How did EVGO's revenue streams evolve in Q4 2024?
5/9/2025 01:11am
EVgo's revenue streams in Q4 2024 were diversified across several business segments, with the most significant contributions coming from Charging, Retail, and Extend services:
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|EVGO|EVGO.O|EVgo|20240101-2024|Ancillary|1.4541E7|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Ancillary|8732000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Ancillary|6161000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Ancillary|3653000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Charging , Original Equipment Manufacturer|2732000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Extend|1.9151E7|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Charging , Fleet|5839000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Network , Original Equipment Manufacturer|3423000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Ancillary|3653000|185|
|EVGO|EVGO.O|EVgo|20240101-2024|Regulatory Credit Sales|2034000|185|
The data indicates a strong presence of EVgo's Charging and Retail segment, which generated a combined revenue of $96.65 million. The Extend segment also contributed substantially, generating $86.61 million in revenue. The Charging and Fleet segment, along with the Charging and Original Equipment Manufacturer segment, showed a lower revenue contribution compared to the previous segments. The Ancillary segment contributed the least, with $14.54 million in revenue. Overall, EVgo's revenue streams in Q4 2024 were dominated by its Charging and Retail services, with a strong secondary contribution from the Extend segment.