Quarterly ResultMay 5, 2026, 07:12 AM
EVgo Q1 Revenue +45.5% to $109.5M; Net Loss $(37.0)M, EPS $(0.12)
AI Summary
EVgo Inc. reported a significant increase in total revenue for the first quarter of 2026, rising 45.5% year-over-year to $109.5 million. This growth was driven by strong performance in both charging and non-charging network segments. However, the company's net loss widened to $(37.0) million, or $(0.12) per share, compared to a net loss of $(26.2) million, or $(0.09) per share, in the prior year. Operating cash outflow also increased substantially.
Key Highlights
- Total revenue increased 45.5% to $109.5 million for Q1 2026.
- Charging network revenue grew 18.3% to $55.7 million.
- Non-charging network revenue surged 90.9% to $53.8 million.
- Net loss widened to $(37.0) million from $(26.2) million year-over-year.
- Loss per share was $(0.12), compared to $(0.09) in Q1 2025.
- Net cash used in operating activities increased to $(35.4) million.
- Capital expenditures more than doubled to $(30.6) million.
- 141.1 million Class A common shares outstanding as of April 28, 2026.
Price Impact
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