What is the market's earnings forecast for EVgo next quarter?

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What were the key takeaways from EVgo’s earnings call?

What were the key takeaways from EVgo's earnings call?

What is EVgo's gross profit margin?

What is the revenue and EPS growth rate for EVgo year over year?

What factors drove the changes in EVgo's revenue and profit?

Did EVgo beat or miss consensus estimates last quarter?

- **Breakeven Achieved**: Q4 2025 marked first positive adjusted EBITDA ($25M) and FY2025 EBITDA of $12M (vs. -$32M prior year).
- **Store Growth**: 1,200+ new stores in 2025, targeting 1,400-1,650 in 2026 with 3-5 year paybacks.
- **NACS Expansion**: 400+ new connectors in 2026 to double addressable market, with top 15% stores generating $65k/annualized cash flow.
- **Rideshare Growth**: 25% of throughput from rideshare, 50% from subscription accounts, driven by Uber partnership expansion.
- **AV Potential**: 140 dedicated stores with AV partners, targeting 50-75 new stores in 2026.

**【CEO Summary Section】**
- Achieved adjusted EBITDA breakeven in Q4 2025, a key milestone with total revenue of $384 million (50% YoY growth) and 5,100 stores in operation.
- Utilization rate of 24% in Q4, significantly higher than industry average, driven by superior site selection and customer engagement tools like AutoCharge+.
- Investing in NACS connectors to double addressable market, with 400+ new connectors deployed in 2026, targeting 3-5 year paybacks.
- Autonomous vehicle partnerships (140 dedicated stores) and rideshare electrification (25% of throughput) are key growth drivers.

**【CFO Financial Commentary】**
- Q4 2025 revenue: $118 million (75% YoY growth), with charging network revenue up 37% to $64 million.
- Adjusted EBITDA turned positive at $25 million (Q4) and $12 million (FY2025), up $44 million YoY.
- 2026 guidance: $410-470 million revenue, adjusted EBITDA of -$20 to +$20 million, with second-half annualized EBITDA of $40 million.
- Capital spending of $76 million in 2025 (64% YoY growth), targeting 1,400-1,650 new stores in 2026.

**【Q&A Key Highlights】**
- **Customer Usage**: 25% of throughput from rideshare, 50% from subscription accounts; top 15% of stores generate $65k/annualized cash flow.
- **NACS Performance**: Throughput per store doubled since Q3 2025, with 400+ new connectors deployed in 2026.
- **Autonomous Vehicles**: 140 dedicated stores with AV partners, targeting 50-75 new stores in 2026.
- **Capital Allocation**: 2026 G&A of $150-155 million (35% of revenue) to support deployment, with 3-5 year paybacks on new stores.
- **Dynamic Pricing**: Rolling out advanced algorithms to optimize gross margins in real-time.

EVgo, Inc.(EVGO)-20260303-2025 Q4 Earnings call transcript

- **Revenue Growth Accelerates**: Q3 2025 revenue up 37% YoY, with charging network revenue rising 33% and eXtend revenues jumping 46%.
- **Breakeven EBITDA in Q4**: Company on track for adjusted EBITDA breakeven in Q4 2025, with 3-4x annualized stall growth by 2029.
- **Cost Efficiency**: 27% reduction in 2025 net CapEx per stall, 17% decline in gross CapEx, and 40% capital offsets from incentives.
- **NACS Rollout Success**: 100 NACS cables deployed, with higher Tesla utilization at pilot sites.
- **Autonomous Vehicle Growth**: Long-term contracts with AV partners driving dedicated stall deployments and recurring revenue.

**【CEO Summary Section】**
- EVgo reported total revenue of $92 million for Q3 2025, a 37% year-over-year increase, driven by a 33% rise in charging network revenue and a 46% growth in eXtend revenues.
- The company achieved a record 4,590 stalls in operation, with a focus on high-utilization locations and next-generation charging architecture expected to reduce net CapEx per stall by 27% in 2025.
- EVgo anticipates breakeven adjusted EBITDA in Q4 2025 and 3-4x annualized growth in stalls by 2029, supported by $41 million in DOE Loan advances and a $225 million commercial financing facility.
- The rollout of 100 NACS cables has increased Tesla driver utilization at pilot sites, with plans to expand the rollout in 2026.

**【CFO Financial Commentary】**
- Charging network gross margin improved to 35% in Q3 2025, up 1 percentage point year-over-year, reflecting operating leverage from fixed costs and higher throughput per stall.
- Adjusted EBITDA improved by $4 million year-over-year, with G&A as a percentage of revenue declining to 34% from 40% in Q3 2024.
- EVgo expects to deploy 700-750 stalls in 2025, with a focus on eXtend partnerships and cost reductions of 17% in gross CapEx per stall.

