EVgo Inc. (EVGO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EVGO SEC filings page.
EVgo Inc. (EVGO) reported $402.9M in revenue over the twelve months to Jun 30, 2026, up 30.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
EVgo is scaling revenue and improving margins, but infrastructure investment still leaves the business cash-flow negative.
In FY2025, operating cash flow was nearly neutral at-$7.7M while free cash flow was-$124.4M , revealing that the main cash drain sits beyond day-to-day operations. Capital expenditures of$116.7M explain most of that gap: reported operating economics are approaching cash neutrality, but the asset build remains cash-intensive.
Revenue reached
Liabilities exceeded assets—
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of EVgo Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
EVgo Inc. has an operating margin of -28.8%, meaning the company loses $29 on every $100 of revenue. This results in a profitability score of 16/100. This is up from -51.2% the prior year.
EVgo Inc.'s revenue surged 49.6% year-over-year to $384.1M, reflecting rapid business expansion. This strong growth earns a score of 95/100.
Not available for EVgo Inc., and counted as zero in the overall score.
EVgo Inc.'s current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
EVgo Inc.'s operations used $7.7M of cash, and capex of $116.7M added to the outflow, for a free cash flow shortfall of $124.4M. This results in a cash flow score of 5/100.
EVgo Inc. scores 0.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($399.4M) relative to total liabilities ($1.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
EVgo Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
EVgo Inc. reported a net loss of $41.6M while operations used $7.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
EVgo Inc. reported an operating loss of $110.7M against $9.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
EVgo Inc. generated $82.6M in revenue in Q2 2026. This represents a decrease of 15.7% from the same quarter a year earlier. Against the prior quarter it is down 24.5%.
EVgo Inc.'s EBITDA was -$18.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 47.2% from the same quarter a year earlier. Against the prior quarter it is down 10.3%.
EVgo Inc. reported -$20.8M in net income in Q2 2026. This represents a decrease of 59.8% from the same quarter a year earlier. Against the prior quarter it is down 26.5%.
EVgo Inc. earned -$0.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 50.0% from the same quarter a year earlier. Against the prior quarter it is down 25.0%.
Cash & Balance Sheet
EVgo Inc. recorded an outflow of $40.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 232.8% from the same quarter a year earlier. Against the prior quarter it is up 38.9%.
EVgo Inc. held $121.8M in cash against $293.7M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
EVgo Inc.'s gross margin was 8.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.
EVgo Inc.'s operating margin was -48.6% in Q2 2026, reflecting core business profitability. This is down 17.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.4 percentage points.
EVgo Inc.'s net profit margin was -25.1% in Q2 2026, showing the share of revenue converted to profit. This is down 11.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
EVgo Inc. invested $33.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 29.1% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
EVGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.6M-15.7% | $109.5M+45.5% | $118.5M+75.5% | $92.3M+36.7% | $98.0M+47.2% | $75.3M+36.5% | $67.5M+35.0% | $67.5M+92.4% |
| Cost of Revenue | $75.3M-10.5% | $96.6M+46.4% | $73.5M+27.2% | $79.7M+30.4% | $84.1M+39.7% | $66.0M+36.5% | $57.8M+24.3% | $61.2M+77.3% |
| Gross Profit | $7.3M-47.2% | $13.0M+39.0% | $45.0M+360.9% | $12.6M+97.2% | $13.9M+117.4% | $9.3M+36.3% | $9.8M+175.7% | $6.4M+954.3% |
| SG&A Expenses | $44.4M+9.3% | $46.0M+19.1% | $54.2M+35.7% | $43.4M+31.1% | $40.6M+20.0% | $38.6M+12.9% | $40.0M+3.0% | $33.1M+3.5% |
| Operating Income | -$40.1M-30.3% | -$36.3M-8.8% | -$12.4M+64.7% | -$34.1M-7.2% | -$30.8M+4.9% | -$33.4M-3.2% | -$35.0M+14.2% | -$31.8M+12.6% |
| EBITDA | -$18.2M-47.2% | -$16.5M-23.4% | $6.0M+134.5% | -$16.9M-11.3% | -$12.3M+24.2% | -$13.3M+21.6% | -$17.3M+32.7% | -$15.2M+33.3% |
| Interest Expense | $9.2M+442.1% | $4.0M+196.8% | $4.8M+6497.3% | $1.9M | $1.7M | $1.3M | $73K | $0 |
| Income Tax | -$250K-8433.3% | $12K-86.8% | -$5K+99.8% | -$5.2M-20972.0% | $3K-94.7% | $91K+600.0% | -$2.4M | $25K |
| Net Income | -$20.8M-59.8% | -$16.4M-44.5% | -$4.8M+61.1% | -$12.4M-5.8% | -$13.0M-25.3% | -$11.4M-15.5% | -$12.4M+1.5% | -$11.7M-20.5% |
| EPS (Basic) | -$0.15-50.0% | -$0.12-33.3% | -$0.04+63.6% | -$0.09+18.2% | -$0.100.0% | -$0.090.0% | -$0.11+8.3% | -$0.11-22.2% |
| EPS (Diluted) | -$0.15-50.0% | -$0.12-33.3% | -$0.04+63.6% | -$0.09+18.2% | -$0.100.0% | -$0.090.0% | -$0.11+8.3% | -$0.11-22.2% |
| Diluted Shares (Avg) | 140M+5.2% | 138M+4.7% | N/A | N/A | 133M+26.4% | 132M+25.9% | N/A | 106M+3.4% |
Not reported in any period shown, so not listed: R&D Expenses.
EVGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $966.9M+11.8% | $920.3M+7.5% | $964.8M+20.0% | $931.8M+17.7% | $864.7M+10.1% | $856.0M+8.7% | $803.8M-0.4% | $791.7M-3.1% |
| Current Assets | $272.8M+8.1% | $239.2M-4.8% | $296.5M+44.4% | $284.7M+27.2% | $252.4M+11.9% | $251.3M+5.1% | $205.4M-23.2% | $223.9M-19.6% |
| Cash & Equivalents | $121.8M-21.1% | $122.4M-18.4% | $151.0M+28.8% | $181.3M+27.8% | $154.5M-4.8% | $150.0M-14.3% | $117.3M-43.8% | $141.9M-37.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% | $31.1M0.0% |
| Total Liabilities | $987.4M-9.8% | $881.6M-1.2% | $1.1B+2.1% | $1.4B+19.7% | $1.1B+41.9% | $892.8M+17.2% | $1.1B+9.6% | $1.1B+24.8% |
| Current Liabilities | $124.7M+5.5% | $115.7M+4.3% | $135.3M+21.5% | $133.4M+30.5% | $118.2M+31.1% | $110.9M+35.9% | $111.4M+24.7% | $102.3M+10.8% |
| Non-Current Liabilities | $862.7M-11.7% | $765.9M-2.0% | $946.4M-0.2% | $1.2B+18.6% | $976.6M+43.3% | $781.9M+14.9% | $948.5M+8.0% | $1.0B+26.4% |
| Long-Term Debt | $293.7M+204.2% | $208.7M+173.5% | $204.3M | $156.1M | $96.5M | $76.3M | $0 | N/A |
| Total Equity | -$20.4M+91.1% | $38.7M+205.3% | -$116.9M+54.4% | -$428.1M-24.2% | -$230.1M-1792.8% | -$36.8M-243.2% | -$256.1M-59.5% | -$344.8M-269.3% |
| Retained Earnings | -$20.4M+91.1% | $27.3M+164.7% | -$124.7M+51.3% | -$428.1M-24.2% | -$230.2M-197.0% | -$42.2M+37.2% | -$256.1M-3.1% | -$344.9M-46.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
EVGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.5M-146.0% | -$35.4M-245.2% | $11.3M+187.7% | -$22.8M-288.6% | $14.1M+86.5% | -$10.2M+27.2% | -$12.8M-76.4% | $12.1M+266.8% |
| Depreciation & Amortization | $22.0M+19.0% | $19.9M-0.9% | $18.3M+3.2% | $17.2M+3.5% | $18.5M+14.6% | $20.1M+30.7% | $17.8M+17.0% | $16.6M+22.0% |
| Stock-Based Compensation | $3.3M-53.1% | $4.2M-22.7% | N/A | $7.0M+31.0% | $7.0M+30.2% | $5.5M+16.9% | N/A | $5.4M-12.0% |
| Capital Expenditures | $33.8M+29.1% | $30.6M+103.9% | $49.4M+108.4% | $26.2M+1.2% | $26.2M+8.3% | $15.0M-28.9% | $23.7M-32.0% | $25.8M+7.5% |
| Free Cash Flow | -$40.3M-232.8% | -$65.9M-161.3% | -$38.1M-4.4% | -$49.0M-256.6% | -$12.1M+27.2% | -$25.2M+28.2% | -$36.5M+13.2% | -$13.7M+56.1% |
| Investing Cash Flow | -$33.8M-28.9% | -$30.6M-104.2% | -$49.4M-109.1% | -$26.2M-1.5% | -$26.2M-8.7% | -$15.0M+28.8% | -$23.6M-21.2% | -$25.8M-7.6% |
| Financing Cash Flow | $87.9M+253.0% | $5.2M-93.1% | $47.7M+1248.0% | $66.7M+1444.1% | $24.9M+564.8% | $75.3M+4969.6% | $3.5M-50.7% | $4.3M+74.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
EVGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.9%-5.3pp | 11.8%-0.5pp | 38.0%+23.5pp | 13.6%+4.2pp | 14.2%+4.6pp | 12.4%0.0pp | 14.5%+7.4pp | 9.4%+7.7pp |
| Operating Margin | -48.6%-17.1pp | -33.2%+11.2pp | -10.4%+41.4pp | -36.9%+10.1pp | -31.4%+17.2pp | -44.4%+14.3pp | -51.9%+29.8pp | -47.1% |
| Net Margin | -25.1%-11.9pp | -15.0%+0.1pp | -4.1%+14.3pp | -13.4%+3.9pp | -13.3%+2.3pp | -15.1%+2.7pp | -18.4%+6.8pp | -17.3%+10.3pp |
| Return on Equity | N/A | -42.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2.1%-0.6pp | -1.8%-0.5pp | -0.5%+1.0pp | -1.3%+0.2pp | -1.5%-0.2pp | -1.3%-0.1pp | -1.5%0.0pp | -1.5%-0.3pp |
| Current Ratio | 2.19+0.1x | 2.07-0.2x | 2.19+0.3x | 2.13-0.1x | 2.14-0.4x | 2.27-0.7x | 1.84-1.1x | 2.19-0.8x |
| Debt-to-Equity | N/A | 5.39 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.090.0x | 0.120.0x | 0.120.0x | 0.100.0x | 0.110.0x | 0.090.0x | 0.080.0x | 0.090.0x |
| FCF Margin | -48.8%-36.4pp | -60.2%-26.7pp | -32.2%+21.9pp | -53.1%-32.7pp | -12.3%+12.6pp | -33.5%+30.2pp | -54.1%+30.1pp | -20.3%+68.8pp |
Note: Shareholder equity is negative (-$116.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| EVgo Inc. EVGO | FY2025 | $384.1M | -$41.6M | -10.8% | $399.4M | 35/100 |
