				Now
May 21, 2026 19d ago	6-K MIXED ★ 5/10	$0.007100 $0.007100	· 0.00%	▼ −1.85%	$0.007100 (+0.00%)
Apr 3, 2026 9w ago	6-K NEUTRAL ★ 3/10	$0.007100 $0.007100	· 0.00%	▼ −4.13%	$0.007100 (+0.00%)
Mar 31, 2026 10w ago	20-F MIXED ★ 5/10	$0.007100 $0.007100	· 0.00%	▼ −3.94%	$0.007100 (+0.00%)

US Market Status

Market Closed — Opens in 6h 53m

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