Gogoro Reports Record EBITDA Despite Revenue Decline

On February 12, 2025, Gogoro reported record full-year adjusted EBITDA of $59.9 million, up from $44.7 million, with operating cash flow tripling to $31.1 million and gross margins rising to 8.3%. Revenue fell 9.4% and hardware revenue dropped 23.3% amid a weak Taiwan scooter market, prompting a strategic pivot to B2B and government fleets, a Vietnam pilot with Castrol, and modular swap station trials by late 2026.