EVgo beats Q4 revenue estimates on robust charging network expansion

Evgo

03/03/2026 12:14

Overview

EV charging provider's Q4 revenue rose 75% yr/yr, beating analyst expectations

Company achieved positive adjusted EBITDA for Q4 and full year 2025

Added over 500 new operational stalls in Q4, total stalls up 25% yr/yr

Outlook

EVgo expects 2026 revenue between $410 mln and $470 mln

Company projects 2026 adjusted EBITDA between $(20) mln and $20 mln

EVgo focuses on accelerating deployment and enhancing customer experience in 2026

Result Drivers

CHARGING NETWORK REVENUE - Record Q4 charging network revenue of $64 mln, up 37% yr/yr, marking 16th consecutive qtr of double-digit growth

STALL EXPANSION - Added over 500 new operational stalls in Q4, increasing total stalls by 25% yr/yr

NETWORK THROUGHPUT - Q4 network throughput rose 18% yr/yr to 99 GWh, reflecting increased usage

Company press release: ID:nGNX2HzpZf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$118.47 mln
$100.59 mln (10 Analysts)
Q4 Net Income
-$11.03 mln
Q4 Adjusted EBITDA
$24.86 mln
Q4 Adjusted Gross Margin
50.9%
Q4 Adjusted Gross Profit
$60.34 mln
Q4 Capex
$49.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for EVgo Inc is $6.00, about 112% above its March 2 closing price of $2.83

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)