Evgo Inc. ( (EVGO) ) has released its Q2 earnings. Here is a breakdown of the information Evgo Inc. presented to its investors.
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EVgo Inc. is a leading provider of public fast charging infrastructure for electric vehicles across the United States, partnering with various businesses to deliver accessible charging solutions. In its latest earnings report for the second quarter of 2025, EVgo Inc. announced a record revenue of $98 million, marking a 47% increase year-over-year. The company also secured a $225 million commercial bank loan facility to accelerate its nationwide infrastructure expansion. Key highlights from the report include a 46% increase in charging network revenue, a 35% rise in network throughput, and the addition of over 240 new operational stalls, bringing the total to 4,350 stalls. The company also reported a gross profit of $13.9 million and a net loss of $13 million attributable to Class A common stockholders. Looking ahead, EVgo’s management remains focused on enhancing shareholder value by improving profitability and investing in growth, with the aim of achieving adjusted EBITDA breakeven for the full year.