10 Best NASDAQ Stocks Under $5 to Buy Right Now

8. ​Gogo Inc. (NASDAQ:GOGO)

Number of Hedge Fund Holders: 37

​Gogo Inc. (NASDAQ:GOGO) is one of the best NASDAQ stocks under $5 to buy right now. On May 7, Gogo announced Q1 2026 financial results, reporting total revenue of $226.3 million, a 2% decline compared to both Q1 and the previous quarter. Equipment revenue increased 22% year-over-year to $38.6 million, propelled by a record of 511 air-to-ground/ATG units sold, though service revenue dropped 5% to $187.7 million. Net income for the quarter reached $13.1 million, while Adjusted EBITDA stood at $53.3 million, representing a 41% sequential increase.

The company is continuing its transition into a global high-speed broadband provider through its next-gen Gogo Galileo and 5G networks. Cumulative shipments for the low-earth orbit satellite service, Gogo Galileo, reached 410 units, with its aircraft online count growing 50% from the previous quarter to 111. Operationally, Gogo secured a contract extension through November 2026 under the FCC Reimbursement Program for its LTE network deployment and completed 35 commercial supplemental type certificates for Gogo Galileo, covering an addressable market of ~7,000 aircraft.

In April, the company made a $40 million earn-out payment related to its Satcom Direct acquisition and a $21.1 million principal repayment on its term loan facility to support its balance sheet de-leveraging strategy. ​Gogo Inc. (NASDAQ:GOGO) also reaffirmed its full-year 2026 guidance, projecting total revenue between $905 and $945 million and free cash flow between $90 and $110 million.

​Gogo Inc. (NASDAQ:GOGO) provides broadband, in-flight connectivity, and wireless entertainment services for the business aviation market. It delivers high-speed internet, voice, and data services to private jets and corporate aircraft using a proprietary air-to-ground/ATG network and satellite technologies.