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

Reuters
08/05
Fast charging provider EVgo's <a href="https://laohu8.com/S/QTWO">Q2</a> 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

(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.)

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