Filing Flows › EVgo (EVGO) › Q1 2026
EVgo (EVGO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
EVgo (EVGO) reported revenue of $110M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -8% from the quarter before. Operating margin was -33.2%, net loss $37.0M (33.8% of revenue).
EVgo, Q1 2026: revenue $110M (+46% year over year), operating margin -33.2%, net loss $37.0M, operating cash flow −$35.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | -8% | +45% |
| Operating profit | −$36.3M | — | — |
| Net earnings | −$37.0M | — | — |
| Operating cash flow | −$35.4M | -414% | — |
What changed
Revenue was $109.5M in Q1 2026, up 45% year over year and down 8% from the previous quarter. Charging, retail was the largest line at 31% of revenue. AV and ancillary added $15.9M year over year (up 339%), 47% of the total change. Charging, OEM declined 9%.
Gross margin was 11.8%, down 0.6 points from Q1 2025. Operating costs exceeded revenue by $36.3M, an operating margin of -33.2%. Operating expenses grew 15% against revenue growth of 45%. The quarter ended with a net loss of $37.0M, wider than the previous quarter's $11.0M loss. Minority interests bore $20.6M of it: to shareholders the quarter was a loss of $16.4M.
Operating cash flow was −$35.4M. Non-cash charges added back $19.9M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $22.5M. Capital expenditures of $30.6M exceeded it, leaving free cash flow of −$65.9M.
Questions
What was EVgo's revenue in the first quarter 2026?
EVgo (EVGO) reported revenue of $110M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -8% from the quarter before.
Was EVgo profitable in the first quarter 2026?
Operating loss was $36.3M (-33.2% of revenue) and net loss $37.0M.
Source: EVgo 10-Q on SEC EDGAR.