NASDAQ$EVGO
EVgo Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
EVgo reported Q4 2025 revenue of $118M with adjusted EBITDA of $24.9M and a narrower GAAP net loss of $11.0M.
Fourth-quarter total revenue grew 75% to $118 million, including a $25.9 million ancillary contract closeout; charging network revenue was a record $64 million (+37%). GAAP net loss improved to $11.0 million from $35.6 million. Adjusted EBITDA was $24.9 million versus a loss a year ago. The network ended with 5,100 stalls (+25% YoY) and 366 GWh annual throughput (+32%). FY26 revenue is guided to $410–$470 million with adjusted EBITDA of $(20)M to $20M.
- Q4 revenue $118M (+75%); charging revenue $64M (+37%).
- Positive adjusted EBITDA in Q4 and full year 2025.
- Added 500+ stalls in Q4; 5,100 stalls in operation.
- Network throughput 99 GWh in Q4 (+18%).
- FY26 revenue guide $410–$470M.
Headline financials
Revenue & EPS history
EVgo · Revenue · Quarterly
$118M
Revenue by segment
EVgo · $25.3M total across 7 segments · Q1 2023
- eXtend$10.3M—40.7%
- Charging Retail$6.62M—26.1%
- Network OEM$2.7M—10.7%
- Ancillary$2.21M—8.7%
- Charging Commercial$1.72M—6.8%
- Regulatory Credit Sales$1.22M—4.8%
- Charging OEM$552K—2.2%
Forward guidance
FY26 revenue $410–$470M and adjusted EBITDA $(20)M to $20M as EVgo accelerates deployment, NACS rollout, and next-gen architecture.
Tailwinds
- Record charging revenue growth streak.
- Adjusted EBITDA milestone achieved.
- Kroger and partnership expansion in 2026.
Headwinds
- GAAP still loss-making; closeout payment boosted Q4 revenue.
- Capital-intensive stall build-out.
- Wide EBITDA guidance range reflects execution risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+7.0%
Avg return
Earnings day
+2.5%
Avg return
5 days after
-0.1%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+35.5%
Q4 2022
Best reaction
-12.1%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.3% | -8.4% | +16.3% | |
| Q4 2025 | -5.3% | -21.9% | -39.6% | |
| Q3 2025 | +0.6% | -14.0% | +0.9% | |
| Q1 2025 | +32.5% | +32.1% | +37.2% | |
| Q4 2024 | +1.6% | +5.7% | +4.5% | |
| Q3 2024 | -3.7% | -6.3% | +15.2% | |
| Q2 2024 | -1.8% | -4.9% | +18.0% | |
| Q1 2024 | -12.1% | -6.5% | +7.0% | |
| Q4 2023 | +0.0% | -1.4% | -23.0% | |
| Q3 2023 | +16.5% | +20.0% | +32.2% | |
| Q2 2023 | +18.3% | +10.1% | -6.7% | |
| Q1 2023 | -7.3% | -11.2% | -32.5% | |
| Q4 2022 | +35.5% | +24.6% | +4.2% | |
| Q3 2022 | -3.1% | -3.9% | -17.1% | |
| Q2 2022 | +9.2% | +20.6% | -5.9% | |
| Q1 2022 | +11.7% | +11.6% | +13.9% | |
| Q4 2021 | +14.5% | +5.4% | -12.6% | |
| Q3 2021 | +29.9% | +9.4% | -16.8% | |
| Q2 2021 | +2.8% | -10.6% | -21.0% | |
| Q1 2021 | +2.1% | -1.0% | +24.7% |
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