EVgo Inc. (Nasdaq: EVGO) has announced its financial and operational results for the second quarter ended June 30, 2025. The company reported a revenue of $98.0 million, marking a significant performance for the quarter. However, the company also reported a net loss attributable to Class A common stockholders of $13.0 million. The company's gross profit for the quarter was $13.9 million, while the adjusted gross profit stood at $28.4 million. EVgo's Adjusted EBITDA was reported at negative $1.9 million. On the cash flow front, net cash provided by operating activities amounted to $14.1 million, with capital expenditures totaling $26.2 million. In terms of operational highlights, EVgo ended the second quarter with 4,350 stalls in operation, which is a 27% increase from the same period last year. The company added over 122,000 customer accounts in the quarter and achieved a network throughput of 88 gigawatt-hours. For the full year 2025, EVgo has updated its financial guidance, projecting total revenue to be in the range of $350 million to $380 million. The company also forecasts an Adjusted EBITDA between negative $5 million and $10 million. EVgo's CEO, Badar Khan, emphasized the company's strong operational performance and its focus on shareholder value creation, profitability improvement, and future growth investments. The company also highlighted a groundbreaking financing transaction aimed at accelerating stall growth and strengthening its position as an industry leader.
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