Gogoro Inc. key statistics and ratios

In fiscal 2025, Gogoro Inc. had return on equity of -56.2%, an operating margin of -26.0%, debt equal to 333.5% of equity and a current ratio of 0.76. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Gogoro Inc.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	21.2%	21.8%	16.7%	15.1%	14.6%	2.6%	8.2%
Operating margin	−2.5%	−10.0%	−15.7%	−77.9%	−25.3%	−45.6%	−26.0%
Net margin	−3.0%	−13.5%	−18.4%	−25.8%	−21.7%	−39.5%	−28.4%
Free-cash-flow margin	−34.4%	−39.4%	−12.8%	−49.1%	−16.8%	−36.9%	−10.3%
Return on equity	−6.0%	−24.6%	−43.9%	−46.8%	−27.8%	−57.7%	−56.2%
Return on assets	—	−6.2%	−8.2%	−11.5%	−8.9%	−16.0%	−12.3%
Asset turnover	—	0.46	0.45	0.45	0.41	0.40	0.43
Current ratio	—	1.72	0.75	1.60	1.24	0.90	0.76
Debt to equity	0.0%	151.6%	467.8%	127.5%	164.9%	202.1%	333.5%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	6.2%	7.9%	8.4%	12.0%	11.7%	11.2%	9.0%
Capital spending as % of revenue	40.1%	39.6%	34.9%	32.2%	33.7%	40.1%	23.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 7 checks passed · December 31, 2025

What it owns · $602m

Short-term assets $131mLonger-term assets $471m

What it owes, and who funded it · $602m

Short-term liabilities $172mLonger-term liabilities $321mShareholders' equity $108m

Short-term assets cover short-term liabilities $131m of assets due within a year against $172m of liabilities due within a year.
Short-term assets cover long-term liabilities $131m short-term assets against $321m of longer-dated liabilities.
More cash than debt $71m of cash against $361m of debt.
Debt below 40% of shareholders' equity Debt is 333% of equity.
Debt burden no higher than five years ago Debt to equity moved from 137% to 333% over five years.
A year's operating cash flow covers at least 20% of debt $36m of operating cash flow against $361m of debt.
Operating profit covers interest at least five times over Operating income of −$73m against $15m of interest.

From Gogoro Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Gogoro Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gogoro Inc.