EVgo Inc. (NASDAQ: EVGO) shares surged 8.77% in pre-market trading on Monday following the release of its third-quarter 2025 financial results, which exceeded analyst expectations and demonstrated strong growth in key areas.

The electric vehicle charging network operator reported Q3 revenue of $92.3 million, surpassing the analyst consensus estimate of $91.2 million. This represents a significant 37% year-over-year increase, driven by record charging network revenue of $55.8 million, up 33% from the same period last year. EVgo's network throughput reached a record 95 gigawatt-hours in Q3, marking a 25% increase year-over-year.

Investors appear particularly encouraged by EVgo's expansion efforts and operational improvements. The company added over 280 new DC fast charging stalls during the quarter, bringing its total to 4,590 stalls in operation - a 25% increase from the previous year. Moreover, EVgo's outlook for 2025 is optimistic, with projected total revenue between $350 million and $405 million. CEO Badar Khan expressed confidence in the company's trajectory, stating, "We anticipate an inflection point toward positive Adjusted EBITDA supported by a fully financed growth plan."