EVgo, Inc. (EVGO) Stock

EVgo, Inc. (EVGO) is a Consumer Discretionary stock trading at $1.45 (as of 2026-08-20), with a market capitalization of $250.56M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EVgo, Inc. owns and operates a direct current fast charging network in the United States, providing charging access to drivers through publicly available networked chargers, along with services for original equipment manufacturers, fleets, and rideshare users. It also offers related charging and infrastructure support, including software and data integration, and maintenance, installation, and operations services through eXtend.

Understand EVgo, Inc.: how it makes money

EVgo operates a direct-current fast charging network in the United States, and earns revenue by selling electricity through its publicly available chargers and by providing related charging services such as eXtend and ancillary offerings.

Because EVgo generates revenue primarily from its owned fast-charging network (electricity delivered to drivers) and supplements it with service layers (eXtend and ancillary offerings), profitability depends on sustaining charging usage and the mix of electricity and service revenues relative to the cost of operating and supporting the charger network.

Revenue by segment (latest quarter)
Core Charging$0.1B
eXtend$0.0B
Ancillary$0.0B

Business quality (Weak): The latest quarter shows positive gross margin (11.8%) but a deeply negative operating margin (-33.2%), indicating substantial operating costs below gross profit. Segment and KPI data are available, but peers are not provided in the facts here.

Bull case

  • Network-driven revenue stream: EVgo earns Charging Network Revenue by selling electricity directly to drivers who use its publicly available DC fast chargers.
  • Multiple revenue layers: In addition to core charging, EVgo offers eXtend and ancillary services, which can broaden revenue beyond electricity sales.

Bear case

  • Operating losses despite gross margin: For 2026-03-31, gross margin is 11.8% but operating margin is -33.2%, implying operating expenses are high relative to gross profit.
  • Revenue concentration to charging activity: The profit engine relies heavily on charging activity (Charging Network Revenue), so weakness in network usage or demand can pressure results, especially when operating costs remain fixed or slow to adjust.
Valuation — source: SEC EDGAR (first-party)
Price$1.45
Market Cap$250.56M
Price / Book6.47
Price / Sales0.67
FCF Yield-85.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$384.09M
Net Margin-10.8%
Revenue Growth (YoY)49.6%
EPS Growth (YoY)-24.4%
FCF Growth (YoY)21.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.15 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Personal Services)13.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($35.86M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryPersonal Services
CEOBadar Khan
Employees329
CountryUS
IPO Date2020-11-20

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EVGO earnings history · EVGO institutional & insider holders · EVGO KPIs & operating metrics · EVGO financials · EVGO investor presentations & press releases · EVGO SEC filings · EVGO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.