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EVGOW

EVgo, Inc.

EVGOW

EVgo, Inc. • NASDAQ
$0.12 ▲ 2.03% (+0.00)
Market Cap $15.60 M
52w High $1.24
52w Low $0.10
Dividend Yield 0%
P/E 0
Volume 11.15K
Outstanding Shares 135.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $92.299M ▼ $46.644M ▲ $-12.385M ▲ -13.418% ▼ $-0.092 ▲ $-17.743M ▼
Q2-2025 $98.03M ▲ $44.72M ▲ $-12.998M ▼ -13.259% ▲ $-0.097 ▼ $-10.443M ▼
Q1-2025 $75.287M ▲ $42.723M ▼ $-11.362M ▲ -15.092% ▲ $-0.09 ▲ $-5.569M ▲
Q4-2024 $67.513M ▼ $44.784M ▲ $-12.415M ▼ -18.389% ▼ $-0.11 $-17.265M ▼
Q3-2024 $67.535M $38.157M $-11.709M -17.338% $-0.11 $-15.204M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $181.327M ▲ $931.831M ▲ $542.606M ▲ $-428.119M ▼
Q2-2025 $176.893M ▲ $864.657M ▲ $464.077M ▲ $-230.14M ▼
Q1-2025 $150.008M ▲ $855.981M ▲ $433.107M ▲ $-36.774M ▲
Q4-2024 $117.273M ▼ $803.761M ▲ $360.03M ▲ $-256.109M ▲
Q3-2024 $153.406M $791.686M $325.9M $-344.826M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-28.356M ▼ $-22.828M ▼ $-26.152M ▲ $66.737M ▲ $17.757M ▲ $-48.98M ▼
Q2-2025 $-12.928M ▼ $14.089M ▲ $-26.197M ▼ $24.905M ▼ $12.114M ▼ $-12.11M ▲
Q1-2025 $-11.3M ▲ $-10.246M ▲ $-14.97M ▲ $75.284M ▲ $44.267M ▲ $-25.238M ▲
Q4-2024 $-12.334M ▼ $-10.505M ▼ $-16.954M ▲ $-5.435M ▼ $-32.894M ▼ $-34.19M ▼
Q3-2024 $-11.709M $12.101M $-25.753M $4.322M $-9.33M $-13.734M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Ancillary Revenue
Ancillary Revenue
 $10.00M ▲$0 ▼$10.00M ▲$0 ▼
Charging Revenue Commercial
Charging Revenue Commercial
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Charging Revenue OEM
Charging Revenue OEM
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Charging Revenue Retail
Charging Revenue Retail
 $50.00M ▲$30.00M ▼$30.00M ▲$40.00M ▲
Network Revenue OEM
Network Revenue OEM
 $0 ▲$0 ▲$0 ▲$0 ▲
Regulatory Credit Sales
Regulatory Credit Sales
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement EVgo looks like a classic early‑stage infrastructure company: revenue is still relatively small, but it has been growing quickly year after year. The good news is that the core charging business has moved from losing money on each dollar of sales to at least generating a modest positive margin. The less comfortable side is that operating losses remain sizable because the company is spending heavily on people, technology, and network build‑out. Net results are still negative, but the trend over the last few years points to gradual improvement rather than deterioration.

Balance Sheet

Balance Sheet The balance sheet shows a business that has built up a meaningful base of assets in a short time, but has done so at the cost of accumulating losses. Cash reserves have stepped down from earlier, more comfortable levels, while total assets have stayed broadly stable, indicating that cash has been converted into charging infrastructure and related investments. Debt remains present but not excessive, which helps, yet shareholder equity is negative, reflecting prior losses and financing structure. This combination suggests a company with real tangible assets but a capital structure that needs to be watched closely over time.

Cash Flow

Cash Flow EVgo is still firmly in cash‑consuming mode. The day‑to‑day business operations use cash, though the amount being burned each year has been shrinking, which is a constructive sign. The largest drain is investment in new charging stations and related equipment, so free cash flow is clearly negative. In practical terms, this means the company remains reliant on existing cash, potential new financing, or partnerships to fund expansion until the network can support itself through higher utilization and better margins.

Competitive Edge

Competitive Edge EVgo’s main strengths lie in its focus on fast charging, its partnerships, and its locations. It is positioning itself as a specialist in rapid charging rather than slower, destination charging, which aligns with how many drivers want to use public infrastructure. Relationships with major automakers and retailers give it access to customers and to high‑traffic sites like grocery stores and convenience chains, which can help drive station usage. At the same time, the company operates in a very competitive space, facing networks backed by large automakers, oil companies, and utilities, as well as Tesla’s network. Scale, reliability, and customer experience will be critical in determining how much share EVgo can hold over the long term.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of EVgo’s strategy. The company is working on next‑generation chargers with a manufacturing partner to lower the cost per stall and improve efficiency, which is crucial in a capital‑heavy business. Features like plug‑and‑charge (Autocharge+), wide adoption of the dominant connector standard, and integration with voice assistants aim to make charging simpler and more appealing to drivers. The Innovation Lab and software tools for fleets, retail partners, and loyalty programs show a push to differentiate through technology and data, not just hardware. The big question is execution speed: how quickly these innovations translate into higher station utilization, lower costs, and better economics.

Summary

Overall, EVgo is an early‑stage, fast‑growing EV charging network that is still working its way toward financial maturity. Revenue and unit economics are moving in the right direction, but the company continues to post losses and use significant cash to build out its network. Its asset base and partnerships are meaningful strengths, while negative equity and ongoing cash burn are key financial risks. On the strategic side, EVgo’s focus on fast charging, prime locations, and customer‑friendly technology provides a solid platform, but the industry is crowded and rapidly evolving. Future outcomes will depend heavily on EV adoption rates, policy support, capital availability, and EVgo’s ability to scale its network while steadily narrowing its losses.