Fast charging provider EVgo's Q2 revenue up 47%, beats estimates
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
