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Jun 30, 2025
EVgo Q2 2025 Earnings Report
EVgo reported record second quarter 2025 results, driven by strong operational performance and improved efficiencies.
Key Takeaways
EVgo delivered a record second quarter in 2025, with total revenue reaching $98.0 million, a 47% increase year-over-year. The company also secured a significant commercial bank loan facility to accelerate infrastructure buildout and added over 240 new operational stalls, ending the quarter with 4,350 stalls in operation. Net loss attributable to Class A common stockholders was $13.0 million.
Record revenue of $98.0 million in Q2 2025, up 47% year-over-year.
Charging network revenue reached a record $51.8 million, marking the 14th consecutive quarter of double-digit year-over-year growth.
Secured a $225 million oversubscribed 5-year commercial bank loan facility to accelerate nationwide infrastructure deployment.
Added over 240 new operational stalls during the quarter, bringing the total to 4,350 stalls in operation.
Revenue by Segment
Forward Guidance
EVgo is updating its 2025 financial guidance, projecting total revenue between $350 million and $380 million and Adjusted EBITDA between $(5) million and $10 million. The company remains focused on improving profitability and investing in future growth.
Positive Outlook
- Total revenue guidance of $350 million to $380 million for 2025.
- Adjusted EBITDA guidance of $(5) million to $10 million for 2025, indicating a path towards profitability.
- Proceeds from the new commercial loan facility will accelerate the deployment of over 1,500 new fast charging stalls.
- Continued focus on shareholder value creation and improving profitability.
- Goal of achieving Adjusted EBITDA breakeven for the full year.
Challenges Ahead
- Adjusted EBITDA guidance still includes a potential loss of up to $5 million.
- Reconciliation of projected Adjusted EBITDA to net income (loss) is not provided due to calculation difficulties.
- Dependence on widespread adoption of EVs and growth of the EV and EV charging markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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