EVgo Inc's stock plummeted 5.73% in the pre-market trading session on Tuesday after the electric vehicle charging network company reported disappointing fourth-quarter results that missed analyst estimates.
The company reported a net loss of $35.6 million, or $0.11 per share, for the quarter ended December 31, 2025. This was wider than analysts' expectations of a loss of $0.09 per share. Revenue for the quarter came in at $67.51 million, also falling short of the consensus estimate of $69.09 million.
Despite the top and bottom-line misses, EVgo highlighted some positive metrics, including a 33.7% adjusted gross margin and an adjusted EBITDA loss of $8.4 million. The company also reported capital expenditures of $23.7 million for the quarter.
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