Overview
EVgo Q2 2025 revenue grows 47% yr/yr, beating analyst expectations
Company added over 240 new operational stalls in Q2, totaling 4,350 stalls
EVgo secures $225 mln facility to expand high-power charging infrastructure
Outlook
EVgo projects 2025 revenue between $350 mln and $380 mln
Company expects adjusted EBITDA of $(5) mln to $10 mln for 2025
EVgo plans to deploy over 1,500 new fast charging stalls
Company aims for adjusted EBITDA breakeven by year-end
Result Drivers
REVENUE GROWTH - Record revenue of $98 mln in Q2, up 47% yr/yr, driven by strong network performance
CHARGING NETWORK - Charging network revenue reached $51.8 mln, marking 14th consecutive qtr of double-digit growth
STALL EXPANSION - Added over 240 new operational stalls, totaling 4,350 by end of Q2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $98.03 mln | $85 mln (7 Analysts) |
Q2 EPS | -$0.1 | ||
Q2 Net Income | -$29.82 mln | ||
Q2 Adjusted EBITDA | -$1.93 mln | ||
Q2 Adjusted Gross Margin | 28.9% | ||
Q2 Adjusted Gross Profit | $28.36 mln | ||
Q2 Capex | $26.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for EVgo Inc is $7.00, about 49.6% above its August 4 closing price of $3.53
Press Release: ID:nGNX1zkSWH
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.