Gogoro Inc. reported total revenue of $65.8 million for the second quarter ended June 30, 2025, representing an 18.7% decrease year-over-year, or 22.5% on a constant currency basis. The net loss for the quarter increased to $26.5 million from $20.1 million in the same period last year, primarily due to an unfavorable change in the fair value of financial liabilities.
Despite the revenue and net loss figures, Gogoro demonstrated significant operational improvements, with operating cash inflow reaching $15.2 million in the first half of 2025, a substantial increase from $4.8 million in the first half of 2024. Non-IFRS gross margin improved to 17.0% from 13.5% year-over-year, and adjusted EBITDA increased to $12.5 million from $12.0 million.
The company drew down NT$2.0 billion (approximately $68.3 million) in new long-term borrowings to enhance liquidity. Gogoro launched its new entry-level EZZY vehicle and a new Gogoro Network Energy rate plan, while reaffirming its full-year 2025 revenue guidance at the low end of the $295 million to $315 million range. Profitability targets for the energy business by 2026 and hardware sales by 2028 remain unchanged.
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