EVgo Inc
EVGOBuild a strategy around EVGO
EVgo Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -428M with 262M debt creates structural balance sheet risk despite 181M cash on hand[Common Stockholders Equity]
- Revenue TTM 333M growing 37% YoY and 106% 3Y CAGR vs industry median 3% - hypergrowth phase[Total Revenue 1Y Growth]
- Operating margin -40% TTM vs industry median +2% - burning 133M annually to scale network[Operating Margin]
Watch Triggers
- Gross Margin: Sustained above 25% for 2 consecutive quarters — Signals unit economics inflection - current 14% must double to reach profitability path
- Cash and Equivalents: Falls below 100M without new financing — At -123M FCF burn rate, triggers liquidity crisis within 12 months
- Operating Margin: Improves to -20% or better — Would indicate operating leverage kicking in as revenue scales
Bull Case
Hypergrowth trajectory (106% 3Y CAGR, 37% 1Y) with 539M PPE infrastructure moat positions EVGO as EV charging consolidator
Gross margin inflection visible - 97% gross profit growth on 37% revenue suggests unit economics improving
Bear Case
Negative equity (-428M) and FCF burn (-123M TTM) requires continued capital raises, diluting shareholders
Operating losses of 133M annually with only 181M cash provides ~18 months runway without financing
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
Leverage EVGO's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Path to profitability hinges on gross margin expansion from 14% toward 40%+ industry median
- Network utilization improvement as EV adoption accelerates
- Operating leverage on fixed charging infrastructure
- Gross profit grew 97% YoY vs 37% revenue growth
Valuation Context
Caveats
EVGO Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$608.89M | — | ||
$808.93M | — | ||
0.00 | — | ||
$418.33M | +51.0% | — | |
$-0.34 | — | ||
-27.2% | +20.7% | — | |
-11.2% | +5.4% | — | |
$-165.14M | — | ||
-4,756% | — | ||
Beta 5Y (Monthly) | unknown | — |
EVGO Dividend History
EVGO Stock Splits
EVGO SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/05/26 | 03/31/26 | 10-Q | |
03/09/26 | 12/31/25 | 10-K | |
11/10/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/06/25 | 03/31/25 | 10-Q | |
03/06/25 | 12/31/24 | 10-K | |
11/12/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
03/06/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
03/30/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/10/22 | 06/30/22 | 10-Q | |
05/13/22 | 03/31/22 | 10-Q | |
03/24/22 | 12/31/21 | 10-K | |
11/12/21 | 09/30/21 | 10-Q | |
08/10/22 | 06/30/21 | 10-Q | |
07/28/21 | 03/31/21 | S-1/A | |
07/30/21 | 12/31/20 | 424B3 | |
11/12/21 | 09/30/20 | 10-Q | |
07/28/21 | 03/31/20 | S-1/A |