As the Taiwanese energy company and scooter manufacturer delivered its Q1 2025 results, key metrics continue deteriorating without any recovery in sight. The biggest worry is that Gogoro is also depleting its cash reserves and eroding its market cap.
Gogoro announced its quarterly results yesterday, and revenues continued to slide. The slide was driven by a steep fall in scooter sales that marginal growth in battery swapping revenues could not compensate for.
In Q1 2025, Gogoro's gross revenues were USD 63.62 million, down 8.7% year over year from USD 69.7 million in Q1 2024. On a rolling year basis, Gogoro has recorded revenues of USD 304.42 million in the last four quarters, a decline of 10.53% from revenues of USD 340.24 million in the previous four quarters.
Revenues declined 8.7% continuing the post Covid trend that is yet to correct
The slide in revenues has been a near-consistent trend post-COVID and has not yet started correcting.
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