The earnings call highlighted strong revenue growth, strategic financing milestones, and improved cash position, offset by some operational challenges and seasonal impacts on margins. Despite these challenges, the company's outlook and strategic positioning remain positive.

Company Guidance -

Q3 2025

In the second quarter of fiscal year 2025, EVgo reported significant progress in its financial and operational metrics. The company achieved a 47% year-over-year increase in revenue and improved its adjusted EBITDA by over $6 million compared to the previous year. EVgo ended the quarter with $183 million in cash, reflecting a $12 million increase from the prior quarter. The company closed a $225 million commercial bank facility, aimed at accelerating its expansion and increasing its stall guidance to approximately 14,000 by the end of 2029. EVgo also forecasted a 28% reduction in 2025 vintage net CapEx per stall, enhancing returns. The company reported an increase in daily throughput per stall, reaching 281 kWh, a 22% rise from the previous year, and anticipates further improvements following the resolution of a firmware issue. Looking ahead, EVgo expects total fiscal net CapEx for 2025 to range between $140 million and $160 million, with a projection to add 800-850 new public and dedicated stalls. The company is on track to achieve adjusted EBITDA breakeven, with anticipated positive figures for the fourth quarter of 2025.

Strong Revenue Growth

EVgo reported a 47% increase in revenue compared to the same quarter last year, indicating strong financial performance.

Significant Financing Milestone

Closed the largest and first-of-its-kind commercial bank financing for charging infrastructure in the U.S. for $225 million, expandable to $300 million, with a $48 million first drawdown.

Cash Position Improvement

Ended the quarter with $183 million in cash, cash equivalents, and restricted cash, $12 million higher than the previous quarter.

Increased Stall Growth Forecast

EVgo plans to increase its ending 2029 public stall guidance by approximately 3,500 more stalls to roughly 14,000 stalls.

Reduction in CapEx per Stall

Forecasted a reduction in net CapEx per stall for 2025 vintage stalls by 28% versus initial expectations, leading to higher returns.

Growth in Ancillary Revenues

Ancillary revenues grew by 157% compared to last year, driven by growth in the hubs business for autonomous vehicle companies.

EVgo (EVGO) Earnings, Revenues Date & History

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EVGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.10 / -	-0.11	―	―	―
Aug 05, 2025	2025 (Q2)	-0.10 / -0.10	-0.1	0.00% (0.00)
May 06, 2025	2025 (Q1)	-0.08 / -0.09	-0.09	0.00% (0.00)
Mar 04, 2025	2024 (Q4)	-0.10 / -0.11	-0.12	8.33% (<+0.01)
Nov 12, 2024	2024 (Q3)	-0.11 / -0.11	-0.09	-22.22% (-0.02)
Aug 01, 2024	2024 (Q2)	-0.10 / -0.10	-0.08	-25.00% (-0.02)
May 07, 2024	2024 (Q1)	-0.11 / -0.09	-0.18	50.00% (+0.09)
Mar 06, 2024	2023 (Q4)	-0.17 / -0.12	-0.06	-100.00% (-0.06)
Nov 08, 2023	2023 (Q3)	-0.20 / -0.09	-0.19	52.63% (+0.10)
Aug 02, 2023	2023 (Q2)	-0.24 / -0.08	0.06	-233.33% (-0.14)

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
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%
Nov 12, 2024	$5.40	$4.89	-9.44%

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.