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EVgo cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$40.3M in Q2 2026 · −$193M over twelve months

Operating cash flow−$6.5M
Capital spending−$33.8M
Free cash flow−$40.3M
Cash conversion cycle19 days

Analysis

In Q2 2026, EVgo generated −$6.5M of operating cash flow and spent $33.8M on capital projects, leaving free cash flow of −$40.3M. That is $28.2M less than in Q2 2025 (−$12.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$53.4M; the largest uses were capital spending ($140M), operating cash flow ($53.4M), taxes on employees’ shares ($1.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($193M), other financing ($15.6M); the cash balance rose by $14.3M.

Operating cash flow was −$6.5M against net income of −$46.3M. The largest differences: depreciation & amortization +$22.0M, accrued liabilities +$8.3M, deferred revenue −$6.8M.

Its cash conversion cycle was 19 days (receivables 34 + inventory 0 − payables 16).

Free cash flow

EVgo: free cash flow by quarterEVgo: free cash flow by quarter−$13.7MQ3 2024−$36.5MQ4 2024−$25.2MQ1 2025−$12.1MQ2 2025−$49.0MQ3 2025−$38.1MQ4 2025−$65.9MQ1 2026−$40.3MQ2 2026
Operating cash flow less capital spending.
EVgo: operating cash flow against capital spendingEVgo: operating cash flow against capital spendingOperating cash flowCapital spending$12.1M$25.8MQ3 2024−$12.8M$23.7MQ4 2024−$10.2M$15.0MQ1 2025$14.1M$26.2MQ2 2025−$22.8M$26.2MQ3 2025$11.3M$49.4MQ4 2025−$35.4M$30.6MQ1 2026−$6.5M$33.8MQ2 2026
Latest (Q2 2026): Operating cash flow −$6.5M, Capital spending $33.8M.

Capital allocation, year by year

EVgo: where the cash came from (up) and went (down), by fiscal yearEVgo: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow −$29.6MFY2021: Capital spending −$65.0MFY2021: Acquisitions −$22.8MFY2021FY2022: Operating cash flow −$58.8MFY2022: Shares issued $10.7MFY2022: Capital spending −$200M$10.7MFY2022FY2023: Operating cash flow −$37.1MFY2023: Capital spending −$159MFY2023FY2024: Operating cash flow −$7.3MFY2024: Capital spending −$94.8MFY2024FY2025: Operating cash flow −$7.7MFY2025: Net borrowing $201MFY2025: Capital spending −$117M$201MFY2025
Over these 5 years operating cash flow totalled −$140M; the largest uses were capital spending ($636M) and operating cash flow ($140M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$122M
Debt$297M
Net debt$175M
Due within a year$2.1M
Cash runway8 months

EVgo is burning cash: its operations consume cash, a free cash flow of −$193M a year at the current rate against $122M of cash and investments: a runway of about 8 months; $2.1M of debt also comes due within a year, which would need refinancing or new money before any new financing.

EVgo: debt maturities by year (FY2025)EVgo: debt maturities by year (FY2025)$2.1MYear 1$3.3MYear 2$3.3MYear 3$3.3MYear 4$59.4MYear 5$135MAfter year 5
Principal due in each year as disclosed in the annual report, against $122M of cash and investments now.

Where the cash came from and went

EVgo: sources (+) and uses (−) of cash, Q2 2026EVgo: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$83.0MCash drawn (+) / kept (−)−$47.7MCapital spending−$33.8MOperating cash flow−$6.5MOther financing$4.9MOther investing$50K
EVgo: sources (+) and uses (−) of cash, TTM to Q2 2026EVgo: sources (+) and uses (−) of cash, TTM to Q2 2026Net borrowing (+) / repaid (−)$193MCapital spending−$140MOperating cash flow−$53.4MOther financing$15.6MCash drawn (+) / kept (−)−$14.3MTaxes on employees’ shares−$1.4MOther investing$63K

From profit to cash

EVgo: net income to operating cash flow, Q2 2026EVgo: net income to operating cash flow, Q2 2026Net income−$46.3MDepreciation & amortization$22.0MStock-based pay$3.3MOther non-cash$961KReceivables$3.0MPayables−$2.6MAccrued liabilities$8.3MDeferred revenue−$6.8MPrepaid and other assets−$996KOther liabilities$70KOperating cash flow−$6.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202634—1619
Q1 202630—1020
Q4 202531—1516
Q3 202536—1521
Q2 202535—1421
Q1 202553—2033
Q4 202455—2035
Q3 202448—2226

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$6.5M−$33.8M$83.0M−$47.7M−$40.3M
Q1 2026−$35.4M−$30.6M$3.1M$60.7M−$65.9M
Q4 2025$11.3M−$49.4M$47.4M−$9.6M−$38.1M
Q3 2025−$22.8M−$26.2M$59.4M−$17.8M−$49.0M
Q2 2025$14.1M−$26.2M$18.9M−$12.8M−$12.1M
Q1 2025−$10.2M−$15.0M$75.3M−$50.1M−$25.2M
Q4 2024−$12.8M−$23.7M—$32.9M−$36.5M
Q3 2024$12.1M−$25.8M—$9.3M−$13.7M

EVgo: income statement and cash flow

EVgo, Q2 2026: revenue $82.6M (-16% year over year), operating margin -48.6%. The chart follows the revenue to costs, profit and cash.

EVgo: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.