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 ( EVGO ) secures $225 mln facility to expand high-power charging infrastructure

Outlook

* EVgo ( EVGO ) projects 2025 revenue between $350 mln and $380 mln

* Company expects adjusted EBITDA of $(5) mln to $10 mln for 2025

* EVgo ( 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $98.03 $85 mln

Revenue mln (7

Analysts

)

Q2 EPS -$0.1

Q2 Net -$29.82

Income mln

Q2 -$1.93

Adjusted mln

EBITDA

Q2 28.9%

Adjusted

Gross

Margin

Q2 $28.36

Adjusted mln

Gross

Profit

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 ( EVGO ) is $7.00, about 49.6% above its August 4 closing price of $3.53

Press Release:

(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.)