The strong revenue beat and maintained guidance provide near-term support, but the widening net loss and tripling cash burn are concerning. Watch Q2 2026 revenue guidance of $75-85M — a sequential decline from Q1 suggests lumpy non-charging revenue. Monitor DOE loan drawdown pace and stall deployment trajectory for growth signals.
Price Chart
Executive Summary
EVgo reported Q1 2026 revenue of $109.5M (+45% YoY), beating consensus estimates of $88.1M, and EPS of -$0.04, a 66.7% beat vs the -$0.12 consensus. The company affirmed full-year 2026 revenue guidance of $410-470M and initiated Q2 2026 revenue guidance of $75-85M, but net loss widened 41% YoY to -$37.0M and operating cash flow burned -$35.4M, more than tripling YoY. The strong revenue beat and maintained guidance are positive, but widening losses and cash burn temper the outlook.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $109.5M (+45% YoY) vs consensus $88.1M — 24.3% beat
- Q1 2026 EPS -$0.04 vs consensus -$0.12 — 66.7% beat
- Full-year 2026 revenue guidance affirmed at $410-470M
- Q2 2026 revenue guidance initiated at $75-85M (below Q1 run rate)
- Net loss widened 41% YoY to -$37.0M
- Operating cash flow -$35.4M vs -$10.2M in Q1 2025 (245% worse)
- Charging network revenue $55.7M (+18% YoY); non-charging revenue $53.8M (+91% YoY)
- Stalls in operation grew 25% YoY to 5,280; network throughput +10% YoY to 91 GWh
- DOE loan amended to $750M in April 2026
Financial Impact
Revenue beat consensus by ~$21.4M (24.3%); EPS beat by $0.08 (66.7%); net loss widened by $10.8M YoY
Risk Factors
- Net loss and cash burn accelerating — operating cash flow -$35.4M vs -$10.2M YoY
- Q2 2026 revenue guidance of $75-85M implies significant sequential decline from Q1's $109.5M
- Adjusted gross margin compressed 660 bps YoY to 27.1%
- Capital expenditures net of offsets surged 209% YoY to $25.2M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287512 |
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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