0001104659-26-024827
SEC filingEVgo, Inc. reported total revenue of $384.1 million for fiscal year 2025, generating a gross profit of $80.8 million. The company incurred an operating loss of $110.7 million and a net loss of $95.4 million, with a net loss attributable to Class A common stockholders of $41.6 million. Key financial drivers included significant capital expenditures of $116.7 million for network expansion, offset by substantial financing activities that provided $214.6 million in net cash, primarily from long-term debt proceeds of $200.9 million. The company ended the year with total assets of $964.8 million, including $460.7 million in property, equipment and software, and maintained $151.0 million in cash and cash equivalents. Operating cash flow was negative at -$7.7 million, reflecting ongoing investment in growth initiatives.
EVgo, Inc. reported total revenue of $384.1 million for fiscal year 2025, with cost of sales totaling $303.3 million resulting in gross profit of $80.8 million. Operating expenses were $191.4 million, primarily consisting of general and administrative expenses of $176.9 million and depreciation, amortization and accretion of $14.6 million. This led to an operating loss of $110.7 million. Other income netted $10.1 million, including interest income of $7.0 million offset by interest expense of $6.1 million and changes in fair value of warrant liabilities of -$8.4 million. The company reported a loss before income tax benefit of -$100.6 million, with an income tax benefit of -$5.1 million resulting in net loss of -$95.4 million. After accounting for net loss attributable to redeemable noncontrolling interest of -$53.9 million, net loss attributable to Class A common stockholders was -$41.6 million.
The filing provides total revenue of $384.1 million but does not disclose segment breakdowns, geographic mix, or specific growth drivers beyond the aggregate figure. The XBRL data shows revenue categories including charging network, charging retail, charging commercial, charging OEM, regulatory credit sales, network OEM, eXtend, and ancillary, but all are marked as N/A with no specific values provided. Therefore, detailed revenue analysis by segment or geography cannot be performed based on the available data.
Gross margin was 21.0% based on total revenue of $384.1 million and gross profit of $80.8 million. Operating margin was negative at -28.8% due to the operating loss of -$110.7 million. The cost structure shows significant operating expenses relative to gross profit, with general and administrative expenses of $176.9 million representing the largest component of operating expenses. Depreciation, amortization and accretion expenses totaled $14.6 million within operating expenses, while depreciation, net of capital-build amortization within cost of sales was $59.4 million.
Net cash used in operating activities was -$7.7 million, with net loss of -$95.4 million adjusted for non-cash items including depreciation, amortization and accretion of $74.0 million and share-based compensation of $27.1 million. Investing activities used -$116.7 million primarily for capital expenditures of $116.7 million. Financing activities provided $214.6 million, mainly from proceeds from long-term debt of $200.9 million and proceeds from capital-build funding of $15.2 million. The balance sheet shows total assets of $964.8 million including current assets of $296.5 million with cash and cash equivalents of $151.0 million. Total liabilities were $578.9 million including long-term debt of $204.3 million noncurrent and $2.1 million current. Stockholders' deficit was -$116.9 million with accumulated deficit of -$124.7 million.
The filing does not contain specific management guidance, strategic priorities, or forward-looking statements in the provided content. No outlook information is disclosed regarding future performance expectations, growth targets, or specific risk factors beyond the financial data presented. The document focuses exclusively on historical financial results for fiscal year 2025 without providing projections or strategic commentary for future periods.