Gogoro Q1 Operating Cash Flow Up $12M; Scooter Sales Rise 33%
Gogoro posted positive operating cash flow of $3.1 million in Q1, a $12 million year-over-year gain, while net loss narrowed by $10.7 million to $7.9 million. IFRS gross margin surged to 20.4% from 4.9%, total revenue was $62.9 million and scooter sales jumped 32.8% to 6,216 units.
1. Q1 Financial Performance
Gogoro generated positive operating cash flow of $3.1 million in Q1 2026, a $12 million improvement year-over-year. Total revenue was $62.9 million, down 1.1% annually, and adjusted EBITDA rose to $16.3 million while net loss narrowed to $7.9 million.
2. Margin Improvement
IFRS gross margin climbed to 20.4% from 4.9% a year earlier and non-IFRS margin reached 20.5%. Improved product mix and operational efficiencies drove the convergence of both margin measures at roughly 20%.
3. Market Expansion and Volume Growth
Scooter deliveries increased 32.8% to 6,216 units, capturing over 80% of Taiwan’s electric two-wheeler market. Battery-swapping revenue grew 6.2% to $36.6 million, and subscriber count rose 4% to 670,000 as Gogoro prepares to expand into Vietnam.