**【Q&A Highlights】**
- CEO Badar Khan emphasized the company's ability to generate 2-3x returns on capital, with 2025 vintage net CapEx of $75,000 per stall and 40% capital offsets from state incentives and federal programs.
- CFO Paul Dobson noted that EVgo's next-generation charging architecture will reduce gross CapEx by 25% by 2029, driven by prefabricated skids and lower contractor pricing.
- The company is prioritizing high-value customers and autonomous vehicle partnerships, with dynamic pricing strategies to optimize usage and reduce wait times.
- EVgo's EVgo app reached a 4.5-star rating on the Apple App Store, signaling potential organic customer growth.

EVgo, Inc. (EVGO) Q3 2025 Earnings Call Transcript

- **Revenue Growth & Margin Expansion**: Q2 2025 revenue $98M (+47% YoY), adjusted EBITDA -$1.9M (vs. -$7.9M YoY). 2025 guidance: $350-380M revenue, 32-38% EBITDA margins by 2029.
- **Strategic Financing**: $225M bank facility + $65M 30C proceeds enable 5,000+ stalls/year by 2029. 28% CapEx reduction vs. prior estimates.
- **NACS Cable Momentum**: 100+ retrofits by year-end targeting 3x Tesla driver usage. Early sites show significant usage uplift.
- **AV Hubs Growth**: Ancillary revenue +157% YoY, 2025 hubs revenue to double YoY. 2029 target: $100M+ from AV partnerships.
- **Unit Economics**: 2029 stalls expected to generate $38-47K cash flow/stall, with 50-52% gross margin and 32-38% EBITDA margins.

**【CEO Summary Section】**
- Q2 2025 revenue grew 47% YoY to $98 million, driven by charging network and eXtend revenue growth. Adjusted EBITDA improved by $6 million YoY to -$1.9 million, nearing full-year breakeven.
- Secured $225M commercial bank facility (expandable to $300M) with first drawdown of $48M, enabling 5,000+ stalls/year by 2029 (vs. 825 in 2025). 
- Achieved 28% reduction in 2025 net CapEx per stall ($74K) vs. prior estimates, driven by state grants (45% offsets) and cost efficiencies. 
- Launched 30C tax credit sale for $17M proceeds and expanded NACS cable deployment to 100+ sites by year-end to attract Tesla drivers.

**【CFO Financial Commentary】**
- Q2 2025: Charging network revenue $51.8M (+46% YoY), eXtend $37.4M (+35%), ancillary $8.8M (+157%). Adjusted gross margin 28.9%, up 240bps YoY. 
- 2025 guidance: $350-380M revenue, 800-850 new public stalls, $140-160M net CapEx. 2029 target: 14,000 stalls generating $1.2-1.5B revenue and 32-38% EBITDA margins.
- Unit economics: 2029 stalls expected to generate $90-104K revenue/stall, $38-47K cash flow/stall, with 50-52% gross margin.

**【Q&A Key Highlights】**
- **CapEx & Offsets**: 45% 2025 CapEx offsets (state grants, 30C) vs. 50% in 2024. Geographic diversity of grants (CA, FL, PA, etc.) mitigates federal policy risks.
- **Utilization**: Q2 throughput 281 kWh/stall/day (+22% YoY). July post-firmware: 300 kWh/day. 2029 target: 23-26% utilization with 80kW charge rates.
- **NACS Cables**: Early results show 3x Tesla driver usage at retrofitted sites. 100+ cables to be added by year-end, targeting non-Tesla Supercharger areas.
- **AV Hubs**: Ancillary revenue (+157% YoY) driven by AV partnerships. 2025 hubs revenue to double YoY, with 2029 target of $100M+.
- **Pricing Power**: ASP per kWh up 12% YoY, with dynamic pricing testing showing strong customer elasticity.


EVgo, Inc. (EVGO) Q2 2025 Earnings Call Transcript

- **Record Growth**: Q1 2025 revenue up 36% YoY to $75M, with 60% public network throughput growth. 4,200+ operational stalls and 13 straight quarters of double-digit revenue growth.
- **DOE Loan Dominance**: $1.25B DOE loan enables 7,500+ new stalls, 75% of 2025 builds in H2. 2026 capex reduction via Delta partnership targeting 30% lower gross capex.
- **Tariff Resilience**: $4M-$5M 2025 tariff impact offset by $10M cost savings. 85% of capex domestically sourced, minimizing tariff exposure.
- **Customer Loyalty**: 55% of throughput from ride-sharing and subscription accounts. 95% successful charge sessions (One and Done metric).
- **AV Expansion**: 20% share of dedicated AV stalls, with plans to expand AV-focused sites. Testing NACS connectors for Tesla compatibility.
- **2025 Outlook**: Target adjusted EBITDA breakeven ($5M-$10M range). 2025 capex $160M-$180M, with 30% offset by grants/incentives.


