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EVgo (EVGO)
NASDAQ:EVGO
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes substantial operational progress and strong growth: record deployments, significant revenue and throughput growth, improved unit economics, and the milestone of adjusted EBITDA breakeven for 2025. Management outlines an aggressive build and technology rollout plan (NACS connectors, next-gen charging architecture) and is investing in G&A to accelerate future returns. Offsetting these positives are a wide 2026 EBITDA guidance range driven by throughput and timing sensitivity, reliance on a one-time ancillary contract buyout in 2025 results, near-term CapEx and G&A increases, and early-stage performance for NACS throughput. Overall, the positives around demand, utilization, partnerships, and profitability momentum materially outweigh the near-term execution and timing risks discussed.Company Guidance
Adjusted EBITDA Breakeven and Profitability Momentum
Reached adjusted EBITDA breakeven in Q4 2025; full-year 2025 adjusted EBITDA was positive at $12,000,000 (a $44,000,000 improvement vs. 2024). Q4 adjusted EBITDA was $25,000,000 (a $33,000,000 improvement vs. prior-year quarter); management noted Q4 positivity remained after excluding a $24,000,000 ancillary contract buyout.
Strong Revenue Growth
Total revenue for FY2025 was $384,000,000, up 50% year-over-year. Q4 2025 revenue was $118,000,000, up 75% year-over-year. Charging network revenue for FY2025 was $218,000,000, up 40% YoY.
Network Usage and Throughput Expansion
Total public-network energy dispensed was 366 GWh in 2025, up 32% YoY; Q4 throughput was 99 GWh, up 18% YoY. Utilization in Q4 was 24%, ahead of the top-three average and up ~4 percentage points since Q1 2024 (while many subscale CPOs declined).
Rapid Network Deployment
Ended 2025 with ~5,100 stalls in operation after adding ~1,200 new stalls in 2025, including 500 stalls in Q4 (company's largest quarterly deployment). Guidance for 2026 calls for 1,400–1,650 total stall deployments and 1,050–1,250 new public/dedicated stalls (majority in H2).
Unit Economics and High-Performing Stores
Annualized cash flow per store in Q4 was ~$21,000 for the full network and over $65,000 for the top 15% of stalls (top 15% implies paybacks as fast as 1–2 years). Charging network gross margin expanded materially (charging gross profit margin rose into the upper thirties over recent years).
Charging Hardware and Technology Progress
Majority of network now 350 kW+ chargers (over 60% of the network). Pilot deployment of ~100 NACS (MAX) connectors in 2025 performed well; plan to add 400+ more NACS connectors in 2026 to expand addressable market (management reports MAX throughput is growing).
Strategic Partnerships and Competitive Position
Strong OEM, rideshare and retail partnerships (expanded Kroger partnership; discussions to expand partnership with Uber). Network described as the third largest and second fastest-growing U.S. CPO with 1.6 million customers and high utilization, supporting a claimed durable competitive moat.
Balance Sheet and Financing
Access to non-dilutive financing including DOE loan funding ($41,000,000 received in Oct 2025). As of 12/31/2025, commercial bank and DOE loan balances were $66,000,000 and $141,000,000 respectively; management emphasized sufficient liquidity to fund growth.
Operating Leverage and Margin Targets
Charging network gross profit increased significantly in 2025 (charging gross profit $86,000,000 and margin 39%, up 46% and 170 bps YoY). Company targets charging-network profits CAGR of 50%–60% and adjusted EBITDA CAGR of 105%–130% over the next four years, with long-term adjusted EBITDA margins goal of 25%–30%.
EVGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EVGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 10, 2025 | $3.42 | $3.44 | +0.58% |
Aug 05, 2025 | $3.53 | $3.66 | +3.68% |
May 06, 2025 | $2.77 | $3.67 | +32.49% |
Mar 04, 2025 | $2.44 | $2.48 | +1.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does EVgo (EVGO) report earnings?
EVgo (EVGO) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is EVgo (EVGO) earnings time?
EVgo (EVGO) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVGO EPS forecast?
EVGO EPS forecast for the fiscal quarter 2026 (Q1) is -0.1.
