Fast charging provider EVgo's Q2 revenue up 47%, beats estimates

Evgo

05/08/2025 12:35

Overview

EVgo Q2 2025 revenue grows 47% yr/yr, beating analyst expectations

Company added over 240 new operational stalls in Q2, totaling 4,350 stalls

EVgo secures $225 mln facility to expand high-power charging infrastructure

Outlook

EVgo projects 2025 revenue between $350 mln and $380 mln

Company expects adjusted EBITDA of $(5) mln to $10 mln for 2025

EVgo plans to deploy over 1,500 new fast charging stalls

Company aims for adjusted EBITDA breakeven by year-end

Result Drivers

REVENUE GROWTH - Record revenue of $98 mln in Q2, up 47% yr/yr, driven by strong network performance

CHARGING NETWORK - Charging network revenue reached $51.8 mln, marking 14th consecutive qtr of double-digit growth

STALL EXPANSION - Added over 240 new operational stalls, totaling 4,350 by end of Q2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$98.03 mln
$85 mln (7 Analysts)
Q2 EPS
-$0.1
Q2 Net Income
-$29.82 mln
Q2 Adjusted EBITDA
-$1.93 mln
Q2 Adjusted Gross Margin
28.9%
Q2 Adjusted Gross Profit
$28.36 mln
Q2 Capex
$26.20 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 $7.00, about 49.6% above its August 4 closing price of $3.53

Press Release: ID:nGNX1zkSWH

(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.)