EVgo surges to profitability by putting chargers 'where people are,' CEO says [Yahoo! Finance Canada]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance Canada
The company posted adjusted EBITDA of $12 million in 2025, the first yearly profit for the company, with the fourth quarter representing $24 million of that. Revenue jumped 75% in Q4 to $118.4 million, with gross margin surging 2350 basis points to 38%. Network throughput (total energy deployed) increased, as did charger utilization. Yet, in the US at least, EV sales in the fourth quarter shrank after the federal government withdrew the EV tax credit. EVgo CEO Badar Khan says that's only one part of the story. "We are putting in charging stations where people are, where people are running errands. They're going grocery shopping, they go to work. That's where we put our charging stations, and so as a result, people are using our machines," Khan said in an interview with Yahoo Finance. "It's a six-fold increase [in utilization] on a personal basis." EVgo, Inc. (EVGO) Utilization is key to profitability, Khan said. EVgo is one of the three biggest charging companies in the i
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EVGO
News
- EVgo (EVGO) Achieves $118M Q4 Revenue and $12M Full-Year Adjusted EBITDA [Yahoo! Finance]Yahoo! Finance
- EVgo Q4 Loss Narrower Than Expected, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- EVgo (EVGO) had its price target lowered by Royal Bank Of Canada from $7.00 to $4.50. They now have an "outperform" rating on the stock.MarketBeat
- EVgo (EVGO) had its price target lowered by Stifel Nicolaus from $7.50 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- EVgo (EVGO) had its price target lowered by Cantor Fitzgerald from $7.00 to $6.00. They now have an "overweight" rating on the stock.MarketBeat
EVGO
Earnings
- 3/3/26 - Beat
EVGO
Sec Filings
- 3/3/26 - Form 8-K
- 2/4/26 - Form 4
- 2/3/26 - Form 4
- EVGO's page on the SEC website