The stock may react positively to the strong top-line growth and EBITDA inflection, but traders should monitor whether 2026 execution can maintain margins without one-time benefits. Watch for capital efficiency on new stall deployments and utilization rates.
Price Chart
Executive Summary
EVgo reported strong Q4 and full-year 2025 results with total revenue up 75% YoY to $118.5 million and charging network revenue reaching a record $64 million. The company achieved positive Adjusted EBITDA for both the quarter and full year, a key milestone, and added over 1,200 new charging stalls. However, 2026 guidance projects Adjusted EBITDA between -$20M and $20M, indicating ongoing margin pressure despite growth.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $118.5 million, up 75% YoY
- Full-year 2025 revenue: $384.1 million, up 50% YoY
- Charging network revenue: $64 million in Q4, up 37% YoY
- Adjusted EBITDA: $24.9 million in Q4 (vs. -$8.4 million YoY), $12.0 million for full year 2025 (vs. -$32.5 million)
- Added over 1,200 new charging stalls in 2025; ended year with 5,100 stalls, up 25% YoY
- 2026 guidance: $410M–$470M revenue, Adjusted EBITDA of -$20M to $20M
- Ancillary contract closeout contributed $25.9M to Q4 revenue and $24.1M to Adjusted EBITDA
Financial Impact
Revenue grew 75% YoY in Q4 to $118.5M with Adjusted EBITDA turning positive at $24.9M. However, 2026 guidance implies margin compression as revenue scales, with Adjusted EBITDA expected to flatline. A non-recurring $25.9M ancillary payment inflated Q4 results.
Risk Factors
- 2026 Adjusted EBITDA guidance range includes potential losses, signaling continued profitability challenges
- Q4 results inflated by $25.9M non-recurring ancillary payment
- High capital expenditures ($116.7M in 2025) may pressure cash flow despite OEM and tax credit offsets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3248190 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $1.53 $1.25 | ▲ +18.30% | ▲ +17.70% | $1.38 (+9.80%) |
Aug 5, 2026 8w ago | Press Release | $1.53 $1.25 | ▲ +18.30% | ▲ +17.70% | $1.38 (+9.80%) |
May 5, 2026 21w ago | Press Release | $2.10 $2.38 | ▲ +13.33% | ▲ +8.38% | $1.38 (−34.29%) |
Apr 28, 2026 22w ago | Press Release | $2.10 $2.16 | ▲ +2.86% | ▼ −3.19% | $1.38 (−34.29%) |
Mar 3, 2026 30w ago | Press Release | $2.68 $1.72 | ▼ −35.82% | ▼ −31.42% | $1.38 (−48.51%) |
US Market Status
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