| ARKO Corp. ARKO | FY2025 | $7.6B | $22.7M | 0.3% | $474.5M | 36/100 |
| Build-A-Bear Workshop, Inc. BBW | FY2025 | $529.8M | $52.2M | 9.8% | $315.0M | 32/100 |
| Arhaus, Inc. ARHS | FY2025 | $1.4B | $67.3M | 4.9% | $1.4B | 47/100 |
| National Vision Holdings, Inc. EYE | FY2025 | $2.0B | $29.6M | 1.5% | $1.3B | 36/100 |
Where EVgo Inc. Ranks
Frequently Asked Questions
What is EVgo Inc.'s annual revenue?
EVgo Inc. (EVGO) reported $384.1M in total revenue for fiscal year 2025. This represents a 49.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is EVgo Inc.'s revenue growing?
EVgo Inc. (EVGO) revenue grew by 49.6% year-over-year, from $256.8M to $384.1M in fiscal year 2025.
Is EVgo Inc. profitable?
No, EVgo Inc. (EVGO) reported a net income of -$41.6M in fiscal year 2025, with a net profit margin of -10.8%.
What is EVgo Inc.'s EBITDA?
EVgo Inc. (EVGO) had EBITDA of -$36.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does EVgo Inc. have?
As of fiscal year 2025, EVgo Inc. (EVGO) had $151.0M in cash and equivalents against $204.3M in long-term debt.
What is EVgo Inc.'s gross margin?
EVgo Inc. (EVGO) had a gross margin of 21.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is EVgo Inc.'s operating margin?
EVgo Inc. (EVGO) had an operating margin of -28.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is EVgo Inc.'s net profit margin?
EVgo Inc. (EVGO) had a net profit margin of -10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is EVgo Inc.'s free cash flow?
EVgo Inc. (EVGO) recorded an outflow of $124.4M in free cash flow during fiscal year 2025. This represents a -21.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is EVgo Inc.'s operating cash flow?
EVgo Inc. (EVGO) recorded an outflow of $7.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are EVgo Inc.'s total assets?
EVgo Inc. (EVGO) had $964.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are EVgo Inc.'s capital expenditures?
EVgo Inc. (EVGO) invested $116.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does EVgo Inc. spend on research and development?
EVgo Inc. (EVGO) invested $12.2M in research and development during fiscal year 2025.
What is EVgo Inc.'s current ratio?
EVgo Inc. (EVGO) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.
What is EVgo Inc.'s return on assets (ROA)?
EVgo Inc. (EVGO) had a return on assets of -4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is EVgo Inc.'s P/E ratio?
EVgo Inc. (EVGO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $399.4M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is EVgo Inc.'s price-to-sales ratio?
EVgo Inc. (EVGO) trades at 1.0x sales, its market capitalization divided by revenue of $402.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $399.4M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is EVgo Inc.'s debt-to-equity ratio negative or not reported?
EVgo Inc. (EVGO) has negative shareholder equity of -$116.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is EVgo Inc.'s Altman Z-Score?
EVgo Inc. (EVGO) has an Altman Z-Score of 0.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is EVgo Inc.'s Piotroski F-Score?
EVgo Inc. (EVGO) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are EVgo Inc.'s earnings high quality?
EVgo Inc. (EVGO) reported a net loss of $41.6M while operations used $7.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can EVgo Inc. cover its interest payments?
EVgo Inc. (EVGO) reported an operating loss of $110.7M against $9.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is EVgo Inc.?
EVgo Inc. (EVGO) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.