EVGO

MKT CAP:$706M

EVgo, Inc.

Market Cap

$706M

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Specialty Retail·🇺🇸·NASDAQ

Stock Price

$2.25-$0.83 (-27.11%)

Apr 17, 2026

Company Details

EVgo, Inc. owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and...

CEO

Badar Khan

IPO Date

Nov 20, 2020

Website

www.evgo.com

Key Metrics TTM

Revenue

$239M

+152.9% YoY

Net Income

-$45M

EPS (Diluted)

-$0.42

Free Cash Flow

-$108M

Revenue / Share

$2.25

Gross Margin

9.7%

Operating Margin

-57.4%

Net Margin

-18.6%

FCF Margin

-45.0%

P/S

2.9x

P/E

—

Earnings Reports

Q4 2024

May 5, 2026

PENDING

Q3 2024

Nov 12, 2024

$68MEPS -$0.11

Q2 2024

Aug 1, 2024

$67M+31.8%EPS -$0.10

Q1 2024

May 7, 2024

$55MEPS -$0.09

Q4 2023

Mar 6, 2024

$50M+83.1%EPS -$0.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$5M	-$2M	-$9M
Q1 20	$2M	-$3M	-$16M
Q3 20	$4M	-$3M	-$13M
Q2 21	$5M	-$2M	-$18M
Q4 21	$7M	-$2M	-$30M
Q1 22	$8M	-$600.0K	-$30M
Q2 22	$9M	-$744.0K	-$37M
Q4 22	$27M	-$1M	-$42M
Q2 23	$51M	$6M	-$34M
Q4 23	$50M	$4M	-$41M
Q1 24	$55M	$7M	-$32M
Q2 24	$67M	$6M	-$32M
Q3 24	$68M	$6M	-$32M

Valuation

Quarter	P/S	P/E
Q4 19	—	—
Q1 20	—	—
Q3 20	—	—
Q2 21	46.1x	—
Q4 21	39.6x	—
Q1 22	30.4x	—
Q2 22	24.6x	—
Q4 22	13.8x	—
Q2 23	7.5x	—
Q4 23	5.2x	—
Q1 24	3.9x	—
Q2 24	3.2x	—
Q3 24	2.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	-$4M	-$7M
Q1 20	-$11M	-$15M
Q3 20	-$5M	-$9M
Q2 21	-$9M	-$25M
Q4 21	-$12M	-$37M
Q1 22	-$20M	-$48M
Q2 22	-$19M	-$63M
Q4 22	-$1M	-$68M
Q2 23	-$3M	-$38M
Q4 23	-$7M	-$42M
Q1 24	-$14M	-$35M
Q2 24	$8M	-$17M
Q3 24	$12M	-$14M

Capital Expenditures

Quarter	CapEx
Q4 19	$2M
Q1 20	$4M
Q3 20	$4M
Q2 21	$16M
Q4 21	$25M
Q1 22	$28M
Q2 22	$44M
Q4 22	$66M
Q2 23	$35M
Q4 23	$35M
Q1 24	$21M
Q2 24	$24M
Q3 24	$26M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+53.8%	+171.1%
Q1 22	+231.0%	+104.5%
Q2 22	+154.1%	+178.1%
Q4 22	+470.8%	+212.4%
Q2 23	+610.1%	+125.7%
Q4 23	+549.3%	+141.4%
Q1 24	+507.7%	+89.7%
Q2 24	+144.0%	+41.9%
Q3 24	+33.6%	+18.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$86.5K	1.9%
Q1 20	$208.3K	9.0%
Q3 20	$243.0K	6.8%
Q2 21	$0	0.0%
Q4 21	$6M	79.4%
Q1 22	$4M	45.5%
Q2 22	$7M	77.6%
Q4 22	$8M	27.9%
Q2 23	$8M	16.8%
Q4 23	$9M	17.4%
Q1 24	$5M	8.5%
Q2 24	$5M	8.1%
Q3 24	$5M	8.0%

OpEx Breakdown

Quarter	G&A
Q4 19	$6M
Q1 20	$6M
Q3 20	$8M
Q2 21	$13M
Q4 21	$25M
Q1 22	$25M
Q2 22	$32M
Q4 22	$37M
Q2 23	$34M
Q4 23	$39M
Q1 24	$34M
Q2 24	$34M
Q3 24	$33M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$441M	$0	$441M
Q2 22	$345M	$28M	$372M
Q3 22	$301M	$0	$301M
Q4 22	$246M	$0	$246M
Q1 23	$164M	$0	$164M
Q2 23	$257M	$0	$257M
Q3 23	$229M	$0	$229M
Q4 23	$209M	$0	$209M
Q1 24	$176M	$0	$176M
Q2 24	$163M	$0	$163M
Q3 24	$153M	$0	$153M
Q4 24	$117M	$0	$117M
Q1 25	$150M	$0	$150M
Q2 25	$177M	$0	$177M
Q3 25	$181M	$0	$181M
Q4 25	$151M	$0	$151M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	69M	—	—
Q1 20	69M	0.0%	—
Q3 20	69M	0.0%	—
Q2 21	69M	0.0%	—
Q4 21	68M	-1.1%	-1.1%
Q1 22	68M	+0.0%	-1.0%
Q2 22	69M	+1.9%	+0.9%
Q4 22	70M	+1.3%	+2.2%
Q2 23	85M	+21.5%	+25.4%
Q4 23	103M	+20.6%	+51.2%
Q1 24	105M	+1.8%	+51.0%
Q2 24	106M	+0.9%	+50.3%
Q3 24	106M	+0.6%	+24.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	—	—
Q1 20	—	—
Q3 20	—	—
Q2 21	$1M	4
Q4 21	$31.6K	225
Q1 22	$34.2K	225
Q2 22	$40.3K	225
Q4 22	$92.6K	295
Q2 23	$171.4K	295
Q4 23	$171.2K	292
Q1 24	$188.9K	292
Q2 24	$228.1K	292
Q3 24	$231.3K	292

Revenue / Employee