EVgo 2025 Q2 Earnings Revenue Surges 47% but Net Loss Slightly Widens

EVgo(EVGO) reported its fiscal 2025 Q2 earnings on Aug 06th, 2025. The company's revenue surged by 47.2% to $98.03 million in 2025 Q2 compared to $66.62 million in 2024 Q2. The company slightly raised its Adjusted EBITDA guidance and maintained its revenue forecast, indicating confidence in its operational and financial strategy.

Revenue

EVgo reported total revenue of $98.03 million in 2025 Q2, a 47.2% increase from $66.62 million in 2024 Q2. The revenue breakdown includes Charging, retail at $32.78 million, Charging, commercial at $8.57 million, Charging, OEM at $7.91 million, Regulatory credit sales at $2.45 million, Network, OEM at $118000, eXtend at $37.38 million, and Ancillary at $8.82 million. The company's revenue growth was driven by a robust performance across all segments, particularly in retail and eXtend.

Earnings/Net Income

EVgo maintained stable EPS at $-0.10 in 2025 Q2 compared to 2024 Q2. The company's net loss widened to $-29.82 million in 2025 Q2, a 0.7% increase from the $-29.61 million loss in 2024 Q2. Despite the stable EPS, the widening net loss highlights ongoing financial challenges, as the company has sustained losses for four consecutive years over the corresponding fiscal quarter.

Price Action

The stock price of EVgo has dropped 3.06% during the latest trading day, edged up 1.16% during the most recent full trading week, and climbed 5.44% month-to-date. The mixed short-term price action reflects investor sentiment and market dynamics in response to the earnings report.

Post Earnings Price Action Review

The strategy of buying EVGO shares after a revenue raise on the financial report released date and holding for 30 days resulted in a significant underperformance. The strategy had a return of -63.21%, compared to a benchmark return of 48.58%, resulting in an excess return of -111.79%. The strategy's CAGR was -29.19%, indicating a substantial loss over the 3-year period. Additionally, the strategy had a maximum drawdown of 0.00%, a Sharpe ratio of -0.33, and a volatility of 88.00%, highlighting the high risk and negative returns of this strategy.

CEO Commentary

Badar Khan, EVgo’s CEO, emphasized the company’s strong Q2 2025 performance, highlighting revenue growth and strategic infrastructure expansion. He noted that business growth was driven by increased charging demand and operational stalls, with the CEO expressing optimism about the company’s ability to meet rising demand through its owner-operator model and strong balance sheet. Khan also highlighted the co-development agreement with Delta Electronics for next-generation charging technology, as well as progress in deploying NACS connectors, as key strategic priorities. He remained confident in achieving Adjusted EBITDA breakeven in 2025 while continuing to invest in innovation and growth, despite ongoing capital expenditures. The tone reflected cautious optimism, acknowledging near-term financial pressures but emphasizing long-term positioning.

Guidance

EVgo affirmed its 2025 revenue guidance of $340–$380 million and Adjusted EBITDA guidance of $(5) million–$10 million, with the CEO expressing confidence in meeting these targets while maintaining disciplined capital allocation and expanding charging capacity.

Additional News

EVgo secured a commercial bank financing facility of up to $300 million, with $225 million committed and $75 million of incremental availability, marking the first of its kind in the sector. The proceeds will accelerate the company’s nationwide deployment of high-power charging infrastructure by over 1,500 new fast charging stalls. Additionally, the company ended the second quarter with 4,350 stalls in operation after adding more than 240 new DC fast charging stalls. EVgo also launched its second pilot site with native NACS connectors in June 2025, with additional locations anticipated throughout 2025. PlugShare, EVgo's network, reached 6.9 million registered users and achieved 9.7 million check-ins since inception, indicating strong user engagement and growth potential.