EVgo Reports Record Q4 & Full-Year 2025 Results, Achieves Positive Adjusted EBITDA, and Issues Strong 2026 Guidance

summarizeSummary

EVgo reported record Q4 and full-year 2025 revenues, achieved positive Adjusted EBITDA for both periods, and provided optimistic 2026 guidance, demonstrating strong operational performance and network expansion.

check_boxKey Events

• Record Revenue Growth

  Total revenue for Q4 2025 increased 75% year-over-year to $118 million, with full-year 2025 revenue up 50% to $384 million.

• Achieved Positive Adjusted EBITDA

  The company reported positive Adjusted EBITDA of $24.9 million for Q4 2025 and $12.0 million for the full year 2025, a significant operational milestone, though aided by a non-recurring payment.

• Strong 2026 Guidance Issued

  EVgo initiated 2026 guidance projecting total revenue of $410-$470 million and Adjusted EBITDA of $(20)-$20 million.

• Significant Network Expansion

  EVgo expanded its charging network by adding over 1,200 operational stalls in 2025, ending the year with 5,100 stalls in operation.

auto_awesomeAnalysis

EVgo Inc. reported strong financial results for the fourth quarter and full-year 2025, marked by significant revenue growth and a pivotal achievement of positive Adjusted EBITDA. Total revenue for Q4 2025 surged 75% year-over-year to $118 million, contributing to a full-year revenue of $384 million, a 50% increase from 2024. The company reached a key operational milestone by achieving positive Adjusted EBITDA of $24.9 million for Q4 2025 and $12.0 million for the full year 2025. It is important to note that these figures include a non-recurring ancillary contract closeout payment of $25.9 million in Q4 and $24.1 million for the full year. EVgo also significantly expanded its charging network, adding over 1,200 operational stalls in 2025 to reach a total of 5,100 stalls. Looking ahead, the company initiated 2026 guidance projecting total revenue between $410 million and $470 million and Adjusted EBITDA between $(20) million and $20 million, signaling continued growth and a potential path to sustained profitability.