EVgo Inc. EVGO
We are one of the nation's leading public EV fast charging providers. With more than 1,200 fast charging stations across 47 states, we strategically deploy localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators and autonomous vehicle companies.
The foundation of our business is building, owning and operating EV fast charging sites that deliver charging to EVs driven by individuals, commercial drivers and fleet operators. We prioritize the build out of high-power chargers, a key market segment that is expected to grow faster than the overall EV charging market. See "— Suppliers and Service Providers — Electricity." To take advantage of the expected growth in the number of EVs on the road in the U.S., we continue to expand our nationwide network of charging stations, focusing on development of locations with favorable traffic, utilization and financial return characteristics. Our proprietary technology and analytical tools, along with our extensive commercial partnerships with OEMs, fleets and Site Host businesses, provide a strong competitive edge as we select, design and develop new charging stations. Furthermore, our robust underwriting standards require our portfolio to meet or exceed a pre-defined internal rate of return before project approval.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $384.1M | $256.8M | $161.0M | $54.6M | $21.7M | $11.8M | — |
| Cost of revenue | $303.3M | $227.5M | $151.2M | $60.2M | $29.0M | $22.6M | — |
| Gross profit | $80.8M | $29.4M | $9.7M | -$5.7M | -$6.8M | -$9.6M | — |
| R&D | $12.2M | $11.6M | $5.7M | $4.8M | $2.0M | $1.2M | — |
| SG&A | $176.9M | $141.1M | $143.0M | $126.7M | $71.1M | $34.1M | — |
| Total operating expenses | $191.4M | $160.9M | $163.1M | $143.9M | $83.0M | $48.8M | — |
| Operating income | -$110.7M | -$131.6M | -$153.4M | -$149.5M | -$89.8M | -$58.4M | — |
| Interest expense | $6.1M | $73.0K | — | $21.0K | — | — | — |
| Pre-tax income | -$100.6M | -$129.0M | -$135.4M | -$106.2M | -$57.8M | — | — |
| Income tax | $5.1M | $2.3M | $42.0K | $18.0K | — | — | — |
| Net income | -$41.6M | -$44.3M | -$42.4M | -$27.6M | -$5.9M | -$47.8M | — |
| EPS, basic | -0.31 | -0.41 | -0.46 | -0.40 | -0.09 | — | — |
| EPS, diluted | -0.31 | -0.41 | -0.46 | -0.40 | -0.09 | — | — |
| Shares, diluted (wtd. avg.) | 133.5M | 106.7M | 90.6M | 69.4M | 68.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $151.0M | $117.3M | $208.7M | $245.7M | $485.2M | $7.9M | $257.0K |
| Receivables | $38.6M | $45.8M | $34.9M | $11.1M | $2.6M | $2.2M | — |
| Total current assets | $296.5M | $205.4M | $267.4M | $275.5M | $506.3M | $20.0M | — |
| Property, plant and equipment | $460.7M | $415.0M | $389.2M | $308.1M | $133.3M | $71.3M | — |
| Goodwill | $31.1M | $31.1M | $31.1M | $31.1M | $31.1M | $22.1M | — |
| Other intangibles | $32.4M | $38.8M | $49.0M | $60.6M | $72.2M | $68.0M | — |
| Total assets | $964.8M | $803.8M | $806.6M | $729.7M | $746.3M | $182.1M | — |
| Accounts payable | $7.6M | $13.0M | $10.1M | $9.1M | $2.9M | $3.0M | — |
| Short-term debt | $2.1M | $0 | — | — | — | — | — |
| Total current liabilities | $135.3M | $111.4M | $89.3M | $87.3M | $46.9M | $63.6M | — |
| Long-term debt | $204.3M | $0 | — | — | — | — | — |
| Total liabilities | $578.9M | $360.0M | $266.2M | $212.6M | $158.4M | $92.7M | — |
| Retained earnings | -$124.7M | -$256.1M | -$248.5M | -$375.7M | -$1.36B | -$47.8M | — |
| Total equity | -$116.9M | -$256.1M | -$160.6M | -$358.1M | -$1.36B | $89.5M | $14.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.7M | -$7.3M | -$37.1M | -$58.8M | -$29.6M | -$20.1M | — |
| Depreciation and amortisation | $74.0M | $65.8M | $52.0M | $35.9M | $23.9M | $18.7M | — |
| Stock-based compensation | $27.1M | $22.0M | $29.7M | $25.0M | $10.9M | $929.0K | — |
| Capital expenditure | $116.7M | $94.8M | $158.9M | $200.3M | $65.0M | $19.3M | — |
| Investing cash flow | -$116.7M | -$94.5M | -$143.3M | -$199.7M | -$87.8M | -$19.3M | — |
| Financing cash flow | $214.6M | $13.1M | $143.0M | $19.8M | $594.6M | $47.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-024827.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $11.8M | $21.7M | $54.6M | $161.0M | $256.8M | $384.1M |
| Gross profit | — | -$9.6M | -$6.8M | -$5.7M | $9.7M | $29.4M | $80.8M |
| Net income | — | -$47.8M | -$5.9M | -$27.6M | -$42.4M | -$44.3M | -$41.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7500
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DRVN | Driven Brands Holdings Inc. | $1.94B | 13.8x | 6.3% |
| MNRO | MONRO, INC. | $397.2M | 441.0x | -3.2% |
| SDA | SunCar Technology Group Inc. | — | — | 21.5% |
| AZI | Autozi Internet Technology (Global) Ltd. | — | — | -1.6% |
| YSXT | YSX Tech Co., Ltd | — | — | 16.8% |
| BGSI | Boyd Group Services Inc. | — | — | 2.4% |