EVgo Inc.EVGOEarnings & Financial Report
EVgo Inc. is an electric vehicle fast charging network in the United States, with more than 950 charging locations as of August 2023. The company's charge stations are located in 35 states and are compatible with all major auto manufacturers.
Revenue
$98.0M
Gross Profit
$13.9M
Operating Profit
$-30.8M
Net Profit
$-13.0M
Gross Margin
14.2%
Operating Margin
-31.4%
Net Margin
-13.3%
YoY Growth
47.2%
EPS
$-0.10
EVgo Inc. Q2 FY2025 Financial Summary
EVgo Inc. reported revenue of $98.0M (up 47.2% YoY) for Q2 FY2025, with a net profit of $-13.0M (down 25.3% YoY) (-13.3% margin). Cost of goods sold was $84.1M, operating expenses totaled $44.7M.
Key Financial Metrics
| Total Revenue | $98.0M |
|---|---|
| Net Profit | $-13.0M |
| Gross Margin | 14.2% |
| Operating Margin | -31.4% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
EVgo Inc. Q2 FY2025 revenue of $98.0M breaks down across 5 segments, led by Charging Network Revenue at $51.8M (52.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Charging Network Revenue | $51.8M | 52.9% |
| Charging Revenue Retail | $32.8M | 33.4% |
| Charging Revenue Commercial | $8.6M | 8.7% |
| Regulatory Credit Sales | $2.5M | 2.5% |
| Other | $2.4M | 2.4% |
EVgo Inc. Revenue by Segment — Quarterly Trend
EVgo Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Charging Network Revenue and Charging Revenue Retail) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Charging Network Revenue | $63.6M | — | $51.8M | — |
| Charging Revenue Retail | $35.8M | $35.3M | $32.8M | $30.0M |
| Charging Revenue Commercial | $9.3M | $9.1M | $8.6M | $7.8M |
| Regulatory Credit Sales | $2.2M | $2.8M | $2.5M | $2.8M |
| Other | — | — | $2.4M | $4.7M |
EVgo Inc. Annual Revenue by Year
EVgo Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $384.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $384.1M |
| 2024 | $256.8M |
| 2023 | $161.0M |
| 2022 | $54.6M |
EVgo Inc. Quarterly Revenue & Net Profit History
EVgo Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $118.5M | +75.5% | $-4.8M | -4.1% |
| Q3 FY2025 | $92.3M | +36.7% | $-12.4M | -13.4% |
| Q2 FY2025 | $98.0M | +47.2% | $-13.0M | -13.3% |
| Q1 FY2025 | $75.3M | +36.5% | $-11.4M | -15.1% |
| Q4 FY2024 | $67.5M | +35.0% | $-12.4M | -18.4% |
| Q3 FY2024 | $67.5M | +92.4% | $-11.7M | -17.3% |
| Q2 FY2024 | $66.6M | +31.8% | $-10.4M | -15.6% |
| Q1 FY2024 | $55.2M | +118.0% | $-9.8M | -17.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.2M | $66.6M | $67.5M | $67.5M | $75.3M | $98.0M | $92.3M | $118.5M |
| YoY Growth | 118.0% | 31.8% | 92.4% | 35.0% | 36.5% | 47.2% | 36.7% | 75.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $787.5M | $785.3M | $791.7M | $803.8M | $856.0M | $864.7M | $931.8M | $964.8M |
| Liabilities | $270.4M | $292.0M | $325.9M | $360.0M | $433.1M | $464.1M | $542.6M | $578.9M |
| Equity | $25.7M | $13.6M | $-344.8M | $-256.1M | $-36.8M | $-230.1M | $-428.1M | $-116.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.1M | $7.6M | $12.1M | $-12.8M | $-10.2M | $14.1M | $-22.8M | $11.3M |