EVgo beats Q4 revenue estimates on robust charging network expansion
Overview
EV charging provider's Q4 revenue rose 75% yr/yr, beating analyst expectations
Company achieved positive adjusted EBITDA for Q4 and full year 2025
Added over 500 new operational stalls in Q4, total stalls up 25% yr/yr
Outlook
EVgo expects 2026 revenue between $410 mln and $470 mln
Company projects 2026 adjusted EBITDA between $(20) mln and $20 mln
EVgo focuses on accelerating deployment and enhancing customer experience in 2026
Result Drivers
CHARGING NETWORK REVENUE - Record Q4 charging network revenue of $64 mln, up 37% yr/yr, marking 16th consecutive qtr of double-digit growth
STALL EXPANSION - Added over 500 new operational stalls in Q4, increasing total stalls by 25% yr/yr
NETWORK THROUGHPUT - Q4 network throughput rose 18% yr/yr to 99 GWh, reflecting increased usage
Company press release: ID:nGNX2HzpZf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $118.47 mln | $100.59 mln (10 Analysts) |
Q4 Net Income |
| -$11.03 mln |
|
Q4 Adjusted EBITDA |
| $24.86 mln |
|
Q4 Adjusted Gross Margin |
| 50.9% |
|
Q4 Adjusted Gross Profit |
| $60.34 mln |
|
Q4 Capex |
| $49.36 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for EVgo Inc is $6.00, about 112% above its March 2 closing price of $2.83
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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