**【CEO Summary Section】**
- **Revenue Growth**: Total revenue rose 36% YoY to $75 million, driven by charging network and extend revenue. Public network throughput increased 60% YoY, with 13 consecutive quarters of double-digit growth.
- **Network Expansion**: Added 180+ new stalls, reaching 4,200 operational stalls. 21% of sites now have 6+ stalls, and 52% of stalls use 350kW chargers.
- **DOE Loan Progress**: Received second quarterly advance of $1.25B loan guarantee, enabling 7,500+ new stalls over five years. 75% of 2025 stalls expected to deploy in H2, with 50% in Q4.
- **Tariff Mitigation**: $45M-$50M capex for imported chargers, with $4M-$5M tariff impact offset by $10M in cost efficiencies. 30% capex reduction via Delta Electronics partnership targeting 2026.
- **Customer Experience**: 95% successful charge sessions (One and Done metric). Autocharge+ usage at 27%, and 55% of throughput from ride-sharing and subscription accounts.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: Charging network revenue ($47.1M) up 49% YoY; extend revenue ($23.5M) up 23% YoY. Adjusted EBITDA improved to -$5.9M (vs. -$7.2M prior year).
- **Gross Margin**: Charging network gross margin 37.1%, down 370bps due to breakage revenue decline. Excluding breakage, margin up 130bps YoY.
- **Cost Efficiency**: G&A as % of revenue improved to 41.6% (vs. 44.4% prior year). Capex per stall for 2025 vintage at $135K, 8% lower than 2024.
- **2025 Guidance**: Total revenue $340M-$380M, with 2/3 from charging network. Target adjusted EBITDA breakeven ($5M-$10M range). Net capex $160M-$180M, with 30% offset by grants/incentives.

**【Q&A Highlights】**
- **Tariff Impact**: $4M-$5M estimated 2025 impact offset by $10M cost savings. 2026 capex reduction via Delta partnership targeting 30% lower gross capex.
- **Autonomous Vehicle Strategy**: 20% share of dedicated stalls for AVs, with contracted cash flows. Planning to expand AV-focused sites.
- **Tesla NACS Rollout**: Testing NACS connectors at select sites, with 100-150 retrofits planned for 2025. Full NACS integration in 2026 chargers.
- **Market Expansion**: Focus on high-demand states like Texas, Florida, and Michigan. 75% of 2025 stalls to deploy in H2, with 50% in Q4.
- **Extend Business**: 2025 revenue broadly flat to 2024, with slight H2 decline. No new extend partners beyond PFJ.
- **DOE Loan Execution**: Quarterly advances on track; exploring complementary financing for non-DOE eligible projects.


EVgo (EVGO)-6 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: 60% YoY revenue ($257M) with 9 straight quarters of >10% growth. 
- **Network Expansion**: 1,200+ new stores in 2024, 4,080 total stalls, targeting 11,000+ by 2029. 
- **Utilization Surge**: 24% network utilization (vs. 19% 2023), 32% of stalls >30% utilization. 
- **DOE Loan Execution**: $1.25B loan secured, $75M first draw in January 2025. 
- **Profitability Path**: 2025 EBITDA breakeven target (-$5M to +$10M). 
- **NACS Momentum**: Early success with Tesla vehicles, expanding NACS connector deployment. 
- **Resilient Model**: 65% of revenue from rideshare/OEM/subscription, 50% stalls with >15% utilization. 


**【CEO Opening Remarks】**
- Q4 and full-year 2024 results were record-breaking, with 9th consecutive quarter of double-digit revenue growth (60% YoY to $257M). 
- Added 480 new operational stores in Q4 (1,200+ new stores in 2024), bringing total to 4,080 stalls. 
- Secured $1.25B DOE loan guarantee to triple installed base over 5 years, with $75M first draw in January 2025. 
- Utilization rate reached 24% (vs. 19% YoY), with 32% of stalls >30% utilization. 
- Key growth drivers: rideshare electrification, multifamily housing adoption, 350kW charger deployment, and NACS connector pilot. 
- 2025 priorities: EBITDA breakeven, 800-900 new public/dedicated stalls, and GM flagship store partnerships. 

**【CFO Financial Highlights】**
- Q4 2024 revenue: $67.5M (35% YoY growth). 
- Charging network gross margin: 37.6% (vs. 26% 2023). 
- Adjusted EBITDA: -$8.4M (improvement of $5.6M YoY). 
- 2025 guidance: $340-380M revenue, -$5M to +$10M EBITDA. 
- 2025 CapEx: $160-180M (net of $46.4M 2024 offsets). 
- Unit economics: top 15% stalls generate $50K+ annual cash flow, vs. long-term target of $50K+ at scale. 

