EV charging network EVgo's Q3 revenue beats expectations

Evgo

10/11/2025 12:24

Overview

EVgo Q3 revenue rises 37% yr/yr, beating analyst expectations

Company achieved record charging network revenue, up 33% yr/yr

EVgo added over 280 new charging stalls in Q3

Outlook

EVgo expects 2025 revenue between $350 mln and $405 mln

Company anticipates positive Adjusted EBITDA supported by a fully financed growth plan

EVgo plans to expand charging stations across the U.S. in Q4

Result Drivers

CHARGING NETWORK REVENUE - Record $55.8 mln in Q3, marking 15th consecutive quarter of double-digit growth

NETWORK THROUGHPUT - Reached a record 95 GWh in Q3, up 25% yr/yr

STALL EXPANSION - Added over 280 new stalls in Q3, ending with 4,590 stalls, up 25% yr/yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$92.30 mln
$91.20 mln (9 Analysts)
Q3 EPS
-$0.09
Q3 Net Income
-$28.36 mln
Q3 Adjusted EBITDA
-$4.98 mln
Q3 Adjusted Gross Margin
28.90%
Q3 Adjusted Gross Profit
$26.65 mln
Q3 Capex
$26.15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for EVgo Inc is $6.20, about 44.8% above its November 7 closing price of $3.42

Press Release: ID:nGNX4SyPh8

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(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.)