Strong Revenue Growth
Total revenue for Q3 2025 was $92 million, representing a 37% year-over-year increase. Charging network revenues were $56 million, up 33%.
Record Stall Deployment
EVgo ended Q3 with 4,590 stalls in operation, a 2.7x increase compared to the end of 2021, and expects a very large fourth quarter for stall deployment.
Improvement in Adjusted EBITDA
Adjusted EBITDA improved by $4 million compared to Q3 2024, with expectations to reach breakeven in Q4 2025.
Increased Cash Position and Financing
Received $41 million from the DOE Loan and secured a $225 million commercial financing facility with potential expansion to $300 million.
Expansion of NACS Pilot
Expanded the pilot for NACS connectors to almost 100 cables, showing increased Tesla driver usage.
Strong Customer Growth
Customer base grew almost fivefold since 2021, contributing to increased network usage.