**【Q&A Key Takeaways】**
- DOE loan discussions: confident in $1.25B loan execution, with $200M+ cash on hand. 
- NACS connector pilot: early success attracting Tesla vehicles, plan to expand deployment. 
- Financing options: exploring project financing for non-DOE projects. 
- Utilization trends: 24% Q4 2024 vs. 19% 2023, targeting 23-26% long-term range. 
- EV adoption resilience: business model benefits from EV VIO growth vs. annual sales. 
- Competition: IONNA deployment seen as positive for demand, not utilization-focused. 


EVgo (EVGO)-4 Mar 25-2024 Q4 Earnings call transcript

EVgo (EVGO)-12 Nov 24-2024 Q3 Earnings call transcript

EVgo Inc - Ordinary Shares (EVGO)-1 Aug 24-2024 Q2 Earnings call transcript

EVgo Inc - Ordinary Shares (EVGO)-7 May 24-2024 Q1 Earnings call transcript

- **Revenue Growth Accelerates**: Q4 2023 revenue up 83% YoY to $50 million, with full-year revenue tripling to $161 million.
- **Profitability Milestone**: Installed base of owned and operated stalls now profitable on a standalone basis.
- **Operational Efficiency**: Gross margin expands to 26.5% in Q4 2023, with 2025 breakeven target on track.
- **Strategic Focus**: 800-900 new stalls in 2024, with 40% of CapEx offset by grants and OEM payments.
- **Rideshare Growth**: Rideshare drivers now account for 25% of network throughput, up from 11% in Q1 2021.

**【CEO Summary Section】**
- EVgo achieved record Q4 2023 revenue of $50 million, up 83% YoY, driven by DC fast charging growth. Full-year revenue reached $161 million, nearly tripling 2022 levels.
- Installed base of owned and operated stalls is now profitable on a standalone basis, with utilization rates exceeding 19% in December 2023.
- Strategic focus on owned and operated network: 800-900 new stalls expected in 2024, with 40% of CapEx offset by grants and OEM payments.
- Customer experience metrics: 'One and Done' rate improved to 91%, with 42% of stalls delivering >200 kWh/day in Q4 2023.
- Rideshare drivers now account for 25% of network throughput, up from 11% in Q1 2021.

**【CFO Financial Commentary】**
- Q4 2023 adjusted EBITDA loss of $14 million (vs. $20.1 million in Q4 2022), with full-year 2023 loss of $58.8 million (vs. $80.2 million in 2022).
- Gross margin expanded to 26.5% in Q4 2023 (vs. 18.3% in Q4 2022), driven by $34.8 million in CapEx net of $21.8 million in offsets.
- 2024 guidance: $220-270 million in revenue, with adjusted EBITDA of -$48 million to -$30 million.
- 2025 breakeven target supported by 100%+ CAGR in DCFC electricity consumption through 2030.

**【Q&A Highlights】**
- 30C credits: First monetization expected in 2024, with secondary market pricing to be determined.
- Capital offsets: 40% of 2024 stalls expected to receive 30C funding, with grants and OEM payments covering 40% of CapEx.
- Utilization trends: 55% of stalls >15% utilization in Q4 2023, up from 40% in Q1 2023.
- NEVI funding: Not material to build plan, but supporting partners like Pilot Flying J.
- Stall pipeline: 100,000+ potential sites identified, with 9,990 stalls meeting double-digit return threshold.

Actual	-0.082	0.09	-0.18	-0.21	0.06	-0.19	-0.06	-0.18	-0.08	-0.09	-0.12	-0.09	-0.1	-0.11	-0.11	-0.09	-0.1	-0.09	-0.04
Forecast	-0.07	-0.0786	-0.0878	-0.1184	-0.098	-0.1629	-0.1585	-0.1932	-0.2415	-0.1953	-0.1673	-0.1088	-0.1041	-0.1114	-0.0952	-0.0797	-0.0971	-0.0874	-0.11
Surprise	-17.14%	+214.50%	-105.01%	-77.36%	+161.22%	-16.64%	+62.15%	+6.83%	+66.87%	+53.92%	+28.27%	+17.28%	+3.94%	+1.26%	-15.55%	-12.92%	-2.99%	-2.97%	+63.64%

EVGO

EVGO fundamentals

EVGO Q4 2025 Earnings

Earnings Call

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EVGO

EVGO fundamentals

EVGO Q4 2025 Earnings

Earnings Call

EVGO Earnings Call Summary for Q4/20258:00 AM on Mar 3, 2026

EVGO Earnings Call Summary for Q3/20258:00 AM on Nov 10, 2025

EVGO Earnings Call Summary for Q2/20258:00 AM on Aug 5, 2025

EVGO Earnings Call Summary for Q1/20258:00 AM on May 6, 2025

EVGO Earnings Call Summary for Q4/20248:00 AM on Mar 4, 2025

You can ask Aime